FOUNDERTECH(SH:600601)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,247,327,565.22, representing a decrease of 1.43% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was -¥225,438,577.71, with a year-to-date net profit of -¥449,013,111.14[6]. - The basic earnings per share for Q3 2021 was -0.1027, and the diluted earnings per share was also -0.1027[10]. - The weighted average return on equity decreased by 65.76 percentage points to -69.20% for Q3 2021[10]. - Total operating revenue for the first three quarters of 2021 was CNY 3,263,951,943.97, a decrease from CNY 3,452,341,748.23 in the same period of 2020, representing a decline of approximately 5.45%[36]. - The net loss attributable to shareholders was CNY 2,145,908,008.94, compared to a loss of CNY 1,696,894,897.80 in the previous year, indicating a worsening of approximately 26.49%[35]. - The net profit for the third quarter was -450,547,684.65 RMB, compared to -170,066,920.88 RMB in the same period last year, indicating a significant increase in losses[40]. - Operating profit for the quarter was -424,526,138.84 RMB, worsening from -115,128,302.22 RMB year-over-year[40]. - The company reported a decrease in total comprehensive income, with a total of -520,435,975.18 RMB for the quarter, compared to -169,443,831.86 RMB last year[42]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥9,179,234,377.65, an increase of 2.15% from the end of the previous year[10]. - The equity attributable to shareholders decreased by 70.88% to ¥213,194,631.33 compared to the end of the previous year[10]. - Total liabilities reached CNY 8,953,308,289.49, compared to CNY 8,240,048,535.41 in the previous year, indicating a rise of about 8.66%[33]. - The company's total assets increased to CNY 9,179,234,377.65 from CNY 8,986,410,598.75, reflecting a growth of approximately 2.15%[35]. - The company's total equity was CNY 746,362,063.34, remaining stable compared to the previous reporting period[58]. Cash Flow and Financial Position - The net cash flow from operating activities for the year-to-date was -¥90,472,279.39, reflecting a decrease of 122.69%[10]. - The company reported a significant drop in cash reserves, which may impact its operational liquidity and investment capabilities moving forward[26]. - As of September 30, 2021, the company's cash and cash equivalents amounted to RMB 535,462,750.41, a decrease from RMB 953,368,693.51 as of December 31, 2020, representing a decline of approximately 43.8%[26]. - The cash and cash equivalents at the end of the period were 233,566,930.59 RMB, down from 444,342,381.62 RMB at the end of the previous year[49]. - Cash flow from operating activities showed a net outflow of -90,472,279.39 RMB, contrasting with a positive inflow of 398,771,485.99 RMB in the same period last year[45]. Shareholder and Ownership Changes - The total number of ordinary shareholders at the end of the reporting period was 157,722[18]. - The restructuring plan for the company’s controlling shareholder, Beida Jade Bird Group, was approved, leading to a change in control to a new entity, with Ping An Life Insurance expected to hold 70% of the new group[25]. - The new ownership structure post-restructuring includes Ping An Life holding 66.5%, Zhuhai Huafa Group holding 28.5%, and a creditor platform holding approximately 5%[25]. - The actual control of the company is expected to change to a state of no actual controller, which may influence governance and strategic direction[25]. Legal and Regulatory Issues - The company faced a total of 1,505 lawsuits from investors due to alleged false statements, with a total claim amount of approximately RMB 246 million, of which 1,472 cases have been resolved with a compensation amount of about RMB 116 million[22]. - The company is under scrutiny due to past regulatory penalties and ongoing litigation, which may affect investor confidence and market perception[22]. Operational Challenges - The company reported a significant increase in losses due to adjustments in the communication market and decreased capacity utilization in the PCB business[15]. - There is no indication of market expansion or acquisition strategies mentioned in the latest financial disclosures[24]. - The company has not disclosed any new product developments or technological advancements in the recent reports[24]. Expenses - Research and development expenses increased to 230,641,278.07 RMB, up from 213,476,580.19 RMB year-over-year[40]. - Sales expenses rose to 238,403,716.00 RMB, compared to 226,061,948.62 RMB in the previous year[40]. - The company incurred financial expenses of 161,708,118.83 RMB, slightly down from 168,369,210.14 RMB year-over-year[40].