Bohai Ferry (SH:603167)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 321,453,936.71, representing a year-on-year increase of 6.93%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 29,325,971.26, a decrease of 63.59% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 14,154,866.51, down 45.08% year-on-year[5] - The basic earnings per share for Q3 2021 was CNY 0.06, a decrease of 64.71% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached RMB 1,008,567,226.16, an increase of 26.2% compared to RMB 799,134,820.90 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥166,398,569.77, representing a 68.5% increase from ¥98,947,994.93 in the first three quarters of 2020[22] - Total profit for the first three quarters of 2021 was ¥236,462,453.98, compared to ¥148,430,386.25 in the same period of 2020, marking a growth of 59.2%[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,034,435,030.36, a decrease of 4.25% from the end of the previous year[6] - As of September 30, 2021, total assets amounted to RMB 5,034,435,030.36, down from RMB 5,258,071,928.43 at the end of 2020, representing a decrease of 4.3%[18] - Total liabilities as of September 30, 2021, were RMB 1,322,609,553.20, a decrease of 21% from RMB 1,673,163,234.84 at the end of 2020[18] - The company's total equity as of September 30, 2021, was RMB 3,711,825,477.16, an increase from RMB 3,584,908,693.59 at the end of 2020, representing a growth of 3.5%[18] - The total cash and cash equivalents at the end of the period were ¥161,703,372.72, down from ¥190,653,429.20 at the end of the same period in 2020[25] - The total liabilities decreased from ¥1,017,407,771.34 to ¥996,301,838.54, indicating a decline of about 2.1%[28] - Total liabilities decreased by 73,847,802.60, from 1,673,163,234.84 to 1,599,315,432.24[29] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 208,480,513.22, down 11.43% year-on-year[6] - Cash inflow from operating activities totaled ¥1,012,252,250.33 for the first three quarters of 2021, compared to ¥906,524,736.06 in the same period of 2020, reflecting a growth of 11.7%[24] - The net cash flow from operating activities for the first three quarters of 2021 was ¥208,480,513.22, a decrease of 11.4% compared to ¥235,372,799.24 in the same period of 2020[25] - Cash inflow from financing activities amounted to ¥693,814,084.60, which is an increase of 265.5% compared to ¥190,019,713.00 in the same period last year[25] - The net cash flow from financing activities was -¥292,725,887.56, an improvement from -¥823,258,528.94 in the previous year, indicating a reduction in cash outflow by approximately 64.4%[25] Investments and Expenses - The company received government subsidies amounting to CNY 21,969,017.96 during the reporting period[8] - The company reported a financial expense of -¥15,672,391.72 in the first three quarters of 2021, a significant improvement from ¥25,652,581.69 in the same period of 2020[21] - Investment income for the first three quarters of 2021 was ¥27,119,201.14, a recovery from a loss of -¥5,095,616.50 in the same period of 2020[21] - Tax expenses for the first three quarters of 2021 amounted to ¥70,063,884.21, an increase from ¥49,482,391.32 in the same period of 2020[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,853[13] - The company's retained earnings increased to RMB 1,799,743,885.24 from RMB 1,703,342,336.94, showing a growth of 5.7%[18] Inventory and Receivables - Accounts receivable increased significantly to RMB 62,943,601.87 from RMB 27,460,524.19, marking a growth of 129%[16] - Inventory levels rose to RMB 105,609,063.37, up from RMB 69,766,401.98, indicating a 51.4% increase[16] Changes in Accounting Standards - The company implemented new leasing standards starting in 2021, which may impact future financial reporting and asset management strategies[26] - The company adopted the new leasing standards effective January 1, 2021, impacting the financial statements[29]