VASTDATA(SH:603138)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥95,145,267.59, a decrease of 8.62% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥250,787.79, a decline of 102.94% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,265,889.98, down 116.94% from the previous year[3]. - The basic earnings per share for Q3 2021 was -¥0.001, reflecting a decrease of 102.94% compared to the same period last year[4]. - Net profit for the third quarter of 2021 was ¥4,422,238.13, a decrease of 75.2% from ¥17,801,212.59 in the same quarter of 2020[17]. - Basic earnings per share for the third quarter of 2021 were ¥0.032, down from ¥0.079 in the same quarter of 2020, a decline of 59.5%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥685,691,237.46, a decrease of 4.77% from the end of the previous year[4]. - The company's total liabilities decreased from ¥210,199,381.63 in the previous year to ¥166,651,845.55 in the current year, a reduction of approximately 20.7%[15]. - Total liabilities amounted to 210,199,381.63, a decrease of 8,690,851.66 from the previous total of 218,890,233.29[25]. - The total current liabilities were 175,744,952.66, reflecting a decrease from the previous total of 181,844,017.96[25]. - The total equity attributable to shareholders increased to ¥529,114,666.58 from ¥516,143,545.06, reflecting a growth of about 2.3%[15]. - The equity attributable to shareholders at the end of the reporting period was ¥529,114,666.58, an increase of 2.51% compared to the end of the previous year[4]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥48,112,286.05, indicating a significant cash outflow[3]. - Net cash flow from operating activities was -48,112,286.05 RMB, a decrease from -11,597,211.89 RMB in the previous quarter[20]. - Total cash inflow from investment activities was 71,064,231.64 RMB, down from 373,374,623.66 RMB in the previous quarter[20]. - Net cash flow from financing activities was 21,733,271.27 RMB, compared to -9,026,137.03 RMB in the previous quarter[21]. - Cash outflow for purchasing goods and services was 185,249,979.97 RMB, down from 203,268,682.13 RMB[20]. - Cash paid to employees increased to 72,460,063.54 RMB from 54,989,236.76 RMB in the previous quarter[20]. Shareholder Information - The company reported a total of 26,933 common shareholders at the end of the reporting period[10]. - The largest shareholder, Chen Zhimin, holds 28.53% of the shares, with a total of 73,462,554 shares pledged[10]. - The second-largest shareholder, Zhu Huawai, owns 25.07% of the shares, totaling 64,562,106 shares, also pledged[10]. Operational Highlights - The decline in net profit was primarily attributed to increased employee compensation, social insurance fees, and stock incentive expenses[8]. - The company did not conduct an audit for the Q3 financial statements[3]. - The company has not reported any significant new product developments or market expansions during the reporting period[11]. - There are no known significant mergers or acquisitions disclosed in the current report[11]. Current Assets - As of September 30, 2021, the company's total current assets amounted to approximately ¥641.37 million, a decrease of 4.8% from ¥674.30 million at the end of 2020[12]. - The cash and cash equivalents were reported at ¥320.81 million, down from ¥460.82 million, indicating a significant reduction of 30.4%[12]. - Accounts receivable increased to ¥109.49 million from ¥99.02 million, reflecting a growth of 10.5% year-over-year[12]. - Inventory decreased to ¥49.13 million from ¥63.11 million, showing a decline of 22.1%[13]. - Total assets as of September 30, 2021, were ¥685.69 million, down from ¥720.07 million, representing a decrease of 4.8%[13]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥52,788,254.18, up from ¥40,116,568.61 in 2020, marking an increase of approximately 31.6%[16].