动力B股(900920) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,921,456,632.11, a decrease of 39.75% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 114,779,264.75, an increase of 26.52% year-on-year[3]. - The net profit after deducting non-recurring gains and losses for Q3 2021 was CNY 114,286,209.34, a significant increase of 281.02% compared to the previous year[3]. - The basic earnings per share for Q3 2021 was CNY 0.092, up 10.15% from CNY 0.083 in the same period last year[3]. - The company achieved a revenue of 21.012 billion RMB in the first nine months of 2021, representing a year-on-year growth of 8.21%[12]. - The net profit attributable to the parent company was 473.73 million RMB, an increase of 17.19% year-on-year[12]. - Net profit for the first three quarters of 2021 was ¥595,654,041.89, slightly down from ¥599,302,121.58 in 2020, showing a decrease of approximately 0.4%[18]. - The company's net profit attributable to the parent company for Q3 2021 was CNY 480,763,447.08, an increase of 14.6% compared to CNY 419,442,964.40 in Q3 2020[19]. - The total comprehensive income for Q3 2021 was CNY 602,689,631.10, slightly down from CNY 614,501,018.56 in the same period last year[19]. - Basic earnings per share for Q3 2021 increased to CNY 0.420 from CNY 0.370 in Q3 2020, representing a growth of 13.5%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,527,997,695.88, a decrease of 8.82% from the end of the previous year[3]. - Cash and cash equivalents decreased by 56.60%, primarily due to increased payables for vehicle business and payments for equity investments[7]. - Accounts receivable increased by 139.81%, driven by increased credit invoicing for vehicle dealers and higher sales of diesel engines[7]. - Inventory decreased by 61.92%, influenced by the transition to new emission standards and accelerated sales of National V vehicles[7]. - Long-term equity investments surged by 353.97% following the completion of significant asset restructuring in August 2021[7]. - The total assets of the company as of September 30, 2021, were ¥21,527,997,695.88, down from ¥23,611,321,739.54 at the end of 2020, indicating a decrease of approximately 8.8%[15]. - The total liabilities decreased to ¥14,273,527,485.37 from ¥18,038,106,160.10, a decline of about 20.5%[15]. - The company's equity attributable to shareholders increased to ¥7,254,470,210.51 from ¥4,875,201,502.52, representing a growth of approximately 48.7%[15]. Cash Flow - The net cash flow from operating activities was negative CNY 2,742,735,141.93, indicating a significant decline compared to the previous year[3]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 12,011,437,030.39, up from CNY 11,356,647,299.47 in the same period of 2020[22]. - The net cash flow from operating activities for Q3 2021 was negative at CNY -2,742,735,141.93, compared to a positive CNY 961,889,313.92 in Q3 2020[22]. - The company reported a net cash outflow from investing activities of CNY -633,912,662.89 for the first three quarters of 2021, compared to CNY -216,752,676.98 in the same period of 2020[22]. - The total cash outflow from financing activities in Q3 2021 was CNY 87,100,804.30, significantly lower than CNY 816,892,127.08 in Q3 2020[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,419[9]. - The major shareholders include Shanghai Automotive Group with a 55.57% stake and Chongqing Machinery Holding Group with a 12.48% stake[11]. Asset Restructuring - The company completed a major asset restructuring, acquiring stakes in several subsidiaries, which has been approved by the China Securities Regulatory Commission[4]. - The company is in the process of raising matching funds related to the major asset restructuring[4]. - The company completed a major asset restructuring, acquiring stakes in key subsidiaries to enhance its competitive position in the heavy truck and diesel engine sectors[11]. Research and Development - Research and development expenses rose by 41.90% due to increased costs associated with new vehicle projects[7]. - Research and development expenses for the first three quarters of 2021 were ¥360,522,343.34, compared to ¥254,074,311.44 in 2020, reflecting an increase of about 41.8%[18]. Other Financial Metrics - The company reported a non-recurring loss from asset disposal of CNY -8,389,747.37 for the current period[6]. - The company experienced a foreign exchange loss of CNY -1,361,345.77 in Q3 2021, compared to a loss of CNY -7,499,477.35 in Q3 2020[23]. - The net profit of the merged entity prior to consolidation was CNY 275,271,780.27 for the current period, down from CNY 461,511,834.16 in the previous period[19]. - The company reported a negative retained earnings of approximately -$181.78 million[26].