banbao(SH:603398)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥76,420,095.64, a decrease of 37.06% compared to the same period last year[7]. - The net profit attributable to shareholders of the listed company was ¥4,220,286.26, an increase of 120.38% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥462,441.12, a decrease of 134.41% compared to the same period last year[7]. - The basic earnings per share for the quarter was ¥0.01, a 100% increase year-on-year[10]. - The company reported a revenue of CNY 291,411,563.77 for the reporting period, a decrease of 22.23% year-on-year[31]. - The net profit for the period was CNY 32,345,444.68, reflecting a year-on-year decrease of 11.27%[31]. - Total operating revenue for the first three quarters of 2021 was RMB 291,411,563.77, a decrease of 22.2% compared to RMB 374,698,653.51 in the same period of 2020[41]. - Net profit for the first three quarters of 2021 was RMB 32,345,444.68, a decrease of 11.6% compared to RMB 36,453,843.11 in the same period of 2020[44]. - Basic and diluted earnings per share for the first three quarters of 2021 were both RMB 0.10, down from RMB 0.12 in 2020[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,172,948,229.38, an increase of 13.86% compared to the end of the previous year[10]. - The total assets of the company reached CNY 1,172,948,229.38, compared to CNY 1,030,124,794.45 at the end of 2020[36]. - The company’s total liabilities decreased to CNY 57,361,290.51 from CNY 249,990,866.57 year-on-year[39]. - The equity attributable to shareholders of the listed company was ¥1,115,586,938.87, an increase of 43.00% year-on-year[10]. - The total equity attributable to shareholders increased to RMB 1,115,586,938.87 from RMB 780,133,927.88 year-on-year[41]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥34,064,704.57, a decrease of 162.06% compared to the same period last year[10]. - Cash flow from operating activities for the first three quarters of 2021 was negative RMB 34,064,704.57, compared to positive RMB 54,888,726.01 in 2020[49]. - Cash inflow from operating activities totaled RMB 255,957,970.35, a decrease of 48.7% from RMB 499,680,237.89 in the previous year[49]. - Cash outflow from operating activities was RMB 290,022,674.92, down from RMB 444,791,511.88 in 2020[49]. - The company’s cash and cash equivalents increased to CNY 75,148,173.37 as of September 30, 2021, compared to CNY 42,682,801.60 at the end of 2020[33]. - Total cash and cash equivalents at the end of the period reached $75,148,173.37, up from $64,958,960.99 in the previous period[51]. Operational Challenges - The company faced challenges due to the ongoing COVID-19 pandemic, resulting in unstable recovery in downstream industry demand[31]. - The company experienced a 69.90% increase in accounts receivable, attributed to delays caused by the pandemic and litigation[14]. - The company is currently involved in a legal dispute regarding a contract with a supplier, with a frozen amount of CNY 18,080,000 due to litigation[27]. - The company plans to follow legal procedures to unfreeze the funds and fulfill its information disclosure obligations[30]. Changes in Expenses - Sales expenses decreased by 34.95 million primarily due to reduced promotional expenses[16]. - Financial expenses decreased by 57.23 million as a result of reduced loans during the reporting period[16]. - Asset impairment losses decreased by 319.22 million due to a reduction in bad debt provisions[16]. - Cash paid for debt repayment increased significantly by 805.80 million due to higher loan repayments[16]. - Dividend payments and interest payments totaled $23,130,741.53, compared to $5,438,449.21 in the previous period[51]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,572[17]. - The largest shareholder, Shantou Bangling Trading Co., Ltd., holds 83,956,210 shares, accounting for 24.50% of total shares[20]. Government Support - The company received government subsidies amounting to ¥5,571,243.84 during the reporting period[11]. Other Financial Activities - The company reported a significant increase in cash and cash equivalents by 76.06% due to share issuance during the reporting period[14]. - Deferred income tax liabilities increased by 41.80 million due to unrealized profits from sales of goods by parent and subsidiary companies[16]. - Capital reserve increased by 203.10 million due to the issuance of new shares during the reporting period[16]. - Operating income from non-operating activities rose significantly by 239,837.76 million due to increased performance compensation from subsidiaries[16]. - Cash received from the disposal of fixed assets increased by 100.00 million during the reporting period[16]. - The company received RMB 325,382,491.20 from financing activities, with RMB 24,820,000.00 from borrowings[49].