长远锂科(688779) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,687,199,999.40, representing a year-on-year increase of 313.82%[5] - Net profit attributable to shareholders for the same period was ¥173,434,208.71, a significant increase of 807.42% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.11, reflecting a year-on-year growth of 716.67%[5] - Total revenue for the third quarter reached ¥4,536,201,038.88, a significant increase from ¥1,072,526,428.01 in the same period last year, representing a growth of approximately 322%[29] - Operating profit for the quarter was ¥550,632,785.36, compared to ¥31,260,954.37 in the previous year, indicating a substantial increase in profitability[32] - Net profit for the quarter was ¥486,973,096.93, a significant rise from ¥34,483,022.81 year-over-year, reflecting a growth of approximately 1,313%[32] - The company reported a net profit excluding non-recurring gains and losses of ¥169,020,908.37 for Q3 2021, reflecting a year-on-year increase of 3,386.31%[5] Assets and Liabilities - Total assets as of the end of the reporting period amounted to ¥8,238,255,095.65, marking a 76.37% increase from the previous year[8] - The total assets as of September 30, 2021, amounted to RMB 5,723,726,630.3, a significant increase from RMB 2,713,177,604.73 in the previous year[24] - Total liabilities increased to ¥1,928,618,705.14 from ¥1,495,748,000.48, reflecting a growth of about 29%[29] - The company’s total liabilities were not explicitly stated but are implied to have increased in line with asset growth[24] Equity and Shareholder Information - The total equity attributable to shareholders increased by 98.71% to ¥6,309,636,390.51 compared to the previous year[8] - The company's equity attributable to shareholders reached ¥6,309,636,390.51, compared to ¥3,175,339,742.81, marking an increase of approximately 98%[29] - The company has a significant shareholder structure with the top three shareholders holding a combined 25.30% of shares[20] Research and Development - The company's R&D investment for Q3 2021 was ¥68,433,594.97, which is 160.62% higher than the same period last year[8] - Research and development expenses increased to ¥188,898,776.45 from ¥57,194,388.95, showing a growth of about 230% as the company invests in innovation[32] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥468,337,475.77, a decline of 313.45% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2021 was -468,337,475.77 RMB, compared to 219,413,538.41 RMB in the same period of 2020, indicating a significant decline[38] - Total cash inflow from operating activities was 1,317,919,399.61 RMB, up from 521,757,167.54 RMB in the previous year, reflecting a growth of approximately 152%[38] - Cash outflow from operating activities increased to 1,786,256,875.38 RMB, compared to 302,343,629.13 RMB in the same period last year, representing a rise of about 487%[38] - The ending balance of cash and cash equivalents was 2,294,272,399.27 RMB, significantly higher than 411,571,514.59 RMB at the end of the previous year[39] Market Strategy and Future Outlook - The company attributed the significant increase in revenue to the booming demand for new energy vehicles and rising raw material prices, which led to higher product prices[12] - The company is focused on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] Operational Metrics - Accounts receivable reached RMB 1,552,113,335.74, up from RMB 969,954,683.53 year-over-year, indicating a growth of approximately 60%[24] - Inventory increased to RMB 1,246,259,063.89, compared to RMB 704,592,319.36 in the previous year, reflecting an increase of about 77%[24] - Non-current assets totaled RMB 2,514,528,465.35, up from RMB 1,957,910,138.56, showing a growth of approximately 28%[24] - The company reported cash and cash equivalents of RMB 2,379,453,892.79, compared to RMB 237,726,486.85 in the previous year, indicating a substantial increase[24] Other Financial Activities - There are no significant changes in the company's financing or refinancing activities reported during this period[20] - The company has not disclosed any new product launches or technological advancements in the current reporting period[20] - The company received 644,484.72 RMB in tax refunds, down from 1,985,763.69 RMB in the same period last year[38] - Payments to employees increased to 123,956,324.61 RMB from 75,774,906.69 RMB, indicating a rise of approximately 63%[38] - The company spent 65,079,410.25 RMB on acquiring fixed assets, down from 168,026,234.27 RMB in the previous year[39] - The impact of exchange rate changes on cash and cash equivalents was -52,538.68 RMB, compared to -352,014.85 RMB in the same period last year[39]