扬帆新材(300637) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥157,382,177.22, representing a 56.61% increase compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,923,319.48, a significant decline of 614.04% year-over-year[3] - The net profit after deducting non-recurring gains and losses was also a loss of ¥2,796,272.34, down 1,494.50% from the previous year[3] - Total operating revenue for Q3 2021 reached ¥474,651,935.08, a 47.3% increase from ¥322,331,610.07 in Q3 2020[20] - Operating profit for Q3 2021 was ¥4,697,811.53, down 76.2% from ¥19,714,294.51 in the same period last year[20] - Net profit attributable to the parent company was ¥6,995,118.84, compared to ¥19,298,954.78 in Q3 2020, reflecting a decrease of 63.7%[21] - The company reported a comprehensive income total of ¥2,286,949.67 for Q3 2021, compared to ¥4,584,544.49 in the same quarter last year[21] - The company experienced a net profit margin of approximately 1.21% in Q3 2021, down from 5.99% in Q3 2020[20] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,319,802,413.31, reflecting a 7.11% increase from the end of the previous year[3] - The company's total current assets as of September 30, 2021, amounted to CNY 388,850,726.56, an increase from CNY 350,786,366.46 at the end of 2020[16] - The total assets of the company reached CNY 1,319,802,413.31, compared to CNY 1,232,225,820.64 at the end of 2020[16] - Total liabilities amounted to ¥545,336,241.75, an increase from ¥471,933,288.68 year-on-year[20] - The company's total equity reached ¥774,466,171.56, up from ¥760,292,531.96 in the previous year[20] Cash Flow - The cash flow from operating activities for the first nine months was ¥7,981,250.51, down 78.99% compared to the same period last year[3] - Operating cash inflow for the period reached ¥531,617,184.43, up from ¥382,118,889.61 in the previous period, representing an increase of approximately 39.2%[23] - Net cash flow from operating activities was ¥7,981,250.51, a decrease of 78.9% compared to ¥37,993,218.02 in the same period last year[23] - Cash outflow from investing activities totaled ¥168,435,032.78, compared to ¥148,293,961.20 in the previous period, indicating an increase of about 13.5%[25] - Net cash flow from investing activities was -¥113,390,161.26, an improvement from -¥148,258,961.20 year-over-year[25] - Cash inflow from financing activities amounted to ¥458,933,868.08, slightly up from ¥442,040,000.00 in the previous period, reflecting an increase of approximately 3.1%[25] - Net cash flow from financing activities was ¥83,770,141.21, an increase of 41.8% compared to ¥59,127,007.17 in the same period last year[25] - The ending balance of cash and cash equivalents was ¥30,820,247.89, down from ¥31,587,325.17 in the previous period[25] Production and Costs - The company's operating income for the first nine months of 2021 was ¥474,651,935.08, up 47.26% year-over-year, driven by increased production and sales from new projects[7] - The company experienced a 69.78% increase in operating costs, totaling ¥383,626,425.03, attributed to rising material prices and increased production[7] - The company's production base in Inner Mongolia is gradually ramping up, but production has not yet reached design capacity, affecting cost advantages[12] - The company is experiencing increased production costs due to rising prices of upstream raw materials for photoinitiators, which are expected to stabilize in Q4[12] - The company's "expansion and renovation" project and the first phase of the Inner Mongolia production base are progressing steadily, leading to increased financial costs[13] - The Inner Mongolia Yangfan Phase I project has entered trial production, with an annual capacity of 18,075 tons of fine chemicals[14] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,506[10] - Zhejiang Yangfan Holding Group Co., Ltd. holds 23.69% of shares, with 55,606,200 shares pledged at 35,960,000[10] Research and Development - Research and development expenses for Q3 2021 were ¥20,925,926.31, slightly up from ¥19,184,485.60 in Q3 2020[20] Pricing Strategy - The company is implementing a more flexible pricing strategy to increase market share, impacting short-term product margins[12] - The company anticipates that the value of ongoing projects will gradually materialize in Q4[12] Government Support - The company received government subsidies amounting to ¥290,418.24 during the reporting period, contributing to its financial performance[5] Earnings Per Share - Basic and diluted earnings per share for Q3 2021 were both ¥0.03, down from ¥0.08 in Q3 2020[21]