*ST商城(600306) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥37,719,126.36, representing a decrease of 16.70% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥18,763,878.27, with a year-to-date net profit of -¥58,340,268.18, indicating significant losses[5]. - The basic and diluted earnings per share were both -¥0.11 for the quarter, with a year-to-date figure of -¥0.33[6]. - Total operating revenue for the first three quarters of 2021 was CNY 109,028,104.94, a decrease from CNY 144,301,846.20 in the same period of 2020[21]. - Total operating costs for the first three quarters of 2021 were CNY 165,969,427.32, down from CNY 237,943,530.41 year-on-year[21]. - Net loss for the first three quarters of 2021 was CNY 58,333,023.68, compared to a net loss of CNY 99,199,302.83 in the same period of 2020[22]. - Operating profit for the first three quarters of 2021 was CNY -55,083,046.56, an improvement from CNY -96,502,064.76 in the previous year[22]. - Basic and diluted earnings per share for the first three quarters of 2021 were both CNY -0.33, compared to CNY -0.56 in the same period of 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,387,829,265.43, reflecting a 4.58% increase from the end of the previous year[6]. - As of September 30, 2021, the company's total assets amounted to RMB 1,387,829,265.43, an increase from RMB 1,327,018,965.10 at the end of 2020, reflecting a growth of approximately 4.5%[15]. - The company's current assets totaled RMB 83,666,888.88, compared to RMB 75,982,499.32 in the previous year, indicating an increase of about 10.3%[17]. - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 1,637,777,753.12, an increase from CNY 1,559,848,467.16 at the end of the previous year[23]. - Total equity attributable to shareholders of the parent company was CNY -250,751,235.26, compared to CNY -233,625,005.13 in the previous year[23]. - Current liabilities amounted to CNY 1,594,463,526.45, compared to CNY 1,537,695,191.57 in the previous year[23]. - The total liabilities of the company were not explicitly stated, but the current liabilities included accounts payable of RMB 143,265,754.92, down from RMB 158,013,716.42, a decrease of approximately 9.3%[17]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥1,386,192.29 year-to-date[6]. - The net cash flow from operating activities increased by 96.47% year-on-year due to higher cash receipts related to operating activities[9]. - Operating cash flow for the first three quarters of 2021 was negative at -1,386,192.29 RMB, an improvement from -39,260,494.27 RMB in the same period of 2020[24]. - Total cash inflow from operating activities decreased to 363,045,419.91 RMB, down 7.9% from 394,064,155.54 RMB year-on-year[24]. - Cash outflow from operating activities also decreased to 364,431,612.20 RMB, a reduction of 15.9% compared to 433,324,649.81 RMB in the previous year[24]. - The net increase in cash and cash equivalents was 11,649,252.97 RMB, contrasting with a decrease of -8,796,690.55 RMB in the same period of 2020[25]. - The ending balance of cash and cash equivalents reached 16,639,200.75 RMB, significantly up from 3,160,840.41 RMB at the end of the previous year[25]. Government Support and Strategic Initiatives - The company received government subsidies amounting to ¥41,480.55 during the quarter, primarily related to water source heat pump subsidies[8]. - The company plans to enhance its capital strength through a non-public stock issuance, which is expected to alleviate financial pressure and improve capital structure[13]. - The non-public issuance will result in Leading Semiconductor becoming the controlling shareholder, with Wang Qiang as the actual controller of the company[13]. - The company has submitted responses to the China Securities Regulatory Commission regarding feedback on its non-public stock issuance application, indicating ongoing regulatory compliance efforts[14]. - The company is focused on improving operational safety and reducing financial risks through strategic capital management initiatives[13]. Inventory and Other Financial Metrics - The company reported a decrease in inventory from RMB 34,040,587.43 to RMB 27,642,699.79, a reduction of about 18.5%[17]. - Short-term borrowings were recorded at RMB 952,835,966.18, slightly down from RMB 966,245,929.57, showing a decrease of around 1.4%[17]. - Other income for the first three quarters of 2021 was CNY 134,785.85, down from CNY 395,476.47 in the same period of 2020[21]. - Cash inflow from financing activities totaled 235,922,170.78 RMB, down 3.4% from 245,000,000.00 RMB in the same period last year[25]. - Cash outflow from financing activities increased to 222,200,075.16 RMB, compared to 214,536,196.28 RMB in the previous year, indicating a rise of 3.1%[25].