DEPPON(SH:603056)2021-10-28 16:00Financial Performance - In Q3 2021, the company's operating revenue reached RMB 7.67 billion, a year-on-year increase of 4.57%[7] - The net profit attributable to shareholders was RMB 12.23 million, down 91.38% compared to the same period last year[7] - The express business revenue for the first three quarters was RMB 13.91 billion, a year-on-year increase of 23.04%[13] - The company's net profit for Q3 2021 was CNY 27,910,915.74, a decrease from CNY 295,785,583.97 in the same period last year, reflecting a significant decline in profitability[43] - The total revenue from operating activities for the first three quarters of 2021 was CNY 24,094,090,468.62, compared to CNY 19,885,129,551.42 in the previous year, indicating a growth of approximately 21.1%[46] - The operating profit for Q3 2021 was CNY 2,886,925.96, down from CNY 360,144,395.70 in Q3 2020, showing a substantial decrease in operational efficiency[43] - The total operating costs increased to CNY 20,267,669,233.81 in Q3 2021 from CNY 16,731,918,879.55 in Q3 2020, representing an increase of approximately 21.4%[43] Assets and Liabilities - The total assets at the end of Q3 2021 were RMB 14.76 billion, an increase of 20.88% from the beginning of the year[11] - The net assets attributable to shareholders increased to RMB 5.97 billion, a growth of 29.12% year-to-date[11] - The company's asset-liability ratio decreased by 2.58 percentage points to 59.56% compared to the beginning of the year[11] - The total assets increased by 44.85% compared to the end of the previous year, driven by capital investments in sorting equipment and transportation vehicles[22] - Current liabilities amounted to RMB 7,023,242,275.18, an increase of 37.0% from RMB 5,124,556,996.88 at the end of 2020[36] - Total liabilities were RMB 8,792,071,882.13, compared to RMB 5,567,443,221.02 at the end of 2020, reflecting a rise of 57.5%[37] - The company's equity attributable to shareholders reached RMB 5,970,817,809.31, an increase from RMB 4,624,184,744.96 at the end of 2020, representing a growth of 29.1%[37] Cash Flow - The cash flow from operating activities for the year-to-date was RMB 1.96 billion, up 60.94%[9] - The cash flow from operating activities for the first three quarters of 2021 was CNY 24,531,929,975.36, compared to CNY 20,220,161,428.87 in the previous year, showing an increase of about 21.5%[46] - The net cash flow from operating activities increased to $1,964,158,291.34, up from $1,220,425,077.61, representing a growth of approximately 61% year-over-year[50] - The company reported a significant increase in cash paid for operating activities, totaling $22,567,771,684.02, compared to $18,999,736,351.26, marking an increase of about 13.8%[50] Investments and Capital Expenditure - The company is focusing on capital investments in sorting equipment, transportation vehicles, and transfer sites to support long-term business development[10] - The company plans to enhance product competitiveness through increased capital investment and improved employee compensation[22] - The company reported a significant increase in long-term equity investments, which rose to RMB 287,771,854.22 from RMB 182,280,524.32, reflecting a growth of 58.0%[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,673[25] - Basic earnings per share for Q3 2021 were CNY 0.03, down from CNY 0.31 in Q3 2020, reflecting a decline in shareholder returns[46] Government Support and Other Income - The company reported a significant increase in government subsidies, amounting to CNY 105,115,106.75 in the current reporting period[19] - The company reported other income of CNY 302,443,985.86 in Q3 2021, up from CNY 276,114,203.05 in the same period last year, indicating a positive trend in ancillary revenue streams[43] Financial Adjustments and Standards - The company executed adjustments related to the new leasing standards, impacting the non-current assets, which increased to $7,114,422,619.62 from $4,894,690,045.46[52] - The company adopted a simplified approach under the new leasing standards, adjusting only the beginning balance for 2021 without retrospective adjustments[58]