OGI(SH:600811)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥3,673,775,742.53, a decrease of 17.19% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥15,804,144.94, down 87.01% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥6,756,112.40, reflecting a decline of 101.93% compared to the previous year[5]. - Basic earnings per share were ¥0.0044, a decrease of 86.79% year-on-year[5]. - Total operating revenue for the first three quarters of 2021 was approximately ¥10.48 billion, a decrease of 5.9% compared to ¥11.14 billion in the same period of 2020[28]. - Net profit for the first three quarters of 2021 was approximately ¥257.24 million, down 44.6% from ¥465.51 million in the same period of 2020[28]. - Operating profit for the first three quarters of 2021 was approximately ¥261.99 million, a decrease of 45.1% compared to ¥478.99 million in the same period of 2020[28]. - Basic earnings per share for the first three quarters of 2021 were ¥0.0731, down from ¥0.1306 in the same period of 2020[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥47,188,186,989.44, an increase of 0.62% from the end of the previous year[5]. - Current assets totaled ¥22,505,285,384.17, a decrease of 1.53% from ¥22,856,725,548.76[24]. - Total liabilities amounted to ¥25,470,841,205.12, slightly down from ¥25,514,332,213.83[24]. - The total assets reached 46,895,791,760.79 RMB, with total liabilities at 25,514,332,213.83 RMB, indicating a healthy asset-liability ratio[36]. - The company’s total equity attributable to shareholders was 21,122,037,537.26 RMB, reflecting solid shareholder value[36]. - The company’s total liabilities increased slightly by 1,137,150.99 RMB compared to the previous period, indicating stable financial management[36]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 93,979[15]. - The largest shareholder, Tibet Dongfang Runlan Investment Co., Ltd., holds 608,854,587 shares, representing 16.39% of the total shares[15]. - The second-largest shareholder, Dongfang Group Co., Ltd., holds 492,822,091 shares, representing 13.27% of the total shares[15]. - The top ten shareholders collectively hold a significant number of shares, with the total shares held by the top ten shareholders amounting to 1,123,174,202[18]. Acquisition Plans - The company plans to issue shares and pay cash to acquire 92% equity of Hui Lan Company from its controlling shareholder, Dongfang Group Co., Ltd.[19]. - The stock was suspended from trading on June 30, 2021, due to the planned acquisition, with an expected suspension period of no more than 10 trading days[19]. - The company is actively advancing due diligence, auditing, and evaluation related to the acquisition, with independent financial and legal advisors engaged[19]. - The company received a waiver from the Hong Kong Securities and Futures Commission regarding mandatory takeover obligations for United Energy shares[19]. - The company has not completed the necessary audits and evaluations for the acquisition, indicating potential uncertainties[19]. - The company is committed to timely information disclosure based on the progress of the acquisition and related work[19]. Cash Flow and Expenses - Cash flow from operating activities for the first three quarters of 2021 was approximately ¥404.38 million, a significant improvement from a negative cash flow of ¥947.70 million in the same period of 2020[30]. - The net cash flow from financing activities was -2,076,930,805.17 RMB, compared to a positive cash flow of 1,186,243,425.89 RMB in the previous period[32]. - Total cash and cash equivalents at the end of the period amounted to 4,154,809,203.82 RMB, down from 4,524,970,215.11 RMB in the previous period[32]. - The company reported a significant reduction in financial expenses, with interest expenses at approximately ¥816.02 million, down from ¥836.15 million in the same period of 2020[28]. Inventory and Investments - Inventory decreased to ¥8,482,086,544.00 from ¥8,859,964,309.44, reflecting a decline of approximately 4.25%[24]. - Long-term investments in equity increased to ¥16,883,335,734.33, up from ¥16,083,326,056.16[24]. - Long-term equity investments stood at 16,083,326,056.16 RMB, showcasing the company's commitment to strategic investments[35]. Compliance and Standards - The company implemented the new leasing standards starting January 1, 2021, affecting the initial figures for prepaid expenses, right-of-use assets, and lease liabilities[38]. - The new leasing standards will not adjust comparable period information, only the beginning balance for 2021[38].