CBEST(SH:600729)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥4.57 billion, a decrease of 6.92% compared to ¥4.91 billion in the same period last year[8]. - Net profit attributable to shareholders was approximately ¥218.68 million, an increase of 6.60% from ¥204.65 million year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥210.99 million, reflecting an increase of 11.27% compared to ¥189.62 million in the previous year[8]. - The basic earnings per share for the quarter was ¥0.55, up 10.00% from ¥0.50 in the same period last year[8]. - The company reported a significant increase of 32.84% in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date, primarily due to recovery from the pandemic impact last year[16]. - Total operating revenue for the first three quarters of 2021 reached ¥16,356,283,686.39, an increase of 5.8% compared to ¥15,453,781,271.71 in the same period of 2020[33]. - Net profit for the first three quarters of 2021 was ¥864,969,710.49, a decrease of 10.8% from ¥969,289,824.47 in the previous year[34]. - The total profit for the first three quarters was ¥973,028,020.60, compared to ¥1,125,315,017.31 in the previous year, marking a decrease of 13.5%[34]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥17.11 billion, an increase from ¥16.81 billion at the end of the previous year[12]. - Total current assets as of September 30, 2021, amounted to CNY 7,017,635,760.79, a decrease from CNY 10,170,177,428.80 as of December 31, 2020, representing a decline of approximately 30.5%[26]. - Total liabilities as of September 30, 2021, were CNY 7,409,493,043.68, down from CNY 9,399,949,208.18, a decrease of approximately 21.1%[28]. - The company's total liabilities reached ¥11,587,921,394.67, compared to ¥9,718,911,079.19 in the previous year, indicating a significant increase of 19.2%[30]. - Shareholders' equity attributable to the parent company decreased to ¥5,417,646,426.31 from ¥6,961,860,537.99, a decline of 22.2%[30]. - The total equity of the company was ¥5,523,651,932.22, down from ¥7,089,541,724.17, indicating a decrease of 22.1%[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥1.37 billion, an increase of 28.18% compared to ¥1.07 billion in the previous year[8]. - Cash inflow from operating activities for the first three quarters of 2021 is CNY 26,147,668,027.30, an increase of 5.8% from CNY 24,706,625,794.90 in 2020[39]. - Cash outflow from operating activities for the first three quarters of 2021 is CNY 24,778,430,575.22, compared to CNY 23,638,437,991.05 in 2020, resulting in a net cash flow from operating activities of CNY 1,369,237,452.08, up from CNY 1,068,187,803.85[39]. - Cash inflow from investment activities for the first three quarters of 2021 is CNY 3,159,541,198.53, while cash outflow is CNY 1,014,234,015.99, leading to a net cash flow from investment activities of CNY 2,145,307,182.54, a significant recovery from a negative cash flow of CNY -896,857,075.11 in 2020[40]. - Cash inflow from financing activities for the first three quarters of 2021 is CNY 220,790,237.30, down from CNY 1,360,050,537.98 in 2020, while cash outflow is CNY 3,428,165,161.50, resulting in a net cash flow from financing activities of CNY -3,207,374,924.20[40]. Investments and Acquisitions - The company completed the acquisition of a 30% stake in Chongqing Baibai Commercial Factoring Co., Ltd., which was included in the consolidated financial statements[12]. - The company reported a significant increase in cash received from other investment activities, amounting to CNY 2,328,007,616.44 in 2021 compared to CNY 709,800,000.00 in 2020[40]. Operational Insights - The company has not identified any important operational issues during the reporting period[24]. - The company reported no significant related party transactions or concerted actions among major shareholders[23]. Research and Development - Research and development expenses for the first three quarters were ¥3,369,597.27, down from ¥4,036,057.20, representing a decrease of 16.5%[33]. Changes in Accounting Standards - The company has implemented new leasing standards starting from 2021, which may impact financial reporting and asset management strategies moving forward[43].