CRRC(SH:601766)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 48,995,606, representing a decrease of 13.08% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was CNY 2,471,939, down 20.27% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,827,399, a decrease of 17.91% compared to the same period last year[4]. - Total profit for Q3 2021 was CNY 9,106,099 thousand, a decrease of 9.4% from CNY 10,050,523 thousand in Q3 2020[26]. - Net profit attributable to shareholders of the parent company was CNY 6,460,595 thousand, down 4.9% from CNY 6,793,205 thousand in the same period last year[26]. - Basic earnings per share for Q3 2021 was CNY 0.23, slightly down from CNY 0.24 in Q3 2020[27]. - The total operating revenue for the first three quarters of 2021 was approximately 144.46 billion RMB, a decrease of 0.9% compared to 145.77 billion RMB in the same period of 2020[24]. - The operating profit for the first three quarters of 2021 was approximately 8.65 billion RMB, down from 9.82 billion RMB in the same period of 2020, reflecting a decline of 11.4%[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 447,424,066, an increase of 14.03% from the end of the previous year[5]. - The total assets of the company reached approximately 447.42 billion RMB, an increase of 14.1% from 392.38 billion RMB at the end of 2020[23]. - The total liabilities increased to approximately 268.34 billion RMB, up 20.2% from 223.24 billion RMB at the end of 2020[22]. - The balance of accounts receivable increased to approximately 93.11 billion RMB, up 29.3% from 71.97 billion RMB at the end of 2020[21]. - The company’s inventory as of September 30, 2021, was approximately 78.37 billion RMB, an increase of 24.5% from 62.97 billion RMB at the end of 2020[21]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 1,418,588, a decrease in outflow of CNY 13.749 billion compared to the same period last year[8]. - Cash inflow from investment activities totaled CNY 37,178,026 thousand, compared to CNY 40,969,325 thousand in the same period last year[28]. - Cash outflow from financing activities was CNY 69,305,131 thousand, an increase from CNY 62,569,533 thousand in Q3 2020[29]. - The net cash flow from financing activities was CNY 19,746,290 thousand, up from CNY 16,373,093 thousand in the previous year[29]. - The ending balance of cash and cash equivalents was CNY 31,270,056 thousand, compared to CNY 22,154,675 thousand at the end of Q3 2020[29]. - The company's cash and cash equivalents increased to approximately 43.18 billion RMB as of September 30, 2021, compared to 33.49 billion RMB at the end of 2020, representing a growth of 28.9%[21]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 724,911, with the largest shareholder, CRRC Group, holding 14,558,389,450 shares, accounting for 50.73% of the total shares[13]. - The top ten shareholders collectively hold a significant portion of the shares, with HKSCC NOMINEES LIMITED holding 4,358,735,154 shares, representing 15.19%[14]. - The company reported a total of 722,225 A-share shareholders and 2,686 H-share shareholders at the end of the reporting period[15]. - CRRC Group increased its holdings by 177,863,000 H shares, bringing its total holdings to 14,736,252,450 shares, approximately 51.35% of the total issued shares[15]. - The company has a diverse shareholder base, with multiple asset management plans holding 234,982,900 shares each, indicating strong institutional interest[15]. Corporate Governance and Compliance - The company appointed a new secretary of the board, Wang Jian, on October 15, 2021, following the resignation of the previous secretary[17]. - The company continues to provide performance guarantees for its subsidiaries despite the management transfer of South Africa CRRC[17]. - The report highlights the importance of monitoring related party transactions to avoid potential financial issues[17]. - The company is focused on maintaining transparency and compliance with regulatory requirements following recent executive changes[17]. Business Operations - The company signed new orders worth approximately CNY 147.6 billion in the first nine months of 2021, with international contracts accounting for about CNY 21.1 billion[11]. - The revenue from the railway equipment business decreased by 6.60% year-on-year, primarily due to a decline in income from high-speed trains and freight cars[11]. - The revenue from new industries increased by 8.20% year-on-year, mainly due to an increase in component sales[11]. - The company reported a research and development expense of approximately 7.56 billion RMB for the first three quarters of 2021, slightly down from 7.68 billion RMB in the same period of 2020[24].