丰元股份(002805) - 2021 Q3 - 季度财报

Financial Performance - Revenue for Q3 2021 reached ¥232,905,253.58, an increase of 123.07% year-over-year, and cumulative revenue for the year was ¥546,822,724.74, up 105.00%[3] - Net profit attributable to shareholders was ¥15,997,450.48, a staggering increase of 2959.48% year-over-year, with a cumulative net profit of ¥38,693,703.66, up 882.78%[3] - Basic earnings per share for Q3 2021 were ¥0.09, reflecting a 2202.00% increase year-over-year, while diluted earnings per share were also ¥0.09[3] - Total operating revenue for Q3 2021 reached CNY 546.82 million, a significant increase of 105.5% compared to CNY 266.74 million in the same period last year[22] - Net profit for Q3 2021 was CNY 38.69 million, a substantial rise from CNY 3.94 million in Q3 2020, reflecting a growth of 880.5%[23] - Basic earnings per share increased to CNY 0.24, compared to CNY 0.03 in the previous year[24] Assets and Liabilities - Total assets increased to ¥1,503,102,837.80, a growth of 35.78% compared to the end of the previous year[3] - Total assets as of Q3 2021 amounted to CNY 1.50 billion, up from CNY 1.11 billion at the end of the previous year, marking a growth of 35.7%[20] - Total liabilities decreased to CNY 475.24 million from CNY 559.89 million, a reduction of 15.1%[20] - Total liabilities amount to ¥559,890,985.80[30] - Total equity attributable to shareholders is ¥547,096,060.21[30] - Total assets and liabilities combined amount to ¥1,106,987,046.01[30] Cash Flow and Financing - Operating cash flow net amount decreased by ¥124,565,427.25, a decline of 343.44% year-over-year, mainly due to increased accounts receivable and prepayments for raw materials[9] - The company’s financing activities generated a net cash inflow of ¥43,290,900, a significant increase of 1469.20% year-over-year, primarily from a private placement[9] - Cash inflow from financing activities totaled $521.33 million, significantly higher than $82.01 million in the previous period[26] - Net cash flow from financing activities was $403.44 million, compared to a net outflow of -$29.47 million in the previous period[26] - Cash and cash equivalents at the end of the period increased to $151.58 million, up from $13.69 million at the end of the previous period[26] Accounts Receivable and Inventory - Accounts receivable rose by ¥144,171,900, a 100.31% increase year-over-year, primarily due to significant sales growth in lithium battery cathode materials[7] - Accounts receivable rose significantly to RMB 287,895,594.57, up from RMB 143,723,657.72, indicating an increase of 100.1% year-over-year[18] - The inventory level as of September 30, 2021, was RMB 145,125,891.49, slightly down from RMB 145,836,988.36 at the end of 2020[18] Production and Investment Plans - The company has commenced mass production of its 5,000-ton lithium iron phosphate production line and 2,000-ton conventional ternary production line since October 2021[14] - The company plans to invest in a new production base for lithium battery cathode materials in Anqing, with an annual capacity of 50,000 tons, to be constructed in two phases[16] - The company has established a joint venture with Anhui Jintong New Energy Fund to invest in a new subsidiary in Anqing[15] - The company is currently preparing for land acquisition, equipment procurement, and personnel setup for the new production base project[16] Government Support and Other Income - The company received government subsidies amounting to ¥42,222.21 during the reporting period[5] - The company has utilized RMB 58 million of idle raised funds to supplement working capital as of the report date[15] Audit and Reporting - The report for the third quarter is unaudited[31]