ZYSC(SH:600280)2021-10-27 16:00Financial Performance - Q3 2021 revenue was CNY 635,987,100.70, a decrease of 22.30% year-over-year, while year-to-date revenue reached CNY 2,389,501,796.12, an increase of 23.89%[3] - Net profit attributable to shareholders was CNY 1,479,434.19, down 94.49% year-over-year, with year-to-date net profit at CNY 10,952,415.67, not applicable for comparison[3] - Basic earnings per share for the quarter was CNY 0.002, a decrease of 91.70% compared to the same period last year[4] - Net profit for Q3 2021 was ¥9,316,006.39, a significant recovery from a net loss of ¥13,513,995.13 in Q3 2020[19] - Total operating revenue for the first three quarters of 2021 reached ¥2,389,501,796.12, an increase of 23.9% compared to ¥1,928,786,523.78 in the same period of 2020[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,027,172,876.43, a decrease of 0.86% from the end of the previous year[4] - The company's total assets amounted to ¥13,027,172,876.43, slightly down from ¥13,140,042,832.53 in the previous quarter[17] - Total liabilities decreased to ¥12,051,046,579.45 from ¥12,173,232,541.94 in the previous quarter, indicating a reduction of approximately 1.0%[17] - Total liabilities amounted to CNY 12,173,232,541.94, a decrease of CNY 983,170,096.07 compared to the previous period[26] - Non-current liabilities totaled CNY 591,898,551.22, a decrease of CNY 1,180,848,639.43 from the previous period[26] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 265,091,518.69, not applicable for quarterly comparison[3] - Cash flow from operating activities for the first nine months of 2021 increased due to higher sales revenue and improved cash collection from the real estate sector[10] - Operating cash inflow for the first three quarters of 2021 reached CNY 5,556,928,740.82, an increase of 19% compared to CNY 4,663,998,863.30 in the same period of 2020[22] - Net cash flow from operating activities was CNY 265,091,518.69, a significant improvement from a net outflow of CNY -224,268,907.60 in the first three quarters of 2020[22] Shareholder Information - The company had a total of 34,747 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhu Yicai, holds 41.88% of the shares, with 476,687,416 shares frozen[12] Costs and Expenses - The company reported a decrease in operating costs for the third quarter of 2021, primarily due to reduced revenue recognition in the real estate sector[9] - Total operating costs for the first three quarters of 2021 were ¥2,363,513,684.41, up from ¥2,019,574,843.51 in 2020, reflecting a year-over-year increase of 17.0%[18] - Research and development expenses were not explicitly reported, indicating a potential area for further inquiry into the company's innovation strategy[19] Other Financial Metrics - The company reported a significant increase in construction in progress by 123.21% due to new store renovations[8] - Long-term borrowings increased by 63.87% as the company completed mid-to-long term renewals with financial partners[8] - The company executed new leasing standards in 2021, resulting in a 100% increase in lease liabilities[8] - Investment income for the first nine months of 2021 decreased by 102.81 million due to reduced net profit from the joint venture Changjiang Risheng Investment Co., Ltd.[9] - Asset impairment losses for the first nine months of 2021 amounted to 219.50 million, mainly due to the reversal of inventory depreciation provisions[9]