通用股份(601500) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,053,644,488.37, a decrease of 2.61% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥1,007,676.17, representing a decline of 101.87% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥7,867,650.11, down 114.61% from the previous year[6]. - The basic and diluted earnings per share were both -¥0.0009, a decrease of 101.51% compared to the same period last year[8]. - The weighted average return on equity was -0.02%, a decrease of 101.57 percentage points year-on-year[8]. - Total operating revenue for the first three quarters of 2021 reached CNY 3,213,963,506.95, an increase from CNY 2,460,691,921.02 in the same period of 2020, representing a growth of approximately 30.5%[31]. - Total operating costs for the first three quarters of 2021 were CNY 3,217,239,786.44, compared to CNY 2,414,138,891.38 in 2020, indicating an increase of about 33.2%[34]. - Operating profit for the first three quarters of 2021 was CNY 29,729,805.51, a decrease from CNY 87,132,226.60 in the previous year[34]. - The total profit for the current period is 31,672,693.64, compared to 85,803,700.15 in the previous period, indicating a significant decrease[38]. - The net profit attributable to shareholders of the parent company is 31,720,028.37, down from 85,803,700.15 in the previous period[38]. - The total comprehensive income for the current period is -115,153,735.65, compared to 29,913,290.77 in the previous period, reflecting a substantial decline[40]. - Basic and diluted earnings per share are both 0.03, down from 0.10 in the previous period[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,542,926,380.21, an increase of 11.98% from the end of the previous year[8]. - The equity attributable to shareholders was ¥4,307,645,483.30, up 17.30% compared to the end of the previous year[8]. - Non-current assets totaled CNY 4,985,311,074.20, slightly up from CNY 4,946,571,923.34 year-over-year[31]. - Total assets increased to CNY 8,542,926,380.21 from CNY 7,628,969,634.33, reflecting a growth of approximately 11.9%[31]. - Current liabilities amounted to CNY 3,003,821,441.89, a slight decrease from CNY 3,051,233,333.13 in the previous year[31]. - Long-term borrowings rose to CNY 1,156,299,646.53 from CNY 833,691,594.12, marking an increase of about 38.8%[31]. - The company's total liabilities reached CNY 4,234,348,231.64, compared to CNY 3,956,634,048.09 in the previous year, indicating an increase of approximately 7.0%[31]. - The company's equity attributable to shareholders was CNY 4,307,645,483.30, up from CNY 3,672,335,586.24, representing a growth of about 17.3%[31]. Cash Flow - The cash flow from operating activities showed a significant decline of 99.25% year-on-year, totaling ¥1,116,357.53[6]. - Cash inflow from operating activities is 2,940,780,580.96, an increase from 2,304,643,267.00 in the previous period[40]. - Cash outflow from operating activities totals 2,939,664,223.43, compared to 2,156,470,256.34 in the previous period[43]. - The net cash flow from operating activities is 1,116,357.53, a decrease from 148,173,010.66 in the previous period[43]. - The net cash flow from investing activities is -602,142,619.92, worsening from -215,997,691.84 in the previous period[43]. - The net cash flow from financing activities is 1,175,062,160.50, compared to 243,464,127.85 in the previous period, indicating a positive trend[43]. - The ending cash and cash equivalents balance is 775,228,645.89, up from 333,875,879.24 in the previous period[43]. Operational Developments - The company attributed the decrease in net profit to rising production costs, freight charges, and taxes, as well as impacts from the global pandemic and supply chain issues[14]. - The company established a wholly-owned subsidiary, General Rubber (USA) Co., Ltd., in July 2021, with a registered capital of USD 1 million, focusing on the sales and trade of rubber and rubber products[22]. - In August 2021, the company renamed its wholly-owned subsidiary from Wuxi Qianlima Tire Sales Co., Ltd. to Wuxi Tongyun Tire Sales Co., Ltd., with no other changes reported[22]. - The company aims to complete the construction of a high-performance intelligent all-steel radial tire project, with an expected completion date around December 2021[22]. - The company is targeting full production capacity for its Thailand high-performance radial tire project by the fourth quarter of 2021[22]. Shareholder Information - The company reported a pledge of 428,900,000 shares by its major shareholder, Red Bean Group Co., Ltd., which holds 50.23% of the shares[19]. - The company’s major shareholders include Wuxi Red Bean International Investment Co., Ltd., holding 1.86% of the shares, and other significant investors with varying percentages[19]. Inventory and Receivables - Accounts receivable increased to RMB 825,720,456.82 from RMB 555,244,097.52 year-over-year, reflecting a growth of about 48.7%[26]. - Inventory levels rose to RMB 1,498,652,399.74 compared to RMB 1,453,148,989.32 at the end of 2020, indicating an increase of approximately 3.1%[26]. - The total current assets reached RMB 3,557,615,306.01, up from RMB 2,682,397,710.99, marking a growth of around 32.5%[26]. Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 82,387,895.64, compared to CNY 64,976,718.43 in 2020, reflecting an increase of approximately 26.5%[34].