TYGF(SH:600506)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 26,455,103.74, an increase of 799.24% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 3,501,896.35, representing a decrease of 168.24% year-on-year[4]. - The basic and diluted earnings per share were both CNY -0.024, a decrease of 169.01% compared to the previous year[5]. - The company's operating revenue for the first three quarters of 2021 reached CNY 113,014,783.08, a significant increase from CNY 12,567,749.00 in the same period of 2020, representing a growth of approximately 800%[18]. - The net profit for the first three quarters of 2021 was a loss of CNY 7,203,187.91, compared to a profit of CNY 10,556,080.37 in the same period of 2020, indicating a decline in profitability[19]. - The company reported a gross profit margin of approximately 0.54% for the first three quarters of 2021, down from a higher margin in the previous year, indicating challenges in cost management[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 291,883,879.26, a decrease of 2.82% from the end of the previous year[5]. - The total assets as of September 30, 2021, amounted to CNY 291,883,879.26, down from CNY 300,357,065.76 at the end of 2020, reflecting a decrease of about 2%[16]. - The company's total liabilities as of September 30, 2021, were CNY 20,566,862.92, a decrease from CNY 21,836,861.51 at the end of 2020, showing a reduction of approximately 5.8%[16]. - The company has experienced a significant increase in accounts receivable, which stood at CNY 36,778,033.84 as of September 30, 2021, compared to CNY 7,123,340.30 at the end of 2020, reflecting potential liquidity issues[15]. Cash Flow - The cash flow from operating activities was CNY -81,698,790.47 for the year-to-date[4]. - The company's cash flow from operating activities for the first three quarters of 2021 was a net outflow of CNY 81,698,790.47, compared to a net outflow of CNY 15,727,631.40 in the same period of 2020, indicating worsening cash flow conditions[22]. - The net cash flow from investing activities was -$2,285,461.04, indicating a significant outflow compared to the previous period's inflow of $7,608,137.77[23]. - The net increase in cash and cash equivalents for the period was -$83,984,251.51, a decline from the previous period's decrease of -$8,119,493.63[23]. - The ending balance of cash and cash equivalents was $4,833,413.68, down from $88,817,665.19 at the beginning of the period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,314[9]. - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 23.88% of the shares[9]. Future Plans and Challenges - The company is in the process of planning a major asset restructuring, with specific transaction amounts and valuations yet to be determined, indicating significant uncertainty in future operations[14]. - The company has submitted an application for a non-public issuance of A-shares, which is currently under review by the China Securities Regulatory Commission, with approval timelines remaining uncertain[12]. - The company plans to continue its market expansion efforts, although specific strategies and timelines have not been disclosed, indicating a focus on growth despite current financial challenges[14]. - The company expanded its sales channels and increased fruit sales, leading to a significant rise in sales volume[6]. - The weighted average return on net assets was -1.28%, a decrease of 6.40 percentage points compared to the previous year[5].