NINGBO FUDA(SH:600724)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥513,275,372.43, representing a decrease of 14.00% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥69,958,066.21, down 31.49% year-on-year[6]. - The basic earnings per share for Q3 2021 was ¥0.0484, a decline of 31.44% compared to the same quarter last year[10]. - The company's net profit for Q3 2021 was approximately ¥260.96 million, a decrease of 26.5% compared to ¥355.63 million in Q3 2020[49]. - The total profit for the period was ¥339.15 million, down 24.8% from ¥451.21 million in the same quarter last year[49]. - Operating profit decreased to ¥330.49 million, a decline of 26.4% from ¥448.64 million year-over-year[49]. - The company's total revenue from sales and services received was approximately ¥1.74 billion, a decline from ¥1.93 billion in the same period last year[52]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥254,274,912.68, reflecting a significant decrease of 57.06%[10]. - The company reported a net cash flow from operating activities of ¥254.27 million, down 57.0% from ¥592.17 million in the previous year[53]. - Cash inflow from investment activities was ¥514.71 million, a decrease of 56.2% compared to ¥1.17 billion in Q3 2020[53]. - The company experienced a net cash outflow from investment activities of ¥562.62 million, contrasting with a net inflow of ¥715.77 million in the previous year[53]. - The net increase in cash and cash equivalents was -652,538,054.49 RMB, compared to an increase of 163,631,492.69 RMB in the previous period[56]. - The ending balance of cash and cash equivalents was 885,236,896.78 RMB, down from 1,155,205,445.32 RMB[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,983,272,190.30, down 4.17% from the end of the previous year[10]. - Current assets as of September 30, 2021, totaled CNY 2,009,803,000.09, a decrease of 8.2% from CNY 2,188,321,480.07 at the end of 2020[40]. - Non-current assets amounted to CNY 1,973,469,190.21, slightly up from CNY 1,968,481,234.50 at the end of 2020, indicating a growth of 0.3%[40]. - Total liabilities as of September 30, 2021, were CNY 598,765,177.47, down from CNY 677,710,139.80, a reduction of 11.6%[42]. - Shareholders' equity decreased to CNY 3,384,507,012.83 from CNY 3,479,092,574.77, reflecting a decline of 2.7%[42]. - Total current liabilities were reported at 677,710,139.80 RMB, with a slight increase to 680,012,200.43 RMB[62]. Investments and Subsidiaries - The company plans to invest in a new subsidiary and acquire equity in Hami Jinyun Energy Technology Co., Ltd., with a shareholder loan of up to 300 million RMB[24]. - Fuda Jintuoling acquired 100% equity of Hami Jinyun Energy Technology Co., Ltd. for a transaction price of 7.39 million RMB, based on the audited total assets and liabilities of Hami Jinyun[26]. - The company has provided shareholder loans of 150 million RMB to Fuda Jintuoling, within the agreed maximum loan limit of 300 million RMB[26]. - The investment in the relocation project of Ningbo Kehuan New Building Materials Co., Ltd. has reached 10.052 million RMB, accounting for 39% of the planned investment[30]. - The first phase of the Tianyi Plaza upgrade project has a preliminary budget of 80 million RMB, with completed investments of 56.9 million RMB as of the end of Q3 2021[31]. Government Support and Other Income - The company received government subsidies amounting to ¥1,239,853.45 during the reporting period[11]. - The company reported non-recurring gains and losses totaling ¥23,092,171.47 for the quarter[12]. - The company recorded a net profit of ¥16,948,084.34 from entrusted investment or asset management during the quarter[11]. Cost Management - The company's sales expenses were ¥33.73 million, significantly reduced from ¥70.45 million in the previous year, indicating a cost-cutting strategy[49]. - Total operating costs for the first three quarters of 2021 were CNY 1,138,306,558.29, down from CNY 1,278,272,077.40 in 2020, reflecting a reduction of 10.9%[42].