ZSIG(SH:600313)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥749,912,877.55, a decrease of 26.88% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was -¥1,271,787.94, representing a decline of 133.64% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,585,642.61, a decrease of 105.64% compared to the same period last year[7]. - Net profit for the third quarter of 2021 was -¥13,093,222.06, compared to -¥19,948,904.22 in the same quarter of 2020, showing an improvement of 34.5%[36]. - The company’s total comprehensive income for the third quarter was -¥12,668,135.50, compared to -¥19,948,904.22 in the same quarter of 2020, reflecting a year-over-year improvement of 36.6%[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,135,323,532.48, down 5.56% from the end of the previous year[9]. - As of September 30, 2021, total assets amounted to RMB 3,135,323,532.48, a decrease from RMB 3,320,001,240.25 in the previous year[24]. - The company’s total liabilities decreased to ¥990,323,970.58 in 2021 from ¥1,158,882,784.87 in 2020, a reduction of approximately 14.5%[31]. - The total equity attributable to shareholders was ¥1,462,734,110.02, slightly down from ¥1,467,297,044.45 in the previous year[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥316,461,409.35, reflecting a significant increase in procurement expenses[9]. - Cash flow from operating activities for the first three quarters of 2021 was ¥3,358,148,496.64, compared to ¥2,428,622,671.69 in 2020, indicating a significant increase of 38.3%[39]. - The company reported a total cash outflow of 3,782,813,602.66 from operating activities, which is significantly higher than 2,607,344,272.40 from the previous year[42]. - Total cash inflow from operating activities amounted to 3,466,352,193.31, compared to 2,579,313,970.40 in the same quarter last year, reflecting a year-over-year increase of approximately 34.4%[42]. - Cash outflow for purchasing goods and services was 3,568,727,900.05, up from 2,337,647,077.13, representing an increase of about 52.7%[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,424, with the largest shareholder being China Agricultural Development Group Co., Ltd., holding 23.12% of shares[17]. - The company has pledged 22,000,000 shares due to debt repayment needs, which does not affect its control[23]. - The company reported a judicial freeze on 97,759,653 shares held by a major shareholder due to a contract dispute[23]. Operational Challenges - The company attributed the decline in profits to rising raw material prices and a decrease in export orders from downstream customers[16]. - The company is focused on maintaining operational stability despite the challenges posed by share pledges and freezes[23]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥23,669,680.13, an increase of 25.0% from ¥18,915,302.72 in 2020[33].