BJLE(SZ:002392)2021-10-22 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥1,305,369,864.26, representing a year-on-year increase of 16.04%[3] - The net profit attributable to shareholders was ¥142,684,551.34, a slight increase of 0.45% compared to the same period last year[3] - Total operating revenue for the third quarter reached ¥3,796,028,917.51, an increase of 18.0% compared to ¥3,216,800,456.25 in the same period last year[20] - Net profit for the period was ¥384,295,899.57, representing a growth of 2.0% from ¥373,582,747.99 in the previous year[21] - Earnings per share (EPS) for the quarter was ¥0.322, compared to ¥0.314 in the same quarter last year, reflecting a 2.5% increase[22] - The company reported a total comprehensive income of ¥385,325,414.78, compared to ¥373,518,559.84 in the same period last year, an increase of 3.1%[22] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline, with a net outflow of ¥98,781,191.40, down 772.46% year-on-year[3] - Cash flow from operating activities was ¥1,975,986,149.19, down from ¥2,151,902,702.46 in the previous year, indicating a decrease of 8.2%[24] - The total cash outflow for operating activities was 2,331,162,944.98 CNY, compared to 2,226,593,988.36 CNY previously[25] - The company’s cash and cash equivalents decreased to RMB 403,260,282.88 from RMB 407,648,425.15, a decline of about 1.0%[16] - The ending balance of cash and cash equivalents was 87,342,779.47 CNY, down from 143,120,585.37 CNY at the beginning of the period[26] - The company received tax refunds amounting to 22,552,247.32 CNY during the quarter[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,831,352,569.77, reflecting a growth of 10.18% from the end of the previous year[3] - The company’s total liabilities as of September 30, 2021, were RMB 2,182,029,718.73, compared to RMB 1,936,151,750.91 at the end of 2020, reflecting an increase of about 12.7%[17] - The company’s non-current assets amounted to RMB 1,651,865,617.73, slightly up from RMB 1,608,508,446.07 at the end of 2020, indicating a growth of approximately 2.7%[17] - Current assets totaled RMB 5,179,486,952.04, up from RMB 4,591,442,726.56 at the end of 2020, indicating an increase of about 12.8%[16] - The company’s accounts payable decreased to RMB 631,498,796.56 from RMB 714,113,684.97, showing a reduction of approximately 11.5%[17] Operational Metrics - Accounts receivable increased by 46.33% year-to-date, primarily due to expanded sales and decreased collection rates[8] - The company experienced a 1514.83% increase in credit impairment losses, driven by a substantial rise in accounts receivable and increased bad debt provisions[8] - The company reported a 67.38% decrease in selling expenses compared to the same period last year, attributed to changes in accounting standards[8] - Investment income decreased by 70.43% year-on-year, mainly due to reduced financial returns and a significant prior-year gain from equity transfer[8] - Research and development expenses increased to ¥202,596,982.87, up 14.5% from ¥177,015,335.46 year-on-year, indicating a focus on innovation[21] Corporate Actions and Legal Matters - The company plans to issue up to 80 million shares at a price of RMB 3.32 per share, aiming to raise approximately RMB 26,560,000[13] - The company’s subsidiary, Luoyang Lier Functional Materials Co., has initiated legal proceedings against Pan Hai Holdings for a breach of contract regarding a RMB 153 million share transfer[14] Audit and Reporting - The company did not undergo an audit for the third quarter report[27] - The report was issued by the board of directors on October 23, 2021[28]