TYHI(SH:600169)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,795,385,567.03, a decrease of 11.94% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥96,871,429.40, representing a significant increase of 15,309.33% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,072,867.48, with no applicable year-on-year comparison[7]. - The basic earnings per share for Q3 2021 was ¥0.0291, an increase of 11,753.33% compared to the same period last year[11]. - Operating revenue for the first three quarters of 2021 was ¥5,825,243,191.52, slightly down from ¥5,946,503,186.45 in the same period of 2020, indicating a decrease of approximately 2.0%[32]. - The company's net profit attributable to shareholders improved to ¥4,756,204,290.52 as of September 30, 2021, compared to ¥4,548,437,153.93 at the end of 2020, reflecting an increase of about 4.6%[30]. - The net profit for the first three quarters of 2021 reached ¥235,309,618.23, a significant recovery from a net loss of ¥307,158,542.54 in the same period of 2020[35]. - Operating profit for the first three quarters of 2021 was ¥151,390,183.77, compared to an operating loss of ¥293,838,215.83 in the previous year[35]. - Total profit for the first three quarters of 2021 was ¥151,001,568.49, a turnaround from a total loss of ¥286,602,459.36 in 2020[35]. - Total comprehensive income for the first three quarters of 2021 was ¥236,170,283.86, compared to a total comprehensive loss of ¥309,610,151.05 in 2020[37]. - Basic earnings per share for the first three quarters of 2021 was ¥0.0654, recovering from a loss of ¥0.1192 per share in the same period of 2020[37]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,357,094,861.15, a decrease of 11.50% from the end of the previous year[11]. - Total liabilities decreased to ¥25,492,858,068.06 from ¥30,344,404,382.68, representing a reduction of about 16.1%[29]. - The company's cash and cash equivalents decreased to approximately ¥3.29 billion from ¥4.63 billion, a decline of about 29%[22]. - The company's inventory decreased to ¥9,348,661,124.03 from ¥11,409,661,079.18, representing a decline of approximately 18.0%[26]. - The company reported a decrease in contract liabilities to ¥1,165,929,487.01 from ¥2,218,923,316.81, indicating a reduction of approximately 47.5%[29]. - The company's total equity attributable to shareholders increased to ¥4,756,204,290.52 from ¥4,548,437,153.93, showing a growth of about 4.6%[30]. - The company's long-term liabilities totaled 5,327,429,481.71 RMB as of September 30, 2021, compared to 5,419,976,986.84 RMB at the beginning of the year[48]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥83,667,560.53, reflecting a substantial increase of 294.30% year-on-year[11]. - Cash received from operating activities increased by 107.01% due to higher cash flows related to operational activities[15]. - Cash flow from operating activities for the first three quarters of 2021 was ¥83,667,560.53, an increase from ¥21,219,114.54 in the same period of 2020[40]. - The company recorded cash inflows from operating activities totaling ¥6,494,477,996.48, slightly down from ¥6,863,805,865.73 in 2020[40]. - The net cash flow from investing activities was ¥668,207,808.18, a significant improvement from a negative cash flow of ¥257,393,736.44 in the previous year[40]. - The company reported a decrease in cash outflows for purchasing goods and services to ¥3,530,367,933.23 from ¥5,190,206,640.51 year-over-year[40]. - In the first nine months of 2021, the net cash flow from financing activities was -153,529,612.77 RMB, a decrease compared to 871,977,306.40 RMB in the same period of 2020[42]. - The company reported a decrease in cash received from financing activities, which was 10,038,355,632.81 RMB in the first nine months of 2021, down from 12,822,667,720.86 RMB in the same period of 2020[42]. - The cash outflow from financing activities totaled 10,191,885,245.58 RMB in the first nine months of 2021, compared to 11,950,690,414.46 RMB in the same period of 2020[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 116,967[19]. - The largest shareholder, Taiyuan Heavy Machinery Group Co., Ltd., holds 29.03% of the shares[19]. Non-Recurring Gains and Expenses - Non-recurring gains for Q3 2021 totaled ¥65,798,561.92, with a year-to-date total of ¥136,777,172.72[13]. - Investment income increased by 2,118.77% as a result of the gains from the disposal of a 51% stake in Tianjin Binhai Company[15]. - R&D expenses rose by 100.95% due to increased investment in new product development[15]. - The company reported a significant increase in tax expenses by 121.79% due to higher VAT and corporate income tax payments[15]. - Other current liabilities decreased by 47.28% due to the disposal of a 51% stake in Tianjin Binhai Company, which is no longer included in the consolidated financial statements[15]. - Deferred income decreased by 44.44% following the disposal of a 51% stake in Tianjin Binhai Company[15]. - Sales expenses decreased by 52.26% as a result of marketing reforms leading to significant cost reductions[15].