ST鸿达(002002) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥2,135,778,289.13, representing a 63.02% increase year-over-year[4] - Net profit attributable to shareholders was ¥538,448,050.94, up 113.84% compared to the same period last year[4] - The basic earnings per share increased by 81.65% to ¥0.1782, while diluted earnings per share rose by 76.45% to ¥0.1731[4] - The company's operating revenue for the first nine months reached ¥5,662,943,063.88, a year-on-year increase of 44.16% due to higher market sales prices of PVC and other main products[9] - The net profit attributable to shareholders for the same period was ¥1,329,807,554.69, reflecting a significant increase of 127.80% driven by improved profitability from key products and contributions from hydrogen energy and rare earth new materials[9] - Operating profit for the period was ¥1,574,836,751.92, up 131.9% from ¥680,462,794.65 year-over-year[21] - Net profit attributable to the parent company was ¥1,329,807,554.69, compared to ¥583,766,928.53 in the previous year, representing a 128.6% increase[22] - The total comprehensive income for the period was ¥1,355,490,686.30, compared to ¥581,237,317.81 in the previous year, reflecting an increase of 133.3%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,677,851,528.04, reflecting a 4.31% increase from the end of the previous year[4] - The company's equity attributable to shareholders increased by 40.29% to ¥10,454,908,190.99 compared to the previous year-end[4] - The company's total assets increased to ¥10,454,908,190.99, a rise of 40.29% compared to the previous year, attributed to the conversion of convertible bonds and higher retained earnings[9] - Total liabilities amounted to ¥8,136,403,616.16, down from ¥10,393,753,129.76 year-over-year[21] - The total current liabilities as of September 30, 2021, were CNY 5.03 billion, compared to CNY 5.03 billion at the end of 2020, indicating stability in short-term financial obligations[18] Cash Flow - Cash flow from operating activities showed a significant increase of 115.92% year-to-date, totaling ¥52,587,382.09[4] - The cash flow from operating activities showed a net inflow of ¥52,587,382.09, a turnaround from a negative cash flow of ¥-330,387,301.17 in the previous year, indicating improved sales and collection performance[10] - The company reported a net cash flow from operating activities of ¥52,587,382.09, a significant improvement from a net outflow of ¥330,387,301.17 in the same period last year[24] - The net cash flow from investment activities was -125,603,316.45, compared to -880,549,242.32 in the previous year[25] - Cash inflow from financing activities totaled 312,600,000.00, down from 2,100,258,133.44 year-over-year[25] - The net cash flow from financing activities was -8,638,167.20, compared to -713,941,834.19 in the previous year[25] - The ending balance of cash and cash equivalents was 10,510,971.69, significantly lower than 448,788,480.78 at the end of the previous year[25] Operational Metrics - Accounts receivable rose by 49.09% to ¥2,846,986,316.68, driven by increased business scale and extended credit terms for some customers[8] - Inventory levels increased by 32.24% to ¥885,346,309.67 as the company adjusted raw material stock based on market conditions[8] - The construction in progress increased by 34.60% to ¥2,054,568,825.60, reflecting ongoing project investments[8] - The company reported stable production and sales of its main products, PVC and caustic soda, with significant price increases contributing to high profitability in the chlor-alkali business[15] - Research and development expenses for the quarter were ¥52,483,114.38, up from ¥41,465,361.44 in the same period last year, indicating a 26.6% increase[21] Government and Partnerships - The company reported a government subsidy of ¥2,462,429.12 for the current period, contributing to its non-recurring gains[6] - The company is actively developing the hydrogen energy sector, focusing on large-scale hydrogen production and storage, with plans for hydrogen refueling stations and mobile refueling stations[15] - The establishment of the first domestic liquid hydrogen plant is underway, aimed at enhancing hydrogen production and storage capabilities[15] - The company has formed partnerships with institutions such as the Beijing Aerospace Testing Technology Research Institute and Asahi Kasei to promote the industrialization of hydrogen energy[15] Miscellaneous - The company experienced a significant increase in other income, which rose by 106.20% to ¥19,251,010.69, mainly due to increased government subsidies[9] - The company's management expenses rose by 35.90% to ¥161,054,233.23, driven by increased depreciation and administrative costs[9] - The company's minority shareholders' equity increased by 42.20% to ¥86,539,720.89, reflecting growth in the performance of its subsidiary Baotou Xinda Mao Rare Earth Co., Ltd.[9] - The company did not undergo an audit for the third quarter report[27] - The report was released by the chairman, Zhou Yifeng, on October 25, 2021[28]