XUELONG(SH:603949)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥94,862,335.52, a decrease of 20.48% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥21,878,063.91, down 41.46% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,051,789.73, a decline of 52.15% compared to the previous year[6]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.10, representing a decrease of 44.44%[7]. - The weighted average return on equity decreased by 1.97 percentage points to 2.21% in Q3 2021[7]. - For the first nine months of 2021, the company's revenue was CNY 372.50 million, representing a year-over-year increase of 9.64%[17]. - The net profit for the same period was CNY 102.20 million, showing a year-over-year growth of 4.86%[17]. - In Q3 2021, the company's revenue was CNY 94.86 million, which is a decline of 20.48% compared to the same period last year[17]. - The net profit for Q3 2021 was CNY 21.88 million, down 41.46% year-over-year[17]. - Total operating revenue for the first three quarters of 2021 reached ¥372,496,786.95, an increase from ¥339,742,505.57 in the same period of 2020, representing a growth of approximately 9.3%[25]. - Net profit for the first three quarters of 2021 was ¥102,196,322.65, compared to ¥97,457,886.80 in 2020, reflecting a growth of approximately 4.0%[26]. - The total comprehensive income for the first three quarters of 2021 was ¥102,196,322.65, compared to ¥97,457,886.80 in 2020, reflecting an increase of approximately 4.0%[27]. Assets and Equity - Total assets at the end of the reporting period were ¥1,085,968,332.96, an increase of 0.84% from the beginning of the year[7]. - The equity attributable to shareholders increased by 4.08% to ¥1,000,711,828.14 compared to the end of the previous year[7]. - The company's total assets as of the end of Q3 2021 amounted to ¥1,085,968,332.96, slightly up from ¥1,076,910,783.88 at the end of Q3 2020[22]. - The company's equity attributable to shareholders increased to ¥1,000,711,828.14 in Q3 2021 from ¥961,457,335.49 in Q3 2020, marking an increase of about 4.9%[22]. Cash Flow - The company reported cash flows from operating activities of ¥99,204,550.36 for the year-to-date period[7]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 380,165,006.61, a significant increase of 81.7% compared to CNY 209,167,975.76 in the same period of 2020[29]. - The net cash flow from operating activities for Q3 2021 was CNY 99,204,550.36, compared to CNY 22,427,080.36 in Q3 2020, reflecting a growth of 341.5%[30]. - The cash inflow from investment activities in the first three quarters of 2021 was CNY 608,142,287.91, up from CNY 91,612,970.74 in the same period of 2020, marking a growth of 563.5%[30]. - The net cash flow from investment activities for Q3 2021 was -CNY 107,055,813.41, an improvement from -CNY 310,885,765.96 in Q3 2020[30]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 44,731,569.28, down from CNY 121,607,601.36 at the end of Q3 2020[31]. Production and Market Challenges - The decrease in revenue and profit was primarily due to a reduction in customer orders during Q3 2021[11]. - The company experienced a year-to-date revenue increase of 9.64% due to increased customer demand[11]. - The production of heavy-duty commercial vehicles in Q3 2021 was 184,800 units, a decrease of 57.77% compared to the same period last year due to the implementation of the National VI emission standards[18]. - The company faced challenges due to a shortage of automotive-grade chips, impacting engine production and subsequently the output of National VI commercial vehicles[17]. - Rising raw material prices have increased the company's cost pressures, affecting overall profitability[18]. Shareholder Information - The top shareholder, Hong Kong Green Source Holdings Limited, holds 19.95% of the shares, while the second-largest shareholder, Ningbo Versailles Investment Holdings Limited, holds 15%[16]. - The company has a total of 8,926 common stock shareholders at the end of the reporting period[16].