青岛双星(000599) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥838,698,487.21, a decrease of 31.64% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥126,204,494.68, representing a decline of 340.15% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥143,606,845.20, down 266.85% from the previous year[3] - The net loss for Q3 2021 was CNY 194,652,108.27, compared to a net loss of CNY 6,586,106.49 in Q3 2020[19] - Basic and diluted earnings per share were both -CNY 0.18, compared to CNY 0.01 in the same period last year[20] - The company's gross profit margin decreased, with a gross profit of CNY 181,288,772.84, down from CNY 460,274,322.85 in the previous year[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥18,245,692.21, an increase of 105.99% compared to the same period last year[3] - The net cash flow from operating activities was 18,245,692.21, a significant improvement from a negative 304,728,903.88 in the previous period[22] - Cash inflow from operating activities totaled 2,946,780,502.49, down 13.8% from 3,418,346,040.86 in the prior period[22] - Cash outflow from operating activities decreased to 2,928,534,810.28, compared to 3,723,074,944.74 in the previous period, reflecting a reduction of 21.4%[22] - Cash inflow from investment activities was 609,364,869.94, a decline of 67.5% from 1,872,287,695.96 in the prior period[23] - The net cash flow from investment activities was negative at -426,961,808.90, worsening from -279,941,116.45 in the previous period[23] - Cash inflow from financing activities increased to 3,550,391,139.97, up 17.1% from 3,032,910,286.14 in the prior period[23] - The net cash flow from financing activities was 218,290,343.34, down 63.5% from 597,469,269.25 in the previous period[23] - The ending balance of cash and cash equivalents was 805,142,649.52, a decrease from 1,007,773,770.57 in the previous period[23] - The company received 280,000,000.00 in cash from investment recoveries, down 84.2% from 1,770,000,000.00 in the prior period[23] - The company reported a cash outflow of 907,048,770.00 for investments, a decrease of 51.7% from 1,879,795,200.00 in the previous period[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,901,504,166.77, an increase of 8.37% from the end of the previous year[3] - The company's total assets as of September 30, 2021, amount to CNY 10,901,504,166.77, an increase from CNY 10,059,206,578.69 at the end of 2020[15] - The total current assets are reported at CNY 4,648,962,827.91, compared to CNY 4,259,984,428.98 at the end of 2020, reflecting a growth of approximately 9.1%[15] - The total liabilities increased to CNY 7,532,100,110.89, up from CNY 6,538,625,934.65 year-on-year[19] - The company's total equity decreased to CNY 3,369,404,055.88 from CNY 3,520,580,644.04 in the previous year[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,299[10] - The largest shareholder, Shuangxing Group Co., Ltd., holds 32.40% of shares, totaling 264,644,199 shares, with 46,589,000 shares pledged[10] Investment and Financing - The company has invested USD 9,230,000 (approximately CNY 60 million) to increase the capital of Kumho Tire (Vietnam) Co., Ltd., aimed at expanding production capacity[12] - The company reported an investment income of CNY 174,060,982.88, significantly higher than CNY 49,410,167.57 in the previous year[18] - Investment income increased by 252.28% year-on-year, mainly due to gains from the disposal of equity in the equipment sector[8] Operational Challenges - The company faced significant challenges including rising raw material costs, currency appreciation, and supply chain disruptions, impacting overall profitability[8] - The company experienced a 348.56% year-on-year increase in credit impairment losses, primarily due to higher provisions for bad debts[8] Research and Development - Research and development expenses rose to CNY 154,027,690.96, an increase of 12.6% compared to CNY 136,712,428.43 in the same quarter last year[18] Receivables and Payables - The company reported accounts receivable of CNY 807,184,599.93, down from CNY 951,048,798.96 at the end of 2020, indicating a decrease of approximately 15.1%[15] - The company has a total of 1,510,600,721.77 CNY in accounts payable, which increased from CNY 354,921,956.45 at the end of 2020[15]