HAGG(SH:601177)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥416,438,980.41, a decrease of 18.27% compared to the same period last year[3]. - Net profit attributable to shareholders for the same period was ¥32,064,160.12, an increase of 15.74% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥27,610,887.02, up 18.71% year-on-year[3]. - Basic earnings per share for Q3 2021 were ¥0.0801, reflecting an increase of 15.75% compared to the previous year[4]. - Net profit for the third quarter of 2021 was ¥157,120,593.41, up from ¥102,488,009.92 in the same quarter of 2020, reflecting a growth of approximately 53.3%[20]. - Earnings per share for the third quarter of 2021 were ¥0.3460, compared to ¥0.1850 in the same quarter of 2020, marking an increase of about 87%[21]. - The company reported an investment income of ¥122,276,605.83 for the first three quarters of 2021, significantly higher than ¥62,467,064.80 in 2020, reflecting a growth of approximately 95.7%[19]. - The total comprehensive income for the third quarter of 2021 was ¥194,261,793.16, compared to ¥85,616,819.66 in the same quarter of 2020, indicating a substantial increase of approximately 126.6%[21]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,376,340,050.99, representing an increase of 8.99% from the end of the previous year[4]. - Current assets totaled RMB 1,968,744,746.11, up from RMB 1,788,574,455.89 in the previous year, indicating an increase of about 10%[13]. - Total liabilities reached RMB 1,868,423,697.57, up from RMB 1,525,710,590.88, reflecting an increase of approximately 22%[14]. - The total liabilities as of the third quarter of 2021 amounted to ¥2,424,292,334.61, an increase from ¥2,130,239,869.36 in the previous year[19]. - The total equity attributable to shareholders of the parent company was ¥1,887,979,937.13, compared to ¥1,720,478,647.03 in the same period of 2020, indicating an increase of about 9.8%[19]. - Total liabilities stood at ¥2,130,239,869.36, with total equity at ¥1,884,939,497.93, resulting in total assets of ¥4,015,179,367.29[27]. Cash Flow - Cash flow from operating activities showed a significant decline, totaling ¥64,648,452.63, down 67.90% year-on-year[3]. - Cash inflow from operating activities for the first three quarters of 2021 was ¥1,381,786,350.50, compared to ¥992,940,207.93 in 2020, representing a growth of approximately 39.1%[22]. - The net cash flow from operating activities for Q3 2021 was ¥64,648,452.63, a decrease of 67.9% compared to ¥201,381,260.39 in Q3 2020[23]. - The total cash inflow from investment activities was ¥332,096,483.26, significantly higher than ¥64,105,219.80 in the same period last year[23]. - The net cash flow from investment activities was -¥21,501,858.50, contrasting with a positive cash flow of ¥33,084,781.54 in Q3 2020[23]. - The cash flow from financing activities showed a net outflow of -¥98,174,133.79, compared to -¥242,698,085.06 in Q3 2020, indicating an improvement[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,581[10]. - The company has a major shareholder, Hangzhou Xiaoshan State-owned Assets Management Group Co., Ltd., holding 25.02% of shares[11]. - The company has a total of 10 major shareholders, with the top two holding nearly 45% of the shares combined[11]. Other Financial Metrics - The return on equity (ROE) increased to 1.84%, up by 0.17 percentage points compared to the previous year[4]. - The company reported a significant increase in non-recurring gains, contributing to the overall profit growth[8]. - The company reported an undistributed profit of ¥389,283,532.30, indicating retained earnings for future growth[27]. Changes in Accounting Standards - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[24]. - The implementation of the new leasing standards from January 1, 2021, requires the recognition of right-of-use assets and lease liabilities for all leases except short-term and low-value asset leases[28].