CCEG(SH:600697)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,034,024,591.35, representing an increase of 11.28% year-on-year[4] - The net profit attributable to shareholders was CNY 51,978,951.15, a decrease of 16.98% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 45,364,054.47, showing a significant increase of 817.95% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥6,291,042,731.61, an increase of 11.36% compared to ¥5,648,947,016.87 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥200,921,889.84, a decrease of 8.36% compared to ¥218,162,780.53 in the same period of 2020[20] - The company reported a total profit of ¥315,471,576.56 for the first three quarters of 2021, compared to ¥294,959,552.46 in the same period of 2020[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,998,604,904.97, a slight decrease of 0.48% from the end of the previous year[4] - The company's total liabilities as of the end of Q3 2021 amounted to ¥17,426,690,882.32, an increase from ¥16,740,893,202.23 at the end of Q3 2020[17] - The total assets as of September 30, 2021, amounted to CNY 22.10 billion, down from CNY 22.58 billion at the end of 2020[28] - Total liabilities were CNY 16.74 billion, a decrease from CNY 17.21 billion at the end of 2020[28] - The equity attributable to shareholders decreased by 19.07% to CNY 2,634,903,814.42 compared to the end of the previous year[4] - The company's total equity decreased to ¥4,571,914,022.65 from ¥5,362,767,069.25 in the previous year[17] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 639,602,830.24, an increase of 11.97%[4] - Operating cash inflow for the first three quarters of 2021 reached CNY 13.62 billion, a 2.4% increase from CNY 13.30 billion in the same period of 2020[23] - Net cash flow from operating activities was CNY 639.60 million, up 12% from CNY 571.21 million year-on-year[23] - Cash outflow from investment activities totaled CNY 336.70 million, a significant decrease from CNY 917.01 million in the previous year[24] - Cash flow from financing activities showed a net outflow of CNY 485.73 million, compared to a net inflow of CNY 38.84 million in the same period last year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,308[10] - Basic earnings per share for Q3 2021 were ¥0.44, slightly up from ¥0.43 in Q3 2020[20] - The total equity attributable to the parent company's owners is 3,255,898,124.36 CNY[29] - The total minority interest amounts to 2,106,868,944.89 CNY, leading to total equity of 5,362,767,069.25 CNY[29] Operational Changes - The company terminated a lease contract with Jilin Shengshi Real Estate Development Co., Ltd., which is expected to positively impact asset-liability ratio and long-term operations[13] - The company has acknowledged potential legal risks associated with the termination of the lease contract but believes it will not adversely affect financial status[13] - The company is currently operating normally at the Eurasia New Life Shopping Plaza[14] - The company plans to focus on market expansion and new product development as part of its future strategy[19] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[24] Other Financial Metrics - Current assets totaled RMB 4,869,106,796.19, down from RMB 5,076,233,860.18 at the end of 2020, indicating a decrease of approximately 4.1%[16] - Cash and cash equivalents were RMB 1,047,465,450.76, a decrease of 15.7% from RMB 1,243,349,936.89 at the end of 2020[16] - Inventory increased to RMB 3,081,546,537.82, up from RMB 2,987,382,219.78, reflecting an increase of approximately 3.2%[16] - Long-term equity investments rose to RMB 377,027,783.17 from RMB 363,806,660.25, showing an increase of about 3.6%[16] - The company reported a significant decrease in accounts receivable by 52.88%, primarily due to the recovery of receivables from the previous year[8] - The company reported a significant increase in other receivables, which rose to RMB 287,040,973.95 from RMB 168,333,432.55, marking an increase of approximately 70.6%[16] - The company’s goodwill remained stable at RMB 77,499,623.55, unchanged from the previous year[16] New Leasing Standards - The company implemented new leasing standards starting January 1, 2021, resulting in an increase in "right-of-use assets" and "lease liabilities" by 473,963,412.69 CNY each[30] - The total liabilities and equity amount to 22,103,660,271.48 CNY, with an adjustment of 473,963,412.69 CNY due to the new leasing standards[29]