BCC(SZ:002455)2021-10-14 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥1,035,145,276.75, representing an increase of 83.11% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥42,949,632.01, up 90.64% year-on-year, while the net profit excluding non-recurring items surged by 166.20% to ¥38,915,070.72[3]. - Total operating revenue for the first nine months of 2021 reached CNY 3,035,219,438.06, a 97.31% increase compared to CNY 1,538,287,952.29 in the same period of 2020[9]. - Net profit for the first nine months of 2021 was CNY 130,363,363.88, representing a 293.86% increase from CNY 33,098,873.27 in the previous year[9]. - Net profit for Q3 2021 reached CNY 130,363,363.88, compared to CNY 33,098,873.27 in Q3 2020, marking a growth of 294.5%[27]. - The company’s total profit for Q3 2021 was CNY 138,872,491.95, significantly higher than CNY 42,634,577.67 in Q3 2020, indicating an increase of 225.5%[26]. Assets and Liabilities - The total assets of the company as of the end of Q3 2021 amounted to ¥6,683,456,371.67, reflecting a growth of 33.50% from the end of the previous year[3]. - The company's total liabilities increased by 41.07% to ¥4,399,813,807.06, primarily due to the rise in current liabilities[8]. - The total liabilities and equity increased by 33.50% to CNY 6,683,456,371.67, mainly due to an increase in current liabilities[9]. - The company's total current assets amounted to CNY 2.41 billion, up from CNY 1.83 billion at the end of 2020, indicating a growth of about 31.5%[21]. - The total liabilities increased to CNY 4.40 billion from CNY 3.12 billion, reflecting a rise of approximately 41.1%[23]. Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net amount of ¥16,073,328.34, down 84.06% year-to-date[3]. - Cash inflow from operating activities totaled CNY 2,582,721,714.42, an 82.56% increase from CNY 1,414,705,576.89 in the previous year[10]. - Cash outflow from operating activities was CNY 2,566,648,386.08, a 95.35% increase compared to CNY 1,313,891,337.93 in the same period of 2020[10]. - Cash flow from operating activities generated a net amount of CNY 16,073,328.34 in Q3 2021, down from CNY 100,814,238.96 in Q3 2020[29]. - Cash flow from investing activities showed a net outflow of CNY 1,172,917,039.11 in Q3 2021, compared to a net outflow of CNY 873,892,618.09 in Q3 2020[30]. - Cash flow from financing activities resulted in a net inflow of CNY 1,076,580,397.70 in Q3 2021, up from CNY 542,821,663.52 in Q3 2020[30]. Earnings Per Share - The basic earnings per share increased to ¥0.08, a 100.00% rise compared to the same period last year, while diluted earnings per share reached ¥0.07, up 75.00%[3]. - The basic earnings per share for the first nine months of 2021 was CNY 0.24, a 300.00% increase from CNY 0.06 in the same period of 2020[9]. - The company reported basic earnings per share of CNY 0.24 for Q3 2021, compared to CNY 0.06 in Q3 2020[27]. Inventory and Receivables - Inventory levels rose by 74.71% to ¥750,139,299.83, attributed to increased production for the Ningxia project and rising raw material prices[8]. - The company reported a significant increase in other receivables, which rose by 478.50% to ¥7,299,593.95, mainly due to an increase in export tax rebates[8]. Research and Development - Research and development expenses increased by 72.35% to CNY 67,245,122.26, primarily due to the consolidation of Haiji New Energy's R&D expenses[9]. - Research and development expenses increased to CNY 67,245,122.26 in Q3 2021 from CNY 39,016,256.10 in Q3 2020, reflecting a rise of 72.3%[26]. Investment and Projects - The company plans to invest in a project with an annual production capacity of 20,000 tons of iron phosphate and 6,000 tons of lithium iron phosphate, which is expected to enhance market competitiveness and risk resistance[14]. - The new project for 30,000 tons of neopentyl glycol and 50,000 tons of trimethylolpropane is currently in the equipment installation phase, indicating progress in expanding production capacity[15]. - The company has initiated trial production for a project with an annual capacity of 5,000 tons of graphite anode materials, which is part of its diversification strategy in the chemical and new materials sectors[15]. - The company has established an investment fund with the Ningxia Industrial Guidance Fund to support project construction and enhance capital strength, with a total investment of 4 billion RMB planned for the subsidiary[16][17]. - Following a capital increase, the registered capital of Ningxia Baichuan New Materials will rise from 300 million RMB to 1.29 billion RMB, with the company holding a 68.99% stake[17]. - The company has extended the investment period with the Ningxia Industrial Guidance Fund from 3 years to 5 years to better support project development[18].