Huati Tech(SH:603679)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥97,601,954.05, a decrease of 37.23% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥20,360,183.65, with a year-to-date net profit of ¥10,343,996.34, reflecting an 80.77% decline year-on-year[5]. - The basic earnings per share for the quarter was -¥0.1454, down 80.87% from ¥0.0731 in the previous year[6]. - The total profit for Q3 2021 was ¥6,555,127.80, a significant decrease from ¥59,296,498.12 in Q3 2020, indicating a decline of approximately 89% year-over-year[20]. - The net profit for Q3 2021 was ¥10,200,697.13, compared to ¥54,061,767.57 in the same period last year, reflecting a decrease of about 81%[21]. - The basic earnings per share for Q3 2021 was ¥0.0731, down from ¥0.3822 in Q3 2020, representing a decline of approximately 81%[21]. - The company's net profit for the first three quarters of 2021 was CNY 3,755,788.58, a significant decline from CNY 57,938,925.24 in the previous year[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,527,551,193.16, a decrease of 3.20% from the previous year-end[6]. - Cash and cash equivalents as of September 30, 2021, amounted to CNY 150,782,060.16, down from CNY 288,455,910.33 at the end of 2020, representing a decrease of 47.8%[15]. - Accounts receivable increased to CNY 430,601,390.06 as of September 30, 2021, compared to CNY 414,891,208.31 at the end of 2020, indicating a rise of 3.8%[15]. - Inventory levels rose to CNY 157,571,251.72, up from CNY 122,526,467.11 at the end of 2020, marking an increase of 28.6%[15]. - The total assets of the company as of September 30, 2021, were CNY 1,527,551,193.16, a decrease from CNY 1,578,122,399.91 at the end of 2020, reflecting a decline of 3.2%[16]. - Total liabilities decreased to CNY 738,920,802.54 from CNY 790,402,323.26 at the end of 2020, a reduction of 6.5%[17]. - The company's equity attributable to shareholders was CNY 772,588,064.66, slightly down from CNY 774,169,451.48 at the end of 2020[17]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥24,227,783.74 for the year-to-date period[6]. - Cash flow from operating activities for the first nine months of 2021 was negative at -¥24,227,783.74, an improvement from -¥75,925,391.56 in the same period of 2020[23]. - Cash inflow from investment activities in Q3 2021 was ¥253,262,881.24, compared to only ¥15,150.00 in Q3 2020, showing a substantial increase[23]. - The net cash flow from financing activities for Q3 2021 was -¥72,968,190.36, a significant decrease from a positive cash flow of ¥181,618,517.71 in Q3 2020[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,042[11]. - Major shareholders include Liang Xi with 17.09% and Liang Yuxiang with 14.01% of the shares, both of whom have pledged a portion of their holdings[12]. Operating Costs and Expenses - Total operating revenue for the first three quarters of 2021 was CNY 444,734,295.49, a decrease of 14.8% compared to CNY 522,049,038.64 in the same period of 2020[19]. - Total operating costs for the first three quarters of 2021 were CNY 409,902,410.04, down from CNY 452,359,141.25 in 2020, reflecting a reduction of 9.4%[19]. - Research and development expenses for the first three quarters of 2021 were CNY 20,236,085.76, compared to CNY 20,778,864.11 in the same period of 2020, showing a decrease of 2.6%[19]. Impairment and Losses - The company reported a significant increase in credit impairment losses, contributing to the decline in net profit[9]. - Non-recurring gains and losses for the quarter totaled ¥1,623,681.91, down from ¥5,797,845.11 year-to-date[9].