GSMG(SH:600543)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 39,917,296.90, representing a year-on-year increase of 6.52%[5] - The net profit attributable to shareholders was a loss of CNY 11,851,632.08, a decrease of 569.31% compared to the same period last year[5] - For the first nine months of 2021, the company's total operating revenue reached RMB 103,021,820.19, a significant increase of 39.61% compared to the same period in 2020, but still showing a decline compared to 2019[13] - The wine business experienced a revenue decline of 3.07% due to a sluggish consumer market, while the biodegradable materials segment now contributes one-third of the total operating revenue[13] - The company reported a total operating revenue of 115,328,193.77 RMB for the first nine months of 2021, compared to 80,487,369.24 RMB in the same period of 2020, indicating growth in revenue[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,232,201,237.62, down 9.26% from the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to RMB 1,232,201,237.62, down from RMB 1,357,950,223.38 at the end of 2020[18] - The company's total liabilities decreased to RMB 107,620,574.36 from RMB 203,708,379.98 at the end of 2020[18] - Total assets amounted to approximately ¥1,357.95 billion, with current assets at ¥560.27 billion and non-current assets at ¥797.68 billion[27] - Total liabilities reached approximately ¥203.71 billion, with current liabilities at ¥119.81 billion and non-current liabilities at ¥83.90 billion[28] Cash Flow - The cash flow from operating activities showed a net outflow of CNY -1,898,844.27, a decrease of 291.75% year-on-year[5] - Cash flow from operating activities for the first nine months of 2021 was -1,898,844.27 RMB, down from 990,283.39 RMB in the same period of 2020[23] - The net cash flow from financing activities in Q3 2021 was -83,083,130.80 RMB, a decrease from a positive cash flow of 53,027,789.26 RMB in Q3 2020[24] - Total cash inflow from investment activities in the first nine months of 2021 was 101,358,630.12 RMB, compared to 328,543,027.31 RMB in the previous year, showing a decline in investment returns[24] Profitability and Expenses - The weighted average return on net assets was -1.03%, a decrease of 1.25 percentage points compared to the previous year[5] - The company reported a significant increase in sales expenses, which rose to RMB 46,952,161.00 from RMB 37,972,917.63 year-over-year[20] - The net profit for Q3 2021 was -29,661,180.14 RMB, compared to -9,629,340.31 RMB in Q3 2020, indicating a significant increase in losses[21] - Operating profit for Q3 2021 was -31,066,534.18 RMB, compared to -10,800,683.01 RMB in the same period last year, reflecting a worsening operational performance[21] - The net profit for the year is expected to be a loss, influenced by the volatility in chemical raw material prices affecting production normalization[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,218[10] - Shareholders' equity totaled approximately ¥1,154.24 billion, with total equity attributable to the parent company at ¥1,172.33 billion[29] Other Financial Metrics - The company received government subsidies amounting to CNY 320,850.92 during the reporting period[8] - The company incurred a credit impairment loss of 121,431.32 RMB in Q3 2021, compared to a gain of -235,218.71 RMB in Q3 2020, reflecting a deterioration in credit quality[21] - The company's cash and cash equivalents stood at RMB 217,204,640.14, a decrease from RMB 227,462,292.37 at the end of 2020[15] - Accounts receivable decreased to RMB 52,972,058.18 from RMB 63,660,586.43 year-over-year[16] - The company reported an undistributed profit of approximately ¥251.93 million[29]