ZTGM(SH:603559)2021-10-19 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥119,296,907.45, representing a decrease of 43.26% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was a loss of ¥17,916,709.99, a decline of 237.80% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥18,552,986.05, down 244.83% from the previous year[5]. - The basic earnings per share for Q3 2021 was -¥0.13, a decrease of 244.44% compared to the same period last year[6]. - The weighted average return on equity was -2.13%, a decrease of 3.62 percentage points year-over-year[6]. - The company attributed the decline in revenue and profits to macroeconomic factors, policy changes, and delays in project construction due to the pandemic[9]. - Total operating revenue for Q3 2021 was ¥313,992,698.32, a decrease from ¥427,037,510.30 in Q3 2020, representing a decline of approximately 26.5%[21]. - Net profit for Q3 2021 was a loss of ¥46,373,819.03, compared to a loss of ¥5,092,853.36 in Q3 2020, reflecting a significant increase in losses[22]. - Basic earnings per share for Q3 2021 were -¥0.32, compared to -¥0.03 in Q3 2020, indicating a deterioration in earnings performance[23]. - Total comprehensive income for Q3 2021 was -¥45,287,832.66, compared to -¥5,030,770.23 in Q3 2020, indicating a worsening financial position[23]. - Other income for Q3 2021 was ¥768,889.55, down from ¥1,996,655.86 in Q3 2020, reflecting a decline of approximately 61.4%[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,816,541,620.52, a decrease of 2.14% from the end of the previous year[6]. - The equity attributable to shareholders at the end of the reporting period was ¥832,350,522.08, down 5.04% from the end of the previous year[6]. - Current assets totaled CNY 1,346,806,595.70, slightly down from CNY 1,390,564,476.79 at the end of 2020[15]. - Cash and cash equivalents decreased to CNY 132,005,665.63 from CNY 198,995,087.63, representing a decline of approximately 33.4%[15]. - Accounts receivable decreased to CNY 596,261,955.84 from CNY 656,146,656.67, a reduction of about 9.1%[15]. - Inventory increased to CNY 403,287,391.99 from CNY 354,634,430.17, reflecting a growth of approximately 13.7%[15]. - Total liabilities stood at CNY 989,202,534.24, slightly up from CNY 983,896,886.18[17]. - The company's equity attributable to shareholders decreased to CNY 832,350,522.08 from CNY 876,549,385.28, a decline of about 5.0%[17]. - Short-term borrowings increased to CNY 244,766,943.97 from CNY 232,035,620.86, an increase of approximately 5.0%[17]. - The total assets as of Q3 2021 amounted to 1,856,274,923.84 RMB, a slight decrease from 1,864,425,638.00 RMB at the beginning of the year[27]. - The total liabilities were recorded at 880,214,785.63 RMB, remaining stable compared to the previous year, indicating a consistent leverage position[27]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥74,560,164.32, indicating negative cash flow[6]. - Cash inflow from operating activities for the first three quarters of 2021 was ¥492,222,723.67, down from ¥622,019,080.46 in the same period of 2020, a decrease of approximately 20.9%[23]. - The net cash flow from operating activities for Q3 2021 was -74,560,164.32 RMB, an improvement from -149,313,440.14 RMB in Q3 2020, indicating a 50% reduction in cash outflow year-over-year[24]. - Total cash outflow from investing activities was 11,562,546.26 RMB, significantly higher than 3,281,856.61 RMB in the same period last year, resulting in a net cash flow from investing activities of -10,076,558.30 RMB compared to -2,134,454.05 RMB in Q3 2020[24]. - Cash inflow from financing activities totaled 262,687,251.00 RMB, a decrease from 297,928,562.64 RMB in Q3 2020, leading to a net cash flow from financing activities of -14,424,137.81 RMB, contrasting with a positive cash flow of 35,459,541.13 RMB in the previous year[24]. - The total cash and cash equivalents at the end of Q3 2021 were 75,176,475.53 RMB, down from 117,755,828.83 RMB at the end of Q3 2020, reflecting a decrease of approximately 36% year-over-year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,540[11]. - The company reported a total of 10 major shareholders, with the largest shareholder holding 5.20% of the shares[12]. Research and Development - Research and development expenses for Q3 2021 were ¥4,185,717.51, a decrease from ¥7,487,497.30 in Q3 2020, showing a reduction of about 44.5%[21]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[13]. - The company plans to focus on market expansion and new product development to improve future performance, although specific details were not disclosed in the report[21]. New Standards and Regulations - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting and asset management strategies[25]. - The company adopted the new leasing standards effective January 1, 2021, using a simplified retrospective approach for initial recognition[28]. - The company recognized a lease liability of RMB 5,798,443.75 and a right-of-use asset of RMB 8,150,714.16 under the new leasing standards[29].