DHCT(SH:900921)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥225,941,965.59, representing an increase of 86.26% compared to the same period last year[4] - The net profit attributable to shareholders was -¥27,055,302.08, with a year-to-date net profit of -¥51,012,924.34, indicating a significant loss[4] - Basic earnings per share for Q3 2021 was -¥0.0266, while diluted earnings per share was also -¥0.0266[5] - The weighted average return on equity improved to -2.0992%, an increase of 10.4315 percentage points compared to the previous year[5] - The company reported a significant increase in operating revenue due to higher product sales and price increases[8] - The company experienced a decrease in net profit attributable to shareholders due to increased revenue and reduced expenses[8] - Total operating revenue for Q3 2021 was RMB 756.40 million, an increase from RMB 606.15 million in Q3 2020, representing a growth of approximately 24.7%[22] - Net profit for Q3 2021 was a loss of RMB 63.40 million, improving from a loss of RMB 291.57 million in Q3 2020, indicating a significant reduction in losses[23] - The company reported a total comprehensive loss of RMB 63.40 million for Q3 2021, compared to a loss of RMB 291.57 million in Q3 2020, showing a significant improvement in overall financial performance[24] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥157,004,081.52, showing an increase of 82.42% year-on-year[4] - The company's cash and cash equivalents as of September 30, 2021, were CNY 105,287,158.21, down from CNY 147,474,592.27 at the end of 2020[16] - Total current assets decreased to CNY 296,223,985.02 from CNY 393,940,229.92 year-over-year[16] - Total liabilities decreased to CNY 628,717,946.64 from CNY 809,428,488.63 year-over-year[18] - The company's total assets as of September 30, 2021, were CNY 2,350,439,784.95, down from CNY 2,594,547,319.00 at the end of 2020[18] - The company’s inventory as of September 30, 2021, was CNY 112,025,699.69, down from CNY 128,349,788.09 at the end of 2020[16] - The company’s total equity attributable to shareholders was CNY 1,275,306,837.33, down from CNY 1,326,319,761.67 year-over-year[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 70,677[11] - The largest shareholder, Jiangsu Danhua Group Co., Ltd., held 180,050,050 shares, accounting for 17.71% of the total shares[11] Production and Operations - In the first three quarters, the subsidiary Tongliao Jinmei Chemical Co., Ltd. sold 112,000 tons of ethylene glycol and 71,700 tons of oxalic acid, with September's maintenance affecting quarterly production and sales[13] - The production load of ethylene glycol was reduced to approximately 45% of normal due to tight coal supply, while oxalic acid production remained normal[14] Research and Development - Research and development expenses for Q3 2021 were RMB 33.02 million, up from RMB 28.14 million in Q3 2020, reflecting a year-over-year increase of about 17.0%[22] Debt and Financing - The company incurred a total of RMB 350.00 million in debt repayment during Q3 2021, compared to RMB 160.00 million in Q3 2020, indicating an increase in debt servicing[26] Accounting Changes - The company implemented new lease accounting standards starting in 2021, affecting the financial statements from the beginning of the year[27] Board Meetings - The board of directors of Danhua Chemical Technology Co., Ltd. held a meeting on October 29, 2021[28]