禾盛新材(002290) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥519,523,519.76, a decrease of 0.05% compared to the same period last year, while year-to-date revenue increased by 33.08% to ¥1,645,745,019.39[3] - Net profit attributable to shareholders for Q3 2021 was ¥14,602,762.37, down 37.22% year-on-year, but year-to-date net profit increased by 57.50% to ¥80,143,762.25[3] - The basic earnings per share for Q3 2021 was ¥0.06, a decrease of 40.00%, while year-to-date earnings per share increased by 57.14% to ¥0.33[3] - Operating profit for Q3 2021 reached CNY 95,725,398.55, up from CNY 62,541,444.75 in the same period last year, reflecting a growth of 53.0%[20] - Total operating revenue for the period was CNY 1,553,554,270.24, compared to CNY 1,177,344,874.96 in Q3 2020, indicating a year-over-year increase of 32.0%[20] - Earnings per share for Q3 2021 were CNY 0.33, up from CNY 0.21 in the same quarter last year, reflecting a growth of 57.1%[21] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥1,635,647,618.39, representing a 12.95% increase from the end of the previous year[3] - The total assets as of September 30, 2021, amounted to CNY 1,635,647,618.39, up from CNY 1,448,142,513.88 at the end of 2020, reflecting growth in the company's asset base[17] - The total liabilities increased to CNY 1,112,799,831.72 from CNY 1,006,969,126.96, showing a rise in the company's financial obligations[17] - Current liabilities totaled ¥1,001,520,970.03, including short-term borrowings of ¥600,856,871.49 and accounts payable of ¥209,674,942.79[28] - Total liabilities reached ¥1,006,969,126.96, with non-current liabilities at ¥5,448,156.93[29] Equity - The company's equity attributable to shareholders increased by 18.51% to ¥522,847,786.67 compared to the end of the previous year[3] - The total equity attributable to shareholders increased to CNY 522,847,786.67 from CNY 441,173,386.92, reflecting a strengthening of the company's equity position[17] - Owner's equity was reported at ¥441,173,386.92, with a capital reserve of ¥1,125,676,287.26[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥90,304,498.77, an increase of 104.34% compared to the same period last year[8] - Cash flow from operating activities for Q3 2021 was CNY 90,304,498.77, significantly higher than CNY 44,192,482.81 in Q3 2020, marking an increase of 104.0%[22] - The company reported cash and cash equivalents at the end of Q3 2021 amounting to CNY 217,240,596.42, compared to CNY 170,134,780.91 at the end of Q3 2020, an increase of 27.7%[24] - Cash and cash equivalents increased to CNY 302,229,110.99 from CNY 253,527,560.07, demonstrating improved liquidity[15] Research and Development - Research and development expenses for the year-to-date period increased by 36.15% to ¥52,805,037.57, indicating a focus on innovation[8] - Research and development expenses increased to CNY 52,805,037.57, up from CNY 38,785,541.07, representing a growth of 36.1%[20] Borrowings - The company reported a significant reduction in short-term borrowings by 90.17% to ¥59,073,512.50, while long-term borrowings increased to ¥490,816,666.67[8] - The company’s short-term borrowings decreased significantly to CNY 59,073,512.50 from CNY 600,856,871.49, indicating a reduction in reliance on short-term debt[16] - The company raised CNY 549,000,000.00 through borrowings in Q3 2021, compared to CNY 59,900,000.00 in Q3 2020, showing a significant increase in financing activities[24] Inventory - The inventory level rose to CNY 474,605,539.15, compared to CNY 367,700,750.70 in the previous period, suggesting increased stock levels[15] - The company reported inventory of ¥367,700,750.70, indicating a significant asset base[27] Other Information - The company completed the registration of 5.1 million restricted stock grants at a price of CNY 3.91 per share, aimed at incentivizing employees[14] - The company has a deferred income tax asset of ¥6,211,919.68, which may provide future tax benefits[28] - The company has a negative retained earnings balance of -¥971,035,684.72, indicating accumulated losses[29] - The company has not undergone an audit for the third quarter report[30] - The company is implementing new leasing standards starting in 2021, which may affect future financial reporting[30] - The company’s actual controller's shares are under judicial freeze, posing a potential risk to the control of the company[14]