威奥股份(605001) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥170,086,592.10, representing a decrease of 3.86% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥18,561,498.74, with a year-to-date decrease of 534.34% to -¥119,509,915.16[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥25,593,098.54, reflecting a year-to-date decrease of 1,192.46%[5]. - Total operating revenue for the first three quarters of 2021 was CNY 388,008,186.20, a decrease of 45.2% compared to CNY 709,664,776.50 in the same period of 2020[19]. - Net profit for the third quarter of 2021 was a loss of CNY 119,352,633.50, compared to a profit of CNY 26,179,189.54 in the same quarter of 2020[20]. - The total comprehensive income for the third quarter of 2021 was CNY -119,365,275.35, compared to CNY 23,612,760.03 in the same quarter of 2020[21]. - Basic and diluted earnings per share for the third quarter of 2021 were both CNY -0.30, compared to CNY 0.11 in the same quarter of 2020[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,618,668,753.17, down 5.39% from the end of the previous year[6]. - The total current assets decreased to ¥3,080,055,837.08 from ¥3,416,991,282.51, indicating a decline of about 9.9%[15]. - The total liabilities include short-term borrowings of ¥636,990,227.99, down from ¥771,197,750.90, indicating a decrease of about 17.4%[15]. - The company's total liabilities decreased to CNY 1,914,193,038.46 from CNY 2,002,251,039.95 year-over-year[17]. - The total liabilities were reported at ¥3,424,991,282.51, indicating a stable financial position[28]. - Total liabilities amounted to ¥2,002,251,039.95, a decrease of ¥10,375,018.79 compared to the previous period[29]. Shareholder Equity - The equity attributable to shareholders decreased by 6.35% to ¥2,691,803,705.20 compared to the end of the previous year[6]. - The total equity attributable to shareholders decreased to CNY 2,691,803,705.20 from CNY 2,874,353,374.86 year-over-year[17]. - The company has a major shareholder, Su Qingyan, holding 24.91% of shares, with 97,869,925 shares pledged[11]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest shareholder holding nearly 25%[11]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥61,045,252.68, attributed to reduced cash payments for procurement and taxes[9]. - The net cash flow from operating activities for Q3 2021 was ¥61,045,252.68, a significant improvement compared to a net outflow of ¥120,738,961.66 in Q3 2020[24]. - Total cash inflow from investment activities was ¥2,556,401,488.10, while cash outflow was ¥2,874,491,486.15, resulting in a net cash flow from investment activities of -¥318,089,998.05[25]. - Cash inflow from financing activities amounted to ¥534,880,669.33, with cash outflow totaling ¥785,420,518.65, leading to a net cash flow from financing activities of -¥250,539,849.32[25]. - The total cash and cash equivalents at the end of Q3 2021 stood at ¥440,957,108.54, down from ¥949,700,208.83 at the beginning of the period[25]. Operational Challenges - The decrease in operating revenue and net profit was primarily due to reduced orders related to the company's main business of new and maintenance services for high-speed trains, impacted by industry conditions and the pandemic[9]. - The company reported a significant increase in financial expenses, totaling CNY 52,654,002.02 for the first three quarters of 2021, compared to CNY 16,798,601.94 in the previous year[19]. Inventory and Investments - The inventory increased to ¥818,935,838.48 from ¥677,449,243.25, reflecting an increase of approximately 21%[15]. - The long-term equity investments rose to ¥92,744,233.11 from ¥73,595,391.53, showing an increase of approximately 26%[15]. - Research and development expenses for the first three quarters of 2021 were CNY 47,285,115.23, an increase of 14.4% compared to CNY 41,307,395.15 in the same period of 2020[19]. Accounting Changes - The company has initiated the first-time implementation of new leasing standards, which may impact future financial reporting[25]. - The company recognized a lease liability increase of ¥10,558,220.37 due to the new leasing standards effective from January 1, 2021[30]. - The company adjusted the right-of-use assets by ¥7,777,080.15 as part of the accounting policy change[30].