*ST红相(300427) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥318,409,205.17, a decrease of 6.99% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥16,697,126.40, down 74.52% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥20,027,089.84, a decline of 139.55% compared to the previous year[3]. - The company's operating revenue for the first nine months of 2021 was CNY 93,515.21 million, a decrease of 9.84% compared to the same period in 2020[16]. - The net profit attributable to shareholders for the first nine months of 2021 was CNY 8,707.46 million, down 61.35% year-on-year[17]. - The company reported a basic earnings per share of ¥0.0464, down 74.62% year-on-year[3]. - The weighted average return on net assets was 0.69%, a decrease of 2.15% compared to the previous year[3]. - The net profit for Q3 2021 was CNY 81,318,002.24, a decrease of 63.2% compared to CNY 221,015,328.12 in the same period last year[39]. - The operating profit for Q3 2021 was CNY 105,532,136.05, down 59.0% from CNY 257,763,620.76 in Q3 2020[39]. - The company reported a total comprehensive income of CNY 81,186,867.73, significantly lower than CNY 221,017,361.40 in the same quarter last year[40]. - Basic and diluted earnings per share were both CNY 0.2417, down from CNY 0.6288 in Q3 2020[40]. Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥159,368,809.67, an increase of 21.19%[3]. - The cash flow from operating activities generated a net amount of CNY 159,368,809.67, an increase of 21.2% from CNY 131,499,737.91 in the previous year[43]. - The company's cash and cash equivalents rose to RMB 543,653,131.43 from RMB 498,750,220.82 at the end of 2020, indicating a growth of 9.0%[34]. - The cash and cash equivalents at the end of the period were CNY 465,075,516.01, compared to CNY 306,532,221.71 at the end of the same period last year[44]. - The company incurred a total operating cash outflow of CNY 1,134,041,793.57, compared to CNY 862,358,012.86 in the previous year[43]. - The net cash flow from investing activities was CNY -16,912,275.81, an improvement from CNY -125,168,454.19 in the same period last year[43]. - The company experienced a net cash outflow from financing activities of CNY -146,615,052.96, compared to CNY -110,828,873.18 in Q3 2020[43]. - Total assets at the end of the reporting period were ¥4,575,528,205.68, a decrease of 7.18% from the end of the previous year[3]. - As of September 30, 2021, the total assets of Hongxiang Co., Ltd. amounted to RMB 4,575,528,205.68, a decrease from RMB 4,929,273,088.03 at the end of 2020[33]. Liabilities and Equity - The company's total liabilities decreased by 15.22% to CNY 216,287.52 million compared to the beginning of the year[12]. - The total liabilities decreased to RMB 2,162,875,100.85 from RMB 2,551,043,926.77, a reduction of 15.2%[36]. - The company's long-term borrowings decreased by 66.82% to CNY 48,155.81 million, primarily due to the exclusion of Zhongning New Energy from the consolidation scope[13]. - The company's total equity attributable to shareholders increased by 1.69% to CNY 242,349.88 million[14]. - The total equity attributable to shareholders was approximately CNY 2.38 billion, with retained earnings of CNY 945.35 million[48]. Inventory and Receivables - The company's inventory increased by ¥17,040.45 million, a growth of 47.10% due to stockpiling for current orders and anticipated projects[11]. - Other receivables rose by ¥26,911.20 million, an increase of 888.76%, primarily from the sale of a subsidiary's equity[11]. - Accounts receivable decreased to RMB 844,015,214.49 from RMB 929,259,904.04, a decline of 9.2%[35]. - Inventory increased significantly to RMB 532,223,035.19, up from RMB 361,818,479.72, representing a growth of 47.0%[35]. Research and Development - Research and development expenses rose by 36.36% to CNY 6,964.38 million, driven by increased spending in subsidiaries[16]. - The company reported R&D expenses of RMB 69,643,841.15, which increased from RMB 51,072,304.97, reflecting a growth of 36.4%[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,395[24]. - The largest shareholder, Yang Baotian, holds 24.57% of the shares, totaling 88,500,629 shares, with 27,130,000 shares pledged[24]. - The second-largest shareholder, Wolong Electric Drive Group Co., Ltd., holds 12.50% of the shares, totaling 45,013,368 shares[24]. - The company has a total of 115,540,464 shares held by the top ten shareholders, accounting for 32.07% of the total share capital[25]. Other Information - The company plans to continue expanding its market presence and developing new products and technologies[21]. - The third quarter report was not audited, indicating preliminary financial data[49]. - The company implemented new leasing standards starting in 2021, affecting prior comparative data[49].