XIAC(SH:600897)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 274,323,112.56, a decrease of 22.54% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 18,494,783.90, down 77.62% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,373,877.49, a decline of 94.02% compared to the previous year[5]. - The basic and diluted earnings per share for Q3 2021 were both CNY 0.0621, reflecting a decrease of 77.62% year-on-year[6]. - The weighted average return on equity was 0.48%, a decrease of 1.79 percentage points compared to the same period last year[6]. - The total operating revenue for the first three quarters of 2021 reached ¥1,017,326,701.69, an increase of 22% compared to ¥834,780,222.85 in the same period of 2020[21]. - The net profit for the first three quarters of 2021 was ¥183,301,084.09, representing a 68% increase from ¥109,143,952.11 in the same period of 2020[22]. - The profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥162,973,575.98, compared to ¥96,870,305.23 in the previous year, marking a 68% increase[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,914,885,673.04, an increase of 6.41% from the end of the previous year[6]. - As of September 30, 2021, the total current assets amounted to approximately CNY 1.79 billion, an increase from CNY 1.53 billion at the end of 2020, reflecting a growth of about 17%[17]. - The total assets as of the end of the third quarter of 2021 amounted to ¥4,914,885,673.04, an increase from ¥4,734,924,767.19 at the end of the previous year[19]. - The total liabilities as of the end of the third quarter of 2021 were ¥794,737,664.90, compared to ¥746,556,713.14 at the end of the previous year[19]. - Current liabilities totaled CNY 734,645,534.21, slightly down from CNY 748,256,183.16 at the start of the year, a decrease of 1.8%[29]. - Non-current liabilities totaled 11,911,178.93, contributing to the overall liabilities[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 370,919,322.42, an increase of 40.99% compared to the same period last year[6]. - Operating cash inflow for the first three quarters of 2021 was CNY 1,318,125,991.52, up from CNY 914,735,568.78 in the same period of 2020, representing a growth of 44.2%[25]. - Net cash flow from operating activities increased to CNY 370,919,322.42 in 2021 from CNY 263,079,709.32 in 2020, marking a rise of 41.1%[25]. - Cash inflow from investment activities totaled CNY 2,906,784,806.12, compared to CNY 1,991,246,321.19 in the previous year, an increase of 46.0%[26]. - The net cash flow from investment activities was negative CNY 425,390,988.48, worsening from negative CNY 37,830,897.38 in 2020[26]. Shareholder Information - The company reported a total of 17,500 common shareholders at the end of the reporting period[12]. - The first major shareholder, Xiamen Xiangye Group Co., Ltd., holds 68% of the shares, indicating a strong control over the company[14]. - The company has not disclosed any significant changes in shareholder relationships or actions among the top ten shareholders during the reporting period[14]. Business Strategy and Operations - The company experienced a significant decline in net profit for Q3 due to the impact of the pandemic, which led to a decrease in revenue[10]. - The total revenue for Q3 2021 significantly decreased due to the impact of local COVID-19 outbreaks, leading to a notable decline in transportation production data[15]. - The company is actively introducing new business models, including cargo charter flights, to enhance operational efficiency amid pandemic challenges[15]. - The company has implemented cost-reduction and efficiency-improvement measures to mitigate the impact of the pandemic on operations[15]. - The company plans to expand its market presence and explore potential mergers and acquisitions to enhance growth opportunities[24]. - Research and development expenses were reported, indicating ongoing investment in innovation and new product development[22]. Compliance and Standards - The company adopted new leasing standards starting in 2021, impacting the financial statements[27]. - The company executed a new leasing standard from January 1, 2021, adjusting certain long-term prepaid expenses to "right-of-use assets"[30]. - The company recognized lease liabilities of 38,909,419.45 under the new leasing standard[30].