Financial Performance - The company's revenue for Q3 2021 was ¥237,106,691.89, representing an increase of 8.19% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,801,158.25, a decrease of 157.76% year-on-year[3] - The net profit after deducting non-recurring gains and losses was a loss of ¥3,538,133.74, down 285.76% compared to the previous year[3] - The basic earnings per share were -¥0.0072, a decrease of 158.06% year-on-year[3] - The weighted average return on equity was -0.19%, a decrease of 0.53% compared to the previous year[3] - Total operating revenue for the first three quarters of 2021 reached 687.09 million yuan, an increase of 26.79% compared to 541.91 million yuan in the same period of 2020[19] - Total operating costs increased to 676.73 million yuan, up 29.63% from 522.03 million yuan year-on-year[19] - Operating profit for the period was 198.27 million yuan, representing a 102.52% increase from 97.90 million yuan in the previous year[22] - Net profit surged to 139.54 million yuan, a remarkable increase of 2121.16% compared to a net loss of 6.90 million yuan in the same period last year[25] - Total profit for the period reached 219.18 million yuan, a substantial increase of 394.80% from 44.30 million yuan in the same period last year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,375,876,931.38, an increase of 18.88% from the end of the previous year[4] - Total liabilities increased to ¥898,099,238.98 from ¥529,546,940.76, indicating a rise in financial obligations[41] - Total equity attributable to shareholders at the end of the reporting period was ¥1,450,401,787.65, an increase of 0.77% from the previous year[4] - Total current assets increased to ¥876,388,652.75 from ¥758,438,050.38 year-over-year[39] - The company reported a total asset value of ¥1,998,532,795.33 as of the end of Q3 2021, slightly down from ¥2,001,270,110.03 at the beginning of the year[51] - Total equity was reported at CNY 1,468,985,854.57, with the equity attributable to shareholders of the parent company amounting to CNY 1,439,274,404.41[54] Cash Flow - The cash flow from operating activities for the year-to-date was ¥952,283.16, an increase of 105.47%[3] - The net cash flow from operating activities increased by 1,836.42 million, a growth of 105.47% compared to the same period last year[28] - Cash received from sales of goods and services rose by 9,291.16 million, representing a 16.51% increase year-on-year[28] - The net cash flow from operating activities for Q3 2021 was ¥952,283.16, a significant improvement compared to a net outflow of ¥17,411,870.27 in Q3 2020[48] - Total cash inflow from operating activities reached ¥712,001,728.33, up from ¥593,742,938.19 in the same period last year, indicating a growth of approximately 20%[48] - The net cash flow from investment activities decreased by 22,986.51 million, a decline of 584.06% year-on-year[30] - The net cash flow from financing activities increased by 8,921.60 million, a growth of 99.78% year-on-year[31] Government Subsidies - Non-recurring gains included government subsidies totaling ¥718,423.68 for the year-to-date[5] - The company received various government subsidies, including ¥2,872,000.00 for supporting the real economy and ¥800,800.00 for air pollution prevention[7] - Other income increased by 115.20% to 51.12 million yuan, mainly due to higher government subsidies received[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,173[33] - The largest shareholder, Shi Weidong, holds 31.68% of shares, amounting to 124,159,350 shares, with 49,000,000 shares pledged[33] Investment and Expenses - Investment income rose significantly by 238.33%, amounting to 263.43 million yuan, driven by increased returns from equity method investments[22] - Sales expenses increased by 45.43% to 154.83 million yuan, primarily due to higher sales operational costs and advertising expenses[22] - Research and development expenses grew by 5.55% to 17.66 million yuan, reflecting ongoing investment in innovation[22] - Financial expenses decreased by 45.35% to 40.42 million yuan, attributed to reduced foreign exchange losses from the previous year[22] Changes in Assets - Cash and cash equivalents decreased by 4,788.71 million CNY, a decline of 18.33% compared to the beginning of the year[11] - Accounts receivable increased by 824.59 million CNY, representing a growth of 7.48% due to increased sales[11] - Inventory rose by 7,633.90 million CNY, a growth of 24.31% compared to the previous period[11] - Other receivables surged by 5,257.66 million CNY, a significant increase of 392.56% due to land guarantee payments[11] - Prepayments increased by 898.40 million CNY, a growth of 102.53% driven by rising raw material prices[11] - Long-term borrowings increased by 3,494.99 million CNY, a rise of 172.65% due to new bank loans[16] Audit and Reporting - The third-quarter report was not audited, indicating that the figures may be subject to change upon final audit[55] - The company has implemented new leasing standards since January 1, 2021, affecting the financial reporting[55]
德力股份(002571) - 2021 Q3 - 季度财报