洪汇新材(002802) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥194,370,193.68, representing a 19.59% increase year-over-year, while the year-to-date revenue reached ¥565,363,038.74, up 51.29% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥17,525,296.61, a decrease of 42.36% year-over-year, with a year-to-date net profit of ¥58,211,875.53, down 14.24% from the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.16, reflecting a 42.86% decline compared to the same period last year, while the diluted earnings per share also stood at ¥0.16[3]. - Total operating revenue for the third quarter reached ¥565,363,038.74, a significant increase of 51.4% compared to ¥373,685,925.45 in the same period last year[27]. - Net profit for the quarter was ¥58,096,275.24, a decrease of 14.5% from ¥67,876,556.60 in the previous year[28]. - Earnings per share (EPS) for the quarter was ¥0.54, down from ¥0.63 in the same quarter last year[29]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥727,897,197.88, marking a 5.99% increase from the end of the previous year[3]. - The total assets increased to ¥727,897,197.88 from ¥686,733,411.97, reflecting a growth of 6.5%[28]. - The total liabilities increased to ¥135,434,252.80 from ¥104,409,447.33, reflecting a rise of 29.8%[28]. - The total current liability of the company was reported at ¥124,259,312.73, up from ¥92,070,772.54, which is an increase of approximately 35.0%[24]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥35,014,512.37, showing a significant decrease of 54.81% compared to the same period last year[3]. - Operating cash flow for the current period was ¥35,014,512.37, a decrease of 54.81% compared to ¥77,478,262.64 in the same period last year, primarily due to increased cash payments for goods and services[10]. - The net cash flow from operating activities for Q3 2021 was ¥35,014,512.37, a decrease of 54.9% compared to ¥77,478,262.64 in Q3 2020[32]. - The total cash inflow from investment activities was ¥523,865,578.38, down from ¥625,902,105.47 in the same period last year, representing a decrease of 16.3%[32]. - The net cash flow from investment activities increased significantly to ¥90,516,106.24, compared to ¥21,571,322.45 in Q3 2020, marking an increase of 319.5%[32]. - The net cash flow from financing activities improved by 30.13%, amounting to -¥53,147,578.14 compared to -¥76,061,448.00 in the previous year, primarily due to a decrease in dividend distribution during the reporting period[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,621[12]. - The largest shareholder, Xiang Hongwei, holds 53.61% of the shares, totaling 57,834,096 shares, with 26,500,000 shares pledged[12]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder holding only 1.65%[12]. - The company completed the cancellation of 465,000 shares of repurchased stock, reducing the total share capital from 108,336,000 shares to 107,871,000 shares, a decrease of approximately 0.43%[20]. - The company has approved the unlocking of 250,500 shares under the 2019 restricted stock incentive plan, representing 0.23% of the total share capital[18]. - The actual controller of the company, Xiang Hongwei, reduced his holdings by 569,104 shares, which is 0.53% of the total share capital[19]. Operational Developments - The company has completed the construction of a factory for the "annual production of 60,000 tons of water-based industrial paint base material - vinyl chloride copolymer emulsion" project, with a land use area of 49,030.00㎡ and a building area of 11,702.7㎡[15]. - The company has established a research and development center with an area of 3,677.81㎡ included in the property rights certificate for the project[15]. - The company has ongoing plans for market expansion and product development, as indicated by the completion of the factory and R&D center[15]. - The company has terminated the "60,000 tons/year water-based industrial paint base material - vinyl chloride copolymer emulsion project" and redirected the remaining fundraising to enhance operational liquidity[16]. - As of October 26, 2021, the remaining unused fundraising amount was ¥94,657,831.02, which was fully transferred to the company's own funds account[17]. Research and Development - Research and development expenses for the quarter were ¥18,650,828.02, slightly up from ¥17,549,689.88, indicating a focus on innovation[27]. Other Financial Metrics - The company's gross profit margin was impacted by an 84.14% increase in operating costs, primarily due to rising raw material prices[9]. - The company reported a 106.72% increase in accounts receivable, totaling ¥108,070,964.48, attributed to increased sales revenue during the reporting period[7]. - The company received government subsidies amounting to ¥528,023.59 during the reporting period, contributing to its non-operating income[5]. - The company experienced a 149.42% increase in cash and cash equivalents, reaching ¥123,310,106.29, due to the maturity of idle funds invested in financial products[7]. - The company’s investment income decreased by 42.55% to ¥3,176,017.29, primarily due to reduced returns from financial products[9]. - The total cash and cash equivalents at the end of Q3 2021 reached ¥119,348,106.29, up from ¥55,582,256.01 at the end of Q3 2020, indicating a growth of 114.3%[33].