XHCG(SH:600785)2021-10-21 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,375,066,679.15, representing a year-on-year increase of 2.69%[5] - The net profit attributable to shareholders was a loss of ¥12,704,737.53, a decline of 25.58% compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0563, reflecting a decrease of 26.21% year-on-year[6] - Total revenue for the first three quarters of 2021 reached CNY 4,414,143,001.74, an increase from CNY 4,273,791,538.00 in the same period of 2020, representing a growth of approximately 3.3%[20] - Total operating costs for the first three quarters of 2021 were CNY 4,408,560,982.56, compared to CNY 4,271,513,638.22 in 2020, indicating an increase of about 3.2%[20] - Net profit for the third quarter of 2021 was CNY 4,561,627.57, a significant decrease from CNY 16,453,412.58 in the same quarter of 2020, reflecting a decline of approximately 72.2%[22] - Operating profit for the third quarter of 2021 was CNY 14,913,447.73, down from CNY 22,311,587.98 in the previous year, showing a decrease of around 33.2%[22] - The company reported a basic earnings per share of CNY 0.11 for the third quarter of 2021, down from CNY 0.15 in the same quarter of 2020, reflecting a decrease of approximately 26.7%[23] Assets and Liabilities - Total assets increased to ¥8,245,895,347.62, marking a growth of 32.41% compared to the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2021 amounted to CNY 8,245,895,347.62, compared to CNY 6,227,604,654.48 at the end of the same quarter in 2020, marking an increase of approximately 32.4%[19] - Total liabilities reached CNY 6,447,051,541.86 in the third quarter of 2021, up from CNY 4,003,614,531.15 in the same period of 2020, indicating a growth of about 61.1%[19] - Total liabilities amounted to approximately 6.91 billion, with a significant increase of 2.91 billion compared to the previous period[31] - Total liabilities as of Q3 2021 were CNY 3,779,621,491.96, an increase of CNY 144,665,069.64 compared to CNY 3,924,286,561.60 at the beginning of the year[30] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥617,920,655.19, showing a significant increase of 91.01%[5] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 6,395,006,794.70, an increase of 5.66% compared to CNY 6,052,606,176.38 in the same period of 2020[26] - Net cash flow from operating activities in Q3 2021 was CNY 617,920,655.19, up 91.06% from CNY 323,506,227.07 in Q3 2020[27] - Cash inflow from investment activities in Q3 2021 was CNY 852,084,364.41, compared to CNY 545,255,792.81 in Q3 2020, marking a 56.16% increase[27] - Net cash flow from investment activities in Q3 2021 was -CNY 247,841,412.61, an improvement from -CNY 394,920,214.24 in Q3 2020[27] - Cash inflow from financing activities in Q3 2021 totaled CNY 1,155,936,374.04, slightly down from CNY 1,209,397,961.90 in Q3 2020[27] - Net cash flow from financing activities in Q3 2021 was -CNY 731,960,475.92, compared to a positive CNY 19,263,642.16 in Q3 2020[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,429[13] - The largest shareholder, Wumart Technology Group Co., Ltd., holds 81,570,343 shares, accounting for 36.15% of total shares[14] - Shanghai Baoyin Chuangying Investment Management Co., Ltd. holds 65,415,643 shares, representing 28.99% of total shares, with 34,165,417 shares pledged[14] Asset Management - The company reported a decrease in cash and cash equivalents by 43.41%, primarily due to repayment of bank loans[11] - The company’s accounts receivable increased by 51.49%, attributed to an increase in sales to external credit customers[11] - The company experienced a 100% increase in right-of-use assets due to the implementation of new leasing standards[11] - The net profit from asset disposals increased by 706.28%, indicating a rise in asset disposal gains[11] - The company’s financial expenses rose by 170.21%, mainly due to interest expenses on lease liabilities under the new leasing standards[11] Current Assets - The company's total current assets as of September 30, 2021, amount to ¥1,700,546,215.65, a decrease from ¥2,259,475,433.17 at the end of 2020[17] - Cash and cash equivalents decreased to ¥479,389,067.79 from ¥847,091,381.24[17] - Accounts receivable increased to ¥204,996,748.72 from ¥135,316,101.03[17] - Inventory stands at ¥658,987,119.52, slightly down from ¥682,578,986.18[17] - Non-current assets include fixed assets valued at ¥1,969,952,458.62, down from ¥2,012,035,781.64[17] - The company has ongoing construction projects valued at ¥205,208,861.65, up from ¥90,530,670.31[17] Equity and Reserves - The total equity attributable to shareholders of the parent company was CNY 1,968,209,877.73 as of the end of the third quarter of 2021, a decrease from CNY 2,368,581,790.19 in the previous year, indicating a decline of about 16.9%[19] - Shareholders' equity reached approximately 2.22 billion, reflecting a decrease of about 429.81 million from the prior period[31] - The company reported a net profit of approximately 1.63 billion in undistributed profits, down by 407.52 million compared to the previous year[31] - The capital reserve stood at approximately 311.36 million, unchanged from the previous period[31] - The company reported a total of 2.77 billion in lease liabilities, consistent with the previous reporting period[31] - The minority shareholders' equity showed a slight improvement, with a decrease of 4.34 million compared to the last period[31] - The retained earnings decreased by 17.95 million, indicating a decline in the company's profitability[31] - Deferred income tax liabilities were recorded at approximately 39.19 million, reflecting the company's tax obligations[31] Future Outlook - The total liabilities and equity structure will be detailed in the upcoming financial reports[16] - Research and development expenses were not explicitly stated, but they are crucial for future product development and innovation strategies[22]