YXMC(SH:600213)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥156,986,763.76, a decrease of 60.73% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥59,270,250.82, with a year-to-date loss of ¥97,897,777.12, both figures not applicable for year-on-year comparison[4] - Total operating revenue for the first three quarters of 2021 was CNY 651,250,920.39, a decrease of 51.4% compared to CNY 1,339,277,023.26 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was a loss of CNY 105,737,714.25, compared to a loss of CNY 88,381,008.37 in the same period of 2020, representing a 19.5% increase in losses[19] - The company reported a total comprehensive loss of CNY 105,737,714.25 for the first three quarters of 2021, compared to a loss of CNY 88,381,008.37 in the same period of 2020[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥513,731,683.42, an increase of 101.48%[8] - Operating cash flow for the first three quarters of 2021 was CNY 513,731,683.42, an increase of 101.0% from CNY 254,981,077.72 in the same period of 2020[22] - Total cash inflow from operating activities was CNY 1,314,998,468.93, down 21.6% from CNY 1,677,130,738.49 in the previous year[22] - Total cash outflow from operating activities was CNY 801,266,785.51, a decrease of 43.6% compared to CNY 1,422,149,660.77 in the same period of 2020[22] - The net cash flow from financing activities was -739,180,801.51, compared to -289,749,413.93 in the previous year, indicating a significant decline[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,055,282,581.43, down 26.66% from the end of the previous year[5] - Total liabilities as of September 30, 2021, were RMB 3,053,822,136.52, down from RMB 4,060,067,879.58 at the end of 2020[15] - Cash and cash equivalents decreased to RMB 205,826,249.79 from RMB 532,496,990.94[13] - The total equity attributable to shareholders was negative at RMB -79,721,090.27, compared to a positive RMB 16,914,257.35 at the end of 2020[15] Shareholder Information - Total number of common shareholders at the end of the reporting period was 18,825[10] - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 112,200,000 shares, accounting for 51.00% of total shares[10] Operational Metrics - Operating costs decreased by 49.21% due to a decline in sales volume[7] - The company reported a significant increase in receivables financing by 686.62%, attributed to an increase in customer payments[7] - The company experienced a 808.39% increase in non-operating income, primarily from the reversal of expected losses related to bills litigation[7] - Research and development expenses for the first three quarters of 2021 were CNY 44,882,383.15, up 15.5% from CNY 38,747,290.07 in the previous year[18] Inventory and Receivables - Accounts receivable decreased to RMB 2,323,643,692.33 from RMB 3,068,678,196.48 year-over-year[13] - Inventory decreased to RMB 178,540,561.91 from RMB 206,005,038.06 year-over-year[14] Other Financial Metrics - Basic and diluted earnings per share for the first three quarters of 2021 were both CNY -0.44, compared to CNY -0.40 in the same period of 2020[20] - The cash and cash equivalents net increase was -229,816,546.27, compared to -41,162,859.86 in the same period last year, reflecting a worsening liquidity position[23] - The impact of exchange rate changes on cash and cash equivalents was -1,532,680.98, compared to -595,161.44 in the prior year, indicating increased foreign exchange risk[23] Product Development - The company has no significant new product or technology developments reported in the current quarter[12]