GUOTONG PP(SH:600444)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥114,569,451.79, a decrease of 32.35% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥2,757,964.29, representing a decline of 114.33% year-on-year[4]. - The basic and diluted earnings per share were both -¥0.02, down 115.38% compared to the previous year[5]. - The weighted average return on equity decreased to -0.44%, a drop of 3.68 percentage points from the previous year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥24,160,616.89, a decrease of 34.76% compared to the same period last year[4]. - Net profit for the third quarter of 2021 was ¥24,160,616.89, a decrease of 34.7% from ¥37,033,149.64 in the same quarter of 2020[20]. - The company reported a total comprehensive income of ¥24,160,616.89 for the third quarter of 2021, down from ¥37,033,149.64 in the same quarter of 2020[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,071,291,409.95, down 9.20% from the end of the previous year[5]. - As of September 30, 2021, the company's total assets amounted to CNY 1,071,291,409.95, a decrease from CNY 1,179,867,049.59 at the end of 2020[16]. - The company's cash and cash equivalents decreased to CNY 351,462,846.90 from CNY 501,724,401.14, reflecting a decline of approximately 30%[14]. - Accounts receivable decreased to CNY 120,837,118.35 from CNY 175,286,214.64, representing a reduction of about 31%[14]. - Inventory decreased to CNY 176,439,519.37 from CNY 223,458,425.95, indicating a decline of approximately 21%[15]. - Total current liabilities decreased to CNY 449,015,237.93 from CNY 561,574,962.18, a reduction of about 20%[16]. - The company's total liabilities decreased to CNY 457,541,816.94 from CNY 568,463,834.30, reflecting a decline of approximately 20%[16]. - The total equity attributable to shareholders increased slightly to CNY 613,749,593.01 from CNY 611,403,215.29[16]. Cash Flow - The cash flow from operating activities was -¥130,645,418.12, a significant decline of 422.15% year-to-date[4]. - Cash flow from operating activities for the first three quarters of 2021 showed a net outflow of ¥130,645,418.12, compared to a net inflow of ¥40,553,859.82 in 2020[23]. - The company experienced a significant increase in cash outflows from operating activities, totaling ¥615,652,236.11 in the first three quarters of 2021, compared to ¥490,152,836.96 in 2020[23]. Government Subsidies - The company received government subsidies amounting to ¥445,940.97 during the reporting period, down from ¥1,463,609.09 year-to-date[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,084[10]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥28,006,644.57, an increase of 20.0% from ¥23,319,262.26 in 2020[19]. Market and Product Development - The company has no new product or technology developments mentioned in the report[13]. - There are no significant mergers or acquisitions reported during the quarter[13]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[28]. Financial Adjustments - The implementation of the new leasing standards has resulted in a notable adjustment in the financial statements, impacting both assets and liabilities[27].