RUIFENG CHEM(SZ:300243)2021-10-26 16:00Revenue and Profit - Revenue for Q3 2021 reached ¥438,850,331.22, an increase of 25.13% year-over-year, while year-to-date revenue totaled ¥1,360,670,490.62, up 55.67% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 51.47% in Q3 2021 to ¥14,163,954.78, with a year-to-date net profit of ¥87,486,313.31, reflecting a 44.72% increase[5] - Basic earnings per share for Q3 2021 was ¥0.06, down 50.00% year-over-year, while year-to-date earnings per share was ¥0.38, up 46.15%[5] - Total operating revenue for the third quarter reached ¥1,360,670,490.62, a significant increase of 55.7% compared to ¥874,098,649.03 in the same period last year[22] - Operating profit for the period was ¥104,212,044.25, up 39.2% from ¥74,776,652.99 year-over-year[22] - Net profit attributable to the parent company was ¥87,486,313.31, representing a 44.8% increase from ¥60,452,394.74 in the previous year[23] - Basic and diluted earnings per share both improved to ¥0.38, compared to ¥0.26 in the same quarter last year[24] - The company reported a total profit of ¥102,316,178.60, which is a 41.6% increase from ¥72,264,488.04 in the same quarter last year[23] Assets and Liabilities - Total assets increased by 40.65% from the end of the previous year to ¥1,852,459,225.27[6] - As of September 30, 2021, the total assets of Shandong Ruifeng High Polymer Materials Co., Ltd. reached CNY 1,852,459,225.27, an increase from CNY 1,317,092,667.59 at the end of 2020, representing a growth of approximately 40.5%[18] - The company's current assets amounted to CNY 1,071,634,834.16, up from CNY 774,898,382.52 at the end of 2020, indicating a growth of about 38.3%[19] - The company's total equity attributable to shareholders increased by 18.93% to ¥887,056,298.69 compared to the end of the previous year[6] - Total liabilities increased to ¥950,148,768.71, up from ¥554,582,117.98, indicating a rise of 71.2%[22] - The total liabilities of the company were not explicitly stated, but the increase in current liabilities, such as accounts payable, to CNY 112,479,090.04 from CNY 95,337,177.32, reflects a growth of about 18%[19] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of ¥73,737,659.37, a decrease of 358.96% compared to the previous year[11] - Cash inflow from operating activities was ¥946,842,313.61, compared to ¥674,712,654.33 in the previous year, marking an increase of 40.4%[26] - Cash paid for purchasing goods and services was ¥843,282,578.20, up from ¥513,424,622.98, reflecting a 64.2% increase[26] - The net cash flow from operating activities was -73,737,659.37 CNY, compared to 28,474,170.58 CNY in the previous year, indicating a significant decline[27] - Cash inflow from financing activities totaled 650,264,754.00 CNY, compared to 229,500,000.00 CNY in the previous year, showing a substantial increase[27] - The net cash flow from financing activities was 382,295,858.15 CNY, significantly higher than 18,171,168.11 CNY in the previous year[27] - The total cash and cash equivalents at the end of the period were 381,267,771.06 CNY, compared to 51,076,780.28 CNY at the end of the same period last year[27] Investments and Projects - The company reported a 71.76% increase in operating costs, totaling ¥1,110,934,282.22, due to higher sales volume[11] - The company’s investment income reached ¥430,673.58, attributed to returns from cash management products purchased by subsidiaries[11] - The company is currently engaged in the construction of a new 40,000 tons/year transparent MBS resin project and a 60,000 tons/year biodegradable polymer PBAT project[11] - The company issued 3.4 million convertible bonds with a total value of CNY 34,000,000.00, which began trading on October 18, 2021[16] Other Financial Metrics - Cash inflow from investment activities totaled 40,499,103.39 CNY, up from 473,418.45 CNY year-over-year[27] - The net cash flow from investment activities was -35,309,942.42 CNY, an improvement from -76,642,617.37 CNY in the same period last year[27] - The company received tax refunds amounting to ¥19,867,375.96, compared to ¥2,209,803.86 in the previous year, indicating a substantial increase[26] - The company reported a significant increase in other current assets to CNY 20,859,993.95 from CNY 2,432,594.45, marking a growth of approximately 759%[19] Audit and Compliance - The third-quarter report was not audited, which may affect the reliability of the financial data presented[29] - The company did not need to adjust the beginning balance sheet items due to the new leasing standards as there were no leasing transactions affecting the balance sheet[28]