同德化工(002360) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥141,693,455.08, a decrease of 52.86% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥22,152,715.49, down 54.86% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,172,234.03, a decline of 64.38% compared to the previous year[3] - The company reported a basic earnings per share of ¥0.0534, down 58.92% year-on-year[3] - Net profit for the third quarter of 2021 was ¥97,972,485.42, compared to ¥93,089,105.03 in the same period of the previous year, reflecting a year-over-year growth of approximately 5.1%[20] - Operating revenue for the third quarter of 2021 decreased to ¥553,568,312.57 from ¥627,492,630.30 in the previous year, representing a decline of about 11.8%[20] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥96,258,838.20, down from ¥121,232,922.21 in Q3 2020, indicating a decrease of about 20.6%[21] - Basic earnings per share for Q3 2021 were ¥0.2425, a slight decrease from ¥0.250 in Q3 2020, representing a decline of 3%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,990,097,741.51, an increase of 14.74% from the end of the previous year[3] - The total assets of the company reached ¥1,990,097,741.51, up from ¥1,734,499,871.41 at the end of 2020, showing a growth of approximately 14.8%[17] - The total current assets as of September 30, 2021, amounted to ¥980,690,469.90, slightly up from ¥978,472,892.82 at the end of 2020[16] - The company's total liabilities increased to ¥590,428,359.18 from ¥421,099,806.78 year-over-year, indicating a significant rise in financial obligations[17] - The company's total equity was CNY 1,313,400,064.63, with equity attributable to shareholders of the parent company at CNY 1,267,254,080.70[30] - Total liabilities reached CNY 421,099,806.78, with current liabilities at CNY 224,897,325.69 and non-current liabilities at CNY 196,202,481.09[29] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥57,125,809.94, a decrease of 4.44% compared to the previous year[3] - Operating cash flow for the period was ¥57,125,809.94, slightly down from ¥59,778,479.05 in the previous year, a decrease of approximately 4.4%[23] - Cash inflow from operating activities totaled ¥676,949,851.67, compared to ¥586,555,907.63 in the same period last year, representing an increase of about 15.4%[23] - The net cash flow from financing activities for Q3 2021 was ¥138,322,118.60, compared to ¥65,113,015.46 in Q3 2020, reflecting an increase of about 112%[25] Investments and Projects - The company has invested in a new project for producing 60,000 tons of fully biodegradable plastics (PBAT) and 240,000 tons of 1,4-butanediol (BDO) in Shanxi Province[12] - The total non-current assets increased to ¥1,009,407,271.61 from ¥756,026,978.59, indicating a growth of approximately 33.4%[16] - The company's long-term equity investments rose to ¥151,473,744.80 from ¥123,119,344.22, reflecting an increase of approximately 22.9%[16] Borrowings and Financial Obligations - The company’s short-term borrowings increased by 224.57% to ¥260,000,000, primarily due to new loans taken during the reporting period[8] - The company's short-term borrowings surged to ¥260,000,000.00 from ¥80,106,333.33, marking an increase of approximately 224.5%[17] Other Financial Information - The company has seen a significant increase in accounts receivable, with a year-end balance of ¥8,835,300, an increase of 503.88% from the beginning of the period[8] - The company's cash and cash equivalents decreased to ¥535,608,077.63 from ¥605,052,617.91, a decline of about 11.5%[15] - The total cash and cash equivalents at the end of the period were ¥535,608,077.63, down from ¥546,377,097.21 at the end of Q3 2020, a decrease of approximately 2.5%[25] - The company reported a decrease in other comprehensive income after tax to ¥14,004.63 from ¥26,890,511.27 in the previous year, a decline of about 99.9%[21] - The net cash flow from operating activities was impacted by an increase in cash paid to employees, which rose to ¥68,794,923.65 from ¥59,696,711.32, an increase of approximately 15.5%[23] Legal Matters - The company has ongoing litigation regarding a contract dispute with Beijing Jinse Century, with the first-instance judgment completed and the second-instance court currently reviewing the case[12] Audit Status - The company has not undergone an audit for the third quarter report[31]