HKHC(SH:600162)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,729,569,748.14, representing a year-on-year increase of 195.98%[5] - Net profit attributable to shareholders was ¥177,581,954.17, showing a significant increase of 760.95% compared to the same period last year[5] - The basic earnings per share for the current period was ¥0.0533, an increase of 774.44% year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥3,561,505,870.06, a significant increase from ¥1,644,630,369.35 in the same period of 2020, representing a growth of approximately 116.5%[24] - The net profit for the first three quarters of 2021 was ¥221,139,597.66, a turnaround from a net loss of ¥48,874,168.91 in the same period of 2020[24] - The operating profit for the first three quarters of 2021 was ¥384,888,744.13, compared to a loss of ¥38,078,690.21 in 2020, showing a substantial improvement[24] - Earnings per share for the first three quarters of 2021 were ¥0.0656, compared to a loss per share of ¥0.0026 in the same period of 2020[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥28,288,648,189.78, reflecting a growth of 10.40% from the end of the previous year[6] - The total liabilities amounted to 28.29 billion RMB, up from 25.62 billion RMB in the previous year, indicating a growth of approximately 10.4%[20] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥22,568,959,424.39, an increase from ¥19,950,357,312.34 in 2020, reflecting a growth of approximately 8.1%[21] - Total equity as of the end of the third quarter of 2021 was ¥5,719,688,765.39, compared to ¥5,673,568,581.15 in 2020, indicating a slight increase of about 0.8%[21] - The total assets were approximately ¥25.62 billion, down from ¥26.75 billion in the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥527,509,433.45, a decline of 233.12% compared to the same period last year[6] - The total cash flow from operating activities for the first three quarters of 2021 was ¥4,388,286,259.17, slightly down from ¥4,424,090,106.87 in 2020[28] - The net cash flow from operating activities was -527,509,433.45 RMB, a decrease compared to 396,252,411.95 RMB in the previous quarter[29] - Total cash inflow from financing activities was 4,381,886,820.09 RMB, up from 3,237,168,633.89 RMB year-over-year[30] - Cash outflow for debt repayment was 3,191,346,579.62 RMB, compared to 2,665,810,849.00 RMB in the previous period[30] Investments and Shareholder Information - The company reported a net profit excluding non-recurring gains and losses of ¥145,064,134.05 for the current period[5] - The company’s long-term equity investments increased to approximately 646.08 million RMB from 305.20 million RMB, representing a growth of about 111%[20] - The total number of ordinary shareholders at the end of the reporting period was 60,388[10] - The top shareholder, Southern Xiangjiang Group Co., Ltd., held 38.89% of the shares, amounting to 1,320,619,361 shares[11] Operational Highlights - The company experienced a significant increase in revenue due to the rise in real estate project settlement income[9] - The company hosted nearly 154 events and activities, and received over 529 visits for exchanges and inspections as of September 30, 2021[17] - The company has established a partnership with Microsoft for cloud and mobile technology incubation, with 220 companies having entered the incubation center by September 30, 2021[16] Inventory and Current Assets - The company’s inventory increased to approximately 16.52 billion RMB from 14.74 billion RMB, marking a rise of about 12.1% year-over-year[19] - The company reported a total of 21.41 billion RMB in current assets as of September 30, 2021, compared to 20.48 billion RMB at the end of 2020, reflecting an increase of approximately 4.5%[19] Financial Standards and Reporting - The company adopted the revised accounting standard for leases starting January 1, 2021, impacting the financial statements[34] - The company did not adjust comparative period information due to the new lease accounting standard[34] - The board of directors announced the financial results on October 28, 2021[36]