JIANGNAN CHEMICAL(002226)2021-10-25 16:00Revenue and Profit - Revenue for the third quarter reached 1.26 billion yuan, a year-on-year increase of 15.10%[3] - Net profit attributable to shareholders of the listed company for the third quarter was 191.72 million yuan, up 3.98% year-on-year[3] - Revenue for the reporting period was 3,622,349,578.97 yuan, an increase of 33.97% year-over-year, driven by the recovery of operations and steady growth across industries[7] - Total operating revenue for the period reached 3,622,349,578.97 yuan, a significant increase from the previous period's 2,703,818,066.99 yuan[18] - Net profit attributable to the parent company's owners was 521,463,339.73 yuan, compared to 395,055,305.21 yuan in the prior period[19] Assets and Liabilities - Total assets as of the end of the reporting period were 12.89 billion yuan, an increase of 2.54% compared to the end of the previous year[3] - Total assets increased to RMB 12,891,141,706.32 as of September 30, 2021, compared to RMB 12,572,399,683.86 at the end of 2020[15] - Total liabilities decreased to RMB 5,284,339,211.95 as of September 30, 2021, from RMB 5,527,477,111.33 at the end of 2020[15] - Shareholders' equity increased to RMB 7,606,802,494.37 as of September 30, 2021, compared to RMB 7,044,922,572.53 at the end of 2020[17] - Total liabilities amount to 5,527,477,111.33 RMB, with current liabilities at 2,083,212,658.98 RMB and non-current liabilities at 3,444,264,452.35 RMB[30] - Long-term borrowings stand at 2,730,274,714.60 RMB, contributing significantly to non-current liabilities[30] - Lease liabilities are reported at 535,396,649.57 RMB, reflecting the impact of the new leasing standards[30] - Total owner's equity is 7,044,922,572.53 RMB, with equity attributable to the parent company at 6,337,941,327.45 RMB[30] - The company's total assets and liabilities combined equal 12,572,399,683.86 RMB[30] Cash Flow - Cash flow from operating activities decreased by 49.55% to 317,324,872.43 yuan, mainly due to prepayments for materials and longer receivables cycles in the new energy sector[7] - Cash flow from investing activities was -334,834,383.27 yuan, a decrease of 79.43%, driven by increased equity investment payments and engineering deposits[7] - Cash flow from financing activities improved by 335,648,628.81 yuan to -78,858,882.15 yuan, supported by increased net financing and the recovery of bank acceptance guarantees[7] - Net cash flow from operating activities decreased to 317.32 million yuan from 628.99 million yuan in the previous period[24] - Net cash flow from investing activities was -334.83 million yuan, compared to -186.61 million yuan in the previous period[24] - Net cash flow from financing activities was -78.86 million yuan, an improvement from -414.51 million yuan in the previous period[25] - Total cash and cash equivalents at the end of the period were 773.58 million yuan, down from 869.95 million yuan at the beginning of the period[25] - Cash received from sales of goods and services totaled 3,129,541,268.95 yuan, up from 2,370,570,300.25 yuan in the previous period[23] - Total cash inflows from operating activities reached 3,187,980,613.68 yuan, compared to 2,418,928,588.33 yuan in the prior period[23] - Cash paid for goods and services was 1,871,498,398.88 yuan, a significant increase from 1,014,967,280.26 yuan in the previous period[23] - Payments to employees and for employee benefits increased to 437.19 million yuan from 336.23 million yuan[24] - Payments for taxes increased to 318.34 million yuan from 226.09 million yuan[24] - Cash outflows for operating activities totaled 2.87 billion yuan, up from 1.79 billion yuan[24] - Cash inflows from financing activities increased to 824.43 million yuan from 197.17 million yuan[24] - Cash outflows for investing activities increased to 364.91 million yuan from 254.67 million yuan[24] Expenses and Costs - Cost of sales increased by 37.25% to 2,231,468,791.72 yuan compared to the same period last year, due to the resumption of operations post-COVID-19[7] - R&D expenses surged by 82.89% to 75,831,650.86 yuan, reflecting the company's increased focus on technological innovation[7] - Operating costs amounted to 2,920,487,190.91 yuan, up from 2,172,577,247.76 yuan in the previous period[18] - Research and development expenses increased to 75,831,650.86 yuan from 41,462,034.90 yuan in the prior period[18] - Sales expenses rose to 76,559,987.38 yuan, up from 51,962,980.52 yuan in the previous period[18] - Management expenses increased to 358,639,785.48 yuan, compared to 274,036,639.50 yuan in the prior period[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,198, with no preferred shareholders[10] - Northern Special Energy Group holds the largest share at 19.70%, with 521,869,961 shares[10] - Dunan Holding Group holds 14.40% of shares, totaling 381,468,679 shares, all of which are pledged[10] - The company issued 900,348,489 new shares, increasing the total share capital to 2,648,922,855 shares[12] - The company's total share capital increased to 2,648,922,855 shares after the issuance of new shares[12] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the reporting period amounted to 37.57 million yuan[5] - Government subsidies received during the reporting period totaled 4.97 million yuan[5] - The fair value change income from holding shares of Xuefeng Technology was 36.86 million yuan[5] - Fair value change gains amounted to 52,189,200.00 yuan, an increase of 86,174,356.00 yuan, primarily due to the rise in stock price of Xuefeng Technology[7] Accounts Receivable and Prepayments - Accounts receivable financing at the end of the reporting period was 303.63 million yuan, an increase of 48.74% compared to the beginning of the year[4] - Prepayments at the end of the reporting period were 372.59 million yuan, an increase of 313.26% compared to the beginning of the year[4] - Accounts receivable increased to RMB 2,424,875,769.62 as of September 30, 2021, from RMB 1,899,949,557.80 at the end of 2020[15] Short-Term Borrowings and Contract Liabilities - Short-term borrowings at the end of the reporting period were 791.22 million yuan, an increase of 295.52% compared to the beginning of the year[4] - Contract liabilities at the end of the reporting period were 87.16 million yuan, an increase of 146.99% compared to the beginning of the year[4] - Short-term borrowings increased significantly to RMB 791,217,178.01 as of September 30, 2021, from RMB 200,043,466.65 at the end of 2020[15] Fixed Assets and Monetary Funds - Fixed assets decreased to RMB 5,280,419,680.48 as of September 30, 2021, from RMB 6,124,482,987.31 at the end of 2020[15] - Monetary funds decreased to RMB 838,449,292.12 as of September 30, 2021, from RMB 1,047,716,725.89 at the end of 2020[14] Subsidiaries and Acquisitions - The company acquired several subsidiaries, including 100% of Northern Blasting Technology Co., Ltd., and 90% of Guangxi Jinhua Civil Explosive Materials Co., Ltd.[12] Earnings Per Share - Basic earnings per share stood at 0.2259 yuan, consistent with diluted earnings per share[20] Leasing Standards and Auditing - The company has not applied the new leasing standards retrospectively to prior period comparative data[31] - The third-quarter report has not been audited[31] Total Assets and Liabilities Stability - Total assets remained stable at 12.57 billion yuan, with no significant changes in major asset categories[29]