SG(SH:600734)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥225,843,779.03, a decrease of 49.19% compared to the same period last year[9] - The net profit attributable to shareholders was -¥35,425,071.45, showing an improvement of 75.82% year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥36,446,611.25, with a year-on-year improvement of 73.18%[9] - Total operating revenue for the first three quarters of 2021 was ¥675,840,833.22, a decrease of 22% compared to ¥866,584,351.52 in the same period of 2020[34] - Net profit for the first three quarters of 2021 was -¥235,738,664.48, compared to -¥359,774,198.77 in the same period of 2020, indicating an improvement in losses[38] - The total comprehensive income attributable to the parent company was -¥233,240,463.59, compared to -¥331,957,963.11 in the same period of 2020, showing an improvement of approximately 29.8%[44] - The company reported a total comprehensive income of -¥232,886,651.98 for the period, compared to -¥332,170,428.84 in the previous year, reflecting a year-over-year improvement[44] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥79,829,637.62, a significant increase compared to -¥111,524,378.53 in the same period last year, reflecting a 171.58% change[9] - The company's net cash flow from operating activities for the first three quarters of 2021 was ¥79,829,637.62, a significant improvement compared to -¥111,524,378.53 in the same period of 2020[44] - The net cash flow from investing activities was ¥1,401,576.48, recovering from a negative cash flow of -¥5,550,926.35 in the same period last year[44] - The net cash flow from financing activities was ¥9,679,693.10, a turnaround from -¥46,353,427.15 in the previous year[46] - Cash outflows from operating activities totaled ¥790,824,604.21, a decrease from ¥941,830,855.20 in the same period last year[44] - Total cash and cash equivalents at the end of the period increased to ¥141,419,330.71 from ¥16,684,162.76 in the previous year, indicating a significant recovery[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,074,878,464.95, a decrease of 1.70% from the end of the previous year[12] - The total assets decreased to ¥2,074,878,464.95 from ¥2,110,789,269.72, reflecting a decline of approximately 1.7%[34] - Current liabilities increased to ¥3,406,302,571.11 from ¥3,199,051,797.45, representing an increase of about 6.5%[34] - The total liabilities rose to ¥3,470,887,256.23, up from ¥3,273,557,580.09, marking an increase of approximately 6%[34] - The company's total equity attributable to shareholders decreased to -¥1,396,006,722.63 from -¥1,162,766,259.04, indicating a worsening of equity position[34] - The company's equity attributable to shareholders was approximately -$1.16 billion, unchanged from the previous period[51] Shareholder Information - The company reported a total of 33,417 common shareholders at the end of the reporting period[21] - The top ten shareholders include Beijing Angzhan Technology Development Co., holding 30.04% of shares, and Dalian Tengxing Wangda Enterprise Management Co., holding 10.03%[21] - The company has not disclosed any financing activities involving its top shareholders during the reporting period[23] Restructuring and Legal Matters - The company is undergoing a pre-restructuring process approved by the Fuzhou Intermediate People's Court, which may help optimize its capital structure and mitigate bankruptcy risks[24] - The company has received an extension for its pre-restructuring period, now totaling 8 months, to address creditor claims and asset investigations[24] - The company faces significant uncertainty regarding the acceptance of its restructuring application, which could impact its operational continuity[24] Expenses and Impairments - The company reported a decrease in various impairments, sales expenses, and R&D expenses, contributing to the reduced losses[17] - Research and development expenses for the first three quarters of 2021 were ¥42,925,348.82, down from ¥70,961,142.85 in the same period of 2020, a reduction of about 39%[38] - The company reported a significant increase in interest expenses, which rose to ¥201,729,216.55 from ¥157,599,313.86, an increase of approximately 28%[38] Government Subsidies - The company recognized government subsidies amounting to ¥2,232,114.33 during the current period, contributing positively to the financial results[15] Current Assets - As of September 30, 2021, total current assets amounted to RMB 1,256,529,312.50, a slight increase from RMB 1,239,817,423.60 at the end of 2020, reflecting a growth of approximately 1.2%[28] - Cash and cash equivalents increased significantly to RMB 149,125,979.73 from RMB 64,367,002.05, representing a growth of approximately 131.7%[28] - Accounts receivable decreased to RMB 366,577,580.13 from RMB 478,383,735.36, indicating a decline of about 23.3%[28] - Inventory decreased to RMB 194,071,537.10 from RMB 207,920,868.57, showing a reduction of approximately 6.7%[28]