SOFE(SZ:000852)2021-10-21 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,516,662,508.71, an increase of 2.49% year-on-year[4]. - The net profit attributable to shareholders was ¥2,344,623.06, a decrease of 47.02% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,812,426.08, a decrease of 107.95% year-on-year[4]. - The company's net profit for the current period reached ¥33,700,318.83, a significant increase from ¥23,025,185.24 in the previous period, representing a growth of approximately 46.3%[33]. - Revenue from sales of goods and services amounted to ¥4,045,463,261.01, slightly down from ¥4,121,983,848.97 in the previous period, indicating a decrease of about 1.8%[40]. - Operating profit for the current period was ¥34,583,619.64, compared to ¥32,517,725.24 in the previous period, showing an increase of about 6.4%[33]. - The company reported a total profit of ¥35,131,352.81, up from ¥32,096,764.54, which is an increase of approximately 9.5%[33]. - Basic earnings per share rose to ¥0.0311 from ¥0.0071, marking a substantial increase of approximately 338.0%[36]. - The total comprehensive income for the current period was ¥33,700,318.83, compared to ¥23,025,185.24 in the previous period, indicating an increase of approximately 46.3%[36]. - The company’s tax expenses decreased significantly to ¥1,431,033.98 from ¥9,071,579.30, reflecting a reduction of approximately 84.2%[33]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥41,477,358.52, an increase of 116.58% year-on-year[4]. - The net cash flow from operating activities was ¥41,477,358.52, a recovery from a negative cash flow of ¥-250,154,870.64 in the previous period[40]. - Net cash flow from investing activities was -$34.20 million, compared to -$29.12 million in the previous period, indicating an increase in cash outflow[43]. - Cash inflow from financing activities totaled $3.58 billion, up from $3.32 billion year-over-year, reflecting a strong capital raising effort[43]. - Cash outflow for debt repayment was $3.45 billion, an increase from $2.92 billion in the previous period, showing higher debt servicing costs[43]. - The net increase in cash and cash equivalents was $61.91 million, compared to $40.19 million in the prior year, indicating improved liquidity[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,813,905,549.62, representing a 7.43% increase from the end of the previous year[6]. - The company's current assets totaled RMB 7,365,031,297.32 as of September 30, 2021, compared to RMB 6,716,345,033.19 at the end of 2020, marking an increase of about 9.7%[22]. - The total liabilities of the company were RMB 6,823,718,851.15, compared to RMB 6,241,304,655.26 at the end of 2020, representing an increase of approximately 9.3%[28]. - Total current assets amounted to approximately $6.72 billion, remaining stable compared to the previous period[47]. - Total non-current assets increased to approximately $1.54 billion, up from $1.49 billion, reflecting ongoing investments[47]. - Total liabilities rose to approximately $6.29 billion, compared to $6.24 billion, indicating a slight increase in financial obligations[50]. - The total equity attributable to shareholders was approximately $1.81 billion, unchanged from the previous period, indicating stable shareholder value[52]. Shareholder Information - The company reported a total of 53,662 common shareholders at the end of the reporting period[12]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 58.74% of the shares[12]. - The company plans to raise up to RMB 1 billion through a private placement of shares, with a maximum of 233,281,499 shares to be issued[19]. - The company is currently undergoing a review process by the China Securities Regulatory Commission regarding the private placement of shares initiated in March 2021[19]. Research and Development - The R&D expenses for the period were ¥143,775,156.70, a decrease of 38.42% compared to the previous year[11]. - Research and development expenses decreased to ¥143,775,156.70 from ¥233,458,997.74, reflecting a reduction of approximately 38.4%[33]. Other Information - The company implemented new leasing standards starting January 1, 2021, which required adjustments to the balance sheet[44]. - The total assets increased to approximately $8.26 billion, up from $8.20 billion, reflecting growth in the asset base[52]. - The third quarter report of Sinopec Petroleum Machinery Co., Ltd. has not been audited[54]. - The new leasing standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[54]. - The board of directors issued the third quarter report on October 22, 2021[54].