Trendzone(SH:603030)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,077,408,122.57, a decrease of 41.86% compared to the same period last year[5] - The net profit attributable to shareholders was ¥980,821.74, down 96.63% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,031,735.55, a decline of 102.07% compared to the previous year[6] - The basic earnings per share for the current period was ¥0.00, a decrease of 100.00% year-on-year[6] - Total operating revenue for the first three quarters of 2021 was ¥3,278,358,159.02, a decrease of 17.3% compared to ¥3,961,869,816.05 in the same period of 2020[20] - Net profit for the third quarter of 2021 was a loss of ¥174,246,485.84, compared to a profit of ¥135,797,559.23 in the same quarter of 2020[21] - The total comprehensive income for Q3 2021 was a loss of ¥177,704,711.19, compared to a gain of ¥132,112,591.46 in Q3 2020[22] - Basic earnings per share for Q3 2021 was -¥0.32, compared to ¥0.19 in Q3 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,602,593,980.79, an increase of 0.89% from the end of the previous year[6] - The company's total assets amounted to approximately CNY 10.60 billion, an increase from CNY 10.51 billion at the end of 2020[16] - The company's total liabilities increased to ¥8,040,336,934.72 in Q3 2021, up from ¥7,841,346,144.72 in Q3 2020[19] - The total equity attributable to shareholders decreased to ¥2,247,631,144.49 in Q3 2021 from ¥2,309,667,600.85 in Q3 2020[19] - The total current liabilities were reported at CNY 8.75 billion, a decrease from CNY 9.25 billion year-over-year[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥233,320,466.11, a decline of 318.29% year-on-year[6] - The net cash flow from operating activities was -233,320,466.11, a decrease compared to 106,887,272.91 in the previous year[24] - Total cash inflow from operating activities amounted to 3,735,319,697.74, while cash outflow was 3,968,640,163.85, resulting in a net outflow[24] - The net cash flow from financing activities was -4,435,625.99, compared to -171,839,720.51 in the previous year[25] - Total cash and cash equivalents at the end of the period were 194,995,588.11, down from 446,516,631.31 at the end of the previous year[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,421[10] - The largest shareholder, Zhu Bin, holds 28.82% of the shares, with 78,212,880 shares pledged[11] Operational Challenges - The company reduced its business with Evergrande, which significantly impacted revenue and profit[9] - The company has established a special task force to address the liquidity issues related to Evergrande, with overdue commercial bills amounting to CNY 95.85 million[13] - The company has selected properties worth CNY 251.99 million to offset overdue commercial bills, with some property certificates still in processing[14] - The company has initiated litigation to recover receivables, asserting priority over renovation project payments, which are prioritized over bank collateral rights[13] - The company has resumed construction on some projects with the support of local governments under the "guarantee delivery" policy[13] Inventory and Receivables - Accounts receivable stood at CNY 2.30 billion, showing a slight increase from CNY 2.25 billion compared to the previous year[16] - The company reported inventory of CNY 1.07 billion, which is a significant increase from CNY 408 million in the previous year, reflecting a growth of approximately 162.3%[17] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥100,418,872.04, an increase of 28% from ¥78,474,130.64 in the same period of 2020[20]