BURTC(600861)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥165,525,544.91, a decrease of 9.06% compared to the same period last year[4] - The net profit attributable to shareholders was -¥12,579,372.31, an increase of 4.08% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,546,766.91, reflecting a 26.54% increase compared to the previous year[4] - The basic earnings per share for the current period was -¥0.0397, an increase of 4.11% year-on-year[4] - The net profit for the period was 74.02 million RMB, reflecting a recovery in business operations as the pandemic was effectively controlled[15] - The company reported a net loss of -¥27,326,553.38 for the total profit, an improvement from -¥112,344,217.34 in the previous year[29] - The total comprehensive income attributable to the parent company was -32,112,564.64 CNY, compared to -105,562,465.30 CNY in the same period last year, showing an improvement[35] - The net profit from continuing operations was -28,833,625.20 CNY, an improvement from -110,962,584.26 CNY year-over-year[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥90,764,163.31, an increase of 213.63% year-on-year[4] - The net cash flow from operating activities increased to 213.63 million RMB, driven by rising sales revenue due to the recovery of business operations[15] - Cash inflows from operating activities totaled 651,086,699.41 CNY, down from 1,022,214,366.46 CNY year-over-year[35] - Cash outflows from operating activities were 560,322,536.10 CNY, compared to 993,274,593.71 CNY in the same period last year[35] - The net cash flow from operating activities was 90,764,163.31 CNY, an increase from 28,939,772.75 CNY year-over-year[39] - The net cash flow from investing activities was -19,290,192.28 CNY, compared to 61,135,143.77 CNY in the previous year, indicating a significant decrease[39] - The net cash flow from financing activities was -185,056,680.29 CNY, worsening from -124,365,386.86 CNY year-over-year[39] - The ending cash and cash equivalents balance was 266,534,827.41 CNY, down from 349,858,676.92 CNY in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,044,488,774.94, a decrease of 6.19% from the end of the previous year[7] - Total current assets decreased to 834.81 million RMB from 970.29 million RMB year-over-year[21] - The company's cash and cash equivalents were reported at 267.67 million RMB, down from 381.26 million RMB at the end of the previous year[21] - Non-current assets totaled ¥2,209,680,723.23, down from ¥2,275,253,153.91, indicating a decrease of approximately 2.9%[26] - Total liabilities decreased to ¥700,318,330.21 from ¥869,450,533.32, reflecting a reduction of about 19.5%[26] - The company's total liabilities included a significant increase in lease liabilities due to the implementation of new accounting standards[15] - Total liabilities amounted to 869,450,533.32, indicating a rise in financial obligations[47] - The company reported a decrease in long-term employee compensation liabilities from ¥7,013,705.21 to ¥6,335,990.49, a decline of approximately 9.7%[26] Investments and Equity - Long-term equity investments increased by 382.86% due to changes in the equity accounting of a subsidiary[12] - The total equity attributable to shareholders decreased to ¥2,228,928,841.34 from ¥2,260,618,704.58, a decline of approximately 1.4%[26] - Shareholders' equity totaled 2,376,089,387.11, with retained earnings of 525,946,545.72[47] Operational Metrics - Total revenue for the first three quarters of 2021 reached ¥526,640,732.06, an increase from ¥506,074,615.96 in the same period of 2020, representing a growth of approximately 3.1%[26] - Total operating costs decreased to ¥558,259,140.71 from ¥624,403,751.76, showing a reduction of about 10.6%[29] - Operating profit for the period was reported at -¥29,279,525.24, an improvement compared to -¥113,329,140.87 in the previous year[29] - The company reported a significant credit impairment loss of 2,957.56 million RMB, mainly due to an increase in accounts receivable[15] - Accounts receivable increased by 96.10% primarily due to an increase in rental receivables from subsidiaries[12] Accounting Changes - The company adopted the new leasing standards effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[49] - The initial recognition of right-of-use assets was 35,582,825.85, while lease liabilities were recorded at 27,347,120.44[53] - The company expects no significant impact on its financial position or cash flows due to the accounting policy change[52]