Qinghai Spring(SH:600381)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥34,429,194.75, representing a year-on-year increase of 19.74%[3] - The net profit attributable to shareholders was a loss of ¥10,288,081.35, with no applicable year-on-year comparison[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,360,652.59, with no applicable year-on-year comparison[3] - The company reported a year-to-date operating revenue of ¥81,475,583.78, which is an increase of 30.56% compared to the same period last year[3] - The company reported a net profit margin of approximately -54.5% for the first three quarters of 2021, compared to -24.5% in the same period of 2020[17] - In Q3 2021, the company reported a net loss of CNY 60,000,701.72, compared to a net loss of CNY 103,262,609.38 in Q3 2020, representing a 42% improvement year-over-year[19] - The company's operating profit for Q3 2021 was a loss of CNY 60,199,300.55, which is an improvement from a loss of CNY 105,984,907.61 in Q3 2020[20] - The company reported a basic and diluted earnings per share of CNY -0.102 for Q3 2021, an improvement from CNY -0.176 in Q3 2020[20] Assets and Equity - The total assets at the end of the reporting period were ¥2,022,671,849.17, a decrease of 8.32% compared to the end of the previous year[4] - As of September 30, 2021, total assets amounted to ¥2,022,671,849.17, down from ¥2,206,170,959.18 at the end of 2020, reflecting a decrease of 8.3%[15] - Current assets totaled ¥1,104,726,939.06 as of September 30, 2021, compared to ¥1,243,254,077.67 at the end of 2020, indicating a decline of 11.1%[14] - The total equity attributable to shareholders was ¥2,009,090,719.15 as of September 30, 2021, down from ¥2,069,091,420.87 at the end of 2020, representing a decrease of 2.9%[16] Operating Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥123,708,792.53, a decrease of 9.8% from ¥137,216,346.54 in the first three quarters of 2020[17] - The total operating expenses for Q3 2021 were CNY 155,102,874.35, compared to CNY 147,081,358.42 in Q3 2020, reflecting an increase of about 5.5%[21] - Research and development expenses decreased to CNY 7,065,729.77 in Q3 2021 from CNY 9,780,099.89 in Q3 2020, indicating a reduction of about 28%[20] - The company experienced a reduction in marketing and employee compensation expenses, contributing to a decrease in losses[8] Cash Flow and Investments - The net cash flow from operating activities for the first three quarters of 2021 was a negative CNY 76,397,539.44, an improvement from a negative CNY 86,795,330.62 in the same period of 2020[21] - The company generated CNY 827,426,063.34 in cash inflow from investment activities in Q3 2021, compared to CNY 310,219,585.42 in Q3 2020, marking a significant increase of approximately 166.5%[21] - The cash and cash equivalents at the end of Q3 2021 stood at CNY 172,727,378.60, a decrease from CNY 41,140,438.85 at the end of Q3 2020[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,650[10] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - There are no significant mergers or acquisitions reported during the quarter[12] Inventory and Other Assets - Inventory as of September 30, 2021, was ¥461,303,966.41, an increase of 4.7% from ¥440,431,046.55 at the end of 2020[14] - The company's cash and cash equivalents stood at ¥172,727,378.60, a decrease of 4.3% from ¥180,873,792.77 at the end of 2020[14] - The weighted average return on equity was -0.50%, an increase of 1.16 percentage points compared to the previous year[4]