瑞丰新材(300910) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥189,723,347.32, a decrease of 25.13% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥31,601,886.00, down 45.28% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥31,512,428.89, a decrease of 44.27% compared to the previous year[3]. - The company's basic earnings per share for Q3 2021 were ¥0.21, down 59.48% compared to the same period last year[3]. - The weighted average return on equity decreased to 1.52%, down 4.54% year-on-year[3]. - The total profit for the period was 155,124,714.26, compared to 150,680,906.48 in the previous year, reflecting an increase of approximately 3%[31]. - The tax expenses for the quarter were 19,497,511.48, down from 21,508,052.83, indicating a decrease of about 9.3%[31]. Cash Flow - The cash flow from operating activities showed a net amount of ¥21,309,796.95, reflecting a significant decline of 83.52% year-on-year[3]. - The net cash flow from operating activities for the first three quarters of 2021 was ¥21,309,796.95, a decrease of 83.52% compared to ¥129,271,287.59 in the same period of 2020[11]. - The net cash flow from investing activities was -¥130,936,386.02, a decline of 158.22% from ¥224,916,135.57 year-on-year, primarily due to increased purchases of structured deposits and land investments[11]. - The net cash flow from financing activities was -¥123,109,660.22, a significant drop of 298.57% compared to -¥30,888,097.36 in the previous year, mainly due to cash dividend payments[11]. - The net increase in cash and cash equivalents was -¥233,520,375.88, representing a decrease of 172.63% from an increase of ¥321,535,424.08 in the same period last year[11]. - The company reported a cash outflow of CNY 120,000,000.00 for dividend distribution and interest payments[36]. - The net cash flow from financing activities was CNY -123,109,660.22, indicating a decrease in cash due to financing activities[36]. Assets and Liabilities - The company's total assets as of September 30, 2021, were ¥2,314,801,038.02, representing a slight increase of 0.50% from the end of the previous year[3]. - The total assets of the company as of September 30, 2021, were CNY 2,314,801,038.02, slightly up from CNY 2,303,332,450.80 at the end of 2020, showing a marginal increase of about 0.5%[22]. - The company's total liabilities were CNY 222,214,284.70, a decrease from CNY 226,393,285.29 year-on-year, indicating a reduction of about 1.0%[26]. - The total liabilities were CNY 226,393,285.29, with current liabilities at CNY 226,393,285.29[40]. - The company's total liabilities and equity amounted to CNY 2,303,332,450.80[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,735, with the top ten shareholders holding a combined 65.74% of shares[12]. - Guo Chunxuan, the largest shareholder, held 37.22% of shares, totaling 55,833,133 shares[12]. - China Petroleum & Chemical Corporation held 15.00% of shares, amounting to 22,500,000 shares[12]. - The company has a total of 112,500,000 restricted shares at the beginning of the period, with no shares released or added during the reporting period[18]. - The total number of shares remained at 150,000,000[42]. Research and Development - The company reported a 73.21% increase in R&D expenses, totaling ¥27,299,918.87, indicating a focus on innovation and development[9]. - Research and development expenses increased to 27,299,918.87, up from 15,761,281.57, reflecting a growth of approximately 73.5%[31]. Inventory and Receivables - The company experienced a 112.05% increase in inventory, amounting to ¥229,654,709.34, attributed to strategic adjustments and supply chain challenges[6]. - Inventory as of September 30, 2021, was CNY 229,654,709.34, significantly higher than CNY 108,303,631.12 at the end of 2020, representing an increase of about 112.3%[20]. - The company reported accounts receivable of CNY 110,161,383.34, slightly up from CNY 107,113,134.54, indicating a growth of approximately 2.9%[20]. - The company’s other receivables decreased to CNY 825,689.68 from CNY 938,715.03, reflecting a decline of about 12.0%[20]. Other Income and Expenses - The company reported a significant increase in other income, with a rise of 1809.77% in non-operating income, totaling ¥551,354.55[9]. - The company reported other income of 551,354.55, significantly higher than 28,870.23 in the previous year, marking an increase of over 1800%[31]. - The financial expenses showed a significant increase, with interest expenses recorded at 17,238.43 compared to a much lower figure in the previous year, indicating a rise in financial costs[31]. Expansion and Strategy - The company is focusing on increasing procurement to mitigate rising raw material costs and ensure production supply[11]. - The company is also investing in new land and property acquisitions as part of its expansion strategy[11].