DHHI(002204)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥2,137,373,540.88, representing a 3.96% increase compared to ¥2,054,135,744.62 in the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥33,646,927.90, a significant increase of 48.42% from ¥24,706,336.29 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥37,471,087.81, marking a 451.31% increase from ¥8,833,325.43 in the same period last year[4] - Basic earnings per share for Q3 2021 was ¥0.0174, up 48.72% from ¥0.0128 in the same period last year[4] - The company experienced a significant increase in net profit attributable to shareholders year-to-date, reaching ¥92,264,958.50, which is a 173.69% increase from ¥38,958,091.76 in the previous year[4] - Net profit attributable to shareholders was ¥82,028,868.94, representing a 162.54% increase compared to the previous year, supported by better sales performance and cash collection[13] - Total operating revenue for the period reached ¥6,302,031,629.58, an increase of 10.7% compared to ¥5,692,964,315.19 in the previous period[38] - Net profit for the period was ¥82,028,868.94, compared to ¥31,243,861.29 in the previous period, representing a significant increase of 162.5%[40] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥1,067,377,195.51, a 202.08% increase compared to ¥351,685,998.50 in the previous year[4] - Cash flow from operating activities increased to ¥7,199,032,168.73, a 34.68% rise, attributed to enhanced cash collection efforts and improved order quality[13] - The net increase in cash and cash equivalents was approximately 2.19 billion, reflecting an increase of 85.23% compared to the previous period, attributed to optimized cash management strategies[16] - Cash inflow from operating activities totaled CNY 7,199,032,168.73, compared to CNY 5,345,347,410.22 in the previous period, representing a growth of approximately 34.6%[45] - Cash and cash equivalents at the end of the period reached CNY 2,194,002,671.79, up from CNY 1,184,501,702.77 at the end of the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,337,163,084.12, reflecting a 12.14% increase from ¥17,243,860,377.50 at the end of the previous year[4] - The company's total assets amounted to approximately CNY 19.34 billion, an increase from CNY 17.24 billion as of December 31, 2020, representing a growth of about 12.2%[31] - The company's current assets reached CNY 15.38 billion, up from CNY 13.04 billion in the previous year, indicating a year-over-year increase of approximately 18.0%[31] - The company's total liabilities increased to ¥12,793,726,852.95 from ¥10,417,718,556.58, marking a growth of 13.2%[37] - Current liabilities reached CNY 9,715,763,744.72, including accounts payable of CNY 3,131,854,511.66 and contract liabilities of CNY 3,916,037,014.91[58] Research and Development - R&D expenses rose to ¥360,584,653.39, reflecting a 98.04% increase as the company intensified its investment in research and development[10] - Research and development expenses rose to ¥360,584,653.39, up from ¥182,077,717.34, indicating a growth of 97.8%[38] Shareholder Information - The total number of common shareholders at the end of the reporting period was 47,680, with the top ten shareholders holding significant stakes[17] - Dalian Heavy Industry Group holds a dominant 55.71% stake, amounting to approximately 1.08 billion shares[17] - The second-largest shareholder, Dalian State-owned Assets Investment and Management Group, owns 6.47% or approximately 124.98 million shares, with some shares pledged[17] - The foreign shareholder Hong Kong Central Clearing Limited holds 3.19% of the shares, equivalent to approximately 61.56 million shares[17] Contract Liabilities - Contract liabilities increased to ¥5,851,480,851.22, a 49.42% year-on-year growth due to a significant increase in order volume and higher advance payment ratios in contracts[10] - The company reported a significant increase in contract liabilities, which rose to ¥5,851,480,851.22 from ¥3,916,037,014.91, an increase of 49.4%[37] Financial Management - The overall cash flow from financing activities decreased by 56.48%, primarily due to reduced loan sizes and repayments[16] - Financial expenses decreased significantly to -¥14,200,015.34, a 153.24% reduction due to increased foreign exchange gains[10] - The company reported a 100% decrease in long-term borrowings, indicating no new loans were taken during the period[10] Equipment and Asset Disposal - The company approved the disposal of 250 idle and scrapped equipment assets, with a minimum listing price of RMB 41.1669 million based on asset appraisal value[23] - The first batch of 7 equipment was successfully sold for RMB 39.8053 million, exceeding the appraisal value of RMB 30.6053 million[23] - A total of 206 pieces of equipment were sold for a combined amount of RMB 21.381786 million, with an appraisal value of RMB 12.488286 million[23] - The company plans to re-list 7 pieces of equipment that were initially sold but had the buyers withdraw, as part of a new batch of 129 pieces[23] - The company will reduce the listing price by 10% for 26 pieces of equipment that did not sell in the first round, with a new total listing price of RMB 25.267419 million[23]