CENTER INT(SH:603098)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥721,013,635.33, a decrease of 19.03% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥28,611,097.44, down 43.92% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,515,268.76, a decrease of 41.16% compared to the same period last year[7]. - The basic earnings per share for Q3 2021 was ¥0.06, a decline of 45.45% year-on-year[10]. - The diluted earnings per share for Q3 2021 was also ¥0.06, reflecting a 45.45% decrease compared to the previous year[10]. - The weighted average return on equity decreased by 3.24 percentage points to 1.02% in Q3 2021[10]. - Total operating revenue for the first three quarters of 2021 was RMB 2,089,504,196.51, a decrease of 5.0% compared to RMB 2,199,010,755.61 in the same period of 2020[26]. - Total operating revenue for the third quarter was 1,936,966,778.94 CNY, a decrease from 2,031,622,447.14 CNY in the previous year, reflecting a decline of approximately 4.66%[29]. - Net profit for the third quarter was 84,311,615.02 CNY, down from 139,692,119.09 CNY year-over-year, representing a decrease of about 39.6%[33]. - Earnings per share (EPS) for the third quarter was 0.17 CNY, compared to 0.29 CNY in the same period last year, indicating a decline of approximately 41.38%[35]. - Total comprehensive income for the third quarter was 84,311,392.69 CNY, down from 139,690,157.80 CNY, reflecting a decrease of approximately 39.6%[35]. - Operating profit for the quarter was 100,172,716.30 CNY, down from 165,362,212.56 CNY, indicating a decline of approximately 39.4%[29]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,036,003,515.12, representing a slight increase of 0.43% from the end of the previous year[10]. - As of September 30, 2021, total assets amounted to RMB 5,036,003,515.12, compared to RMB 5,014,554,912.99 at the end of 2020, reflecting a slight increase[24]. - Current assets totaled RMB 4,295,976,433.21, showing a marginal increase from RMB 4,285,064,389.64 at the end of 2020[21]. - Total liabilities decreased to RMB 2,301,065,777.91 from RMB 2,877,892,998.71, a reduction of approximately 20%[26]. - The company's equity attributable to shareholders increased to RMB 2,715,608,499.55 from RMB 2,136,476,531.22, representing a growth of about 27%[26]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at ¥-233,048,875.00[10]. - The net cash flow from operating activities was -$233.05 million, compared to -$174.89 million in the previous period, indicating a decline of approximately 33.1%[39]. - Cash paid for operating activities totaled $2.08 billion, up from $1.92 billion, indicating an increase of approximately 8.9%[39]. - The ending cash and cash equivalents balance was $400.75 million, down from $551.52 million, reflecting a decrease of approximately 27.3%[39]. - Cash inflow from financing activities totaled $546.21 million, an increase from $518.95 million, while cash outflow was $553.56 million, down from $637.06 million, leading to a net cash flow from financing activities of -$7.35 million[39]. Challenges and Strategic Focus - The company attributed the decline in net profit to delays in project acceptance and settlement due to the pandemic, as well as an increase in bad debt provisions[12]. - The company reported a net profit margin decline, reflecting challenges in maintaining profitability amidst revenue decreases[26]. - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[26]. - The company experienced a net loss from investments of -11,783,910.42 CNY, compared to a loss of -251,329.17 CNY in the previous year, indicating a significant increase in investment losses[29]. - The company reported a significant increase in tax expenses, which rose to 16,053,649.29 CNY from 24,321,608.39 CNY, a decrease of about 33.9%[33]. Inventory and Receivables - Accounts receivable increased to RMB 1,288,403,944.54 from RMB 1,270,623,546.12, indicating a growth of approximately 1.5%[21]. - Inventory rose significantly to RMB 217,973,942.91, up from RMB 122,484,302.79, marking an increase of about 78%[21]. - Cash and cash equivalents decreased to RMB 567,153,682.28 from RMB 849,028,291.16, a decline of approximately 33%[21].