Kersen(SH:603626)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥807,617,740.58, a decrease of 28.37% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥25,836,108.62, down 33.92% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,936,319.38, a decrease of 45.79% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.0518, a decline of 61.57% year-on-year[6] - The diluted earnings per share for Q3 2021 was also ¥0.0518, down 61.51% compared to the same period last year[6] - The weighted average return on equity for Q3 2021 was 1.20%, a decrease of 1.84 percentage points year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥2,696,413,843.15, an increase of 8.2% compared to ¥2,492,458,415.06 in the same period of 2020[19] - Total operating costs for the first three quarters of 2021 were ¥2,598,811,935.56, up from ¥2,413,599,509.32 in 2020, reflecting a year-on-year increase of 7.7%[19] - Net profit for the third quarter of 2021 was ¥365,258,148.87, significantly higher than ¥68,449,870.12 in the same quarter of 2020, marking a year-on-year increase of 434.5%[20] - The net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥364,490,262.11, compared to ¥75,137,307.39 in 2020, representing a year-on-year increase of 385.5%[20] - Basic earnings per share for the third quarter of 2021 were ¥0.7314, compared to ¥0.1621 in the same quarter of 2020, indicating a substantial increase of 351.5%[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥200,806,111.08, an increase of 98.56% year-on-year[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥200,806,111.08, up from ¥101,130,963.60 in 2020, reflecting a year-on-year increase of 98.3%[22] - The total cash inflow from operating activities for the first three quarters of 2021 was ¥3,146,774,246.60, compared to ¥2,081,526,639.95 in 2020, reflecting a year-on-year increase of 51.3%[22] - The net cash inflow from investment activities was -293,537,249.36 RMB, a decrease compared to -522,081,392.74 RMB in the previous period[23] - The total cash inflow from financing activities amounted to 1,232,186,402.38 RMB, down from 1,608,462,060.00 RMB year-over-year[23] - The net cash flow from financing activities was 201,119,489.96 RMB, significantly lower than 543,466,583.44 RMB in the same period last year[23] - The ending balance of cash and cash equivalents was 386,897,109.42 RMB, compared to 236,985,646.07 RMB at the end of the previous period[23] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,860,226,573.15, a decrease of 2.78% from the end of the previous year[6] - Total assets amount to ¥5,860,226,573.15, down from ¥6,027,604,602.07, a decrease of about 2.8%[16] - Total liabilities decreased to ¥2,872,615,550.45 from ¥3,900,972,588.20, a reduction of approximately 26.3%[17] - The total liabilities were 3,900,972,588.20 RMB, unchanged from the previous reporting period[26] - The total equity attributable to shareholders of the parent company increased to ¥2,987,611,022.70 as of the end of the third quarter of 2021, compared to ¥2,091,262,505.16 at the end of the same period in 2020[18] - The total equity attributable to shareholders was 2,091,262,505.16 RMB, a minor increase from 2,090,287,429.16 RMB[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,642[12] - The number of shares held by the top shareholder, Xu Jingen, is 139,932,561, accounting for 25.08% of total shares[12] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥176,422,470.78, an increase from ¥134,768,754.87 in the same period of 2020, indicating a growth of 30.8%[19] - The company has no significant new product launches or technological developments reported in the current quarter[14] Capital Structure - The company's paid-in capital increased to ¥557,993,890.00 from ¥490,885,460.00, representing an increase of about 13.7%[17] - The capital reserve rose to ¥1,747,855,545.04 from ¥1,301,252,826.82, reflecting an increase of approximately 34.3%[17] Fixed Assets - The company reported a decrease in fixed assets by 43,573,368.97 RMB, totaling 2,686,426,665.73 RMB[25] Accounting Standards - The company implemented new leasing standards starting January 1, 2021, affecting financial statement adjustments[27]