CITIC Wine(SH:600084)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥34,819,924.33, representing a year-on-year increase of 52.13%[7]. - The net profit attributable to shareholders for the same period was -¥3,411,976.60, with a year-to-date net profit of ¥7,832,556.31, showing a significant increase of ¥44,881,727.07 compared to the previous year[7][10]. - The net cash flow from operating activities for the year-to-date period was ¥13,089,304.10, indicating an increase of ¥23,596,157.84 year-on-year[10][12]. - Total revenue for the first three quarters of 2021 reached CNY 151,995,873.90, a significant increase from CNY 65,181,881.98 in the same period of 2020, representing a growth of approximately 132.9%[33]. - Operating profit for the third quarter of 2021 was CNY 7,638,287.61, a recovery from a loss of CNY 37,672,776.07 in the same quarter of 2020[37]. - Net profit for the third quarter of 2021 was CNY 7,649,604.36, compared to a net loss of CNY 37,512,216.47 in the third quarter of 2020, marking a significant turnaround[37]. - The net profit attributable to the parent company shareholders was ¥7,832,556.31, compared to a net loss of ¥37,049,170.76 in the previous period[41]. - The total comprehensive income attributable to the parent company owners was ¥7,832,556.31, while the previous period showed a total comprehensive loss of ¥37,049,170.76[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,351,765,122.70, reflecting a 3.08% increase from the end of the previous year[10]. - The company's total assets increased to CNY 2,351,765,122.70 in 2021 from CNY 2,281,390,356.19 in 2020, reflecting a growth of approximately 3.1%[33]. - Total liabilities rose to CNY 215,334,362.41 in 2021, up from CNY 147,026,556.35 in 2020, indicating an increase of about 46.3%[33]. - Total assets decreased to $2,281,390,356.19 from $2,316,231,608.23, a decline of $34,841,252.04[51]. - Total liabilities decreased to $147,026,556.35 from $187,450,452.30, a reduction of $40,423,895.95[51]. Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥2,149,528,178.76, with a slight increase of 0.12% compared to the previous year[10]. - The company's equity attributable to shareholders increased to CNY 2,149,528,178.76 in 2021 from CNY 2,146,859,307.84 in 2020, showing a slight growth[33]. - The company had a total of 37,058 common shareholders at the end of the reporting period, with the largest shareholder holding 34.48% of the shares[14]. Cash Flow - Cash flow from operating activities generated a net cash inflow of ¥13,089,304.10, a significant improvement from a net outflow of ¥10,506,853.74 in the previous period[43]. - Cash inflow from operating activities totaled ¥172,138,030.15, compared to ¥83,479,879.52 in the previous period, indicating a growth of approximately 106.5%[43]. - Cash outflow from operating activities was ¥159,048,726.05, up from ¥93,986,733.26 in the previous period, reflecting an increase of about 69.5%[43]. - The ending cash and cash equivalents balance was ¥116,211,515.79, an increase from ¥84,122,505.43 in the previous period[47]. Operational Highlights - The increase in operating revenue was primarily driven by a rise in finished wine sales[11]. - The company received government subsidies amounting to ¥750,726.28 during the reporting period, contributing to the overall financial performance[10]. - A strategic cooperation agreement was signed with the Manas County People's Government to promote the high-quality development of the local wine industry[20]. - The wholly-owned subsidiary, Xuzhou Guoan Niya Wine Co., received a land storage notice from the Xuzhou Huaihai International Port Management Committee[21]. Audit and Compliance - The company appointed Lixin Certified Public Accountants as its auditing firm for the fiscal year 2021[25]. - The company revised its Articles of Association and related rules during a board meeting held on August 25, 2021[26]. - The company's stock has been subject to delisting risk warning since April 27, 2021, as per the Shanghai Stock Exchange regulations[19]. Other Financial Metrics - The basic and diluted earnings per share for the current period were both -¥0.0030, while the year-to-date basic earnings per share increased by ¥0.04 compared to the previous year[10][12]. - The company reported a weighted average return on equity of -0.1591% for the current period, compared to 0.3642% for the previous year[10]. - Research and development expenses were not explicitly detailed but are critical for future product and technology advancements[37]. - The company reported a significant increase in sales expenses to CNY 33,319,183.01 in 2021 from CNY 31,755,854.11 in 2020, indicating a focus on market expansion[37]. - The company has a deferred income of CNY 13,917,832.99, up from CNY 6,990,352.42, suggesting potential future revenue recognition[33].