CGA(SH:600297)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥37,211,786,665.67, a decrease of 11.71% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥120,112,659.70, down 85.19% year-over-year[6]. - The basic earnings per share for Q3 2021 was ¥0.0149, reflecting a decline of 85.10% compared to the previous year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥121.25 billion, an increase from ¥108.22 billion in the same period of 2020, representing a growth of approximately 12.5%[37]. - Net profit for the first three quarters of 2021 was ¥1.97 billion, up from ¥1.54 billion in 2020, indicating a growth of approximately 28.3%[37]. - The total comprehensive income for the current period is approximately CNY 2.02 billion, up from CNY 1.55 billion in the previous year, indicating a growth of 30%[40]. - The basic and diluted earnings per share for the current period are both CNY 0.20, an increase from CNY 0.16 in the same period last year, reflecting a 25% rise[40]. Asset and Liability Management - The total assets at the end of the reporting period were ¥129,910,244,236.44, a decrease of 11.57% from the end of the previous year[9]. - The total assets decreased from ¥146.91 billion in the previous year to ¥129.91 billion, a decline of about 11.6%[33]. - Total liabilities decreased from ¥99.76 billion to ¥82.65 billion, a reduction of approximately 17.2%[33]. - Non-current assets increased from ¥54.75 billion to ¥57.41 billion, an increase of about 4.8%[33]. - The company reported a decrease in contract liabilities from ¥3.12 billion to ¥1.72 billion, a decline of about 44.8%[33]. - The company’s equity attributable to shareholders increased from ¥40.55 billion to ¥41.73 billion, reflecting a growth of approximately 2.9%[33]. Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was -¥7,503,698,046.36, indicating a decline of 3.41% year-over-year[9]. - Cash inflows from operating activities totaled approximately CNY 140.02 billion, compared to CNY 128.42 billion in the previous year, marking a growth of 9%[43]. - Cash outflows from operating activities amounted to approximately CNY 147.52 billion, up from CNY 135.68 billion in the same period last year, resulting in a net cash outflow of approximately CNY 7.50 billion[43]. - The net cash flow from financing activities was approximately -CNY 4.84 billion, compared to a positive cash flow of CNY 1.57 billion in the same period last year[45]. - The ending balance of cash and cash equivalents is approximately CNY 7.06 billion, down from CNY 7.54 billion in the previous year[45]. Inventory and Current Assets - The company reported a total current asset of CNY 72,497,069,453.93 as of September 30, 2021, down from CNY 92,163,081,874.41 at the end of 2020, representing a decrease of approximately 21.4%[27]. - Cash and cash equivalents decreased to CNY 18,846,833,898.07 from CNY 29,008,815,297.51, a decline of about 35.0%[27]. - Inventory levels dropped significantly to CNY 13,144,504,250.15 from CNY 21,120,029,484.11, indicating a reduction of approximately 37.7%[27]. - The total receivables from accounts decreased to CNY 1,751,317,220.67 from CNY 1,946,961,868.82, reflecting a decline of about 10.0%[27]. - The company’s prepayments increased slightly to CNY 25,644,237,851.46 from CNY 25,341,737,398.18, showing a growth of approximately 1.2%[27]. Operational Challenges - The company experienced a significant impact on its overall business due to chip shortages and tight new car supply, leading to lower gross margins[12]. - The company reported a decrease in net profit after deducting non-recurring gains and losses of 91.36% for Q3 2021[12]. Financing Activities - The company has a total of 138,959,000 USD in outstanding senior perpetual securities, with 34.74% of holders participating in the buyback offer[22]. - The company’s subsidiary issued senior bonds valued at USD 23,168.60 million with an interest rate of 9.125%, listed on the Singapore Exchange[23]. Strategic Developments - The company has not disclosed any new product or technology developments in the recent reports[26]. - There is no mention of market expansion or mergers and acquisitions in the latest financial disclosures[26].