Polyrocks(SH:688669)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥638,629,725.11, representing a year-on-year increase of 20.36%[5] - The net profit attributable to shareholders decreased by 72.02% to ¥13,867,436.58 for the same period[5] - The company's revenue for Q3 2021 reached 39.76 million, driven by increased demand for modified plastic particles and products, as well as a larger scale of raw material trading[12] - The net profit for Q3 2021 was CNY 72,523,501.97, a decrease from CNY 159,002,373.77 in Q3 2020, representing a decline of approximately 54.4%[26] - Operating profit for Q3 2021 was CNY 76,436,104.34, down from CNY 200,230,006.18 in the same period last year, indicating a decrease of about 61.9%[29] - Total revenue from sales and services for the first nine months of 2021 reached CNY 1,502,321,381.19, compared to CNY 1,047,823,416.46 in the same period of 2020, reflecting an increase of approximately 43.3%[29] - The company reported a total comprehensive income of CNY 72,572,808.64 for Q3 2021, down from CNY 158,614,708.37 in Q3 2020, a decrease of approximately 54.3%[27] Research and Development - The R&D investment totaled ¥25,208,258.78, an increase of 52.81% compared to the previous year, accounting for 3.95% of operating revenue[6] - Research and development expenses increased to 81.48 million, indicating a strengthened focus on R&D efforts during the period[12] - Research and development expenses increased by 81.48% year-on-year, reflecting the company's commitment to innovation and environmental projects[17] - Research and development expenses increased to CNY 73,110,976.92 in Q3 2021, up from CNY 40,286,362.59 in Q3 2020, marking an increase of about 81.5%[29] Assets and Liabilities - Total assets increased by 93.34% to ¥3,247,799,832.61 compared to the end of the previous year[6] - Total assets as of September 30, 2021, were RMB 3,247,799,832.61, compared to RMB 1,679,027,793.46 at the end of 2020, reflecting significant growth[22] - Total current assets amounted to ¥1,160,003,212.97 as of December 31, 2020[31] - Total non-current assets increased to ¥540,851,175.74, reflecting an increase of ¥21,826,595.25[32] - Total liabilities amounted to ¥955,084,083.74, reflecting an increase of ¥21,826,595.25[33] - Total current liabilities were ¥834,917,961.91, an increase of ¥6,892,021.65 compared to the previous period[32] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥170,497,210.06, indicating a decline of 337.24%[6] - The net cash flow from operating activities for Q3 2021 was negative at CNY -170,497,210.06, contrasting with a positive cash flow of CNY 71,867,185.16 in Q3 2020[29] - The company’s cash flow from financing activities showed a net outflow of 4,111.32 million, primarily due to increased bank borrowings and fundraising activities[12] - Cash and cash equivalents as of September 30, 2021, amounted to RMB 504,764,677.33, a substantial increase from RMB 169,871,974.86 at the end of 2020[20] - Cash and cash equivalents at the end of Q3 2021 amounted to CNY 454,924,418.09, significantly higher than CNY 61,265,279.76 at the end of Q3 2020[30] Inventory and Receivables - The company reported a significant increase in inventory by 59.65%, attributed to sustained business growth[10] - Accounts receivable rose to RMB 717,059,102.39 from RMB 540,664,809.45, indicating increased sales activity[20] - Inventory levels increased to RMB 350,181,086.17, up from RMB 219,337,168.81, suggesting a buildup in stock[20] - Inventory was valued at ¥219,337,168.81, maintaining a consistent level[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,795[14] - Shareholders' equity totaled ¥745,770,304.97, with the equity attributable to the parent company at ¥653,122,455.04[33]