YATAI(SZ:000691)2021-10-25 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 112,948,127.79, representing a 0.52% increase year-over-year, while the year-to-date revenue reached CNY 393,386,649.96, a significant increase of 121.98% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was CNY 2,795,400.92, a decrease of 21.69% year-over-year, and the year-to-date net profit was CNY 18,482,277.69, down 10.70% compared to the previous year[3]. - The diluted earnings per share for Q3 2021 was CNY 0.0086, reflecting a decline of 21.82% year-over-year, while the year-to-date diluted earnings per share was CNY 0.0572, down 10.63% compared to the same period last year[3]. - Total operating revenue for Q3 2021 reached CNY 393,386,649.96, a significant increase from CNY 177,215,664.47 in Q3 2020, representing a growth of approximately 121.5%[32]. - Net profit for Q3 2021 was CNY 41,649,443.40, up from CNY 29,136,089.02 in Q3 2020, reflecting a growth of approximately 42.9%[33]. - Total comprehensive income for the period was CNY 41,649,443.40, compared to CNY 29,136,089.02 in the previous period, representing an increase of 42.9%[34]. Assets and Liabilities - The company's total assets as of September 30, 2021, were CNY 730,476,519.44, showing a slight increase of 0.42% from the end of the previous year[3]. - The total liabilities decreased to CNY 478,809,808.09 from CNY 495,566,567.31, a reduction of approximately 3.5%[30]. - The company's total equity attributable to shareholders decreased by 3.54% to CNY 91,481,537.07 compared to the end of the previous year[3]. - Current assets increased to CNY 254,798,416.82 from CNY 242,510,227.07, marking a growth of about 5.3%[28]. - The total equity was reported at 231,829,828.46, with attributable equity to shareholders at 94,835,957.54[42]. Cash Flow - The operating cash flow for the year-to-date period was CNY 57,467,008.64, an increase of 16.95% compared to the same period last year[3]. - Cash flow from operating activities decreased by 93.08% to CNY 4.86 million compared to CNY 70.30 million in the previous year, primarily due to reduced receivables[9]. - Net cash flow from operating activities was CNY 57,467,008.64, up from CNY 49,137,792.90, indicating a growth of 4.5%[37]. - The net cash flow from financing activities was negative at CNY -12,455,171.85, compared to a positive CNY 18,351,003.03 in the previous period[38]. Operating Costs and Expenses - The company's operating costs for the year-to-date period were CNY 293,988,435.45, reflecting a 116.47% increase compared to the same period last year, attributed to the manufacturing and sales of chemical products[7]. - Operating costs for Q3 2021 were CNY 343,403,694.29, compared to CNY 160,904,633.07 in the same period last year, indicating an increase of about 113.0%[32]. - Research and development expenses surged by 139.89% to CNY 12.72 million from CNY 5.30 million year-on-year, reflecting the company's focus on innovation in chemical product manufacturing[8]. - Management expenses rose by 110.07% to CNY 21.25 million from CNY 10.12 million year-on-year, indicating increased operational costs associated with the shift in business focus[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,532, with the largest shareholder holding 16.95% of the shares[10]. - The company has disclosed its shareholder structure, indicating significant holdings by individual shareholders, including Wang Jianhong with 5,028,940 shares[11]. - The major shareholders include Lanzhou Taihua Investment Holding Co., Ltd. with 54,783,700 shares and Lanzhou Asia-Pacific Industrial Group Co., Ltd. with 32,177,295 shares[11]. Investment and Financing Activities - The company reported a total debt claim of CNY 117,083,886.83 against Beijing Dashi Investment Co., including principal of CNY 70,000,000 and interest of CNY 47,083,886.83[24]. - The company made a cash payment of CNY 30 million for equity transfer during the reporting period, indicating ongoing investment activities[9]. - The company has actively pursued the recovery of CNY 3,000,000 from Beijing Lanjing Lijia Mingguang Furniture, which has ceased operations and is unable to provide timely financial data[20]. Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission (CSRC) for the non-public offering on July 15, 2021[17]. - The company is preparing for the CSRC's review of its non-public offering application, indicating ongoing engagement with regulatory requirements[16]. - The company has committed to timely information disclosure regarding its non-public offering and related matters[17]. Legal Matters - The company is closely monitoring the bankruptcy proceedings of Dashi Company, as the outcome may impact future profits[25]. - The company has been involved in legal proceedings regarding the validity of resolutions related to its investments, which may affect its financial standing[23]. - The company has engaged legal counsel to assist in the preparation of claims related to its investments in Dashi Company[24].