Chunlan(SH:600854)2021-10-29 16:00Financial Performance - The company's operating revenue for the third quarter was CNY 26,501,144.83, a decrease of 60.14% compared to the same period last year[5]. - Net profit attributable to shareholders for the third quarter reached CNY 94,194,898.61, an increase of 920.16% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 93,975,935.44, up 963.77% from the previous year[5]. - The basic earnings per share for the third quarter was CNY 0.1813, reflecting an increase of 918.54% year-on-year[6]. - The net profit for Q3 2021 was CNY 103,724,914.50, a significant increase from CNY 57,907,200.45 in Q3 2020, representing an increase of approximately 79.2%[21]. - The net profit attributable to shareholders of the parent company was CNY 97,712,833.24, up from CNY 54,128,717.71, reflecting an increase of about 80.5% year-over-year[22]. - The total comprehensive income for Q3 2021 was CNY 72,883,938.93, compared to CNY 78,631,682.33 in the same period last year, indicating a decrease of approximately 7.1%[23]. - Basic and diluted earnings per share for Q3 2021 were both CNY 0.1881, compared to CNY 0.1042 in Q3 2020, marking an increase of approximately 80.5%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,487,374,182.33, representing a 12.37% increase from the end of the previous year[6]. - Current assets totaled ¥1,408,191,585.23, up from ¥1,066,235,886.83 at the end of 2020, marking a significant increase of 32.1%[16]. - The company's total liabilities as of September 30, 2021, were ¥530,485,302.13, compared to ¥304,877,853.39 at the end of 2020, representing a rise of 74.0%[18]. - Total liabilities were approximately $311.91 million, with current liabilities accounting for approximately $283.25 million, including accounts payable of approximately $139.96 million[30]. - Shareholders' equity stood at approximately $1.91 billion, with a capital reserve of approximately $1.54 billion and retained earnings showing a deficit of approximately $574.33 million[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 225,777,412.47, with a significant increase of 2,357.98%[6]. - Cash flow from operating activities for the first nine months of 2021 was CNY 225,777,412.47, a substantial increase from CNY 9,185,485.23 in the same period of 2020[24]. - Cash inflow from operating activities totaled CNY 383,212,293.00, compared to CNY 138,125,519.68 in the previous year, representing an increase of about 177.6%[24]. - The net cash flow from investing activities was CNY 37,411,430.13, significantly higher than CNY 3,190,076.73 in the same period last year[25]. - The ending balance of cash and cash equivalents as of September 30, 2021, was CNY 792,722,325.20, up from CNY 464,446,825.61 at the end of Q3 2020[25]. Market and Operational Insights - The company attributed the decline in operating revenue to increased market competition and rising raw material prices, which affected the sales volume of air conditioning products[11]. - The company confirmed that the increase in net profit was primarily due to investment income from other equity instruments recognized during the reporting period[10]. - The company continues to explore market expansion opportunities and new product development strategies to enhance growth prospects[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,911[12]. - The company's equity attributable to shareholders was ¥2,104,476,696.33, compared to ¥2,057,320,379.17 at the end of 2020, indicating a growth of 2.3%[18].