章源钨业(002378) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥782,216,229.38, representing a 43.95% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥56,086,484.70, a decrease of 4.27% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,924,057.12, an increase of 4.35% compared to the same period last year[5] - The company's basic earnings per share for Q3 2021 were ¥0.0607, a decrease of 4.26% year-on-year[5] - The net profit attributable to the parent company increased by 9,332.30 million yuan, a staggering growth of 2,093.57%, reflecting the overall improvement in the tungsten market and increased sales volume[22] - Net profit for the quarter was ¥93,887,137.88, a turnaround from a net loss of ¥2,129,635.60 in the previous year[59] - The total comprehensive income attributable to the parent company was CNY 93,522,093.11, a decrease of CNY 2,935,351.00 compared to the previous period[65] - Basic and diluted earnings per share were both CNY 0.1010, compared to a loss of CNY 0.0033 in the previous period[65] Cash Flow - The cash flow from operating activities showed a significant decline, with a net amount of ¥36,447,014.51, down 89.89% year-on-year[5] - The cash inflow from operating activities totaled 169,869.75 million yuan, up 21.93% year-on-year, indicating improved cash generation from core operations[33] - The cash outflow from operating activities increased by 62,952.87 million yuan, a rise of 60.96%, mainly due to higher procurement costs to meet increased sales orders[33] - Cash inflow from operating activities totaled CNY 1,698,697,489.88, an increase from CNY 1,393,158,326.33 in the previous period[66] - Cash outflow from operating activities was CNY 1,662,250,475.37, compared to CNY 1,032,721,838.65 in the previous period[66] - Net cash flow from operating activities was CNY 36,447,014.51, down from CNY 360,436,487.68 in the previous period[66] - The ending cash and cash equivalents balance was CNY 289,270,337.62, down from CNY 160,812,920.72 in the previous period[69] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,503,074,089.98, reflecting a 15.34% increase from the end of the previous year[7] - The company's total assets increased to ¥4,503,074,089.98, up from ¥3,904,307,172.62, indicating a growth of approximately 15.4%[51] - Total liabilities rose to ¥2,704,266,908.95, compared to ¥2,212,479,940.42 in the previous year, marking an increase of about 22.2%[51] - The company's long-term borrowings decreased by 11,930.73 million yuan, a decline of 39.59%, as a result of repayments and reclassification of certain borrowings[21] - Total assets amounted to $3,904,307,172.62, a slight decrease from $3,905,931,793.66[75] - Total liabilities reached $2,212,479,940.42, compared to $2,214,142,856.37 previously[79] Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,640[38] - The largest shareholder, Chongyi Zhangyuan Investment Holding Co., Ltd., holds 64.22% of shares, totaling 593,527,697 shares[38] - The top 10 shareholders include individuals with significant stakes, such as Chai Changmao with 12,080,000 shares[41] Operational Highlights - The company reported a significant increase in accounts receivable, which rose by 225.12% to ¥50,723.41 million compared to the beginning of the year[13] - The company recorded non-recurring gains of ¥8,162,427.58 for the reporting period, down from ¥22,619,196.96 in the previous year[11] - The company's investment expenditure decreased by 6,144.38 million yuan, a decline of 40.68%, attributed to reduced cash payments for fixed asset acquisitions[34] - The deferred income increased by 38,008.70 million yuan, a growth of 42.53%, due to government subsidies received for technology improvement projects[22] - The company's credit impairment loss increased by 715.61 million yuan, a rise of 55.75%, primarily due to the increase in accounts receivable and aging of certain receivables[29] - Research and development expenses for the quarter were ¥24,191,582.90, slightly down from ¥26,138,569.99 in the previous year[56] Future Outlook - Future outlook includes plans for market expansion and potential new product developments to sustain growth momentum[51]