航天机电(600151) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,594,397,227.74, representing a year-on-year increase of 5.16%[7] - The net profit attributable to shareholders for Q3 2021 was a loss of ¥3,005,334.49, a decrease of 130.41% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was a loss of ¥10,675,498.50, a decrease of 233.05% year-on-year[7] - Total revenue for the first three quarters of 2021 reached ¥4,369,294,640.47, a slight increase from ¥4,341,041,125.53 in the same period of 2020, representing a growth of approximately 0.65%[56] - The net profit for the third quarter of 2021 was a loss of ¥22.77 million, an improvement from a loss of ¥117.04 million in the same quarter of 2020[60] - The operating profit for the third quarter of 2021 was a loss of ¥22.24 million, compared to a loss of ¥144.68 million in the same period last year[60] - The company reported a total comprehensive loss of ¥145.06 million for the third quarter of 2021, compared to a loss of ¥161.31 million in the same quarter of 2020[60] - The basic and diluted earnings per share for the third quarter of 2021 were both -¥0.0098, an improvement from -¥0.0646 in the same quarter of 2020[60] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,615,620,189.18, a decrease of 0.25% compared to the end of the previous year[9] - The total assets amounted to ¥10,615,620,189.18, slightly down from ¥10,642,481,547.51, a decrease of approximately 0.25%[54] - Total liabilities increased to ¥4,812,893,933.33 from ¥4,696,490,366.92, representing an increase of about 2.48%[54] - The total liabilities rose from 4,696,490,366.92 CNY to 4,950,757,349.66 CNY, an increase of 254,266,982.74 CNY[72] - The total equity attributable to shareholders decreased to ¥5,358,455,862.16 from ¥5,468,045,008.20, reflecting a decline of about 2.01%[54] - The total owner's equity was reported at 5,945,991,180.59 CNY, consistent with the previous period[72] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥112,995,850.78[9] - The cash flow from operating activities for the first three quarters of 2021 was ¥112.99 million, a significant recovery from a negative cash flow of ¥206.45 million in the same period of 2020[65] - The net cash inflow from operating activities in the third quarter of 2021 was ¥4.55 billion, compared to ¥4.37 billion in the same quarter of 2020[65] - The company recorded a net cash outflow from investing activities of approximately ¥165.44 million in the third quarter of 2021, compared to a net outflow of ¥146.15 million in the same period of 2020[65] - The company’s cash flow from financing activities showed a notable decline, highlighting potential challenges in raising funds[67] Shareholder Information - The company reported a total of 379,350,534 shares held by Shanghai Aerospace Technology Research Institute, representing 26.45% of the total shares[15] - Aerospace Investment Holdings Co., Ltd. holds 63,891,829 shares, accounting for 4.45% of the total shares[15] - Shanghai New Shangguang Economic Development Co., Ltd. has 35,617,029 shares, which is 2.48% of the total shares[15] - Shanghai Aerospace Intelligent Equipment Co., Ltd. holds 35,054,498 shares, representing 2.44% of the total shares[15] - The company has a total of 27,149,321 shares held by Shanghai Aerospace Industry (Group) Co., Ltd., which is 1.89% of the total shares[15] - The top ten shareholders collectively hold a significant portion of the company's shares, indicating strong institutional support[15] Legal Matters - The company is involved in a significant lawsuit with a claim amount of RMB 4,140,300, with a payment plan established for the defendant to settle the debt in three installments[20] - The lawsuit has progressed to the point where the court has frozen the defendant's equity worth approximately RMB 5.3035 million[20] - The company has established a mediation agreement for the lawsuit, with the first payment due by October 30, 2021[20] - The company is actively monitoring the legal proceedings and has received favorable rulings regarding jurisdiction[20] - The company filed a lawsuit in August 2019 against Shenzhen Aerospace Science and Industry Group for the return of a prepayment of €4,414,300 (approximately RMB 4,724.399 million) and additional claims[26] - The court proceedings regarding the lawsuit are ongoing, with the first hearing held on September 16, 2021, but no judgment has been made yet[28] Operational Challenges - The company reported a significant impairment loss on fixed assets, primarily due to the disposal of assets by a subsidiary, leading to a substantial impact on net profit[12] - The company reported a significant backlog of goods due to overdue receipt and payment issues, resulting in substantial losses[46] - The company is involved in ongoing litigation regarding the return of 1,762 solar modules valued at RMB 1.26 million, with a revised claim amount of RMB 680,000 due to damages[41] - The company has faced challenges in contract fulfillment due to supply chain disruptions and legal disputes[46] - The company is focused on improving operational efficiency and reducing backlog to enhance financial performance moving forward[46] Inventory and Receivables - The company's inventory increased significantly to ¥985,184,347.84 from ¥642,395,419.27, reflecting a growth of approximately 53.38%[51] - Accounts receivable decreased to ¥1,602,444,547.51 from ¥1,678,489,604.93, showing a decline of about 4.53%[51] - The company has a receivable of RMB 77.25 million from Zhongmin New Energy related to a photovoltaic component supply contract[46] - The company is pursuing legal action to recover overdue payments totaling RMB 572,500 from a contract for the supply of 25,000 wave springs[46]