HUALI(SH:603038)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 266,657,697.58, a decrease of 2.41% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 10,801,096.76, down 56.35% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY -3,052,594.41, a decline of 114.09% compared to the previous year[5]. - The basic and diluted earnings per share were both CNY 0.05, a decrease of 58.33% from the same period last year[6]. - Operating revenue for the year-to-date reached 46.54 million, driven by a year-on-year increase in sales performance[10]. - Operating costs for the year-to-date amounted to 59.73 million, primarily due to the growth in sales performance[10]. - The company reported a financial expense of -113.15 million for the year-to-date, mainly due to increased interest income[10]. - The company achieved a total profit of ¥33,594,314.91 in Q3 2021, compared to ¥3,538,190.82 in Q3 2020, reflecting a growth of 850.5%[22]. - Operating profit for Q3 2021 was ¥21,288,879.69, compared to ¥4,478,210.36 in Q3 2020, reflecting a growth of 376.5%[22]. - Net profit for the first three quarters of 2021 was ¥32,245,175.52, up from ¥9,529,160.32 in the same period last year, marking an increase of 237.5%[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,924,933,080.68, an increase of 19.96% compared to the end of the previous year[6]. - The company's total assets were reported at 1,604,608,816.66 CNY, with no significant adjustments noted[31]. - Current assets totaled RMB 925,300,391.58, up from RMB 699,620,407.93 at the end of 2020, indicating a growth of about 32.3%[18]. - Total liabilities increased to RMB 569,917,671.65 from RMB 516,428,000.36, reflecting a rise of about 10.3%[20]. - The company’s long-term borrowings increased to RMB 155,754,003.73 from RMB 39,172,831.04, indicating a substantial rise of about 297%[20]. - Total non-current assets were 904,988,408.73 CNY, reflecting an increase of 2,404,604.48 CNY due to the implementation of new leasing standards[30]. Shareholder Equity - The equity attributable to shareholders increased by 23.36% to CNY 1,334,951,006.02 compared to the end of the previous year[6]. - The company’s minority shareholders' equity at the end of the reporting period was 232.85 million, due to the establishment of a controlling subsidiary and the capital contributions from minority shareholders[10]. - The company’s total equity attributable to shareholders was 1,082,152,786.52 CNY, showing a minor decrease of 1,515.55 CNY[31]. Cash Flow - The cash flow from operating activities was CNY -66,779,308.59 for the year-to-date[6]. - Cash flow from operating activities for the first three quarters of 2021 showed a net outflow of ¥66,779,308.59, worsening from a net outflow of ¥32,741,000.63 in the same period of 2020[25]. - The company reported a cash outflow of 38,160,156.56 CNY in cash and cash equivalents, an improvement from the outflow of 118,064,903.63 CNY in the previous year[26]. - The total cash and cash equivalents at the end of the period were 136,651,892.33 CNY, down from 149,922,328.71 CNY year-over-year[26]. Investments and Financing - The company raised 395.50 million through a private placement of shares during the reporting period[11]. - The company completed a private placement of 22,542,830 shares, raising a total of RMB 249,999,984.70, with a net amount of RMB 240,020,822.58 after deducting issuance costs[16]. - The net cash flow from financing activities was 264,072,692.86 CNY, a significant increase compared to 53,293,651.58 CNY in the previous year[26]. - Investment activities resulted in a net cash outflow of ¥235,707,879.55 in the first three quarters of 2021, compared to a net outflow of ¥138,836,633.53 in the same period last year[25]. Inventory and Receivables - Accounts receivable increased by 127.44% primarily due to an increase in endorsed but unconfirmed bills[9]. - Inventory rose by 57.83% as a result of increased sales performance and higher stock of raw materials and finished goods[9]. - Inventory increased significantly to RMB 157,363,645.01 from RMB 99,707,260.48, representing a growth of about 57.7%[19]. - The company’s prepayments increased to 104.97 million, mainly due to an increase in advance rental payments[10].