HSTD(SH:600054)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥208,219,026.95, a decrease of 18.08% compared to the same period last year[7] - The net profit attributable to shareholders for Q3 2021 was -¥9,881,913.98, representing a decline of 124.41% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥16,827,087.07, a decrease of 154.98% compared to the previous year[7] - The basic earnings per share for Q3 2021 was -¥0.0135, a decrease of 124.32% year-on-year[10] - The diluted earnings per share for Q3 2021 was also -¥0.0135, reflecting the same decline as basic earnings per share[10] - Total revenue for the first three quarters of 2021 reached ¥668,971,623.37, a significant increase of 47.3% compared to ¥454,274,894.53 in the same period of 2020[31] - Net profit for the first three quarters of 2021 was ¥28,612,126.93, recovering from a net loss of ¥47,744,066.35 in the previous year[35] - The total comprehensive income attributable to the parent company was CNY 13,084,672.18, compared to a loss of CNY 214,952,149.46 in the previous year[37] - The basic and diluted earnings per share were CNY 0.0338, compared to a loss of CNY -0.0657 in the previous year[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,037,816,217.24, an increase of 2.94% from the end of the previous year[10] - The company's total assets increased to ¥5,037,816,217.24, compared to ¥4,893,855,661.57 at the end of the previous period, reflecting a growth of 2.9%[31] - Non-current liabilities totaled ¥251,632,821.70, a substantial increase from ¥69,101,391.04 in the previous year[31] - Total non-current assets amounted to approximately $2.81 billion, a decrease from $3.08 billion, reflecting a reduction of about 8.7%[44] - Total assets reached approximately $4.89 billion, down from $5.16 billion, indicating a decline of about 5.2%[44] - Current liabilities totaled approximately $358.99 million, a decrease from $397.07 million, representing a reduction of about 9.5%[49] - Total liabilities amounted to approximately $428.09 million, down from $691.96 million, showing a significant decrease of about 38.0%[49] - Shareholders' equity totaled approximately $4.47 billion, remaining stable compared to the previous period[49] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥77,078,850.27, reflecting a significant increase of 201.80%[10] - The net cash flow from operating activities was CNY 77,078,850.27, a significant improvement from a negative cash flow of CNY -75,719,489.31 in the same period last year[41] - Cash inflow from operating activities totaled CNY 834,422,994.63, up from CNY 564,599,290.95 year-over-year[41] - The cash outflow from operating activities was CNY 757,344,144.36, compared to CNY 640,318,780.26 in the previous year[41] - The net cash flow from investing activities was CNY -1,430,205,240.08, worsening from CNY -674,359,357.11 in the same period last year[43] - Cash inflow from investment activities was CNY 898,590,595.07, while cash outflow was CNY 2,328,795,835.15[43] - The net cash flow from financing activities was CNY -25,754,673.19, compared to CNY -80,453,284.03 in the previous year[43] - The ending cash and cash equivalents balance was CNY 593,810,179.26, down from CNY 970,825,812.88 year-over-year[43] Visitor Statistics - The number of visitors to the mountain increased by 34.82% year-on-year, contributing to a revenue increase for the year-to-date[12] - The company experienced a 27.47% year-on-year decrease in visitor numbers during Q3, which negatively impacted revenue and profits[15] - The cumulative number of visitors to Huangshan Scenic Area from the beginning of the year to the reporting period reached 1.3125 million, an increase of 34.82% year-on-year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 52,448[16] - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 296,595,750 shares, accounting for 40.66% of total shares[16] Investments and Projects - The company approved an investment of 100 million RMB in the Nanjing Saifu Equity Investment Fund[22] - The company plans to establish a joint venture with Shanghai Yunxin Venture Capital with a registered capital of 12 million RMB, contributing 5.61 million RMB[22] - The company completed the comprehensive upgrade project of Huashan Miku Scenic Area during the reporting period[22] Tax and Expenses - The company incurred tax expenses of ¥14,316,942.00, down from ¥19,919,047.43 in the previous year, indicating improved tax efficiency[35] - The company's research and development expenses were not detailed, but management indicated a focus on innovation and new product development moving forward[35] Cash Management - The company reported a significant decrease in accounts payable from ¥111,577,754.04 to ¥84,592,082.54, indicating better cash management[31] - As of September 30, 2021, cash and cash equivalents amounted to 593.81 million RMB, down from 1.97 billion RMB at the end of 2020[26] - The total current assets as of September 30, 2021, were 1.97 billion RMB, a decrease from 2.08 billion RMB at the end of 2020[26] Future Outlook - The company is committed to ongoing investments in new technologies and market expansion strategies to drive future growth[52]