高乐股份(002348) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥156,622,067.14, a decrease of 15.44% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥4,334,938.25, representing a decline of 39.81% year-on-year[3]. - Total operating revenue for the period was CNY 340,273,696.05, a decrease from CNY 386,432,871.71 in the previous period[20]. - Total operating costs amounted to CNY 374,577,803.27, down from CNY 437,200,571.07 year-on-year[20]. - Net loss for the period was CNY 45,492,736.43, compared to a net loss of CNY 46,180,490.91 in the previous period[22]. - The company reported a basic loss per share of CNY -0.0421, slightly worse than CNY -0.0417 in the previous period[22]. - The company incurred a total comprehensive loss of CNY 46,007,685.73, compared to CNY 47,304,425.70 in the previous period[22]. Cash Flow and Liquidity - The cash flow from operating activities showed a significant increase, reaching ¥15,084,880.83, up 1499.67% year-to-date[9]. - Operating cash flow generated was CNY 15,084,880.83, a significant increase from CNY 942,997.08 in the previous period[24]. - Cash received from operating activities totaled CNY 357,755,693.55, compared to CNY 373,687,856.65 in the previous period[24]. - The cash and cash equivalents decreased significantly to CNY 2,531,258.35 from CNY 45,719,644.79, representing a decline of approximately 94.45%[16]. - The cash inflow from investment activities totaled 92,433,470.85, while cash outflow was 91,273,124.39, resulting in a slight net inflow[25]. - The total cash inflow from financing activities was 30,300,000.00, while the cash outflow was 89,631,760.58, resulting in a net cash flow of -59,331,760.58[25]. - The cash outflow for debt repayment was 82,696,599.72, indicating significant financial obligations[25]. - The cash inflow from borrowings totaled 10,000,000.00 during the financing activities[25]. - The cash and cash equivalents at the end of the period amounted to 2,531,258.35, down from 45,719,644.79 at the beginning of the period[25]. - The impact of exchange rate changes on cash and cash equivalents was a decrease of 101,853.15[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,128,225,251.74, down 2.87% from the end of the previous year[4]. - The company's total liabilities decreased by 58.88% in short-term borrowings, amounting to ¥50,500,000.00[8]. - Total liabilities reached CNY 372,429,528.22, compared to CNY 359,718,267.36 in the previous period[18]. - Total equity attributable to shareholders was CNY 723,366,117.60, down from CNY 763,769,568.85 year-on-year[18]. - Current assets amounted to CNY 503,421,065.48, slightly up from CNY 501,670,821.04 at the end of 2020, indicating a growth of about 0.35%[16]. - Accounts payable increased significantly to CNY 121,115,235.57 from CNY 73,379,306.04, reflecting a rise of about 64.96%[17]. - Short-term borrowings decreased to CNY 50,500,000.00 from CNY 122,800,000.00, a reduction of approximately 58.83%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,684[10]. - The top shareholder, Xingchang Plastic Hardware Factory, holds 19.76% of the shares, totaling 187,132,600 shares[11]. Legal and Regulatory Matters - The company is pursuing a legal case for a performance compensation of CNY 183 million due to underperformance by a related party, with ongoing court proceedings[13]. - The company has initiated measures to secure assets related to the performance compensation case, indicating proactive risk management[14]. - The company completed the transfer of 53.25% equity in a subsidiary for CNY 47.92 million, with part of the payment already received[14]. - The company did not undergo an audit for the third quarter report[27]. - The report was released by the board of directors on October 28, 2021[28]. Research and Development - Research and development expenses for the period were CNY 20,471,458.70, compared to CNY 22,506,261.89 in the previous period[20]. Credit and Inventory Management - The company reported a 325.73% increase in credit impairment losses, totaling -¥12,771,295.48, due to increased provisions for bad debts[9]. - Inventory increased by 32.13% to ¥135,601,833.86, primarily due to export shipment delays[8]. - Accounts receivable increased to CNY 313,016,335.85 from CNY 302,739,267.86, showing a growth of about 3.93%[16]. - Inventory rose to CNY 135,601,833.86, up from CNY 102,624,463.18, marking an increase of approximately 32.14%[16].