HAC(SH:600202)2021-10-28 16:00Financial Performance - The company's operating revenue for the third quarter was ¥191,868,723.01, a decrease of 4.06% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥9,779,915.18, representing a decline of 236.73% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,823,978.01, down 366.42% from the previous year[2]. - The basic earnings per share for the quarter was -¥0.0255, a decrease of 236.36% compared to the same period last year[2]. - The total profit for the period reached CNY 65,161,691.96, an increase from CNY 35,076,495.37 in the previous period, representing an increase of approximately 85.7%[24]. - Net profit attributable to shareholders was CNY 54,672,234.93, compared to CNY 31,849,794.99 in the same period last year, marking a growth of about 71.7%[24]. - Basic and diluted earnings per share increased to CNY 0.1426 from CNY 0.0831, reflecting a rise of approximately 71.3%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,241,540,299.64, a decrease of 1.75% from the end of the previous year[4]. - Total assets as of September 30, 2021, were RMB 2,241,540,299.64, down from RMB 2,281,480,746.83 at the end of 2020[19]. - Total liabilities decreased to RMB 1,478,426,585.26 from RMB 1,576,009,650.66, a reduction of approximately 6.20%[19]. - Total liabilities were approximately $1.58 billion, with non-current liabilities at $158.52 million[33]. - Current liabilities reached approximately $1.42 billion, including short-term borrowings of $110 million and accounts payable of $218.43 million[31]. - Shareholders' equity increased to RMB 763,113,714.38 from RMB 705,471,096.17, reflecting a growth of about 8.16%[19]. - Shareholders' equity totaled approximately $705.47 million, with retained earnings of about $97.89 million[33]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥191,820,932.84, a decrease of 78.11% year-on-year[2]. - Cash flow from operating activities showed a net outflow of CNY -191,820,932.84, worsening from CNY -107,697,851.40 in the previous year[25]. - Cash and cash equivalents at the end of the period decreased to CNY 89,529,507.91 from CNY 200,787,630.19, a decline of about 55.5%[27]. - Cash inflow from financing activities totaled CNY 694,253,514.75, compared to CNY 671,388,716.70 in the previous year, indicating a slight increase of approximately 3.4%[27]. - The company incurred cash outflows of CNY 569,421,441.81 in financing activities, down from CNY 693,955,032.35, showing a reduction of about 18.0%[27]. - Investment activities resulted in a net cash outflow of CNY -13,802,049.74, a significant decrease from a net inflow of CNY 203,875,555.95 in the previous year[27]. Operational Insights - The company attributed the decline in net profit to a significant increase in raw material prices, which led to lower overall gross profit levels[6]. - The company reported a non-recurring gain of ¥39,088.62 from the disposal of non-current assets during the quarter[6]. - Total operating costs increased to RMB 704,483,607.42, up 13.41% from RMB 621,164,824.00 in the previous year[22]. - Operating profit for the first three quarters of 2021 was RMB 76,615,532.65, compared to RMB 31,965,393.40 in the same period of 2020, reflecting a significant increase[22]. - The company reported a decrease in cash received from sales of goods and services to CNY 391,791,492.61 from CNY 448,752,481.58, a decline of about 12.7%[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,219[10]. - The company has not disclosed specific future guidance or projections in the provided documents[32]. Research and Development - Research and development expenses for the first three quarters of 2021 were RMB 23,314,967.39, compared to RMB 18,086,980.32 in the same period of 2020, indicating an increase of approximately 28.83%[22]. Compliance and Standards - The company adopted the new leasing standards effective January 1, 2021, impacting financial reporting[34]. - Deferred income tax assets were recorded at approximately $78.99 million, contributing to the overall asset structure[31]. - The company reported a capital reserve of approximately $80.16 million, enhancing its equity position[33]. - The total liabilities to equity ratio indicates a leverage level that requires monitoring for financial stability[33]. Inventory and Receivables - Accounts receivable increased to RMB 799,363,409.08 from RMB 684,318,621.73, indicating a rise of approximately 16.83%[15]. - Inventory decreased to RMB 258,399,435.53 from RMB 387,852,811.19, a decline of about 33.24%[15].