亚太科技(002540) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥1,441,766,302.60, representing a 46.11% increase year-over-year[4] - Net profit attributable to shareholders decreased by 19.77% to ¥84,845,880.00 for the quarter, while year-to-date net profit increased by 13.34% to ¥277,460,721.92[4] - The net profit excluding non-recurring items for Q3 2021 was ¥82,161,427.03, a 25.93% increase compared to the same period last year[4] - Revenue for the first nine months of 2021 reached ¥4,271,655,587.69, a 66.53% increase compared to ¥2,565,086,642.92 in the same period of 2020, driven by increased sales volume and rising aluminum prices[11] - Net profit for the current period was ¥277,488,768.34, representing a 13.3% increase from ¥244,804,755.78 in the same period last year[34] - Basic and diluted earnings per share were both ¥0.2238, compared to ¥0.1927 in the previous year, reflecting a growth of 16.0%[36] - The total comprehensive income for the current period was ¥277,481,323.20, compared to ¥244,745,282.61 in the previous year, marking an increase of 13.3%[37] Assets and Liabilities - The company's total assets as of September 30, 2021, were ¥5,626,884,642.02, reflecting a 6.06% increase from the end of the previous year[4] - The total current assets as of September 30, 2021, amounted to CNY 3,520,170,700.19, compared to CNY 3,322,582,574.26 at the end of 2020[21] - The total assets as of September 30, 2021, were CNY 5,626,884,642.02, compared to CNY 5,305,595,798.62 at the end of 2020[30] - Total liabilities amounted to 676,644,884.90, a decrease from 686,642,234.86[50] - Non-current liabilities totaled 52,871,652.08, compared to 62,869,002.04 previously[50] - The total liabilities remained stable at approximately $623.77 million, indicating consistent liability management[47] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of ¥385,062,209.89, a decrease of 264.82% year-over-year[4] - Net cash flow from operating activities decreased by 264.82% to -¥385,062,209.89, down from ¥233,629,271.18, mainly due to significant increases in raw material purchases and accounts receivable[11] - Cash flow from operating activities totaled ¥4,059,413,987.05, an increase of 60.7% from ¥2,524,563,001.09 in the prior period[38] - The company reported a significant increase in cash paid for operating activities, totaling $4.44 billion, compared to $2.29 billion previously, indicating higher operational costs[41] - The company’s cash outflow for investment activities was $2.97 billion, an increase from $2.26 billion, reflecting aggressive investment strategies[41] - Cash inflow from investment activities totaled $3.15 billion, up from $2.33 billion, reflecting an increase in investment recovery[41] - The net cash flow from investment activities was $182.10 million, compared to $63.28 million previously, showing improved investment returns[41] - Cash flow from financing activities generated a net amount of $21.94 million, a recovery from a negative $258.34 million in the prior period, indicating better financing conditions[41] Operating Costs and Expenses - Operating costs increased by 72.87% to ¥3,642,885,095.13, up from ¥2,107,284,108.69, primarily due to increased production and rising material prices[11] - R&D expenses rose by 50.35% to ¥145,182,973.09, compared to ¥96,562,788.89 in the previous year, reflecting increased investment in new product development[11] - The company reported a significant decrease in other income by 71.01% to ¥6,716,685.82, down from ¥23,169,955.85, mainly due to reduced government subsidies[11] - Investment income for the current period was ¥27,496,621.55, down 14.0% from ¥32,275,416.54 in the previous period[31] - Tax expenses for the current period were ¥34,560,828.61, down 26.0% from ¥46,617,528.57 in the previous period[34] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 56,601, with the largest shareholder holding 39.07% of the shares[16] - The company reported a total of 1,307,502,496.98 in undistributed profits[50] - Total equity attributable to shareholders reached 4,628,950,913.72, remaining unchanged[50] Government Subsidies and Contracts - The company received government subsidies amounting to ¥1,360,135.82 during the quarter, primarily for employment stabilization and talent rewards[7] - The company’s contract liabilities increased by 227.90% to ¥24,674,171.09, due to the new revenue recognition standards[8] Inventory and Prepayments - The company's inventory increased by 58.74% to ¥696,284,359.66, attributed to rising aluminum and alloy prices[8] - The company reported a 101.79% increase in prepayments to ¥120,251,306.70, mainly due to payments to suppliers for which invoices have not yet been received[8] Strategic Focus - The company is focusing on high-quality and sustainable development, targeting markets in the automotive, aerospace, and air conditioning industries[20] - The company aims to enhance its market position in downstream applications, particularly in new energy vehicles and lightweight automotive materials[20] - The company is actively advancing the construction of projects, including a 65,000-ton aluminum material project for new energy vehicles, with steady progress in equipment debugging and customer certification[20] Other Financial Information - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[50] - The third quarter report was not audited[51]