嘉欣丝绸(002404) - 2021 Q3 - 季度财报

Revenue and Profit - The company's revenue for Q3 2021 reached ¥988,449,088.86, representing a 54.06% increase year-over-year, while year-to-date revenue was ¥2,616,044,733.69, up 37.01% compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 82.30% in Q3 2021 to ¥15,947,962.50, and year-to-date net profit was ¥81,833,833.45, down 45.31% year-over-year[4]. - The company's total revenue for the current period was CNY 2,616,944,811.28, compared to CNY 1,909,322,132.87 in the same period last year, reflecting a growth of approximately 37.1%[22]. - Net profit for the third quarter was CNY 93,331,787.19, down from CNY 156,055,728.84, indicating a decline of about 40%[25]. - Basic earnings per share decreased to CNY 0.15 from CNY 0.26, a decline of approximately 42%[26]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥320,329,447.24, a decline of 222.74% year-over-year[4]. - The company reported a net cash flow from operating activities of -CNY 320,329,447.24, worsening from -CNY 99,253,819.78 in the previous year[28]. - Cash flow from financing activities increased significantly by 831.47%, amounting to a net inflow of ¥682,756,888.88, driven by increased borrowings[12]. - The cash inflow from investment activities was CNY 570,529,609.85, down from CNY 954,223,822.54, indicating a decrease of approximately 40%[28]. - The net cash flow from investment activities was -395,469,791.96 CNY, a significant decrease compared to -52,068,823.15 CNY in the previous year[30]. - The net cash flow from financing activities increased to 600,642,901.99 CNY, compared to -82,113,986.89 CNY in the same period last year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,837,902,700.67, an increase of 27.12% from the end of the previous year[4]. - Total current assets reached CNY 2,907,468,535.13, up from CNY 2,128,150,017.77 in the previous year[17]. - The total liabilities increased to CNY 1,997,035,977.19 from CNY 1,102,618,121.77, indicating a significant rise in financial obligations[21]. - The company's equity attributable to shareholders decreased to CNY 1,761,753,287.92 from CNY 1,840,552,968.28, reflecting a decline of approximately 4.3%[21]. - The total assets amounted to 3,019,126,677.85 CNY, with a slight increase in non-current assets to 890,976,660.08 CNY[33]. Inventory and Borrowings - The company's inventory increased by 42.22% year-over-year, amounting to an increase of ¥201,837,380.54, attributed to procurement[10]. - The company reported a significant increase in short-term borrowings, which rose by 121.12% to ¥795,904,969.79, indicating increased liquidity needs[10]. - Short-term borrowings surged to CNY 1,453,033,120.74, compared to CNY 657,128,150.95 at the end of 2020, representing a substantial increase[19]. - The total liabilities increased to CNY 1,997,035,977.19 from CNY 1,102,618,121.77, reflecting a growth of about 81%[23]. Operating Costs and Expenses - The company's gross profit margin was impacted by a 40.62% increase in operating costs, which rose by ¥638,491,224.81 due to higher sales volume[11]. - Total operating costs increased to CNY 2,461,418,160.12 from CNY 1,827,242,754.95, representing a year-over-year increase of approximately 35%[25]. - Research and development expenses rose to CNY 41,112,150.11 from CNY 34,716,593.44, an increase of about 18%[25]. Shareholder Information - The number of common shareholders at the end of the reporting period was 32,553[15]. - The top 10 shareholders held a combined 44.67% of the company's shares, with the largest shareholder, Zhou Guojian, owning 19.67%[15].