HEC(SZ:000886)2022-04-01 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥12,046,457.17, a decrease of 58.01% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥10,727,746.11, down 83.32% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,354,084.21, a decline of 203.81% compared to the previous year[2]. - The basic earnings per share for Q3 2021 were ¥0.011, down 83.08% year-on-year[2]. - The weighted average return on equity was 0.38%, a decrease of 1.91% compared to the previous year[2]. - Total operating revenue decreased to ¥45,458,141.19 from ¥49,336,050.40, a decline of approximately 3.6% year-over-year[18]. - Total operating costs increased significantly to ¥68,020,430.18 from ¥46,583,493.90, representing a rise of about 46.0%[18]. - Operating profit fell to ¥86,952,399.33 from ¥121,310,698.87, a decrease of approximately 28.2%[19]. - Net profit decreased to ¥61,925,538.79 from ¥84,426,704.59, reflecting a decline of about 26.5%[19]. - Basic and diluted earnings per share decreased to ¥0.063 from ¥0.085, a drop of approximately 26.0%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,162,586,646.03, a decrease of 1.98% from the end of the previous year[3]. - As of September 30, 2021, the total assets of Hainan Highway Co., Ltd. amounted to CNY 3,162,586,646.03, a decrease from CNY 3,226,570,219.51 at the end of 2020[13][16]. - The company's current assets decreased to CNY 1,957,536,592.73 from CNY 2,014,234,535.07, reflecting a decline of approximately 2.8%[14][16]. - The total liabilities decreased to CNY 325,675,587.53 from CNY 392,843,786.79, indicating a reduction of about 17.1%[16]. - The company's cash and cash equivalents were CNY 964,405,412.99, down from CNY 1,125,650,952.51, representing a decline of approximately 14.3%[14][15]. - The total owner's equity as of September 30, 2021, was CNY 2,836,911,058.50, slightly up from CNY 2,833,726,432.72[16]. - The company's accounts payable decreased to CNY 67,927,336.77 from CNY 86,541,953.81, a reduction of approximately 21.5%[15][16]. - The company's retained earnings increased to CNY 508,085,592.94 from CNY 495,601,187.90, reflecting a growth of about 2.9%[16]. - The total liabilities to total assets ratio improved to approximately 10.3% from 12.2%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥128,665,947.99, a decrease of 20.20% compared to the same period last year[8]. - The net increase in cash and cash equivalents was -¥249,817,171.07, reflecting a decline of 184.32% compared to the previous year[8]. - Cash flow from operating activities showed a net outflow of ¥128,665,947.99 compared to an outflow of ¥107,041,973.53 in the previous period[23]. - Cash flow from investing activities resulted in a net outflow of ¥71,246,106.72, contrasting with a net inflow of ¥403,567,476.09 in the prior period[24]. - Cash and cash equivalents at the end of the period decreased to ¥153,158,969.47 from ¥475,829,730.30, a decline of approximately 67.9%[24]. Investments - The company reported a significant increase in long-term equity investments by 131.82%, totaling ¥832,997,258.24, mainly due to increased investments in a joint venture[5]. - Long-term equity investments increased significantly to CNY 832,997,258.24 from CNY 359,335,798.44, marking an increase of about 131.7%[14][15]. - The company experienced a 94.45% increase in contract liabilities, reaching ¥10,688,829.46, primarily due to increased advance payments for housing[7]. - The company reported a significant increase in contract liabilities to CNY 10,688,829.46 from CNY 5,496,976.36, indicating an increase of about 94.8%[15][16]. Tax and Standards - The company incurred tax expenses of ¥21,359,990.78, down from ¥31,896,949.72, indicating a reduction of approximately 33.1%[19]. - The company implemented the new leasing standards starting January 1, 2021, adjusting the beginning balance sheet items accordingly[29]. - Total assets as of January 1, 2021, amounted to CNY 3,226,875,948.80, reflecting an adjustment of CNY 305,729.29[29]. - Non-current assets totaled CNY 1,212,641,413.73 as of January 1, 2021, with an adjustment of CNY 305,729.29[29]. - Current assets were reported at CNY 2,014,234,535.07, with no adjustments made[27]. - Total liabilities as of January 1, 2021, were CNY 393,149,516.08, reflecting an adjustment of CNY 305,729.29[29]. - The company's equity totaled CNY 2,833,726,432.72 as of January 1, 2021, with no adjustments made[29]. - The company chose a simplified approach for the initial application of the new leasing standards, only adjusting the beginning balance without retrospective adjustments[29]. Audit Status - The third quarter report for 2021 was not audited[30].