2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 41.28 billion, a decrease of 17.46% compared to CNY 49.98 billion in the same period last year[3]. - Net profit attributable to shareholders was CNY 7.44 billion, down 14.09% from CNY 8.65 billion year-on-year[3]. - The net profit excluding non-recurring gains and losses was CNY 7.05 billion, a decrease of 10.66% compared to CNY 7.89 billion in the previous year[3]. - Basic earnings per share were CNY 1.40, down 14.09% from CNY 1.63 in the same period last year[3]. - The weighted average return on equity decreased to 4.40%, down 1.48 percentage points from 5.87% year-on-year[3]. - The net profit for Q3 2021 was CNY 22,970,966,926, a decrease of 10.3% compared to CNY 25,627,720,162 in Q3 2020[29]. - The total comprehensive income for Q3 2021 was CNY 22,712,242,298, down from CNY 25,595,311,936 in the same period last year, reflecting a decline of 11.5%[30]. - Basic and diluted earnings per share for Q3 2021 were CNY 4.23, compared to CNY 4.67 in Q3 2020, representing a decrease of 9.4%[30]. Cash Flow and Investments - Cash flow from operating activities for the year-to-date was CNY 21.45 billion, a decrease of 9.02% compared to CNY 23.51 billion in the previous year[3]. - The company reported a decrease in net cash flow from operating activities, indicating potential challenges in cash generation[3]. - Cash flow from operating activities for the first nine months of 2021 was CNY 21,451,555,718, down from CNY 23,578,730,079 in the same period of 2020, a decline of 9.0%[33]. - Cash inflow from investment activities for the first nine months of 2021 was CNY 33,601,439,685, compared to CNY 40,914,367,813 in 2020, indicating a decrease of 17.9%[33]. - The net cash flow from financing activities for the first nine months of 2021 was -CNY 11,708,773,397, worsening from -CNY 9,999,856,655 in the same period last year[34]. - The company experienced a decrease in cash flow from investment activities, with cash outflow of CNY 45,785,496,095 in the first nine months of 2021, down from CNY 60,751,978,756 in the same period of 2020[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 200.97 billion, an increase of 5.00% compared to CNY 201.87 billion at the end of the previous year[3]. - The company's total equity attributable to shareholders was CNY 161.82 billion, an increase of 6.45% from CNY 162.18 billion at the end of the previous year[3]. - Total assets increased to ¥211,973,189,611, up from ¥201,873,045,729, representing a growth of approximately 5.5% year-over-year[23]. - Total liabilities decreased slightly to ¥32,812,865,150 from ¥33,241,673,070, indicating a reduction of about 1.3%[25]. Shareholder Information - The company reported a total of 347,863 common shareholders at the end of the reporting period[19]. - The largest shareholder, Anhui Conch Group Co., Ltd., holds 1.93 billion shares, representing 36.40% of total shares[19]. Research and Development - Research and development expenses amounted to RMB 293.86 million, indicating a slight increase from RMB 293.84 million year-on-year[9]. - Research and development expenses increased significantly to ¥508,245,901, up from ¥293,864,955, marking a growth of about 73%[27]. Operational Costs - The total operating costs for the first three quarters were RMB 94.03 billion, up from RMB 93.99 billion before adjustments[9]. - Operating costs rose to ¥94,917,027,433, compared to ¥94,026,579,289, reflecting an increase of approximately 0.9%[25]. Other Financial Metrics - The company completed the acquisition of 100% equity in Anhui Conch New Energy Co., Ltd. on September 14, 2021, enhancing its market position[4]. - The company recorded investment income of RMB 1.23 billion, consistent with the previous year's figures[9]. - The company reported a total comprehensive income of RMB 25.60 billion, compared to RMB 32.11 million in the previous year, indicating a significant decrease[10]. - The total profit for the period was RMB 33.20 billion, compared to RMB 33.16 billion in the previous year, marking a marginal increase[9]. - The company's cash and cash equivalents increased to 63.51 billion RMB as of September 30, 2021, compared to 62.32 billion RMB at the end of 2020[22]. - Inventory levels rose to 9.29 billion RMB, up from 7.00 billion RMB year-over-year[22]. - The company recorded a total of 2.17 billion RMB in other receivables, an increase from 1.94 billion RMB in the previous year[22].