New East(SH:603110)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥105,684,047.12, a decrease of 7.64% compared to the same period last year[3] - Net profit attributable to shareholders was ¥8,974,793.78, down 37.48% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥4,575,835.01, a decline of 67.75% compared to the previous year[3] - The basic earnings per share for the quarter was ¥0.04, a decrease of 60.00% year-on-year[3] - Total operating revenue for the first three quarters of 2021 was ¥285,213,499.30, a decrease of 2.8% compared to ¥292,233,661.14 in the same period of 2020[18] - Net profit for the first three quarters of 2021 reached ¥60,291,927.66, representing a 39.8% increase from ¥43,121,346.07 in 2020[19] - Operating profit for the first three quarters of 2021 was ¥22,471,024.11, down from ¥51,525,300.87 in the same period of 2020[19] - The company reported a basic and diluted earnings per share of ¥0.30 for the first three quarters of 2021, unchanged from the previous year[20] Assets and Liabilities - Total assets increased by 4.40% to ¥816,633,566.79 compared to the end of the previous year[4] - Total liabilities decreased to RMB 128,433,709.60 from RMB 155,070,703.91, reflecting a reduction of approximately 17.2%[15] - The company's total assets reached RMB 816,633,566.79, compared to RMB 782,978,633.44 at the end of 2020, marking an increase of about 4.3%[15] - The total equity attributable to shareholders increased to RMB 688,199,857.19 from RMB 627,907,929.53, showing a growth of approximately 9.6%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥6,639,834.97, down 86.58% year-on-year[3] - Cash flow from operating activities generated a net amount of ¥6,639,834.97, a significant decrease from ¥49,468,144.65 in the previous year[22] - Cash inflow from investment activities totaled ¥113,422,754.93, compared to ¥79,054,285.18 in the same period of 2020[22] - Cash outflow for investment activities was ¥86,224,594.20, up from ¥17,207,785.21 in 2020[22] - The company did not engage in any financing borrowings or cash dividends during the reporting period, resulting in a 100.00% decrease in cash flow from financing activities[8] - Cash and cash equivalents at the beginning of the period were $125,125,252.86, compared to $88,793,665.68 in the previous year[23] - Cash and cash equivalents at the end of the period increased to $158,963,248.56 from $113,056,573.43 year-over-year[23] Shareholder Information - The number of shares held by the top shareholder, Xu Guangbin, is 60,166,793, representing 29.90% of total shares[10] - The company has a total of 7,442 shareholders as of the report date[10] Inventory and Prepayments - The company reported a significant increase in prepayments by 92.20%, mainly due to inventory procurement and equipment prepayments[8] - Inventory levels rose to RMB 71,658,682.58, compared to RMB 58,231,963.24 at the end of 2020, representing an increase of about 23.1%[14] - The company experienced a 56.39% decline in operating profit, attributed to a substantial rise in raw material prices[8] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥12,539,349.83, slightly up from ¥11,858,382.39 in 2020[18] Accounting Standards - The company has adopted new lease accounting standards starting in 2021, but it is not applicable for the current reporting period[23] Market and Product Development - The company has not disclosed any significant new product developments or market expansion strategies in the current report[12]