CSF(SH:600654)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥587,461,719.77, a decrease of 47.01% compared to the same period last year[6] - The net profit attributable to shareholders was -¥160,116,954.99, representing a decline of 123.79% year-over-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥68,282,429.47, down 43.14% from the previous year[6] - The basic and diluted earnings per share for the current period were both -¥0.12, a decrease of 100.00% compared to the same period last year[10] - Net profit for the third quarter of 2021 was CNY -318,083,727.31, compared to CNY -256,904,739.59 in the same quarter of 2020, indicating a worsening of 24%[37] - Basic and diluted earnings per share for the third quarter were both CNY -0.25, compared to CNY -0.20 in the previous year[39] - The total comprehensive income for the third quarter was CNY -357,385,484.66, compared to CNY -272,906,351.41 in the same quarter of 2020[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,608,898,989.22, a slight decrease of 0.45% from the end of the previous year[10] - As of September 30, 2021, the company's total assets amounted to RMB 4,608,898,989.22, a slight decrease from RMB 4,629,666,515.76 at the end of 2020[24] - The company's current liabilities totaled RMB 3,467,733,547.40, compared to RMB 3,396,038,718.75 in the previous year, indicating an increase in short-term financial obligations[30] - The company's total liabilities reached RMB 4,873,672,462.94, up from RMB 4,537,054,504.82, suggesting an increase in overall financial obligations[30] - The total liabilities and equity amounted to CNY 4,608,898,989.22, slightly down from CNY 4,629,666,515.76[33] - The company reported a total of 2,556,106,734.79 RMB in current assets, a decrease from 2,553,858,303.97 RMB[47] - The total liabilities were 4,200,000,000.00 RMB, reflecting a stable financial position[49] - Total liabilities amounted to 4,537,054,504.82, a decrease of 21,620,207.76 from the previous period[52] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥116,928,269.23, a decrease of 138.28% year-over-year[6] - Cash flow from operating activities showed a net outflow of CNY -116,928,269.23, compared to CNY -49,071,030.18 in the same period of 2020[41] - Net cash flow from investment activities was -34,056,357.11 RMB, a significant decrease compared to 119,796,114.63 RMB in the previous period[43] - Cash inflow from financing activities totaled 857,513,186.57 RMB, up from 569,193,402.77 RMB year-over-year[43] - The net cash flow from financing activities improved to 139,186,007.95 RMB, compared to a negative flow of -28,081,850.75 RMB in the prior period[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,121[14] - The largest shareholder, Shenzhen Zhongheng Huizhi Investment Co., Ltd., held 41.15% of the shares, totaling 527,977,838 shares[14] Legal and Regulatory Issues - The company is currently involved in 2,346 civil lawsuits related to securities false statements, with total claims amounting to RMB 776,596,949.02[18] - The company reported a significant amount of overdue loans and bonds, facing substantial repayment pressure, which may negatively impact future operations and performance if not managed properly[22] Government Support - The company received government subsidies totaling ¥1,234,426.06 during the current period, which is a decrease compared to previous periods[12] Debt Management - The company is actively working on measures to mitigate debt risks, which may include restructuring and improving cash flow management[22] - The company's long-term borrowings increased to RMB 744,158,204.16 from RMB 625,870,459.57, indicating a rise in long-term debt obligations[30] Research and Development - Research and development expenses increased to CNY 42,961,224.72 from CNY 39,087,797.57, representing an increase of 7.2%[34] Other Income - Other income rose to CNY 6,951,660.22 from CNY 4,010,392.22, marking a growth of 73.5%[34] Accounting Changes - The company adopted new leasing standards effective January 1, 2021, adjusting financial statement items accordingly[52] - The company did not adjust comparative period data for the new leasing standards implementation[52]