VVFB(SH:600300)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,222,735,487.12, a decrease of 9.83% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥85,038,036.60, down 51.34% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 193.65% to ¥86,371,534.09 for the current period[3]. - The basic earnings per share for Q3 2021 was ¥0.05, a decline of 54.55% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2021 was CNY 3,258,028,908.89, a decrease from CNY 3,883,308,249.10 in the same period of 2020[16]. - The company's net profit for the first three quarters of 2021 was not explicitly stated but indicated a significant decline compared to previous periods[16]. - In the first three quarters of 2021, the company's net profit was approximately ¥175.44 million, a decrease of 44.8% compared to ¥318.43 million in the same period of 2020[17]. - The total profit for the first three quarters of 2021 was approximately ¥240.61 million, down 41.5% from ¥412.39 million in the same period of 2020[17]. - Operating income for the first three quarters of 2021 was approximately ¥240.96 million, a decline of 38.7% compared to ¥392.89 million in the same period of 2020[17]. - The company reported a total comprehensive income of approximately ¥171.74 million for the first three quarters of 2021, down from ¥318.21 million in the same period of 2020[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,303,429,283.46, a decrease of 21.07% from the end of the previous year[3]. - The company's cash and cash equivalents as of September 30, 2021, were CNY 545,542,700.76, compared to CNY 2,227,487,965.91 at the end of 2020[9]. - Inventory as of September 30, 2021, was CNY 760,333,744.13, an increase from CNY 677,309,909.91 at the end of 2020[9]. - Total assets decreased to CNY 5,303,429,283.46 as of September 30, 2021, from CNY 6,719,134,045.72 at the end of 2020[12]. - Total liabilities decreased to CNY 2,265,867,993.93 as of September 30, 2021, from CNY 3,701,393,826.15 at the end of 2020[12]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥105,167,221.91, a decrease of 64.19% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2021 was approximately ¥105.17 million, a decrease of 64.1% from ¥293.70 million in the same period of 2020[20]. - The company experienced a net cash outflow from investing activities of approximately ¥263.09 million in the first three quarters of 2021, compared to a net outflow of ¥245.31 million in the same period of 2020[21]. Shareholder Information - The company reported a total of 77,693 common shareholders at the end of the reporting period[8]. - The largest shareholder, Xuzhou Xingsheng Investment Holding Group Co., Ltd., holds 17.00% of the shares[8]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2021 amounted to CNY 3,038,179,820.03, down from CNY 3,809,028,901.10 in 2020[16]. - The gross profit margin for the first three quarters of 2021 was approximately 6.8%, compared to 1.9% in the same period of 2020[16]. - The company incurred a total operating expense of approximately ¥3.72 billion in the first three quarters of 2021, down from ¥4.24 billion in the same period of 2020[20]. - Research and development expenses for the first three quarters of 2021 were CNY 5,631,196.07, compared to CNY 4,469,084.96 in the same period of 2020[16]. - The company reported a decrease in financial expenses to CNY 35,941,139.52 in the first three quarters of 2021, down from CNY 124,383,867.84 in 2020[16]. Fluctuations and Challenges - The company experienced significant fluctuations in net profit due to reduced government relocation income and equity transfer gains from the previous year[5].