JCF(SZ:000420)2021-10-28 16:00Revenue and Profitability - Revenue for Q3 2021 reached ¥939,851,958.90, an increase of 31.00% year-over-year, while year-to-date revenue totaled ¥2,618,903,304.81, up 57.74% compared to the same period last year[4] - Net profit attributable to shareholders was -¥39,437,039.52 for Q3 2021, a decline of 69.35% year-over-year, with a year-to-date net profit of ¥1,331,948.47, reflecting a 100.63% increase[4] - The company experienced a 57.74% increase in operating income due to higher sales volumes of main products compared to the previous year[9] - The company reported a basic earnings per share of -¥0.0182 for Q3 2021, reflecting an 18.00% decrease year-over-year[4] - The net profit for the current period was ¥1,138,099.20, a turnaround from a net loss of ¥206,775,404.10 in the previous period[23] - The operating profit for the current period was ¥7,908,607.44, compared to a loss of ¥210,346,323.59 in the previous period[23] - Basic earnings per share for the current period were ¥0.0006, recovering from a loss of ¥0.1066 in the previous period[25] - The company reported a total comprehensive income of ¥1,138,099.20, compared to a comprehensive loss of ¥206,775,404.10 in the previous period[25] Cash Flow and Financial Activities - The company reported a significant increase in cash flow from operating activities, with a year-to-date net cash flow of ¥73,364,704.74, up 788.69% compared to the previous year[4] - Cash flow from operating activities generated a net cash inflow of ¥73,364,704.74, contrasting with a net outflow of ¥10,652,763.84 in the previous period[28] - The total cash inflow from operating activities was ¥1,726,871,824.10, compared to ¥1,151,275,990.16 in the previous period, indicating a growth of 50%[28] - The net cash flow from investment activities was -52,850,124.23 CNY, compared to -96,851,353.73 CNY in the previous period, indicating an improvement[30] - The total cash inflow from financing activities was 2,219,913,429.83 CNY, while cash outflow was 2,006,552,830.92 CNY, resulting in a net cash flow of 213,360,598.91 CNY[30] - The ending balance of cash and cash equivalents increased to 410,437,543.37 CNY from 357,539,064.61 CNY in the previous period[30] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥8,666,700,298.51, a slight decrease of 0.25% from the end of the previous year[6] - Current assets totaled CNY 2,273,360,325.95, down from CNY 2,371,007,420.06 at the end of 2020, reflecting a decrease of approximately 4.1%[16] - Total liabilities stood at CNY 5,625,666,166.83, slightly up from CNY 5,576,125,475.94 at the end of 2020[20] - The total equity attributable to shareholders was CNY 3,042,527,077.66, down from CNY 3,101,743,007.81 at the end of 2020[20] - Short-term borrowings decreased to CNY 1,785,484,850.97 from CNY 2,181,428,505.97, reflecting a reduction of approximately 18.2%[18] - The company’s non-current liabilities decreased significantly to CNY 275,984,734.29 from CNY 594,444,953.68, indicating a reduction of about 53.6%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,451, with the largest shareholder holding 14.67% of the shares[12] Government Support - The company received government subsidies amounting to ¥782,678.82 during the reporting period[7] Inventory and Receivables - Accounts payable increased by 32.95% to ¥1,103,828,485.77, attributed to increased procurement of materials and energy[9] - Accounts receivable rose to CNY 437,470,948.81, compared to CNY 436,577,362.16 at the end of 2020, indicating a marginal increase[16] - Inventory increased to CNY 761,879,634.11 from CNY 730,862,793.48, marking an increase of approximately 4.3%[16] Research and Development - Research and development expenses for the current period were ¥3,921,428.50, slightly down from ¥4,144,999.47 in the previous period[23] Financial Reporting and Adjustments - The third quarter report for 2021 was not audited[38] - The company implemented a new leasing standard starting January 1, 2021, resulting in adjustments to fixed assets and lease liabilities[37] - Fixed assets were reduced by ¥133,768,278.02, while right-of-use assets increased by the same amount[37] - Long-term payables decreased by ¥81,488,721.42, and lease liabilities increased by the same amount[37] - As of March 31, 2021, fixed assets were adjusted down to ¥131,209,623.04, and right-of-use assets were adjusted up to the same amount[37] - Long-term payables were reduced to ¥62,139,583.13, with lease liabilities adjusted up to the same amount[37]