Wanli New Energy(SH:600847)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥115,694,568.84, a decrease of 28.85% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥3,749,145.18, representing a decline of 193.29% year-over-year[3]. - The basic earnings per share for the current period was -¥0.02, down 181.53% compared to the previous year[3]. - The net profit attributable to shareholders for the year-to-date was -¥4,781,214.86, a decline of 422.52% compared to the same period last year[3]. - The net profit for the third quarter of 2021 was a loss of CNY 4,781,214.86, compared to a profit of CNY 1,482,443.51 in the same quarter of 2020, indicating a significant decline[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥740,961,209.11, a decrease of 2.37% from the end of the previous year[4]. - The company's total equity was CNY 690,166,856.81, slightly down from CNY 694,948,071.67, a decrease of 0.56%[18]. - The total liabilities decreased to CNY 50,794,352.30 from CNY 64,021,024.71, a decline of 20.61%[18]. - The company's total current assets as of September 30, 2021, amounted to 478,651,770.49 RMB, slightly down from 483,584,454.73 RMB at the end of 2020[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥42,084,066.13, indicating a significant cash outflow[3]. - Cash inflow from operating activities for the first nine months was $344,765,797.78, a decrease from $356,792,999.42 in the same period last year, representing a decline of approximately 3.3%[26]. - Net cash outflow from operating activities was -$42,084,066.13, compared to -$28,790,140.13 in the previous year, indicating a worsening of 46%[26]. - The net increase in cash and cash equivalents was -$49,057,825.53, compared to -$31,146,537.13 in the same period last year, representing a decline of approximately 57%[27]. Expenses - The company reported a decrease in gross margin due to industry chip shortages and intense competition, impacting revenue and profitability[7]. - The company is facing increased sales and management expenses, contributing to the decline in net profit[7]. - Total operating costs increased to CNY 423,455,724.94 from CNY 417,878,808.52, marking a rise of 1.38%[20]. - Research and development expenses decreased to CNY 1,459,105.95 from CNY 1,603,098.33, reflecting a reduction of 8.97%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,277[10]. - The largest shareholder, Jiantianxia Asset Management Co., Ltd., holds 11.55% of shares, totaling 17,708,110 shares[10]. - The company is actively managing shareholder relationships, with notable agreements regarding share transfers and voting rights[11]. Asset Management - The company plans to transfer its lead-acid battery business assets and liabilities to a wholly-owned subsidiary, Chongqing Wanli Power Technology Co., Ltd.[12]. - The company has extended the deadline for asset transfer commitments to February 9, 2022, due to delays in the original timeline[13]. - Accounts receivable increased to 108,137,880.01 RMB from 91,969,127.89 RMB year-over-year[16]. - Inventory as of September 30, 2021, was 126,338,966.72 RMB, compared to 120,294,883.66 RMB at the end of 2020[16]. - The company reported a significant increase in other receivables, totaling 157,591,199.45 RMB, compared to 156,407,404.71 RMB in the previous year[16]. - Fixed assets decreased to 236,452,982.26 RMB from 255,819,913.63 RMB year-over-year[16].