CS&S(SH:600536)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,758,564,420.65, representing a year-on-year increase of 108.32%[4] - The net profit attributable to shareholders of the listed company was -¥96,343,638.10, with a year-to-date net profit of -¥457,262,850.09[4] - The basic earnings per share for the quarter was -¥0.19, with a year-to-date figure of -¥0.92[4] - The company reported a year-to-date increase of 96.14% in operating revenue, attributed to the recovery from pandemic-related project delays[8] - The net profit for Q3 2021 was -473,832,791.98 RMB, compared to -648,930,921.02 RMB in Q3 2020, indicating an improvement of approximately 27% year-over-year[23] - The total comprehensive income for Q3 2021 was -474,273,066.03 RMB, compared to -648,556,740.92 RMB in Q3 2020, reflecting a year-over-year improvement of about 27%[24] - The company incurred a total operating profit of -462,863,428.50 RMB in Q3 2021, an improvement from -655,559,259.49 RMB in Q3 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,234,035,765.09, an increase of 17.70% compared to the end of the previous year[5] - Total liabilities increased to ¥7,813,099,174.59 in Q3 2021 from ¥5,809,277,582.98 in Q3 2020, representing a growth of approximately 34.4%[20] - The company's total equity decreased to ¥2,420,936,590.50 in Q3 2021 from ¥2,885,521,135.42 in Q3 2020, a decline of about 16.1%[21] - Short-term borrowings rose significantly to ¥1,283,626,774.69 in Q3 2021 from ¥308,079,706.80 in Q3 2020, an increase of approximately 316.5%[20] Cash Flow - The company's cash flow from operating activities for the quarter was ¥97,149,180.71, while the year-to-date cash flow was -¥1,855,210,153.17[4] - Cash flow from operating activities for the first three quarters of 2021 was -1,855,210,153.17 RMB, worsening from -1,142,183,857.68 RMB in the same period of 2020[26] - The company reported cash inflow from operating activities totaling 6,803,569,652.68 RMB in Q3 2021, up from 3,300,575,740.95 RMB in Q3 2020[26] - Cash outflow from operating activities was 8,658,779,805.85 RMB in Q3 2021, compared to 4,442,759,598.63 RMB in Q3 2020, indicating a significant increase[26] - The company reported a net increase in cash and cash equivalents of -758,594,356.94 RMB for Q3 2021, compared to -1,189,840,341.82 RMB in Q3 2020[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,705[10] - The largest shareholder, China Electronics Corporation, holds 29.57% of the shares[10] - The company has engaged in financing and securities lending activities, with a maximum of 3,366,500 shares lent out, representing 0.68% of the total share capital[11] Investments and Subsidiaries - The company established wholly-owned subsidiaries in 13 cities with a registered capital of RMB 10 million each, with most registration procedures completed[12] - The company plans to set up a private equity investment fund with a total scale of RMB 516 million, with the company committing RMB 51.5 million[13] - The company signed an agreement to increase capital in Zhongdian Wensi Haohui Technology Co., Ltd. with an investment of RMB 500 million, acquiring an 8.74% stake post-increase[13] - The company is selling its entire 60% stake in Zhongsoft Zhitong through a public listing with a minimum price of 2 million RMB, and will no longer hold any equity in Zhongsoft Zhitong after the transaction[15] - The company, in collaboration with China Great Wall Technology Group, is acquiring a total of 27% equity in China Electric (Hainan) Joint Innovation Research Institute for 30.51 million RMB, with the company holding 18% and assuming 7 million RMB of unpaid capital obligations[15] Government Subsidies and Donations - The company received government subsidies amounting to ¥10,547,361.50 during the quarter, contributing to its non-operating income[6] - The company has received a total of 12.35 million RMB in government subsidies related to the "New Generation Qilin Operating System" project since the beginning of 2021[16] - The company has made a charitable donation of 2 million RMB for disaster relief in Henan Province, with the donation process completed[16] Research and Development - Research and development expenses amounted to ¥1,430,713,669.30 in the first three quarters of 2021, up from ¥941,845,507.65 in 2020, reflecting a growth of approximately 51.9%[22] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[22] - The company has indicated a focus on strategic acquisitions to enhance its competitive position in the market[22]