天保基建(000965) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 442,186,695, representing a 94.15% increase compared to CNY 227,750,413 in the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was CNY 26,696,605.4, a 24.57% increase from CNY 21,431,604.9 in the previous year[4] - The basic earnings per share for Q3 2021 was CNY 0.0241, up 24.87% from CNY 0.0193 in the same period last year[5] - Net profit for the quarter was a loss of CNY 73,406,495.66, compared to a profit of CNY 100,864,133.65 in the previous year, reflecting a significant decline in profitability[23] - The basic and diluted earnings per share were both -0.0662, compared to 0.0902 in the same quarter last year, indicating a negative shift in earnings performance[24] Assets and Liabilities - The total assets at the end of Q3 2021 were CNY 12,999,611,729.06, reflecting a 16.48% increase from CNY 11,160,717,900.33 at the end of the previous year[5] - The company's total assets increased to CNY 12,999,611,729.06 from CNY 11,160,717,900.33, representing a growth of 16.5% year-over-year[20] - Total liabilities rose to CNY 7,687,760,305.20, up from CNY 4,945,315,880.81, indicating increased leverage[20] - The company's total liabilities decreased by 34.45% in accounts payable, from CNY 663,839,233.84 to CNY 435,179,766.32, indicating reduced engineering payment obligations[10] Cash Flow - The net cash flow from operating activities for the first nine months of 2021 was CNY 416,931,160.42, a significant improvement from a negative CNY 1,026,141,044.12 in the same period last year, marking a 140.63% increase[10] - Cash flow from operating activities was CNY 2,480,317,543.34, a substantial increase compared to CNY 339,702,537.63 in the previous period[26] - The cash received from operating activities totaled ¥3,060,913,447.16, while cash paid for operating activities was ¥2,643,982,286.74, leading to a positive cash flow from operations[27] - The company experienced a net increase in cash and cash equivalents of ¥277,394,600.12 during the quarter, contrasting with a decrease of ¥287,473,797.21 in the previous year[28] Financial Expenses - The financial expenses for the first nine months of 2021 were CNY 123,995,383.75, an 86.51% increase compared to CNY 66,482,783.25 in the previous year, primarily due to increased borrowings[10] - The company reported financial expenses of CNY 123,995,383.75, significantly higher than CNY 66,482,783.25 from the previous year, primarily due to increased interest expenses[23] Shareholder Information - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the shares, with no related party relationships among the top 10 shareholders[12] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the second-largest shareholder holding 1.88%[12] Other Financial Metrics - The total current assets amounted to RMB 11,102,055,899.17, an increase from RMB 9,419,481,557.61 at the end of 2020, representing a growth of approximately 17.9%[18] - The cash and cash equivalents increased to RMB 693,113,412.75 from RMB 415,718,812.63, reflecting a growth of about 66.6%[18] - The accounts receivable rose to RMB 11,770,830.56 from RMB 10,775,694.22, indicating an increase of approximately 9.2%[18] - The inventory value increased significantly to RMB 10,036,000,759.78 from RMB 8,084,549,331.30, which is an increase of around 24.2%[18] - Deferred tax assets increased to CNY 371,695,278.75 from CNY 293,092,115.70, suggesting potential future tax benefits[20] Financing Activities - The company signed a supplementary agreement with Tianjin Tianbao Commercial Factoring Co., Ltd. to adjust the factoring financing interest rate from 6.9% per annum to a maximum of 8.0% per annum[14] - The company provided a guarantee for its wholly-owned subsidiaries to apply for a total of RMB 100 million in short-term working capital loans[14] - The company engaged in a sale-and-leaseback transaction with Tianjin Tianbao Leasing Co., Ltd. for a total financing amount of RMB 60 million at an interest rate of 8% per annum[15] - The total cash inflow from financing activities was ¥1,368,490,515.99, while cash outflow was ¥1,504,551,364.49, resulting in a net cash flow of -¥136,060,848.50 for the quarter[28] - The company received cash from loans amounting to ¥1,368,490,515.99 during the financing activities, indicating strong borrowing capabilities[28] Taxation - The company reported a decrease in income tax expenses by 72.77%, from CNY 58,331,104.84 to CNY 15,882,399.18, mainly due to a reduction in total profit[10] - The cash paid for taxes during the quarter was ¥303,875,871.23, reflecting the company's tax obligations[27] Audit and Accounting - The third-quarter report was not audited, which may affect the reliability of the financial data presented[29] - The company did not adjust the beginning balance sheet items for the new leasing standards, indicating no significant changes in accounting practices[29]