永兴材料(002756) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥1,875,190,867.44, representing a 33.67% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2021 was ¥247,608,872.89, a significant increase of 172.97% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥209,111,174.73, up 173.41% year-over-year[3] - The net profit for the first nine months of 2021 was ¥550,354,317.65, a 116.61% increase compared to the same period in 2020, driven by strong sales in lithium battery new energy products[8] - For Q3 2021, the special steel new materials business recorded a net profit of CNY 137.58 million, and the lithium battery new energy business generated a net profit of CNY 110.03 million, resulting in a total net profit of CNY 247.61 million, a year-on-year increase of 172.97%[13] - The net profit for Q3 2021 was CNY 554,576,679.53, a significant increase of 117.5% compared to CNY 255,690,499.33 in Q3 2020[20] - The net profit attributable to the parent company was CNY 550,354,317.65, up from CNY 254,080,431.32, reflecting a growth of 116.7% year-over-year[20] - Basic earnings per share increased to CNY 1.38 from CNY 0.71, representing a growth of 94.4%[20] - The total comprehensive income for the period was CNY 554,521,485.15, compared to CNY 255,454,840.19 in Q3 2020, reflecting an increase of 117.5%[20] Assets and Equity - The total assets at the end of Q3 2021 amounted to ¥5,949,751,876.83, reflecting a 10.97% increase from the end of the previous year[3] - The company's equity attributable to shareholders increased to ¥4,668,416,191.65, a rise of 15.90% compared to the previous year[3] - As of September 30, 2021, the company's total current assets amounted to CNY 3.35 billion, up from CNY 2.98 billion at the end of 2020[16] - The company's equity attributable to shareholders rose to CNY 4,668,416,191.65, compared to CNY 4,027,802,074.28, reflecting a growth of 15.9%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥313,054,974.46, showing a 20.53% increase year-over-year[3] - Cash flow from operating activities was CNY 313,054,974.46, compared to CNY 259,724,794.63 in the same period last year, marking an increase of 20.5%[21] - Total cash inflow from operating activities reached CNY 4,091,651,289.47, up from CNY 3,182,243,975.32, indicating a growth of 28.6%[21] - Cash flow from investing activities showed a net outflow of CNY 96,700,247.05, a decrease from a net inflow of CNY 14,220,561.09 in the previous year[22] - Cash flow from financing activities generated a net inflow of CNY 148,631,291.48, down from CNY 378,878,931.16 in the same quarter last year[22] - The cash and cash equivalents at the end of the period amounted to CNY 1,776,778,234.06, up from CNY 1,301,060,406.22 at the end of Q3 2020[22] Business Operations - The company reported a significant increase in accounts receivable by 63.77% due to the substantial growth in lithium battery new energy business revenue[8] - The company has invested in several projects, including a lithium carbonate project and a high-pressure common rail project, leading to a 309.21% increase in construction in progress[8] - The company's dual business strategy of "new materials + new energy" is progressing smoothly, with a significant increase in profitability from the lithium battery new energy sector, contributing to a total net profit of CNY 550.35 million, a year-on-year increase of 116.61%[13] - In the first three quarters of 2021, the special steel new materials business achieved a product sales volume of 233,100 tons, while the lithium battery new energy business sold 8,158.4 tons of lithium carbonate[13] Shareholder Information - The top ten shareholders hold a combined 61.34% of the company's shares, with the largest shareholder, Gao Xingjiang, holding 37.74%[11] - The company has a total of 24,467 common shareholders as of the reporting period[11] Research and Development - Research and development expenses for the quarter amounted to CNY 149,209,778.15, an increase of 28.4% from CNY 116,224,583.06 in the previous year[19] Liabilities and Other Financial Metrics - The company's cash and cash equivalents were not explicitly stated, but the total liabilities decreased to CNY 1,209,379,394.20 from CNY 1,267,407,527.03, a reduction of 4.6%[18] - The net profit margin improved significantly, with the total profit reaching CNY 622,876,769.86, compared to CNY 313,608,039.33, an increase of 98.7%[19] - The company reported a decrease in accounts payable to CNY 510,146,144.48 from CNY 629,366,994.16, a decline of 18.9%[18] - Deferred income tax assets increased to CNY 36,421,959.27 from CNY 7,718,100.02, a substantial rise of 372.5%[18] Share Transfer and Strategic Divestment - The company completed the transfer of shares in Shanghai New Tai Yongkang Health Technology Co., Ltd., aligning with its focus on the dual business strategy[14] - The company has received the share transfer payment as of the reporting period, indicating successful execution of its strategic divestment[14] Other Financial Highlights - The total revenue for the third quarter of 2021 reached CNY 4,922,194,175.01, a significant increase of 35.3% compared to CNY 3,636,883,927.71 in the same period last year[19] - The operating profit for the period was CNY 624,138,884.81, up from CNY 316,156,885.97, reflecting a growth of 97.4% year-over-year[19] - Non-current assets totaled CNY 2,596,748,901.71, up from CNY 2,381,053,875.70, indicating an increase of 9.0%[18] - The company did not require adjustments to the balance sheet for the new leasing standards as there were no significant long-term leases at the beginning of the year[23]