TROILA TECHNOLOGY(SH:600225)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥389,509,426.64, representing an increase of 86.99% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥115,176,920.32, while the net profit attributable to shareholders after deducting non-recurring gains and losses was ¥126,829,738.94[6]. - The basic earnings per share for Q3 2021 was ¥0.12, an improvement from a loss of ¥0.29 in the same period last year[6]. - The company reported non-recurring gains of ¥2,256,267.49 for Q3 2021, with total non-recurring losses for the year-to-date amounting to -¥11,652,818.62[11]. - The increase in operating revenue for Q3 2021 was primarily driven by growth in the real estate sector in Guangxi and information services[14]. - The company experienced a decrease in financial expenses due to bankruptcy reorganization and liquidation, contributing to the increase in net profit[14]. - The net cash flow from operating activities for the year-to-date was -¥629,971,132.67, reflecting a significant decline of 567.44% compared to the previous year[6]. - Total operating revenue for Q3 2021 was ¥557,032,741.84, a decrease of 15.8% from ¥661,687,953.64 in Q3 2020[41]. - Net profit for Q3 2021 was a loss of ¥275,413,709.70, compared to a loss of ¥472,553,158.62 in Q3 2020, showing an improvement[44]. - The total comprehensive income for the period was -270,039,149.07 CNY, compared to -472,553,158.61 CNY in the previous period, indicating an improvement[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,291,145,224.70, a decrease of 23.62% compared to the end of the previous year[9]. - The company's current assets totaled CNY 3,723,846,909.22, down from CNY 5,488,417,671.52 at the end of 2020, indicating a reduction of about 32.2%[36]. - Cash and cash equivalents decreased to CNY 348,469,828.26 from CNY 531,955,139.52, reflecting a decline of approximately 34.3%[32]. - The total liabilities decreased to ¥10,673,009,345.25 in Q3 2021 from ¥12,859,605,197.36 in Q3 2020, a reduction of 16.9%[40]. - The company's total equity showed a slight decline, reaching -¥3,381,864,120.55 in Q3 2021 compared to -¥3,313,505,753.10 in Q3 2020[41]. - The total current liabilities decreased to ¥10,014,651,014.86 in Q3 2021 from ¥12,156,648,419.11 in Q3 2020, a decrease of 17.6%[40]. Bankruptcy and Reorganization - The company is currently undergoing bankruptcy reorganization, which has impacted its financial performance and reporting[14]. - The company is undergoing bankruptcy reorganization as of March 26, 2021, due to inability to pay due debts[22]. - The court accepted the reorganization application on April 21, 2021, and appointed a liquidation team to manage the company[22]. - The first creditors' meeting was held on June 17, 2021, to approve the asset management and pricing plan[22]. - The company’s subsidiaries, Tianjin Songjiang Real Estate and Tianjin Songjiang Tuanbo, are also undergoing bankruptcy reorganization[25]. - The company is actively monitoring the bankruptcy proceedings of its seven subsidiaries, which were declared bankrupt on July 21, 2021[26]. - The stock continues to be subject to delisting risk warnings due to the ongoing reorganization[22]. - The management is actively seeking strategic investors for the reorganization process[25]. Shareholder Information - The total equity attributable to shareholders was -¥3,865,945,809.20 at the end of the reporting period, indicating a negative equity position[9]. - The total number of common shareholders at the end of the reporting period is 16,548[18]. - Tianjin Binhai Development Investment Holding Co., Ltd. holds 274,102,592 shares, accounting for 29.30% of the total shares[18]. - Tianjin Jincheng State-owned Capital Investment Operation Co., Ltd. holds 177,743,597 shares, representing 19.00% of the total shares[18]. - The indirect controlling shareholder is undergoing mixed-ownership reform, with plans to introduce investors through capital increase and share transfer[27]. Cash Flow and Investments - Cash inflows from operating activities totaled 1,183,911,015.95 CNY, down from 1,549,209,049.35 CNY in the previous period[50]. - Cash outflows from operating activities increased to 1,813,882,148.62 CNY, compared to 1,414,439,518.19 CNY in the previous period[51]. - Net cash flow from investing activities was -377,767,487.24 CNY, a decline from 415,575,836.07 CNY in the previous period[51]. - Cash inflows from financing activities amounted to 2,721,218,263.97 CNY, compared to 1,869,629,372.84 CNY in the previous period[51]. - Net cash flow from financing activities was 1,076,717,114.94 CNY, a significant recovery from -511,361,948.86 CNY in the previous period[51]. - The ending balance of cash and cash equivalents was 139,825,168.20 CNY, compared to 155,172,185.46 CNY in the previous period[51]. - The company reported a decrease in cash received from sales and services to 574,073,568.27 CNY, down from 986,458,693.25 CNY in the previous period[50]. Research and Development - Research and development expenses increased to ¥73,671,364.94 in Q3 2021, up 22.2% from ¥60,306,271.97 in Q3 2020[41].