江天化学(300927) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥169,265,859.35, representing a 71.47% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥13,783,959.10, an increase of 10.38% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,848,533.13, up 12.66% from the previous year[3]. - Total operating revenue for the third quarter reached CNY 517,776,754.75, a significant increase of 67.2% compared to CNY 309,753,526.80 in the same period last year[19]. - Net profit for the period was CNY 54,648,125.18, representing a 28.7% increase from CNY 42,477,086.33 in the previous year[21]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥713,756,357.73, a decrease of 6.23% from the end of the previous year[3]. - The company's total assets decreased to CNY 713,756,357.73 from CNY 761,139,421.79, a decline of 6.2%[18]. - Total liabilities decreased to CNY 138,617,475.92 from CNY 223,806,665.16, a reduction of 38.1%[18]. - The company's equity attributable to shareholders increased to CNY 575,138,881.81 from CNY 537,332,756.63, an increase of 7.0%[18]. Cash Flow - The company reported a net cash flow from operating activities of -¥24,761,311.43, a decline of 176.32% compared to the same period last year[3]. - The cash flow from operating activities showed a significant increase, with cash received from sales reaching CNY 406,564,009.50, compared to CNY 283,691,797.98 in the previous year[23]. - Total cash inflow from operating activities was 412,274,534.56, while cash outflow was 437,035,845.99, resulting in a net cash flow deficit[25]. - Cash flow from investing activities showed a net outflow of -46,112,968.91, compared to -9,669,797.90 in the previous year[25]. - Cash flow from financing activities resulted in a net outflow of -53,883,558.93, compared to -44,118,671.92 in the same period last year[26]. Costs and Expenses - The company's gross profit margin was impacted by rising raw material prices, leading to an increase in operating costs by 78.45% year-on-year[9]. - Total operating costs amounted to CNY 455,963,771.34, up 73.6% from CNY 262,710,568.56 year-on-year[19]. - The company experienced a significant increase in sales expenses by 46.15% due to higher performance bonuses and storage costs[9]. - Research and development expenses for the quarter were CNY 5,086,972.67, compared to CNY 4,589,790.22 in the previous year, reflecting a growth of 10.9%[19]. - The company reported a total of 27,859,042.97 in cash paid to employees, an increase from 21,568,757.50 in the previous year[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,919[12]. - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., holds 37.53% of shares, totaling 30,100,000 shares[12]. - The total number of restricted shares at the end of the period is 60,150,000, with 1,034,962 shares released from restriction during the period[15]. Future Plans and Developments - The company plans to expand its production capacity for formaldehyde and related products, which is expected to contribute to revenue growth[9]. - The company received a notification in July 2021 regarding relocation and upgrading, aimed at promoting ecological development and supporting the high-end specialty chemical industry[13]. - The company plans to gradually complete the relocation as new factories are built, impacting the implementation of fundraising projects[13]. - The company is assessing the impact of the relocation on its operational strategy and fundraising projects[13]. Inventory and Investments - As of September 30, 2021, total current assets amount to 366,320,170.32 RMB, while total non-current assets are 347,436,187.41 RMB[16]. - The company reported cash and cash equivalents of 159,964,060.82 RMB, a decrease from 284,897,171.62 RMB in the previous period[16]. - Inventory increased to 40,310,474.67 RMB from 31,558,981.69 RMB in the previous period, indicating a growth of approximately 27.5%[16]. - The company has a long-term equity investment of 13,000,000 RMB[16]. - The company reported an investment income of CNY 69,496.86, indicating positive returns from its investments[21]. Miscellaneous - The basic earnings per share for Q3 2021 was ¥0.1719, down 17.20% year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.6814, slightly down from CNY 0.7062 in the same quarter last year[22]. - The ending balance of cash and cash equivalents was 159,964,060.82, down from 284,897,171.62 at the beginning of the period[26]. - The company did not adjust the beginning balance sheet items due to the new leasing standards as the leases involved were short-term[27]. - The third-quarter report was not audited[28].