HUAFANG COMPANY(SH:600448)2021-11-02 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥909,165,829.36, a decrease of 3.37% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥3,296,649.00, down 45.42% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,369,489.59, a decrease of 37.23% compared to the same period last year[3]. - The net profit for Q3 2021 was ¥11,108,275.46, a decrease of 45.1% compared to ¥20,262,554.43 in Q3 2020[19]. - Operating profit for Q3 2021 was ¥14,092,679.85, down 46.4% from ¥26,235,157.86 in the same period last year[19]. - The company reported a total comprehensive income of ¥11,254,558.87 for Q3 2021, down 42.2% from ¥19,581,340.28 in Q3 2020[20]. - The net profit attributable to shareholders for the year-to-date period experienced a 47.65% decline compared to the same period last year[7]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was -¥176,915,160.85, reflecting a significant cash outflow[4]. - The cash flow from operating activities for Q3 2021 was negative at -¥176,915,160.85, compared to a positive cash flow of ¥113,542,165.28 in Q3 2020[23]. - Cash and cash equivalents decreased from RMB 796,413,351.58 to RMB 506,896,758.85, a decline of about 36.3%[14]. - Cash and cash equivalents at the end of Q3 2021 were ¥78,568,394.94, a significant decrease from ¥288,234,065.50 at the end of Q3 2020[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,907,512,545.76, an increase of 4.32% from the end of the previous year[4]. - The company's total assets as of September 30, 2021, amounted to RMB 3,907,512,545.76, up from RMB 3,745,676,135.23 at the end of the previous year, reflecting a growth of approximately 4.32%[16]. - The company's total liabilities reached RMB 2,466,629,137.20, an increase from RMB 2,316,047,209.35, which is an increase of approximately 6.49%[16]. - Current assets totaled RMB 2,105,999,548.12, slightly down from RMB 2,119,940,682.74 in the previous period, showing a decrease of about 0.66%[14]. Revenue and Costs - Total operating revenue for the first three quarters of 2021 reached RMB 2,596,627,104.68, an increase from RMB 2,398,826,696.29 in the same period of 2020, representing a growth of approximately 8.26%[18]. - Total operating costs for the first three quarters of 2021 were RMB 2,585,341,698.50, compared to RMB 2,376,532,777.57 in the previous year, indicating an increase of about 8.79%[18]. - The increase in production costs was attributed to rising prices of raw materials such as cotton, coal, and chemicals[7]. - The total operating expenses for Q3 2021 were ¥99,576,535.93, compared to ¥116,191,459.00 in Q3 2020, reflecting a decrease of 14.3%[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,811[10]. - The largest shareholder, Binzhou Antai Holding Group Co., Ltd., held 18.63% of the shares[10]. Research and Development - Research and development expenses for Q3 2021 were ¥115,904,535.66, an increase of 5.3% compared to ¥110,106,419.75 in Q3 2020[19]. Inventory and Receivables - The company's inventory as of September 30, 2021, was RMB 1,039,300,908.13, compared to RMB 862,580,786.78 in the previous period, representing an increase of approximately 20.5%[14]. - The company reported a significant increase in accounts receivable, which rose from RMB 316,502,542.43 to RMB 359,999,068.15, reflecting an increase of approximately 13.7%[14]. Other Information - The company has not disclosed any new product developments or market expansion strategies in the provided documents[12]. - The company's basic and diluted earnings per share remained stable at ¥0.02 for both Q3 2021 and Q3 2020[20]. - The company incurred financial expenses of ¥40,911,705.24 in Q3 2021, down 12.7% from ¥46,853,814.44 in Q3 2020[19].