2021-10-29 16:00Revenue and Profit - Revenue for Q3 2021 reached ¥985,958,552.41, an increase of 19.75% year-over-year, while year-to-date revenue was ¥2,642,161,075.64, up 14.76% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 26.26% in Q3 2021 to ¥50,781,546.46, and year-to-date net profit fell by 29.21% to ¥162,398,728.22[4] - The basic earnings per share for Q3 2021 was ¥0.06, down 25.00% year-over-year, and year-to-date earnings per share was ¥0.18, a decrease of 30.77%[4] - The net profit for the current period is 171,757,862.24, a decrease from 236,876,673.64 in the previous period, representing a decline of approximately 27.5%[22] - The total profit for the current period is 198,548,543.05, down from 298,509,804.59, indicating a decrease of about 33.5%[22] - Operating profit for the current period is 206,572,143.40, compared to 299,022,914.30 in the previous period, reflecting a decline of approximately 30.8%[22] - The total comprehensive income for the current period is 171,766,681.60, compared to 237,841,692.86 in the previous period, reflecting a decrease of about 27.8%[22] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥11,563,751,374.71, reflecting a 10.93% increase from the end of the previous year[4] - The total assets of the company reached CNY 11,563,751,374.71, compared to CNY 10,424,153,481.19 at the end of the previous year, marking an increase of about 10.9%[18] - The company's total liabilities were reported at CNY 5,986,331,907.27, up from CNY 5,050,514,481.81, reflecting a growth of approximately 18.5%[18] Cash Flow - The company reported a significant decrease in cash flow from operating activities, which was down 59.08% year-to-date to ¥256,341,301.95[4] - Cash flow from operating activities for the current period is 256,341,301.95, significantly lower than 626,425,189.13 from the previous period, a decrease of about 59.1%[25] - Cash flow from investing activities shows a net outflow of -1,092,376,809.31, worsening from -740,250,540.82 in the previous period[25] - Cash flow from financing activities has a net inflow of 719,130,675.88, compared to a net outflow of -389,813,052.81 in the previous period, indicating a significant improvement[25] Research and Development - The company increased its research and development expenditure by 48.32% to ¥14,260,270.48, indicating a focus on innovation[8] - Research and development expenses increased to CNY 99,592,897.45, up from CNY 79,968,773.91, indicating a commitment to innovation[19] Inventory and Borrowings - Inventory levels rose by 37.36% to ¥366,893,343.89, driven by increased sales of resource products and rising metal prices[8] - Long-term borrowings increased by 94.12% to ¥1,284,287,199.49, primarily due to additional bank loans for project construction[8] Market Position and Acquisitions - The company completed the acquisition of a 70% stake in Chenzhou Xiongfeng Environmental Technology Co., Ltd. for CNY 42,900,000, enhancing its position in the precious metal recovery sector[12] - The company plans to further integrate operations and optimize its resource recovery business following the acquisition, aiming for a stronger market position[12] Shareholder Information - The top ten shareholders include HKSCC NOMINEES LIMITED with 22.76% and Guangdong Guangsheng Holdings Group Co., Ltd. with 18.89% of shares[10] Other Financial Metrics - The company's cash and cash equivalents stood at CNY 547,893,045.24 as of September 30, 2021, down from CNY 661,656,688.47 at the end of 2020[15] - Accounts receivable increased to CNY 1,023,842,433.92, up from CNY 888,802,439.18, indicating a growth of approximately 15.2%[16] - The company's cash and cash equivalents at the end of the period amount to 536,682,976.35, down from 591,936,911.45 in the previous period[25] - The company reported a foreign exchange gain of 8,819.36 in the current period, compared to a gain of 965,019.22 in the previous period[22]