CRCH(SH:600636)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥129,995,027.09, a decrease of 40.73% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥56,286,721.65, an increase of 8.43% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,821,240.54, up 8.39% from the previous year[5] - Basic earnings per share for Q3 2021 were ¥0.1259, a decrease of 20.89% compared to the same period last year[6] - Total revenue for the first three quarters of 2021 was CNY 277,307,551.82, a decrease of 34.2% compared to CNY 421,647,189.49 in the same period of 2020[22] - The company's net profit for the first three quarters of 2021 was CNY 72,302,728.59, a decrease of 24.2% compared to CNY 95,387,958.87 in 2020[23] - Net profit for Q3 2021 was approximately ¥66.65 million, a decrease of 24% compared to ¥87.26 million in Q3 2020[24] - Basic and diluted earnings per share for Q3 2021 were both ¥0.1491, down from ¥0.1885 in Q3 2020, representing a decline of 21.5%[25] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥13,267,673.32, down 90.16% compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2021 was ¥378.31 million, a decrease of 29.6% from ¥537.55 million in the same period of 2020[26] - Total cash and cash equivalents at the end of Q3 2021 amounted to ¥875.58 million, a decrease from ¥951.97 million at the end of Q3 2020[27] - Cash and cash equivalents as of September 30, 2021, were CNY 875,583,338.07, an increase of 13.4% from CNY 771,963,709.80 at the end of 2020[20] - Total assets at the end of the reporting period were ¥3,228,905,113.33, a decrease of 1.02% from the end of the previous year[6] - Total assets decreased to CNY 3,228,905,113.33 as of September 30, 2021, down 1.0% from CNY 3,262,279,119.21 at the end of 2020[21] Shareholder Information - Total number of common shareholders at the end of the reporting period was 25,977[12] - The largest shareholder, China Cultural Industry Development Group Co., Ltd., holds 110,216,220 shares, accounting for 24.66% of total shares[12] - The second largest shareholder, Shanghai Huayi (Group) Company, holds 51,845,405 shares, representing 11.60% of total shares[12] Incentive Plans and Corporate Governance - The company has implemented a restricted stock incentive plan, with a total of 6,487,850 shares granted at a price of RMB 6.942 per share[16] - The total subscription amount received from 91 incentive plan participants was RMB 45,038,654.70[17] - The incentive plan received approval from the State-owned Assets Supervision and Administration Commission[14] - The company’s independent directors have expressed independent opinions on the incentive plan[13] - The company is currently processing the registration of the restricted stock incentive plan with the China Securities Depository and Clearing Corporation[17] Operating Costs and Expenses - The company experienced a significant increase in operating expenses due to factors such as business growth in the education sector and increased inventory costs[10] - Total operating costs for the first three quarters of 2021 were CNY 244,193,224.81, down 36.5% from CNY 384,710,259.28 in 2020[23] - Research and development expenses for the first three quarters of 2021 were CNY 57,686,306.00, an increase of 19.5% from CNY 48,104,849.26 in 2020[23] Liabilities and Equity - Total liabilities decreased to CNY 165,316,034.75 as of September 30, 2021, down 23.6% from CNY 216,337,788.75 at the end of 2020[21] - Total liabilities reached $216,337,788.75, reflecting a decrease of $8,424,201.49 from the prior period[32] - Shareholders' equity totaled $3,045,941,330.46, showing a slight increase of $749,680.97 compared to the previous period[32] - The total liabilities and shareholders' equity combined amounted to $3,262,279,119.21, consistent with total assets[32] Accounting Standards and Reporting - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[33] - The company did not adjust comparative period information following the adoption of new accounting standards[33]