双环科技(000707) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥831,778,292.99, representing a 78.75% increase year-over-year[3] - Net profit attributable to shareholders was ¥152,272,782.01, a significant increase of 314.09% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥153,249,409.82, up 305.77% year-over-year[3] - The operating profit for the period was ¥122,849,845.50, a turnaround from a loss of ¥313,788,723.48 in the previous year[9] - Net profit for the current period was ¥126,999,983.49, a turnaround from a net loss of ¥310,821,251.02 in the previous period[20] - The total comprehensive income for the current period was ¥132,402,854.95, compared to a comprehensive loss of ¥310,947,136.56 in the previous period[21] - The company reported a basic and diluted earnings per share of ¥0.2737, recovering from a loss per share of ¥0.6688 in the previous period[21] Cash Flow and Financing Activities - The net cash flow from operating activities was ¥353,301,470.97, reflecting a remarkable increase of 955.32% year-to-date[9] - The cash flow from operating activities generated a net amount of ¥353,301,470.97, compared to a negative cash flow of ¥41,306,533.23 in the previous period[24] - The net cash flow from financing activities was -209,662,556.80 CNY, a decrease compared to a net inflow of 18,032,134.45 CNY in the previous year[25] - Cash and cash equivalents at the end of the period amounted to 108,233,669.56 CNY, an increase from 90,765,380.48 CNY year-over-year[25] - The total cash inflow from financing activities was 876,993,458.12 CNY, compared to 452,532,269.30 CNY in the same period last year[25] - The total cash outflow from financing activities was 1,086,656,014.92 CNY, significantly higher than 434,500,134.85 CNY in the previous year[25] - The company received 500,000,000.00 CNY in borrowings during the quarter, compared to 337,000,000.00 CNY in the same quarter last year[25] - The company paid 652,047,168.10 CNY in debt repayments, an increase from 298,935,000.00 CNY in the previous year[25] - The company distributed dividends and interest payments totaling 49,011,632.34 CNY, compared to 24,939,819.27 CNY in the same period last year[25] - The impact of exchange rate changes on cash and cash equivalents was -425,243.13 CNY, contrasting with a positive impact of 366,660.56 CNY in the previous year[25] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,985,604,755.89, a decrease of 34.52% from the previous year[4] - Total current assets amount to ¥481,963,975.49, a decrease from ¥582,448,802.42 at the end of 2020, representing a decline of approximately 17.3%[15] - Total non-current assets decreased from ¥2,450,160,710.35 to ¥1,503,640,780.40, a reduction of about 38.6%[16] - Total assets decreased from ¥3,032,609,512.77 to ¥1,985,604,755.89, reflecting a decline of approximately 34.6%[16] - The company's total liabilities decreased to ¥1,695,964,512.28 from ¥3,328,097,193.37, indicating a reduction of 49.1%[17] - Total current liabilities decreased from ¥1,825,752,633.77 to ¥928,088,749.81, a reduction of about 49.1%[16] - Long-term borrowings decreased from ¥1,333,459,000.00 to ¥746,177,000.00, a decline of approximately 44.0%[16] - The total equity attributable to shareholders of the parent company improved to ¥289,640,243.61 from a negative equity of ¥290,233,786.57 in the previous period[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,604[11] - The largest shareholder, Hubei Shuanghuan Chemical Group Co., Ltd., holds 25.11% of shares, totaling 116,563,210 shares, with 57,000,000 shares pledged[11] Inventory and Investments - The company's inventory net value decreased by 72.65% to ¥100,581,692.36, primarily due to asset restructuring[8] - The company reported a significant reduction in inventory from ¥367,812,138.98 to ¥100,581,692.36, a decrease of approximately 72.7%[15] - The company's long-term equity investment net value dropped to zero, a 100% decrease, due to the transfer of shares in Shanxi Lanhua Qinyu Coal Industry Co., Ltd.[8] Other Information - The company's financial expenses decreased by 41.01% to ¥59,480,822.74, attributed to lower interest rates on existing loans[9] - Research and development expenses were ¥52,693,269.23, slightly down from ¥53,545,394.21 in the previous period[19] - The company did not undergo an audit for the third quarter report[26] - The company adopted new leasing standards starting in 2021, but it is not applicable for retrospective adjustments[26] - The company has signed a restructuring agreement with Hubei Hongtai State-owned Capital Investment Operation Group Co., Ltd. for a share transfer of 52.037%[13] - The first share transfer agreement was signed on September 13, 2021, resulting in Hubei Yihua Group holding 66% and Hubei Hongtai holding 34% of the shares[13]