SANY(SH:600031)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 20,590,332 thousand, a decrease of 13.14% compared to RMB 23,704,700 thousand in the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was RMB 2,493,122 thousand, down 35.32% from RMB 3,854,225 thousand year-on-year[5]. - The net profit after deducting non-recurring gains and losses was RMB 2,034,664 thousand, a decline of 39.42% compared to RMB 3,358,713 thousand in the previous year[5]. - Basic earnings per share for Q3 2021 was RMB 0.2957, a decrease of 35.00% from RMB 0.4549 in the same period last year[5]. - The weighted average return on net assets was 4.19%, down 3.20 percentage points from 7.41% year-on-year[5]. - Total operating revenue for the first three quarters of 2021 reached RMB 88.28 billion, a 20.2% increase from RMB 73.42 billion in the same period of 2020[15]. - Net profit for the first three quarters of 2021 was RMB 12.86 billion, slightly up from RMB 12.74 billion in the same period of 2020, representing a 1.0% increase[17]. - Earnings per share for the first three quarters of 2021 were RMB 1.49, slightly up from RMB 1.47 in the same period of 2020[18]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 126,254,548 thousand, an increase of 8.00% compared to the previous year[5]. - As of September 30, 2021, total assets reached RMB 136.60 billion, an increase from RMB 126.48 billion at the end of 2020, representing a growth of approximately 8.4%[13]. - Total liabilities stood at RMB 70.50 billion, compared to RMB 68.09 billion at the end of 2020, marking an increase of about 3.5%[14]. - The company's equity attributable to shareholders reached RMB 64.18 billion, up from RMB 56.72 billion, showing a growth of approximately 13.0%[14]. - Total current liabilities stand at 62,067,520, reflecting a slight increase[26]. - The company has minority interests amounting to 1,677,696[25]. Cash Flow - The company reported a net cash flow from operating activities of RMB 10,236,076 thousand year-to-date, a decrease of 7.61% compared to RMB 11,024,263 thousand in the previous year[9]. - The company reported a total cash inflow from operating activities of RMB 91.48 billion, compared to RMB 71.40 billion in the first three quarters of 2020, marking a 28.2% increase[19]. - Net cash inflow from operating activities for the first three quarters of 2021 was CNY 10,236,076, a decrease of 7.6% compared to CNY 11,079,237 in the same period of 2020[20]. - Cash inflow from financing activities reached CNY 29,533,303, an increase of 51.8% compared to CNY 19,456,768 in 2020[21]. - The net cash outflow from financing activities was CNY 1,813,529, worsening from a net outflow of CNY 1,106,617 in the same period last year[21]. Investments and Expenses - Research and development expenses increased to RMB 4.39 billion, a 48.0% rise compared to RMB 2.97 billion in the first three quarters of 2020[17]. - Sales expenses for the first three quarters of 2021 were RMB 5.12 billion, up 36.0% from RMB 3.77 billion in the same period of 2020[17]. - Total operating costs for the first three quarters of 2021 were RMB 75.59 billion, an increase of 26.5% from RMB 59.78 billion in the same period of 2020[15]. - The company's cash outflow for employee compensation rose to CNY 7,358,210, up from CNY 4,910,685 in the same period last year, indicating a 49.9% increase[20]. Strategic Focus - The company has been focusing on digitalization, internationalization, and electrification strategies, which have increased R&D investments[8]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17].