翔丰华(300890) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥308,089,423.29, representing a year-on-year increase of 155.44%[3] - Net profit attributable to shareholders for Q3 2021 was ¥13,796,223.58, up 15.47% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥11,152,423.74, reflecting an 8.64% increase year-on-year[3] - The company's operating revenue for the first nine months of 2021 reached CNY 689,968,490.90, a year-on-year increase of 108.21% driven by the booming demand in the new energy vehicle sector[10] - Total operating revenue for Q3 2021 reached CNY 689,968,490.90, a significant increase of 108.3% compared to CNY 331,386,894.43 in the same period last year[25] - Operating profit for the period was CNY 65,267,302.76, up 47.0% from CNY 44,417,398.84 in Q3 2020[25] - Net profit attributable to the parent company was CNY 56,494,822.30, representing a 42.5% increase from CNY 39,690,163.78 in the previous year[26] - The company reported a total comprehensive income of CNY 56,319,447.13 for the quarter, compared to CNY 39,690,163.78 in the previous year, an increase of 42.0%[26] Assets and Liabilities - The total assets as of September 30, 2021, amounted to ¥1,978,227,834.46, a 27.11% increase from the end of the previous year[4] - The company's total assets amounted to CNY 1,978,227,834.46, up from CNY 1,556,347,490.74, reflecting a growth of 27.0% year-over-year[25] - The total liabilities increased to CNY 887,934,527.48, up from CNY 532,629,333.90 year-over-year, indicating a growth of 66.7%[25] - The total liabilities increased to RMB 1,281,266,859.94, compared to RMB 1,058,352,348.51 at the end of 2020, reflecting a growth of approximately 21%[22] Cash Flow - The company reported a net cash flow from operating activities of ¥18,133,974.67, which is a significant increase of 205.46% year-to-date[3] - The net cash flow from operating activities improved significantly to CNY 18,133,974.67, a 205.46% increase compared to the same period last year, primarily due to increased sales collections[11] - Cash inflow from operating activities was CNY 455,343,779.27, compared to CNY 279,870,945.54 in the same period last year, marking a growth of 62.8%[28] - The company's cash and cash equivalents decreased by CNY 39,261,656.30, ending the period with CNY 125,690,666.89[29] Expenses - Operating costs increased to CNY 523,436,000.23, reflecting a 124.81% rise due to higher sales volume and increased raw material costs[10] - Research and development expenses grew by 81.29% to CNY 20,130,877.50, as the company resumed R&D activities following effective pandemic control measures[10] - Research and development expenses for the quarter were CNY 20,130,877.50, an increase from CNY 11,104,062.67 in Q3 2020, reflecting a growth of 81.5%[25] - The company’s management expenses increased by 144.79% to CNY 29,936,803.35, driven by stock incentive costs and increased operational expenses[10] Incentives and Stock - The company granted 5 million restricted stocks to 76 eligible participants as part of its incentive plan, with a total share-based payment expense of ¥10,255,703.01 for Q3 2021[4] - The company approved a stock incentive plan with a total share-based payment expense of RMB 10,255,703.01 for the current period[19] Other Financial Metrics - The weighted average return on equity for the year-to-date was 5.38%, an increase of 1.56% compared to the same period last year[3] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.5649, compared to CNY 0.5292 in Q3 2020[27] - Total equity attributable to shareholders reached CNY 1,080,468,682.15, up from CNY 1,023,718,156.84, indicating a growth of 5.5%[25] Government Support - The company received government subsidies amounting to ¥2,366,071.23 during the reporting period, contributing to its non-recurring gains[6] Investments and Subsidiaries - The company is in the process of establishing a subsidiary in Pengxi County, with an annual production capacity of 60,000 tons of graphite anode materials, which is currently in the construction phase[18] Audit and Compliance - The company has not undergone an audit for the third-quarter report, which may affect the reliability of the financial data presented[35]