海象新材(003011) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥475,017,634.84, representing a 39.50% increase year-over-year, while the year-to-date revenue reached ¥1,301,406,327.40, up 42.33% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥24,323,379.30, a decrease of 54.69% year-over-year, with a year-to-date net profit of ¥76,934,234.50, down 47.83%[3] - The basic earnings per share for Q3 2021 was ¥0.24, reflecting a decline of 65.71% compared to the same period last year, while the diluted earnings per share also stood at ¥0.24[3] - Total operating revenue for Q3 2021 reached CNY 1,301,406,327.40, a significant increase of 42.3% compared to CNY 914,370,858.33 in the same period last year[23] - Operating profit for the period was CNY 80,808,052.54, down 50.2% from CNY 162,269,365.92 in Q3 2020[24] - Net profit attributable to the parent company was CNY 76,934,234.50, a decrease of 47.9% compared to CNY 147,478,186.71 in the previous year[24] - The company reported a total comprehensive income of CNY 74,798,916.08, compared to CNY 141,956,303.87 in the same period last year[25] - Basic and diluted earnings per share were both CNY 0.75, down from CNY 1.91 in Q3 2020[25] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥2,145,950,762.52, an increase of 23.16% from the end of the previous year[4] - Total liabilities increased to CNY 882,667,605.19, up from CNY 531,981,650.09 year-over-year[21] - Total equity attributable to shareholders reached CNY 1,263,283,157.33, compared to CNY 1,210,486,241.25 in the same period last year[21] - The company's current assets totaled CNY 1.20 billion, up from CNY 1.09 billion at the end of 2020, indicating an increase of approximately 9.4%[19] - The company’s fixed assets grew to CNY 481.48 million, up from CNY 442.03 million, indicating an increase of about 8.9%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥209,700,427.39, a significant decline of 199.79% compared to the previous year[9] - Cash inflow from operating activities was CNY 1,320,046,444.72, an increase from CNY 1,134,846,239.86 in Q3 2020[25] - The net cash flow from operating activities was -209,700,427.39 CNY, compared to a positive cash flow of 210,150,533.91 CNY in the previous year[27] - The total cash outflow from investing activities was 408,164,318.35 CNY, resulting in a net cash flow from investing activities of -75,628,950.21 CNY[27] - The net cash flow from financing activities was 263,876,474.91 CNY, down from 707,378,703.25 CNY in the previous year[28] - The total cash and cash equivalents at the end of the period were 322,179,659.18 CNY, a decrease from 833,828,448.56 CNY at the end of the previous year[28] Accounts Receivable and Inventory - The net accounts receivable increased by 96.20% to ¥306,615,510.35, primarily due to increased sales volume during the reporting period[8] - Accounts receivable rose significantly to CNY 306.62 million from CNY 156.28 million, reflecting an increase of about 96.1%[18] - Inventory levels rose by 59.44% to ¥416,138,170.34, attributed to increased raw material reserves and stock[8] - Inventory increased to CNY 416.14 million, compared to CNY 260.99 million, marking a growth of approximately 59.3%[19] Investments and Contracts - The company’s investment income surged by 836.42% to ¥3,171,456.45, primarily due to increased returns from financial products during the reporting period[9] - The company signed a construction contract for its subsidiary in Vietnam, with a total contract value of approximately CNY 197.68 million[14] - The company’s long-term investments in equity instruments were valued at CNY 35.01 million, reflecting a new addition to its asset portfolio[19] Borrowings and Costs - Short-term borrowings increased by 148.47% to ¥480,321,690.76, mainly due to an increase in credit borrowings during the reporting period[9] - The company experienced a 67.15% increase in operating costs, totaling ¥1,045,841,456.29, driven by higher sales volume and material costs[9] - The company’s short-term borrowings increased to CNY 480.32 million from CNY 193.31 million, representing a significant rise of approximately 148.5%[19] Research and Development - Research and development expenses amounted to CNY 35,243,576.40, up from CNY 27,497,761.29 in the previous year, reflecting a focus on innovation[23] Other Information - The company paid 136,084,736.69 CNY to employees and 28,162,578.35 CNY in taxes during the quarter[27] - The company did not require adjustments to the balance sheet for the new leasing standards as there were no right-of-use assets at the beginning of the year[29] - The third-quarter report was not audited[30]