振华新材(688707) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,459,797,972.72, representing a year-on-year increase of 402.35%[7] - The net profit attributable to shareholders for the same period was ¥109,466,788.41, reflecting a significant increase of 511.62% compared to the previous year[7] - The basic earnings per share for Q3 2021 was ¥0.2966, an increase of 450.28% year-on-year[11] - The net profit attributable to shareholders for the reporting period is 511.62 million RMB, showing a significant turnaround from a net loss of 132 million RMB in the same period last year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters of 2021 is 254 million RMB, compared to a loss of 159 million RMB in the same period of 2020[18] - The basic earnings per share for the first three quarters of 2021 is 0.7562 RMB, a recovery from a loss of 0.3985 RMB per share in the same period last year[18] - The total operating revenue for the first three quarters of 2021 reached ¥3,543,449,581.03, a significant increase from ¥684,073,774.41 in the same period of 2020, representing a growth of approximately 418%[36] - The net profit for the first three quarters of 2021 was ¥260,527,706.73, a turnaround from a net loss of ¥132,392,349.01 in the same period of 2020[36] - The total comprehensive income attributable to the parent company was 260,527,706.73 RMB, a significant turnaround from -132,392,349.01 RMB in the same period last year[40] Research and Development - Research and development expenses totaled ¥30,112,919.81, accounting for 2.06% of operating revenue, which is an increase of 3.44 percentage points compared to the previous year[11] - Research and development expenses totaled 68.43 million RMB for the first three quarters of 2021, reflecting the company's commitment to enhancing product competitiveness through innovation[18] - Research and development expenses for the first three quarters of 2021 were ¥74,260,810.65, an increase from ¥44,089,551.96 in 2020, showing a growth of about 68%[36] Assets and Equity - Total assets at the end of Q3 2021 amounted to ¥6,051,548,100.23, marking a 42.19% increase from the end of the previous year[11] - The equity attributable to shareholders increased to ¥2,775,358,443.79, a substantial rise of 116.89% year-on-year[11] - The total assets at the end of the reporting period amount to 4.219 billion RMB, primarily due to funds raised from the initial public offering[18] - The equity attributable to shareholders at the end of the reporting period is 1.1689 billion RMB, indicating a solid financial position[18] - The company's total assets as of the end of the reporting period amounted to ¥6,051,548,100.23, up from ¥4,256,057,147.23 a year earlier, reflecting a growth of approximately 42%[33] - The company's equity attributable to shareholders increased to ¥2,775,358,443.79 from ¥1,279,612,865.92, representing a growth of about 117%[33] Cash Flow - The company reported a net cash flow from operating activities of -¥140,550,105.48 for the year-to-date period[11] - The net cash flow from operating activities for the first three quarters of 2021 is -141 million RMB, an improvement from -426 million RMB in the same period of 2020, driven by increased sales and improved working capital[18] - The company reported a net cash flow from operating activities of -140,550,105.48 RMB for the first three quarters of 2021, an improvement from -425,850,690.97 RMB in the same period of 2020[41] - The company incurred total cash outflows from operating activities amounting to 1,452,187,084.55 RMB, compared to 901,875,504.79 RMB in the previous year[42] - The net cash flow from investing activities was -133,601,165.61 RMB, a slight improvement from -147,645,310.53 RMB in the same period last year[43] - Cash inflows from financing activities totaled 2,143,905,184.21 RMB, compared to 1,300,050,224.95 RMB in the previous year[43] - The company reported a net cash flow from financing activities of 1,550,387,488.28 RMB, a significant increase from 444,250,044.66 RMB year-over-year[43] - The ending balance of cash and cash equivalents was 1,345,249,861.99 RMB, compared to 30,830,195.01 RMB at the end of the same period last year[43] Sales and Market Demand - The sales revenue from high-nickel NCM ternary materials in Q3 2021 was ¥6.10 billion, with a quarter-on-quarter growth of 30%[16] - The average selling price of major products increased due to rising raw material costs, contributing to the overall revenue growth[16] - The company attributed the significant revenue growth to increased demand in the downstream electric vehicle battery market and a recovery from the impact of COVID-19 on previous year’s orders[16] - The increase in sales scale and product structure adjustment, particularly in high-nickel NCM ternary materials, contributed to the profitability turnaround[18] Shareholder Information - The company has a total of 23,253 common shareholders, with the largest shareholder holding 28.31% of the shares[22]