JINJIANG ONLINE(SH:600650)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥726,973,545.55, a decrease of 11.75% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥41,690,446.83, an increase of 181.54% year-on-year[6]. - The net profit excluding non-recurring gains and losses reached ¥48,887,300.10, up 192.94% from the previous year[6]. - Basic earnings per share for the quarter were ¥0.0756, reflecting a 182.09% increase compared to the same period last year[6]. - The net profit for Q3 2021 was CNY 102,601,020.93, representing a 54% increase compared to CNY 66,621,116.35 in Q3 2020[20]. - The total profit for Q3 2021 reached CNY 119,795,466.84, up from CNY 81,601,949.24 in the same period last year, marking a growth of approximately 46.6%[20]. - The basic earnings per share for Q3 2021 was CNY 0.1660, compared to CNY 0.0977 in Q3 2020, indicating a significant increase of 69.5%[21]. - The total comprehensive income for Q3 2021 was CNY 113,842,776.93, compared to CNY 50,316,395.86 in Q3 2020, reflecting a growth of 126.4%[21]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,225,915,655.27, representing a 0.81% increase from the end of the previous year[6]. - Current assets decreased to RMB 1,789,551,600.24 from RMB 2,116,561,348.49 at the end of 2020, a decline of about 15.43%[15]. - Non-current assets increased to RMB 3,436,364,055.03 from RMB 3,067,463,076.25, showing a growth of approximately 12.03%[15]. - Total liabilities as of September 30, 2021, were RMB 1,301,925,060.16, compared to RMB 1,255,883,484.20 at the end of 2020, reflecting an increase of about 3.67%[16]. - The company's cash and cash equivalents decreased to RMB 1,056,514,157.52 from RMB 1,338,867,505.66 at the end of 2020, a decline of approximately 21.05%[14]. - The company's equity attributable to shareholders was RMB 3,517,338,981.11, slightly down from RMB 3,540,699,526.53 at the end of 2020[16]. - Current liabilities were approximately CNY 871.47 million, with accounts payable at CNY 90.96 million and short-term borrowings at CNY 72.50 million[28]. - Total liabilities increased to approximately CNY 1.26 billion, with non-current liabilities accounting for CNY 384.41 million[29]. Cash Flow - Cash flow from operating activities showed a significant decline of 74.65%, totaling ¥35,627,390.34 year-to-date[6]. - The net cash flow from operating activities for the first nine months of 2021 was CNY 35,627,390.34, a decrease of 74.6% from CNY 140,559,838.23 in the same period of 2020[23]. - The cash flow from investing activities showed a net outflow of CNY 161,159,379.16 in the first nine months of 2021, compared to a net outflow of CNY 37,148,575.38 in the same period last year[24]. - The cash and cash equivalents at the end of Q3 2021 were CNY 1,025,403,652.98, down from CNY 1,079,799,657.07 at the end of Q3 2020[24]. Business Growth and Strategy - The company experienced growth across various business segments, contributing to the increase in net profit[9]. - Total revenue for the first three quarters of 2021 reached RMB 2,127,145,496.20, an increase from RMB 1,972,224,268.89 in the same period of 2020, representing a growth of approximately 7.85%[19]. - Operating costs for the first three quarters of 2021 amounted to RMB 1,756,751,614.84, compared to RMB 1,706,300,329.77 in 2020, reflecting an increase of about 2.95%[19]. - Research and development expenses for the first three quarters of 2021 were RMB 13,215,463.25, up from RMB 11,827,159.15 in 2020, indicating a growth of approximately 11.76%[19]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the call[30]. - The company is focusing on enhancing its financial position through strategic investments and potential acquisitions in the upcoming quarters[30]. - Future guidance indicates a positive outlook for revenue growth, driven by increased user engagement and market penetration strategies[30].