Financial Performance - The company's revenue for Q3 2021 was ¥51,563,752.54, a decrease of 83.06% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥1,183,170.68, down 97.91% year-on-year[3]. - The basic earnings per share were ¥0.0089, reflecting a decline of 98.43% compared to the previous year[3]. - Total operating revenue for the current period is $357.14 million, a decrease of 64.7% from $1.01 billion in the previous period[20]. - Operating profit for the current period is $41.52 million, a decline of 80.8% compared to $216.65 million in the previous period[21]. - Net profit for the current period is $33.35 million, a decrease of 81.5% from $179.93 million in the previous period[22]. - Basic and diluted earnings per share for the current period are $0.2648, down 84.8% from $1.7466 in the previous period[22]. - Tax expenses for the current period amount to $8.36 million, down from $36.64 million in the previous period[21]. Assets and Liabilities - Total assets increased to ¥1,481,299,483.85, representing a growth of 48.63% from the end of the previous year[9]. - The total liabilities decreased to RMB 180,531,071.83 from RMB 503,053,405.32, indicating a reduction of approximately 64.1%[18]. - The company’s total current liabilities decreased significantly to RMB 149,446,579.16 from RMB 462,400,093.36, a reduction of approximately 67.7%[17]. - The equity attributable to shareholders rose to ¥1,268,761,378.82, an increase of 178.67% year-on-year, primarily due to new share issuance[9]. - The equity attributable to the parent company increased to RMB 1,268,761,378.82 from RMB 455,297,667.75, showing an increase of approximately 178.5%[18]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥50,109,768.03, an improvement of 49.18% compared to the previous year[7]. - Cash flow from operating activities shows a net outflow of $50.11 million, an improvement from a net outflow of $98.61 million in the previous period[25]. - Cash flow from investing activities results in a net outflow of $7.28 million, compared to a net outflow of $65.92 million in the previous period[26]. - Cash flow from financing activities generates a net inflow of $616.87 million, significantly up from $54.65 million in the previous period[26]. - The ending cash and cash equivalents balance is $583.39 million, a substantial increase from $16.72 million in the previous period[26]. - The company reported a significant reduction in sales volume, which was the main reason for the decline in revenue and profit[7]. Shareholder Information - The company reported a total of 101,721,248 restricted shares, with no shares released during the reporting period[14]. - The company has a scheduled release of restricted shares for major shareholders on April 29, 2024, which includes 69,400,000 shares held by Changchun Huifeng Automotive Gear Co., Ltd.[14]. Inventory and Receivables - Accounts receivable decreased to RMB 86,297,984.07 from RMB 227,832,523.74, reflecting a decline of about 62.1%[16]. - The company’s inventory increased to RMB 228,974,823.57 from RMB 212,091,703.92, reflecting a growth of approximately 8.0%[16]. Ongoing Projects - The company has ongoing projects in construction, with the amount in progress reaching RMB 127,873,750.14, up from RMB 45,797,771.34 at the end of 2020[17]. Other Information - Non-recurring gains and losses amounted to ¥722,607.18 for the current period[5]. - The company has not classified any non-recurring gains and losses as regular gains and losses[6]. - The company has not made adjustments to the beginning balance sheet items due to all current lease payments being due within one year, classifying them as short-term leases[27]. - The third quarter report for the company has not been audited[28].
致远新能(300985) - 2021 Q3 - 季度财报