ST实华(000637) - 2021 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2021 was ¥1,558,850,115.29, a decrease of 16.17% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥10,447,829.81, an increase of 91.22% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,435,424.99, up 166.75% compared to the same period last year[3] - The total profit for Q3 2021 was ¥64,115,609.42, a substantial increase of 415.00% compared to the same period last year[9] - Net profit for Q3 2021 reached CNY 40,345,279.88, significantly up from CNY 3,991,120.33 in the same period last year, representing a growth of 911.5%[34] - Operating profit for Q3 2021 was CNY 64,261,318.58, compared to CNY 12,393,628.59 in Q3 2020, marking an increase of 418.5%[33] - Revenue from sales of goods and services in Q3 2021 was CNY 4,062,243,149.29, up from CNY 3,605,845,460.42 in Q3 2020, reflecting a growth of 12.6%[37] - Basic and diluted earnings per share for Q3 2021 were CNY 0.064, up from CNY 0.034 in Q3 2020, indicating a growth of 88.2%[34] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥2,685,249,084.41, representing a 39.77% increase from the end of the previous year[3] - As of September 30, 2021, the company's total assets reached approximately 2.69 billion RMB, an increase from 1.92 billion RMB at the end of 2020[30] - The company's total liabilities increased to approximately 1.62 billion RMB from 935.85 million RMB, reflecting a significant rise in financial obligations[30] - Total current assets amounted to approximately 769.85 million, with a slight decrease of 0.09% compared to the previous period[41] - Current liabilities were approximately 759.12 million, remaining unchanged from the previous period[42] - Total equity was approximately 985.33 million, indicating stability in the company's financial position[43] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥58,486,252.53, a significant decrease of 876.77% compared to the same period last year[3] - The company reported a net cash outflow from operating activities of CNY -58,486,252.53 in Q3 2021, compared to a net inflow of CNY 7,529,370.22 in Q3 2020[38] - Investment activities resulted in a net cash outflow of CNY -374,504,822.75 in Q3 2021, compared to CNY -291,262,458.04 in Q3 2020[38] - Financing activities generated a net cash inflow of CNY 445,645,182.69 in Q3 2021, an increase from CNY 376,308,409.38 in Q3 2020[38] - The company’s cash and cash equivalents saw a net increase of ¥12,654,107.41, a decrease of 86.33% year-on-year, attributed to increased expenditures on investment and holiday raw materials[9] - Cash and cash equivalents at the end of Q3 2021 were CNY 182,259,925.59, down from CNY 323,958,525.68 at the end of Q3 2020[38] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 41.75% to ¥310,148,883.95, primarily due to preparations for holiday production[8] - Short-term borrowings increased by 197.57% to ¥594,500,000.00, mainly to address holiday inventory needs[8] - The company's inventory rose to approximately 310.15 million RMB, up from 218.80 million RMB, indicating a significant increase in stock levels[28] - The company's short-term borrowings increased to approximately 594.50 million RMB from 199.78 million RMB, indicating a rise in leverage[29] Investments and Projects - The company officially launched the 140,000 tons/year cracking C9 and cracking tar comprehensive utilization project and the 300,000 tons/year (27.5% calculation) hydrogen peroxide project on July 12, 2021, with a total investment of RMB 826.87 million[14] - The company established a controlling subsidiary in Xiantao City, Hubei Province, with a registered capital of RMB 50 million, holding 51% of the shares[15] - The company plans to repurchase all shares held by the state-owned asset management company in Dongyou Company for RMB 30 million, reducing the registered capital from RMB 17.95 million to RMB 14.95 million[17] - The company approved an increase of RMB 110 million in idle self-owned funds for securities investment to optimize financial asset allocation[22] - The company completed the transfer of 12% equity in its subsidiary Zhanjiang Shihua to employees, receiving a total of 32.76 million RMB[23] - The company established Guangxi Shihua Petrochemical Co., with a registered capital of 50 million RMB, where Dongcheng Company holds 94% and Hainan Shihua holds 6%[24] - The company has ongoing projects in construction with a value of approximately 591.12 million[41] Compliance and Regulatory Issues - Dongcheng Company and Dongyou Company received production suspension notices due to non-compliance with government energy review requirements, leading to the suspension of several production facilities[25] - The company has not yet audited its third-quarter report, indicating a potential area for future review[44]