DFAC(SH:600006)2021-10-29 16:00Financial Performance - Total revenue for Q3 2021 was ¥3,358,290,121.10, a decrease of 7.90% compared to the same period last year[5] - Net profit attributable to shareholders was ¥9,618,962.69, down 95.10% year-on-year[5] - Basic and diluted earnings per share were both ¥0.0048, reflecting a 95.10% decrease compared to the previous year[7] - The weighted average return on equity decreased by 2.42 percentage points to 0.12%[7] - Total operating revenue for the first three quarters of 2021 reached ¥12,201,715,252.25, an increase of 20.7% compared to ¥10,107,119,998.39 in the same period of 2020[27] - Net profit attributable to shareholders of the parent company was ¥513,990,962.83, up from ¥490,283,299.12 in the previous year, reflecting a growth of 4.0%[29] - The company reported a profit before tax of ¥510,247,578.20, compared to ¥406,389,334.65 in the previous year, indicating a growth of 25.6%[29] - The total comprehensive income attributable to the parent company was CNY 513,990,962.83, an increase from CNY 490,283,299.12 in the same period last year, representing a growth of approximately 4.5%[32] - Basic and diluted earnings per share were both CNY 0.2570, up from CNY 0.2451 in the previous year, indicating an increase of about 4.0%[32] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,241,413,689.28, indicating a significant cash outflow[5] - Cash inflow from operating activities totaled CNY 12,806,741,440.45, compared to CNY 10,687,765,430.50 in the same period last year, reflecting a growth of approximately 19.8%[35] - Cash outflow from operating activities was CNY 14,048,155,129.73, an increase from CNY 10,695,201,757.18, resulting in a net cash flow from operating activities of CNY -1,241,413,689.28, compared to CNY -7,436,326.68 last year[35] - Cash inflow from investment activities was CNY 725,379,382.70, down from CNY 4,203,964,544.20 in the previous year, indicating a decrease of approximately 82.7%[35] - Cash outflow from investment activities totaled CNY 1,300,744,235.75, compared to CNY 4,457,904,168.06 last year, resulting in a net cash flow from investment activities of CNY -575,364,853.05[35] - Cash inflow from financing activities was CNY 101,014,215.08, while cash outflow was CNY 170,186,292.00, leading to a net cash flow from financing activities of CNY -170,186,292.00[37] - The ending balance of cash and cash equivalents was CNY 2,957,913,605.68, down from CNY 3,155,176,813.65 in the previous year[37] - The company reported a significant increase in cash received from sales of goods and services, amounting to CNY 12,006,687,140.24, compared to CNY 10,547,656,050.69 last year, marking a growth of approximately 13.8%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,927,415,830.38, a decrease of 1.17% from the end of the previous year[7] - The total assets of the company were reported at ¥19,927,415,830.38, down from ¥20,163,001,445.19, a decrease of approximately 1.2%[27] - The company's cash and cash equivalents were reported at CNY 3,536,338,943.90, down from CNY 5,540,328,485.58 year-over-year[18] - Accounts receivable totaled CNY 4,520,259,384.81, compared to CNY 4,720,830,060.54 in the previous year, indicating a decrease of approximately 4.23%[18] - The inventory value was CNY 2,050,714,455.76, down from CNY 2,527,823,230.47, reflecting a decline of about 18.88%[22] - The total current liabilities were CNY 15,305,886,118.37, slightly down from CNY 15,364,870,754.41[22] - The total liabilities decreased to ¥11,490,962,998.64 from ¥12,071,164,811.99, a reduction of approximately 4.8%[27] - The company's total equity increased to ¥8,436,452,831.74, compared to ¥8,091,836,633.20, marking a growth of 4.3%[27] - The total equity attributable to shareholders increased by 4.45% to ¥8,163,955,648.66 compared to the previous year[7] Operational Insights - The company attributed the decline in net profit to decreased industry sales, rising raw material prices, and lower earnings from joint ventures[10] - Government subsidies received during the period amounted to ¥5,716,786.91, contributing to other income[10] - The company reported a long-term equity investment of CNY 1,554,984,510.39, down from CNY 1,631,975,629.98[22] - The total non-current assets decreased to CNY 4,621,529,712.01 from CNY 4,798,130,690.78, a decline of approximately 3.69%[22] - Dongfeng Motor Corporation's financial report did not indicate any new product launches or significant market expansion strategies during the quarter[20] - The report highlighted no significant mergers or acquisitions during the reporting period, focusing instead on internal financial management[20] - Research and development expenses for the third quarter amounted to ¥292,028,663.99, slightly down from ¥302,075,590.64 in the same quarter of the previous year[27] - The total cost of operations for the first three quarters was ¥12,056,806,760.36, an increase of 22.5% from ¥9,832,820,515.64 in 2020[27] - The company plans to continue expanding its market presence and investing in new technologies to enhance competitiveness[28] - The company did not apply the new leasing standards starting from 2021, indicating a continuation of previous accounting practices[39]