TANYUAN TECH(SH:603133)2021-10-12 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥57,614,949.96, a decrease of 70.12% compared to the same period last year, and a year-to-date revenue of ¥275,528,640.48, down 38.41% year-on-year[6]. - The net profit attributable to shareholders was -¥20,909,125.65, a decline of 59.72% year-on-year, with a year-to-date net profit of -¥382,890,949.94, down 597.69% compared to the previous year[6]. - The basic earnings per share for the quarter was -¥0.10, a decrease of 66.67%, while the diluted earnings per share was -¥0.11, down 83.33%[7]. - The weighted average return on equity was -4.56%, a decrease of 3.01 percentage points compared to the previous year[7]. - The company reported a total comprehensive loss of CNY 388,488,759.51 for Q3 2021, compared to a loss of CNY 62,198,476.66 in Q3 2020, indicating a worsening financial position[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,057,287,964.63, a decrease of 34.45% from the end of the previous year[7]. - Total current assets decreased to ¥279,457,606.56 from ¥518,488,435.35 year-over-year[18]. - The company’s total non-current assets decreased to ¥777,830,358.07 from ¥1,094,395,066.90 year-over-year[18]. - The company’s total equity decreased to ¥459,419,334.99 from ¥820,429,880.00 year-over-year[19]. - Total liabilities decreased to ¥597,868,629.64 from ¥792,453,621.25 year-over-year[19]. Cash Flow - The net cash flow from operating activities was not applicable for the quarter, but year-to-date it was ¥23,793,529.06, down 47.33% year-on-year[6]. - The net cash flow from operating activities for Q3 2021 was ¥23,793,529.06, a decrease of 47.3% compared to ¥45,177,164.46 in Q3 2020[25]. - The net cash flow from investing activities was ¥45,344,028.41, significantly up from ¥4,920,689.92 in the same quarter last year, marking an increase of 820.5%[25]. - The company reported a net cash outflow from financing activities of ¥92,451,735.20 in Q3 2021, an improvement from a net outflow of ¥115,962,060.85 in Q3 2020[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,443[14]. - The largest shareholder, Xu Shizhong, holds 66,399,353 shares, accounting for 31.74% of total shares[14]. - The equity attributable to shareholders decreased by 44.12% due to the reduction in net profit during the reporting period[12]. Operational Challenges - The company attributed the revenue decline primarily to reduced sales of products due to changes in domestic and international situations and a significant drop in shipments of smart devices[11]. - The company’s subsidiary, Haicheng Optoelectronics, faced production stoppages leading to fixed asset impairment provisions and one-time amortization of long-term lease expenses, significantly impacting net profit[11]. - The company experienced a significant increase in credit impairment losses, totaling CNY 3,108,809.77 in Q3 2021, compared to CNY 3,061,832.67 in Q3 2020[22]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to CNY 20,776,059.13, a decrease from CNY 47,442,066.37 in 2020, showing a reduction of approximately 56.2%[21].