恒立实业(000622) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥95,901,980.10, representing a decrease of 8.28% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥2,423,348.18, a decline of 181.65% year-over-year[4]. - The net profit after deducting non-recurring gains and losses was -¥2,787,397.33, down 223.97% from the previous year[4]. - Operating revenue for Q3 2021 reached RMB 31,490.65 million, an increase of 17.85% compared to RMB 26,721.78 million in the same period last year[10]. - The net profit for the first nine months of 2021 was a loss of CNY 7,241,189.82, compared to a profit of CNY 5,269,069.68 in the previous year[20]. - The total comprehensive income attributable to the parent company was -7,332,501.13 CNY, compared to 5,099,763.28 CNY in the previous period[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥303,604,929.63, a decrease of 21.72% from the end of the previous year[4]. - The company's total assets as of September 30, 2021, were CNY 303,604,929.63, down from CNY 387,837,529.92 at the end of 2020[19]. - Current assets totaled CNY 285,383,164.22, a decrease of 22.8% from CNY 369,785,415.70 at the end of 2020[17]. - The total liabilities decreased to CNY 97,393,017.94 from CNY 174,384,428.41, indicating a reduction of 44.2%[18]. - The total equity attributable to shareholders of the parent company was CNY 198,448,433.00, down from CNY 205,780,934.13, a decrease of 3.2%[19]. Cash Flow - Cash flow from operating activities was -¥79,718,746.55, an increase of 18.11% year-over-year[3]. - Cash inflow from operating activities totaled 254,985,142.11 CNY, a decrease of 10.0% from 283,253,851.77 CNY in the previous year[22]. - Cash outflow from operating activities was 334,703,888.66 CNY, compared to 350,747,122.67 CNY in the previous period, indicating a reduction of 4.0%[22]. - The net cash flow from operating activities was -79,718,746.55 CNY, worsening from -67,493,270.90 CNY year-over-year[22]. - Cash flow from investing activities was -592,834.57 CNY, a significant decline from a positive cash flow of 9,861,681.17 CNY in the previous year[22]. - Cash flow from financing activities generated a net inflow of 4,883,712.63 CNY, compared to an outflow of 800,000.00 CNY in the same period last year[22]. - The net decrease in cash and cash equivalents was -75,427,868.49 CNY, compared to -58,431,589.73 CNY in the previous year[23]. - The ending balance of cash and cash equivalents was 19,097,069.20 CNY, down from 20,103,268.80 CNY in the previous period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,898[12]. - The largest shareholder, China Huayang Investment Holdings, holds 17.99% of the shares, amounting to 76,496,653 shares[12]. Research and Development - R&D expenses rose by 36.66% to RMB 105.06 million, primarily due to increased investment in new product development by subsidiary component companies[10]. - The company reported a research and development expense of CNY 1,050,566.43, which is an increase from CNY 768,734.10 in the previous year[20]. Other Financial Metrics - The weighted average return on equity was -1.22%, compared to -3.63% for the same period last year[4]. - The basic earnings per share were -¥0.0057, down 181.43% compared to the same period last year[4]. - Basic and diluted earnings per share were both -0.0172 CNY, down from 0.0120 CNY in the same period last year[21]. Operational Changes - The company reported a significant increase in accounts receivable, which rose by 398.98% to ¥9,759.30[9]. - The company experienced a 100% increase in short-term borrowings, totaling ¥496.17[9]. - The company received government subsidies amounting to ¥221,667.20 during the reporting period[6]. - The company reported a credit impairment loss of RMB -599.25 million, a 291.44% increase compared to RMB -153.09 million in the previous year, due to provisions for accounts receivable[10]. - The company received a fair value gain of RMB 24.25 million from the acquisition of shares in Lifan Technology (Group) Co., Ltd., marking a 100% increase in fair value gains[10]. - The company has initiated a new automotive parts innovation industrial base project, which was approved for filing on October 13, 2021[15]. - The company’s major shareholder, China Huayang Investment, is currently undergoing a bankruptcy application process for its parent company, but this is not expected to impact the company's operations[14]. Audit Status - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[24].