英科再生(688087) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥585,131,885.87, representing an increase of 18.48% year-over-year[7] - Net profit attributable to shareholders for the same period was ¥81,178,908.65, a growth of 25.12% compared to the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥70,821,386.06, which increased by 31.73% year-over-year[8] - The company achieved a revenue of 1.489 billion RMB for the first nine months of 2021, representing a year-on-year growth of 27.41%[17] - The net profit attributable to shareholders for the same period was 195 million RMB, a year-on-year increase of 10.02%, with a significant growth of 109.35% in net profit after deducting non-recurring gains and losses[17] - The net profit for Q3 2021 was CNY 194,596,367.77, an increase of 10.3% compared to CNY 176,868,345.21 in Q3 2020[27] - The total comprehensive income for Q3 2021 reached CNY 199,501,526.32, up from CNY 171,280,118.98 in the same period last year, reflecting a growth of 16.5%[28] - The basic and diluted earnings per share for Q3 2021 were both CNY 1.82, compared to CNY 1.78 in Q3 2020, indicating a 2.2% increase[28] Assets and Equity - Total assets at the end of the reporting period amounted to ¥2,163,984,616.57, reflecting a significant increase of 61.97% from the end of the previous year[8] - Shareholders' equity attributable to the parent company reached ¥1,823,164,095.07, up 88.58% compared to the previous year[8] - Total assets reached 2.164 billion RMB, reflecting a year-on-year growth of 61.97%[17] - Cash and cash equivalents as of September 30, 2021, amounted to CNY 688,679,694.85, significantly up from CNY 88,521,127.63 at the end of 2020[21] - The company's equity attributable to shareholders increased to CNY 1,823,164,095.07 as of September 30, 2021, compared to CNY 966,804,202.92 at the end of 2020[22] Cash Flow - The company reported a cash flow from operating activities of ¥173,517,222.21 for the year-to-date, which is a 16.00% increase[8] - Cash flow from operating activities for the first nine months of 2021 was CNY 173,517,222.21, up from CNY 149,588,181.08 in the same period of 2020, representing a growth of 15.9%[31] - The total cash inflow from operating activities was CNY 1,632,761,422.81 for the first nine months of 2021, compared to CNY 1,158,125,718.75 in the same period of 2020, reflecting an increase of 40.9%[30] - The company received CNY 680,684,916.30 from investment activities in the first nine months of 2021, a substantial increase from CNY 50,000,000.00 in the same period of 2020[31] - The net cash flow from financing activities for the first nine months of 2021 was CNY 642,208,926.72, compared to a negative cash flow of CNY 173,513,107.33 in the same period of 2020[31] Research and Development - The company's R&D investment totaled ¥22,724,119.78, accounting for 3.88% of revenue, which is an increase of 0.25 percentage points[8] - Research and development expenses for the first three quarters of 2021 were CNY 63,564,146.95, up from CNY 50,000,236.62 in the same period of 2020, reflecting a focus on innovation[26] - The company is actively developing new products such as 3D grid boards and embossed wall panels, while maintaining stable growth in existing products[18] Operational Efficiency and Strategy - The increase in net profit is attributed to order growth, lean production, efficiency improvements, and the promotion of new products and projects[12] - The company is enhancing its operational efficiency through lean production systems and optimizing its supply chain management[18] - The marketing strategy includes a combination of online and offline channels, utilizing social media for cross-border marketing to attract new customers[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26] Expansion and Projects - The company successfully completed its initial public offering, contributing to the significant growth in total assets and shareholders' equity[12] - The company is expanding its overseas production capacity with a new facility in Malaysia, which is a major PS recycling production base, and is implementing strict pandemic control measures[18] - A new project in Vietnam is under construction, expected to produce 2.27 million plastic decorative frames annually, with completion anticipated by the end of the year[19] - The ongoing projects are expected to solidify the company's leading position in the global plastic recycling industry[19] Operating Costs - Total operating revenue for the first three quarters of 2021 reached CNY 1,489,007,605.54, an increase of 27.4% compared to CNY 1,168,712,598.64 in the same period of 2020[25] - Total operating costs for the first three quarters of 2021 were CNY 1,282,479,322.72, up 31.5% from CNY 974,219,494.19 in the previous year[26] - Operating profit for the first three quarters of 2021 was CNY 204,905,909.20, compared to CNY 198,287,138.55 in the same period of 2020, reflecting a slight increase[26]