中绿电(000537) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,010,462,476.87, a decrease of 17.48% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥1,883,404,917.15, representing a decline of 454.05% year-on-year[3]. - The basic and diluted earnings per share for Q3 2021 were both -¥1.01, a decrease of 448.28% year-on-year[4]. - Total operating revenue for the period was CNY 12,910,218,094.79, a decrease of 6.0% compared to CNY 13,738,344,036.71 in the previous period[26]. - Net profit for the period was a loss of CNY 937,774,640.86, compared to a profit of CNY 1,910,302,787.28 in the previous period[27]. - The company's total liabilities reached CNY 64,739,336,961.39, an increase of 8.5% from CNY 59,478,267,600.88[25]. - The total equity attributable to shareholders of the parent company decreased to CNY 13,957,804,423.40 from CNY 15,356,722,044.39, reflecting a decline of 9.1%[25]. - Basic and diluted earnings per share were both CNY -0.50, down from CNY 1.03 in the previous period[27]. - The company reported an operating profit loss of CNY -978,398,962.55, compared to a profit of CNY 2,501,239,679.03 in the previous period[26]. - The company recorded a significant asset impairment loss of CNY -2,320,195,902.48 during the period[26]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥633,059,728.85, an increase of 126.08% compared to the same period last year[4]. - Cash inflow from operating activities reached CNY 17.14 billion, an increase from CNY 13.69 billion in the previous period, marking a growth of approximately 25.5%[28]. - Net cash flow from operating activities was CNY 633.06 million, a significant recovery from a negative cash flow of CNY 2.43 billion in the same period last year[28]. - Total cash outflow from investing activities was CNY 1.15 billion, compared to CNY 131.66 million in the previous period, indicating a substantial increase in investment expenditures[29]. - Cash inflow from financing activities amounted to CNY 16.16 billion, up from CNY 9.91 billion, reflecting a growth of approximately 63.5%[29]. - The company reported a net cash flow from financing activities of CNY 305.33 million, a decrease from CNY 4.43 billion in the previous year[29]. - The ending cash and cash equivalents balance was CNY 5.80 billion, down from CNY 4.89 billion year-over-year[29]. - The company received CNY 90 million from minority shareholders as part of capital contributions[29]. - Cash received from investment income was CNY 1.42 million, slightly up from CNY 1.42 million in the previous period[28]. - The company paid CNY 2.10 billion in taxes, a decrease from CNY 2.32 billion in the previous year, indicating a reduction of approximately 9.5%[28]. - Cash outflow for employee compensation was CNY 420.80 million, an increase from CNY 350.76 million, reflecting a growth of approximately 19.9%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥79,112,103,062.19, reflecting a growth of 5.72% from the end of the previous year[4]. - The equity attributable to shareholders decreased to ¥13,957,804,423.40, down 9.11% from the previous year-end[4]. - The total assets of the company reached CNY 79.11 billion as of September 30, 2021, compared to CNY 74.83 billion at the end of 2020, reflecting an increase of approximately 5.4%[24]. - The company’s non-current assets totaled CNY 9.62 billion, up from CNY 7.85 billion, indicating a growth of about 22% year-over-year[24]. - The company’s contract liabilities surged to CNY 13.95 billion from CNY 11.40 billion, representing an increase of approximately 22.3%[24]. - The company's total liabilities included short-term borrowings of CNY 150 million, down from CNY 300 million, indicating a reduction of 50%[24]. - The company's total liabilities reached CNY 59.48 billion, with current liabilities at CNY 27.86 billion[34]. - The company's equity totaled CNY 15.36 billion, with retained earnings of CNY 11.11 billion[34]. - Long-term borrowings stood at CNY 27.50 billion, while bonds payable were CNY 4.10 billion[34]. - The company has a total of CNY 11.40 billion in contract liabilities[33]. Business Operations and Expansion - The company is actively expanding its business scale, with new projects currently in the early development stage, impacting revenue recognition[8]. - In the first three quarters of 2021, the company commenced construction on 2.1738 million square meters, a year-on-year increase of 494.5%[13]. - The company achieved a sales amount of RMB 17.882 billion, an increase of RMB 9.088 billion or 103.4% year-on-year[13]. - The company has a total of 2 wholly-owned subsidiaries in property services, covering cities such as Chongqing, Yibin, Chengdu, Jinan, Qingdao, and Dongguan, with a signed service area of 12.5279 million square meters, up 22.53% year-on-year[13]. - The company reported a construction area under development of 5.1301 million square meters, an increase of 42.23% year-on-year[13]. - The company reported a completion area of 692,900 square meters, a decrease of 44.27% year-on-year[13]. - The company plans to exchange assets with Runneng Group and Doucheng Weiye Group, involving the 100% equity of Runneng New Energy Group, which constitutes a major asset restructuring[15]. - The company completed a capital increase of RMB 600 million for its wholly-owned subsidiary Chongqing Runneng, raising its registered capital from RMB 1 billion to RMB 1.6 billion[16]. - The company also plans to increase capital by RMB 600 million for Nanjing Runneng Silicon Valley and RMB 1.3 billion for Suzhou Runneng Guangyu, with the capital for Nanjing Runneng Silicon Valley reaching RMB 1.3 billion and Suzhou Runneng Guangyu reaching RMB 3.3 billion after the increases[16]. - The company established a wholly-owned subsidiary, Chongqing Jiangjin Runneng Property Service Co., Ltd., with a registered capital of RMB 500,000[17]. Shareholder and Management Information - The top shareholder, Luneng Group Co., Ltd., holds 76.13% of the shares, indicating strong control over the company[10]. - The company signed management contracts with its controlling shareholder, with management fees totaling CNY 100 million per year for various subsidiaries, with actual fees paid amounting to CNY 298.89 million for Zhengzhou Lunen[18]. - The company has renewed management contracts for Suzhou Lunen and other subsidiaries, extending management services until 2026[18]. - The company is in the process of transferring 100% equity stakes in Hainan Yingbin Island and Hainan Yongqing, along with related debts totaling CNY 465.90 million, to avoid competition[20]. Miscellaneous - The report for the third quarter was not audited[36]. - The company recognized a right-of-use asset and lease liability adjustment of CNY 9.59 million due to new leasing standards[34].