TRIANGLE TYRE(SH:601163)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,112,498,388.90, a decrease of 10.11% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 138,094,256.84, down 61.73% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 87,455,296.91, a decline of 72.51% compared to the previous year[5]. - The basic earnings per share for Q3 2021 was CNY 0.17, representing a decrease of 62.22% year-on-year[7]. - Total operating revenue for the first three quarters of 2021 reached ¥6,651,294,163.73, an increase of 7.1% compared to ¥6,210,800,393.87 in the same period of 2020[24]. - Net profit for the third quarter of 2021 was ¥485,628,050.42, a decrease of 40.5% compared to ¥817,504,835.77 in the same quarter of 2020[27]. - The total comprehensive income for the current period is CNY 488,653,007.14, compared to CNY 825,506,607.20 in the previous period, reflecting a decrease of approximately 41%[29]. - Basic and diluted earnings per share for the current period are both CNY 0.61, down from CNY 1.02 in the previous period, indicating a decline of about 40%[29]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,574,176,098.88, a decrease of 0.48% from the end of the previous year[8]. - The company's current assets totaled RMB 10,775,293,574.04, compared to RMB 10,649,813,787.86 in the previous year, indicating a growth of approximately 1.18%[19]. - The company's total liabilities amounted to ¥5,541,798,467.27, a slight decrease from ¥5,792,509,049.01 in the previous year[24]. - The total current liabilities amounted to approximately $5.20 billion, a decrease of $13.85 million compared to the previous period[40]. - Non-current liabilities totaled approximately $592.25 million, a slight decrease of $1.46 million compared to the previous period[40]. - The largest shareholder, Triangle Group Co., Ltd., held 56.84% of the shares[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 6,170,366.37, down 99.30% compared to the same period last year[5]. - Cash inflow from operating activities totaled CNY 5,202,341,470.07, an increase of approximately 21% from CNY 4,299,941,441.52 in the previous period[32]. - Cash outflow from operating activities amounted to CNY 5,196,171,103.70, compared to CNY 3,422,147,286.88 in the previous period, representing an increase of about 52%[32]. - The company received CNY 4,943,261,067.17 in cash from sales of goods and services, an increase of approximately 22% from CNY 4,043,431,276.91 in the previous period[29]. - The total cash outflow for investment activities was CNY 2,137,381,889.51, down from CNY 8,185,619,984.11 in the previous period, indicating a reduction of about 74%[32]. Inventory and Fixed Assets - Inventory levels increased significantly to RMB 1,367,496,695.98 from RMB 873,358,034.97, reflecting a year-over-year growth of about 56.5%[19]. - The company reported a total of RMB 4,673,360,905.51 in fixed assets, a decrease from RMB 4,980,598,807.74, indicating a decline of about 6.1%[19]. Government Support and Subsidies - The company received government subsidies amounting to CNY 12,327,015.31 year-to-date, which are closely related to its normal business operations[9]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥321,136,696.24, a decrease from ¥336,486,148.32 in the same period of 2020[27]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[28].