HNA Technology(SH:600751)2021-10-29 16:00Financial Performance - The company's operating revenue for the third quarter was CNY 3,846,448, a decrease of 95.43% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY -965,617, representing a decline of 18,531.32% year-on-year[6]. - The net profit attributable to shareholders for the year-to-date period was CNY 17,570, down 96.17% year-on-year[6]. - The basic earnings per share for the third quarter was CNY -0.3330, a decrease of 18,600.00% compared to the same period last year[6]. - Net profit for the third quarter of 2021 was CNY 44,336 thousand, a significant decline from CNY 964,717 thousand in the same quarter of 2020[32]. - The company reported a net loss attributable to shareholders of CNY 17,570 thousand for the third quarter of 2021, compared to a profit of CNY 458,687 thousand in the same quarter of 2020[36]. - The total comprehensive income for the third quarter was reported as CNY -4,532 thousand, compared to CNY -46,085 thousand in the same quarter of 2020[36]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 10,884,482, an increase of 50.41% compared to the previous year[6]. - The company's cash flow management strategies remain a focus, with ongoing efforts to optimize liquidity and reduce costs[32]. - Net cash flow from operating activities is CNY 10,884,482, an increase from CNY 7,237,015 in the previous period[38]. - Total cash inflow from investment activities is CNY 26,535,376, compared to CNY 14,805 in the previous period[40]. - Net cash flow from financing activities is -CNY 39,097,064, a decrease from -CNY 4,420,110 in the previous period[40]. - The total cash and cash equivalents at the end of the period is CNY 5,756,208, down from CNY 7,328,213 in the previous period[40]. - Cash inflow from sales of goods and services is CNY 177,670,852, compared to CNY 240,747,187 in the previous period[38]. - Cash outflow for purchasing goods and services is CNY 169,022,745, down from CNY 219,278,313 in the previous period[38]. - Cash inflow from the disposal of subsidiaries and other business units is CNY 26,358,249[40]. - Cash outflow for investment activities totals CNY 2,816,350, compared to CNY 870,446 in the previous period[40]. Assets and Liabilities - Total assets decreased by 91.42% to CNY 10,443,441 compared to the end of the previous year[9]. - As of September 30, 2021, the company's cash and cash equivalents amounted to 5,756,208,000 RMB, a decrease from 10,400,953,000 RMB at the end of 2020[24]. - The total current assets as of September 30, 2021, were 8,006,096,000 RMB, compared to 99,882,469,000 RMB at the end of 2020[24]. - The total assets amounted to CNY 10,443,441 thousand, while total liabilities were CNY 6,581,556 thousand, resulting in total equity of CNY 3,861,885 thousand[29]. - Deferred income tax liabilities stood at CNY 1,664,528 thousand, indicating potential future tax obligations[29]. - The company’s total non-current liabilities were CNY 9,172,109 thousand, reflecting its long-term financial commitments[29]. - Total assets increased by 3,597,462 to 121,656,052 compared to the previous period[47]. - Total liabilities rose by 3,597,462 to 114,924,914 compared to the previous period[49]. - Current liabilities totaled 105,752,805, an increase of 763,863 from the previous period[47]. - The company's equity attributable to shareholders remained stable at 3,835,385[49]. - The total equity of the company is 6,731,138, unchanged from the previous period[49]. - The company reported goodwill of 6,508,477, consistent with the previous period[47]. - Long-term borrowings stood at 1,215,839, unchanged from the previous period[49]. - The company has deferred tax assets amounting to 1,174,580, consistent with the previous period[47]. - Other non-current liabilities increased slightly by 5,233 to 903,393 compared to the previous period[49]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 121,064[14]. - The controlling shareholder, HNA Technology Group Co., Ltd., holds 602,006,689 shares, accounting for 20.76% of the total share capital, with 418,000,000 shares pledged[20]. - The total number of shares held by the top two shareholders, HNA Technology Group and Daxin Logistics Holdings (Group) Co., Ltd., is 853,443,285 shares, representing 29.44% of the total share capital[20]. - The top shareholder, Daxin Logistics Holdings, has pledged 238,948,380 shares, with 2,540,000 shares frozen judicially[20]. Business Operations - The company sold its 100% stake in Yingmai International, leading to significant declines in revenue and profit[12]. - The company completed a merger with Imola Acquisition Corporation, resulting in GCL Investment Management, Inc. becoming a wholly-owned subsidiary[21]. - The company has committed to asset injection by December 31, 2021, to enhance its operational capabilities[21]. - The company aims to actively utilize the proceeds from asset sales to strategically develop new business areas[21]. - Research and development expenses were not explicitly detailed, but the company continues to invest in innovation and technology[32]. - The company has implemented new leasing standards starting from 2021[42].