SIFANG(SH:601126)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,138,949,747.25, a decrease of 14.05% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥134,010,340.32, down 28.18% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥122,074,202.65, a decrease of 30.03% compared to the previous year[7]. - The basic earnings per share for Q3 2021 was ¥0.1648, reflecting a decline of 30.81% year-on-year[8]. - The diluted earnings per share for Q3 2021 was also ¥0.1648, down 30.81% from the same period last year[8]. - The weighted average return on equity for Q3 2021 was 3.60%, a decrease of 1.16 percentage points compared to the previous year[8]. - Total operating revenue for the first three quarters of 2021 reached ¥3,102,897,719.11, an increase of 13.8% compared to ¥2,726,604,853.40 in the same period of 2020[30]. - Total operating costs for the first three quarters of 2021 were ¥2,723,485,550.61, up from ¥2,436,736,796.35 in 2020, reflecting a growth of 11.8%[30]. - Net profit for the third quarter of 2021 was ¥384,872,785.03, compared to ¥237,063,872.94 in the same quarter of 2020, representing a year-over-year increase of 62.5%[31]. - Basic earnings per share for the third quarter of 2021 were ¥0.4729, up from ¥0.3109 in the same quarter of 2020, indicating a growth of 52%[33]. - Total profit for the third quarter of 2021 was ¥469,462,186.01, compared to ¥293,218,486.64 in the same quarter of 2020, marking a growth of 60%[31]. - The total comprehensive income for the third quarter of 2021 was ¥384,804,384.62, compared to ¥236,750,989.16 in the same quarter of 2020, reflecting a significant increase[33]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥6,677,469,692.48, a decrease of 2.64% from the end of the previous year[8]. - The equity attributable to shareholders at the end of Q3 2021 was ¥3,796,032,548.17, down 8.69% from the end of the previous year[8]. - As of September 30, 2021, the company's total assets amounted to CNY 6,677,469,692.48, a decrease from CNY 6,858,428,888.24 at the end of 2020, representing a decline of approximately 2.63%[22]. - The company's total liabilities increased to CNY 2,879,154,290.65 from CNY 2,699,052,020.92, representing an increase of about 6.67%[27]. - The company's total equity attributable to shareholders decreased to CNY 3,796,032,548.17 from CNY 4,157,408,719.46, reflecting a decline of about 8.68%[27]. - Total current liabilities rose to CNY 2,846,234,059.72 from CNY 2,674,740,014.30, which is an increase of approximately 6.42%[27]. - The total current liabilities rose to 2,679,990,111.99 RMB, an increase of 5,250,097.69 RMB compared to the previous period[43]. - Total liabilities amounted to approximately 2.699 billion, a slight decrease from 2.722 billion in the previous period, reflecting a change of about 0.85%[46]. Cash Flow and Investments - The company reported a cash flow from operating activities of ¥371,215,347.12 for the year-to-date, a decrease of 23.71% year-on-year[7]. - Cash flow from operating activities for the first three quarters of 2021 was ¥371,215,347.12, a decrease from ¥486,559,923.69 in the same period of 2020[35]. - The net cash flow from investing activities was -18,997,687.53 RMB, a decrease from -72,518,618.10 RMB in the previous period[38]. - Total cash and cash equivalents at the end of the period amounted to 1,677,633,353.66 RMB, down from 2,126,907,443.12 RMB at the beginning of the period[38]. - The company reported cash inflows from financing activities of 90,140,180.00 RMB, primarily from other financing activities[38]. - Cash outflows from financing activities totaled 800,348,560.01 RMB, with significant payments for debt repayment and dividends[38]. Inventory and Receivables - Accounts receivable stood at CNY 1,053,663,977.06, slightly down from CNY 1,063,618,868.30, indicating a decrease of approximately 0.93%[22]. - Inventory increased to CNY 1,185,942,378.45 from CNY 1,080,506,032.94, marking an increase of around 9.77%[22]. - The company’s inventory stood at 1,080,506,032.94 RMB, indicating stable inventory management[41]. Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥321,229,374.24, an increase of 28.9% from ¥249,005,676.96 in 2020[30]. - The company’s development expenditure increased to CNY 32,080,832.82 from CNY 26,675,076.36, reflecting an increase of approximately 20.00%[25]. Other Financial Metrics - The company experienced a credit impairment loss of ¥13,398,407.92 in the first three quarters of 2021, a recovery from a loss of ¥46,890,154.09 in the same period of 2020[30]. - The company attributed the decline in net profit for Q3 2021 to a decrease in completed delivery contract amounts compared to the same period last year[12]. - The company implemented new leasing standards starting January 1, 2021, affecting the accounting treatment of "right-of-use assets" and "lease liabilities" without adjusting prior period information[48].