航发科技(600391) - 2021 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2021 reached ¥828,658,062.52, an increase of 40.48% compared to the same period last year[3] - Net profit attributable to shareholders was ¥5,559,855.56, a decrease of 31.93% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥226,057.86, down 93.25% from the previous year[3] - Total operating revenue for the first three quarters of 2021 reached ¥2,295,051,178.45, an increase from ¥1,547,292,956.57 in the same period of 2020[16] - The net profit for the first three quarters of 2021 was a loss of ¥21,905,425.40, an improvement from a loss of ¥39,476,788.07 in the same period of 2020[17] - The total comprehensive income attributable to the parent company was -48,114,152.36 CNY, compared to -58,581,130.56 CNY in the same period last year, showing an improvement of approximately 17.5%[18] - Basic and diluted earnings per share were both -0.1457 CNY, an improvement from -0.1774 CNY in the same quarter last year[18] Assets and Liabilities - The company's total assets increased by 8.76% to ¥6,317,653,253.55 compared to the end of the previous year[4] - The company's total assets increased to ¥6,317,653,253.55 in Q3 2021, up from ¥5,808,656,413.59 in Q3 2020[13] - Current liabilities totaled ¥3,442,101,923.01 in Q3 2021, compared to ¥3,326,188,156.31 in Q3 2020, reflecting an increase in short-term obligations[13] - The total liabilities as of Q3 2021 were ¥4,366,234,898.53, up from ¥3,862,618,412.56 in Q3 2020, indicating a rise in financial obligations[13] - Shareholders' equity totaled approximately $1.95 billion, with retained earnings showing a deficit of about $1.14 million[25] Cash Flow - Cash flow from operating activities for the year-to-date was negative at -¥147,215,983.94, a decline of 149.79%[7] - The net cash flow from operating activities was -147,215,983.94 CNY, a significant decline from 296,052,131.61 CNY in the previous year, indicating a negative shift in operational cash flow[21] - Cash inflow from operating activities totaled 2,104,329,589.06 CNY, down 6.5% from 2,250,441,395.15 CNY year-over-year[21] - The company reported a net cash outflow from investing activities of -159,355,655.87 CNY, worsening from -107,362,926.21 CNY in the previous year[21] - Cash inflow from financing activities was 625,685,699.70 CNY, a decrease of 51.0% compared to 1,275,201,449.51 CNY in the same period last year[21] - The total cash outflow from financing activities was 607,261,310.37 CNY, down from 1,554,320,271.90 CNY in the previous year, showing a reduction of 60.9%[21] - The ending balance of cash and cash equivalents was 195,702,961.69 CNY, compared to 124,309,309.04 CNY in the previous year, reflecting an increase of 57.4%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,362[8] - The largest shareholder, China Aviation Engine Corporation, holds 36.02% of the shares[8] Expenses and Investments - The company reported a significant increase in management and R&D expenses compared to the same period last year, impacting profitability[6] - Research and development expenses for the first three quarters of 2021 were ¥64,405,957.87, compared to ¥55,304,021.50 in 2020, showing an increase in investment in innovation[16] - The company paid 445,553,447.60 CNY in employee compensation, up from 383,845,637.77 CNY year-over-year, indicating a 16.1% increase in labor costs[21] Other Financial Metrics - The weighted average return on net assets decreased by 0.19 percentage points to 0.39%[4] - Non-recurring gains and losses for the period totaled ¥5,333,797.70, with government subsidies contributing significantly[6] - The company reported a decrease in unallocated profits, with a figure of -¥49,258,397.07 in Q3 2021 compared to -¥1,144,244.71 in Q3 2020[13] - The total equity attributable to shareholders was ¥1,419,759,034.04 in Q3 2021, a slight decrease from ¥1,458,256,501.88 in Q3 2020[13] Market and Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[26] - The company has ongoing construction projects valued at approximately $133.32 million[24] - The company is actively managing its debt levels, with a significant portion of liabilities being short-term, indicating a need for careful cash flow management[24]