天禾股份(002999) - 2021 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2021 reached ¥3,147,900,793.81, an increase of 42.56% compared to the same period last year[5] - Net profit attributable to shareholders was ¥16,148,931.75, a significant increase of 239.43% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥9,226,857.44, up 650.51% from the previous year[5] - Total operating revenue for the third quarter reached CNY 9,538,692,477.59, an increase of 31.2% compared to CNY 7,268,517,027.74 in the same period last year[23] - Net profit for the period was CNY 121,491,365.38, representing a 28.0% increase from CNY 94,929,339.05 in the previous year[24] - The company reported a net profit attributable to shareholders of CNY 82,614,128.46, compared to CNY 69,746,545.64 in the same quarter last year, reflecting a growth of 18.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,475,147,042.95, reflecting a growth of 7.54% from the end of the previous year[5] - Total assets increased to CNY 5,475,147,042.95, up from CNY 5,091,193,439.88, indicating a growth of 7.5%[21] - The total liabilities amounted to CNY 3,863,837,188.20, a decrease of CNY 34,180,414.40 compared to the previous period[34] - The company reported a total asset value of CNY 5,091,193,439.88, with a total liability of CNY 3,523,565,578.96, indicating a healthy asset-liability ratio[33] Cash Flow - The company reported a cash flow deficit from operating activities of ¥974,044,319.40, a decrease of 227.60% compared to the previous year[5] - Operating cash inflow for the period reached CNY 9,367,234,102.75, an increase of 14.0% compared to CNY 8,216,840,991.98 in the previous period[28] - Net cash outflow from operating activities was CNY -974,044,319.40, worsening from CNY -297,320,435.18 in the same period last year[28] - Total cash inflow from financing activities was CNY 2,338,144,379.23, down 21.2% from CNY 2,966,964,030.83 in the previous period[29] - Cash and cash equivalents at the end of the period totaled CNY 521,450,754.70, down from CNY 869,280,799.37 at the end of the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,785[12] - Guangdong Yuehe Asset Management Co., Ltd. holds 30.25% of shares, totaling 105,140,000 shares[12] - The total number of shares listed for trading on September 3, 2021, was 137,340,000, accounting for 39.51% of the total share capital[15] Research and Development - The company’s R&D expenses increased by 50.04% to ¥1,082,210.15, attributed to seed research investments in collaboration with local government[10] - The company invested CNY 1,082,210.15 in research and development, up from CNY 721,285.83, reflecting a commitment to innovation[24] Inventory and Receivables - Accounts receivable increased by 796.31% to ¥384,544,069.71 due to growth in business scale and peak sales season[9] - Accounts receivable increased significantly to ¥384,544,069.71 from ¥42,903,224.42, indicating a substantial rise in credit sales[19] - Inventory as of September 30, 2021, is ¥1,918,774,184.68, up from ¥1,634,020,029.01, reflecting an increase of about 17.5%[19] Borrowings - Short-term borrowings rose by 62.17% to ¥1,299,979,179.38, driven by increased funding needs during the seasonal peak[10] - Long-term borrowings rose to CNY 180,199,166.67, with long-term payables increasing to CNY 470,000,000.00 from CNY 310,000,000.00, indicating a significant rise of 51.6%[21] Accounting Standards and Compliance - The third quarter report was not audited, indicating potential implications for the reliability of the financial data presented[36] - The company began implementing the revised accounting standards for leases in 2021, impacting financial reporting[34] - The company recognized an increase in "right-of-use assets" by CNY 31,693,548.14 due to the implementation of the new leasing standard[35] - Deferred tax assets increased by CNY 621,716.56 as a result of the new leasing standard[35] - Lease liabilities rose by CNY 34,180,414.40 following the adoption of the new leasing standard[35] - Unappropriated profits decreased by CNY 1,865,149.70 due to the cumulative effect of the new leasing standard[35]