n.n.store(SH:600712)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥196,371,069.26, representing a year-over-year increase of 2.77% and a year-to-date increase of 8.64%[5] - The net profit attributable to shareholders was -¥2,704,656.23, a decline of 78.96% year-over-year, while the year-to-date net profit was -¥7,594,171.28, down 85.02% compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0050, reflecting an increase of 78.81% year-over-year due to the growth in net profit[6] - The company's operating profit increased by 82.44% year-over-year, driven by the growth in operating revenue and gross profit[9] - The total profit for the period increased by 90.74% year-over-year, attributed to the absence of provisions for expected liabilities from the previous year and increased operating revenue[9] - The net profit for Q3 2021 was -7,594,171.28 CNY, a significant decrease compared to -50,679,656.94 CNY in Q3 2020, indicating an improvement in performance year-over-year[21] - The total comprehensive income for Q3 2021 was -7,594,171.28 CNY, compared to -50,679,656.94 CNY in the same period last year, reflecting a reduction in losses[21] - Basic and diluted earnings per share for Q3 2021 were both -0.0139 CNY, an improvement from -0.0930 CNY in Q3 2020[21] Cash Flow and Expenses - The net cash flow from operating activities was -¥9,865,760.03, a decrease of 141.01% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2021 was -11,299,973.53 CNY, an improvement from -31,527,108.53 CNY in the same period of 2020[22] - The company incurred management expenses of 82,120,903.60 CNY in Q3 2021, a decrease from 128,362,196.85 CNY in Q3 2020, indicating improved cost management[21] - Cash inflow from financing activities in Q3 2021 was 300,760,643.38 CNY, down from 323,436,472.35 CNY in Q3 2020[23] - Cash outflow from financing activities increased to 327,662,227.72 CNY in Q3 2021, compared to 237,663,704.97 CNY in Q3 2020[23] - The net cash flow from investing activities for Q3 2021 was -3,445,919.74 CNY, an improvement from -17,655,428.24 CNY in Q3 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,703,029,476.25, a decrease of 5.60% from the end of the previous year[6] - Total current assets were RMB 444,057,396.39, down from RMB 513,840,846.66 at the end of 2020, a decrease of about 13.5%[15] - Total assets as of September 30, 2021, were RMB 1,703,029,476.25, compared to RMB 1,804,097,808.15 at the end of 2020, showing a decline of approximately 5.6%[16] - The company reported a total liability of RMB 817,384,443.54 as of September 30, 2021, down from RMB 910,858,604.16 at the end of 2020, a reduction of about 10.2%[17] - Current liabilities reached approximately $871.11 million, including short-term borrowings of about $274.33 million and accounts payable of approximately $258.45 million[26] - Total liabilities were approximately $910.86 million, with non-current liabilities accounting for about $39.75 million[27] Equity and Shareholder Information - The company's equity attributable to shareholders was RMB 885,645,032.71, slightly decreasing from RMB 893,239,203.99 at the end of 2020, a decline of approximately 0.7%[17] - Shareholders' equity totaled approximately $893.24 million, with an accumulated deficit of about $77.37 million[27] Accounts Receivable and Inventory - The accounts receivable increased by 151.27% year-over-year, primarily due to the growth in the home appliance wholesale business and installation service fees[9] - Accounts receivable increased to RMB 11,413,890.38 from RMB 4,542,452.05 year-over-year, representing a significant increase of approximately 151.1%[15] - Inventory decreased to RMB 104,197,152.16 from RMB 117,493,586.58 at the end of 2020, a decline of about 11.3%[15]