YJFC(SH:600265)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 31,163,235.40, representing a year-on-year increase of 293.90%[4] - The net profit attributable to shareholders was a loss of CNY 4,522,843.38, with a cumulative loss of CNY 13,694,876.38 for the year[4] - The basic earnings per share for the quarter was -CNY 0.035, and -CNY 0.106 for the year-to-date[6] - Total operating revenue for the first three quarters of 2021 reached ¥65,654,323.34, a significant increase from ¥38,028,484.40 in the same period of 2020, representing an increase of approximately 72.9%[21] - The net profit for the first three quarters of 2021 was a loss of ¥14,573,435.28, slightly improved from a loss of ¥15,015,564.42 in the same period of 2020[22] - The company's total profit for the first three quarters of 2021 was a loss of ¥14,582,084.51, slightly better than the loss of ¥15,016,036.29 in 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 294,732,900.42, a decrease of 0.34% compared to the end of the previous year[6] - The equity attributable to shareholders increased by 95.58% to CNY 47,337,936.75 compared to the end of the previous year[6] - The company's current assets totaled CNY 247,441,908.37, down from CNY 252,533,768.08 in the previous year[15] - The total liabilities decreased to CNY 251,973,546.46 from CNY 275,241,476.35, indicating a reduction in financial obligations[17] - The total non-current assets rose to CNY 47,290,992.05 from CNY 43,211,593.41, indicating investment in long-term assets[16] - The company’s total assets stood at CNY 295,745,361.49, with total liabilities of CNY 275,241,476.35, resulting in total equity of CNY 20,503,885.14[32] Cash Flow - The net cash flow from operating activities for the year-to-date was -CNY 1,267,335.87, a decrease of 105.93% compared to the same period last year[4] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥1,267,335.87, a decline from a positive cash flow of ¥21,360,172.99 in 2020[26] - The company reported a net cash outflow from investment activities of CNY 3,916,488.64, compared to a net inflow of CNY 34,189,215.63 in the previous period[27] - The total cash and cash equivalents at the end of the period amounted to CNY 62,670,942.81, down from CNY 67,854,767.32 at the beginning of the period, reflecting a net decrease of CNY 5,183,824.51[27] - The company’s cash outflow from financing activities totaled CNY 42,051,750.00, primarily due to debt repayment and dividend distributions[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,123[11] - The company’s retained earnings showed a negative balance of CNY 404,574,977.35, highlighting potential challenges in profitability[32] Operational Insights - The increase in operating revenue was primarily due to a growth in product sales[9] - The company received government subsidies amounting to CNY 141,355.10 during the quarter[9] - Inventory increased slightly to CNY 170,476,549.51 from CNY 168,592,426.34, suggesting stable production levels[15] - The company incurred a credit impairment loss of ¥818,860.54 in the first three quarters of 2021, compared to a gain of ¥303,458.48 in the same period of 2020[21] - The company’s management expenses decreased to ¥11,023,417.82 in the first three quarters of 2021 from ¥15,419,387.17 in the same period of 2020, a reduction of approximately 28.3%[21]