景兴纸业(002067) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥1,664,578,815.70, representing a 24.16% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥96,246,676.07, up 4.45% year-on-year, while the net profit excluding non-recurring gains and losses increased by 8.79% to ¥93,082,173.61[4] - Year-to-date revenue as of the end of Q3 2021 was ¥4,502,245,849.86, reflecting a 29.45% increase compared to the previous year[4] - Year-to-date net profit attributable to shareholders reached ¥361,106,786.24, a significant increase of 77.49% year-on-year[4] - Total operating revenue for the third quarter of 2021 reached CNY 4,502,245,849.86, an increase of 29.4% compared to CNY 3,478,094,889.23 in the same period of 2020[20] - Net profit for the third quarter of 2021 was CNY 381,302,137.91, representing a 78.7% increase from CNY 213,566,369.94 in the same quarter of 2020[21] - The total comprehensive income for the period was CNY 350,060,656.09, compared to CNY 203,850,377.13 in the previous period, representing an increase of approximately 71.5%[22] - Basic earnings per share increased to CNY 0.31 from CNY 0.18, reflecting a growth of 72.2%[22] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥7,637,126,312.85, a 4.74% increase from the end of the previous year[4] - The total assets as of September 30, 2021, were CNY 7,637,126,312.85, an increase from CNY 7,291,734,218.26 at the end of 2020[18] - Total liabilities decreased to CNY 2,118,769,335.84 from CNY 2,375,746,992.16 at the end of 2020, reflecting a reduction of 10.8%[18] - The total equity attributable to shareholders increased to CNY 5,343,891,745.02 from CNY 4,761,717,345.78, marking an increase of 12.2%[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥127,799,068.67, a decrease of 61.58% compared to the previous year[4] - Net cash flow from operating activities was CNY 127,799,068.67, down from CNY 332,658,365.88, indicating a decrease of 61.7%[25] - Cash inflow from operating activities totaled CNY 4,281,758,686.19, compared to CNY 3,492,166,665.30 in the previous period, an increase of 22.6%[25] - Cash outflow from investing activities was CNY 1,016,318,462.12, up from CNY 861,138,952.41, marking an increase of 18.1%[25] - The net cash flow from investing activities was -CNY 413,945,949.79, slightly improved from -CNY 478,036,045.47 in the previous period[25] - The company's cash and cash equivalents decreased to CNY 1,247,534,466.78 from CNY 1,575,613,747.10, a decline of 20.8%[16] - Cash and cash equivalents at the end of the period were CNY 1,226,417,562.08, down from CNY 1,518,012,303.62, a decrease of 19.2%[26] Investments and Projects - The company plans to invest in a project in Jiangsu Province with an annual production capacity of 2 million tons of packaging paperboard and household paper[13] - The company has signed an investment framework agreement with the Jiangsu Province management committee, but the formal investment contract has not yet been signed[13] - The construction progress of the 800,000-ton waste paper pulp project in Malaysia has been affected by pandemic-related restrictions, but efforts are being made to recruit workers to expedite the project[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 76,754[10] - As of September 30, 2021, the company has reduced the balance of convertible bonds to 998.74 million yuan (9,987,429 bonds) after conversion[13] Operational Metrics - Inventory increased by 32.02% compared to the beginning of the year, indicating a rise in stock levels[8] - The company reported a significant increase in accounts receivable, which rose to CNY 480,826,141.29 from CNY 449,527,550.20, an increase of 6.8%[16] - Research and development expenses for the third quarter of 2021 amounted to CNY 174,100,086.87, an increase of 23.0% compared to CNY 141,688,126.64 in the previous year[21] Other Information - The company reported a 100% increase in long-term borrowings, primarily due to loans for the household paper project[8] - Non-recurring gains and losses totaled ¥3,164,502.46 for the current period, with government subsidies contributing ¥1,331,488.43[6] - The weighted average return on equity was 1.84%, a decrease of 0.22% compared to the previous year[4] - The impact of exchange rate changes on cash and cash equivalents decreased by 11.52 times compared to the same period last year, mainly due to the translation of subsidiary financial statements[10] - The net increase in cash and cash equivalents decreased by 1.34 times compared to the same period last year, due to the previous year's convertible bond fundraising and an increase in inventory[10] - Financing activity cash inflow decreased by 72.74% compared to the same period last year, primarily due to funds raised from convertible bonds in the previous year[10] - Net cash flow from financing activities decreased by 1.03 times compared to the same period last year, mainly due to the previous year's convertible bond fundraising[10] - The company did not undergo an audit for the third quarter report[27] - The report was released by the board of directors on October 30, 2021[28]