*ST新纺(002087) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,457,198,685.86, an increase of 1.03% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥65,694,941.83, representing an increase of 18.43% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,561,262.74, up 36.27% compared to the previous year[3] - Total operating revenue for the third quarter of 2021 was approximately CNY 3.97 billion, an increase of 3.06% compared to CNY 3.86 billion in the same period of 2020[18] - Net profit for the third quarter of 2021 was approximately CNY 126.23 million, a decrease of 22.66% from CNY 163.22 million in the same quarter of 2020[19] - The total comprehensive income for the period was CNY 130,621,539.35, compared to CNY 168,148,578.99 in the previous period, representing a decrease of approximately 22.3%[20] - Basic and diluted earnings per share for the period were both CNY 0.1594, down from CNY 0.2084 in the previous period, indicating a decline of about 23.5%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥790,661,440.92, an increase of 40.93% year-on-year[3] - Net cash flow from operating activities was CNY 790,661,440.92, an increase of approximately 40.9% compared to CNY 561,047,924.86 in the previous period[23] - Cash inflow from operating activities totaled CNY 4,461,013,983.22, while cash outflow was CNY 3,670,352,542.30, resulting in a net cash flow of CNY 790,661,440.92[23] - Cash inflow from financing activities was CNY 2,576,700,000.00, compared to CNY 2,343,313,361.03 in the previous period, reflecting an increase of about 10%[24] - The net cash flow from financing activities was negative CNY 900,321,909.29, worsening from negative CNY 277,632,686.00 in the previous period[24] - The cash and cash equivalents at the end of the period were CNY 112,371,214.39, down from CNY 333,547,704.85 at the end of the previous period, a decrease of approximately 66.4%[24] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 4,334,166,879.52, compared to CNY 4,125,150,475.25 in the previous period, an increase of about 5.1%[22] - The company incurred cash payments for goods and services amounting to CNY 3,268,717,532.32, down from CNY 3,430,526,420.05 in the previous period, indicating a decrease of approximately 4.7%[23] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥9,767,508,005.38, a decrease of 4.09% from the end of the previous year[3] - The company's total assets as of September 30, 2021, were approximately CNY 9.77 billion, down from CNY 10.18 billion at the end of 2020, representing a decrease of 4.08%[16] - Total liabilities decreased to approximately CNY 5.30 billion as of September 30, 2021, from CNY 5.83 billion at the end of 2020, a reduction of 9.01%[16] - The company's cash and cash equivalents were approximately CNY 794.41 million, down from CNY 861.15 million at the end of 2020, reflecting a decrease of 7.74%[14] - Inventory levels decreased to approximately CNY 2.59 billion as of September 30, 2021, from CNY 3.16 billion at the end of 2020, a decline of 18.06%[14] Borrowings and Equity - The long-term borrowings increased by 103.97% compared to the beginning of the year, due to the addition of new long-term loans[7] - The company reported a significant increase in long-term borrowings, which rose to approximately CNY 751.46 million from CNY 368.41 million, marking a growth of 103.73%[16] - The total equity attributable to shareholders of the parent company increased to approximately CNY 4.38 billion, up from CNY 4.27 billion at the end of 2020, reflecting a growth of 2.59%[16] Research and Development - Research and development expenses for the third quarter of 2021 amounted to approximately CNY 108.57 million, compared to CNY 92.53 million in the same period last year, indicating a year-over-year increase of 17.34%[19] Other Notable Events - The company completed the acquisition of Changji Jinxiyu Cotton Industry Co., Ltd. for ¥39 million, which was finalized on August 13, 2021[11] - The company experienced a 75.35% decrease in credit impairment losses compared to the same period last year, due to reduced provisions for bad debts[7] - The weighted average return on equity for the year-to-date was 3.01%, an increase of 1.04% compared to the previous year[3] - The company did not adjust the initial balance sheet items for the new leasing standards implemented in 2021[25]