合兴包装(002228) - 2021 Q3 - 季度财报

Financial Performance - Revenue for Q3 2021 reached ¥4,453,975,150.43, an increase of 34.71% compared to the same period last year, and a year-to-date revenue of ¥12,667,873,687.59, up 56.96% year-on-year[5] - Net profit attributable to shareholders for Q3 2021 was ¥53,865,619.16, a decrease of 32.32% year-on-year, with a year-to-date net profit of ¥204,738,357.50, down 5.99%[5] - Basic earnings per share for Q3 2021 was ¥0.05, a decline of 16.67% compared to the same period last year, with a year-to-date EPS of ¥0.17, down 5.56%[5] - Operating profit for Q3 2021 was ¥196.95 million, down 26.0% from ¥265.54 million in Q3 2020[27] - Net profit for Q3 2021 was ¥218.09 million, a decrease of 10.4% compared to ¥243.29 million in the same quarter of the previous year[27] Cash Flow and Liquidity - Operating cash flow for the year-to-date period increased by 58.32% to ¥226,201,286.91, indicating improved cash generation from operations[5] - The cash inflow from operating activities reached ¥11,611,855,394.79, a significant increase of 73.5% compared to ¥6,713,014,368.68 in the previous period[31] - The net cash flow from operating activities was ¥226,201,286.91, up 58.2% from ¥142,875,426.24 in the prior period[31] - The cash outflow for investing activities totaled ¥501,412,966.52, compared to ¥391,902,254.95 in the previous period, indicating an increase of 28.1%[32] - The net cash flow from financing activities was ¥114,908,945.14, down 48.5% from ¥223,243,786.94 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,512,197,422.45, reflecting a 16.99% increase from the end of the previous year[6] - Total assets increased to ¥9.51 billion, up 17.0% from ¥8.13 billion year-over-year[24] - Total liabilities rose to ¥5.78 billion, an increase of 33.1% from ¥4.34 billion in the previous year[24] - Current liabilities totaled ¥3,665,035,400.81, remaining unchanged from the previous period[36] - Non-current liabilities were reported at ¥675,262,947.73, a decrease of ¥63,122,522.49 compared to the previous period[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,248, with the largest shareholder holding 32.07% of the shares[13] - The total number of shares held by the top ten shareholders includes a significant stake of 397,173,280 shares held by Xinjiang Xinghui Equity Investment Management Partnership[16] - The second phase of the share repurchase plan has resulted in the buyback of 14,397,702 shares for a total amount of RMB 51,481,271.80, reflecting the company's commitment to shareholder value[18] Research and Development - Research and development expenses increased by 75.45% year-on-year, indicating a significant increase in investment in new product development[12] - Research and development expenses for Q3 2021 were ¥220.11 million, representing a 75.5% increase from ¥125.45 million in Q3 2020, highlighting the company's commitment to innovation[26] Inventory and Receivables - The accounts receivable increased to RMB 3,476,438,079.95 from RMB 2,987,358,551.07, representing a rise of about 16.3% year-over-year[22] - The inventory value rose to RMB 1,758,763,215.74, compared to RMB 1,399,770,453.46 at the end of 2020, indicating an increase of approximately 25.7%[22] Strategic Initiatives - The company has invested approximately RMB 5.1 billion in the Xingtang Intelligent Environmental Packaging Project, with the main engineering completed and progress on schedule[17] - The Longtai Intelligent Environmental Packaging Project has received an investment of about RMB 4.6 billion, with project progress also on track[18] - The company has established a strategic focus on environmental packaging solutions, aligning with market trends towards sustainability[17] Other Financial Metrics - The company reported a significant increase in prepayments, which rose to RMB 165,317,512.96 from RMB 72,469,449.96, marking a growth of approximately 128.3%[22] - The cash and cash equivalents as of September 30, 2021, were RMB 696,851,424.14, slightly up from RMB 691,507,988.99 at the end of 2020[22] - The total cash and cash equivalents at the end of the period were ¥400,315,336.46, compared to ¥360,977,091.70 at the end of the previous period, reflecting an increase of 10.5%[32] Audit Status - The third quarter report was not audited[39]