QJCT(SH:600706)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 292,027,534.66, a decrease of 15.97% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company for Q3 2021 was a loss of CNY 6,662,385.12, representing a decline of 108.70% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 16,788,556.42, down 129.88% from the previous year[2]. - Total operating revenue for the first three quarters of 2021 reached CNY 896,615,642.91, an increase of 29.6% compared to CNY 692,099,848.44 in the same period of 2020[21]. - Total operating costs for the first three quarters of 2021 were CNY 910,407,117.14, up from CNY 732,692,233.36 in 2020, reflecting a year-on-year increase of 24.3%[21]. - Operating profit for the first three quarters of 2021 was a loss of CNY 31,207,216.44, improving from a loss of CNY 40,628,043.32 in the same period of 2020[21]. - The total comprehensive income for Q3 2021 was a loss of ¥28.72 million, compared to a loss of ¥34.85 million in Q3 2020, indicating a year-over-year improvement[22]. - The basic and diluted earnings per share for Q3 2021 were both -¥0.11, an improvement from -¥0.16 in Q3 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,422,316,891.85, an increase of 6.45% compared to the end of the previous year[2]. - Total liabilities as of September 30, 2021, were CNY 2,451,159,189.96, up from CNY 2,227,204,758.16 at the end of 2020, indicating a rise of 10.1%[19]. - Cash and cash equivalents decreased to CNY 281,294,437.29 from CNY 488,716,738.20 at the end of 2020, a decline of 42.5%[18]. - Accounts receivable increased to CNY 848,843,649.68 from CNY 749,116,382.87, marking a growth of 13.3%[18]. - Inventory rose to CNY 67,668,817.31, compared to CNY 44,559,748.82 at the end of 2020, reflecting a significant increase of 51.8%[18]. - Short-term borrowings slightly increased to CNY 233,005,867.74 from CNY 230,195,908.02, a marginal rise of 1.2%[19]. - The company reported no overdue loans during the reporting period, indicating a stable financial position[26]. Shareholder Information - The company reported a total of 15,302 common shareholders at the end of the reporting period[6]. - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holds 53.16% of the shares[6]. - The controlling shareholder's stake was diluted from 53.16% to 44.90%, representing a dilution of approximately 8.26%[13]. - The company’s major shareholders include Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holding 114,511,121 shares[7]. Government Support and Legal Matters - The company experienced a significant impact on its performance due to the resurgence of COVID-19 during the reporting period[4]. - Non-recurring gains and losses for the reporting period totaled CNY 10,126,171.30, with government subsidies contributing CNY 5,131,198.98[3]. - The company received government subsidies, with announcements made on multiple dates, including September 24, 2021[11]. - The company reported a significant legal matter involving a claim for damages amounting to 30.1 million yuan, with ongoing litigation[15]. Corporate Actions and Announcements - The company completed a non-public offering of shares, increasing its total share capital from 215,411,610 shares to 255,059,785 shares, with an addition of 39,648,175 shares[12]. - The company is in the process of establishing a holding subsidiary, as announced on September 25, 2021[11]. - The company has made changes to its business scope and completed the necessary registration updates as of August 24, 2021[10]. - The company held its third extraordinary general meeting of shareholders on August 6, 2021, to discuss important resolutions[9]. - The company has been actively involved in various announcements regarding board meetings and resolutions throughout 2021[8]. - The company has disclosed its half-year performance forecast on July 30, 2021, indicating ongoing financial assessments[8]. Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was CNY 106,742,519.36[2]. - The net cash flow from operating activities for the first three quarters of 2021 was ¥106.74 million, a significant recovery from a negative cash flow of ¥6.38 million in the same period of 2020[24]. - The company reported a net cash outflow from investing activities of ¥251.04 million in the first three quarters of 2021, compared to a net outflow of ¥207.97 million in the same period of 2020[25]. - The net cash flow from financing activities in Q3 2021 was a negative ¥76.65 million, a decline from a positive cash flow of ¥403.87 million in the same period of 2020[25]. - The company recorded operating cash inflows of ¥963.76 million in the first three quarters of 2021, compared to ¥691.99 million in the same period of 2020, reflecting a growth of approximately 39.2%[24]. - The company incurred operating cash outflows totaling ¥857.02 million in the first three quarters of 2021, compared to ¥698.38 million in the same period of 2020, representing an increase of about 22.8%[24].