Lafang(SH:603630)2021-10-29 16:00Revenue and Profit - Revenue for Q3 2021 was CNY 260,542,444.44, an increase of 4.60% year-over-year, while year-to-date revenue reached CNY 766,134,858.49, up 17.36% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was CNY 9,599,190.68, a decrease of 72.09% year-over-year, with year-to-date net profit at CNY 62,291,784.62, down 24.18%[4] - The net profit excluding non-recurring gains and losses for Q3 2021 was CNY 9,098,828.30, a decline of 73.08% year-over-year, while year-to-date it was CNY 3,445,236.78, down 95.79%[4] - Basic earnings per share for Q3 2021 were CNY 0.04, a decrease of 73.33% compared to the same period last year[5] - Operating profit for the first three quarters of 2021 was ¥54,835,505.14, down 41.7% from ¥94,096,112.96 in the previous year[21] - Net profit for the first three quarters of 2021 was ¥56,275,405.24, a decrease of 29.6% from ¥79,868,669.59 in the same period of 2020[22] - The company's basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.27, down from ¥0.36 in the same period of 2020[22] Expenses and Costs - Sales expenses increased by 76.97% due to higher promotional and e-commerce platform costs during the reporting period[11] - Management expenses rose by 67.99%, primarily due to increased share-based payment expenses and employee compensation[11] - Total operating costs for the first three quarters of 2021 were ¥772,930,499.93, up 38.7% from ¥557,042,410.96 in the previous year[21] - Research and development expenses for the first three quarters of 2021 were ¥25,516,139.81, slightly down from ¥26,727,027.54 in the previous year[21] Assets and Liabilities - Total assets as of the end of Q3 2021 were CNY 2,125,877,860.25, an increase of 4.20% from the end of the previous year[5] - Total current assets as of September 30, 2021, amounted to RMB 1,519,309,259.88, a slight decrease from RMB 1,531,669,711.77 at the end of 2020[18] - Total non-current assets increased to RMB 606,568,600.37 from RMB 508,423,412.14 year-over-year[18] - The company's total liabilities as of the end of the third quarter of 2021 amounted to ¥215,638,895.29, an increase from ¥180,229,784.03 at the end of the previous year[21] - The total equity attributable to shareholders of the parent company was ¥1,876,400,513.82, up from ¥1,823,383,202.30 in the same period of 2020[21] Cash Flow - Cash flow from operating activities for the year-to-date was negative CNY 129,12%, indicating a significant cash outflow[5] - The company reported a net cash inflow from operating activities of ¥846,676,545.94 for the first three quarters of 2021, compared to ¥729,808,487.37 in the same period of 2020[24] - The net cash flow from operating activities was -33,278,784.71, a decrease from 114,269,051.39 in the previous year[25] - Total cash inflow from operating activities amounted to 867,660,618.08, compared to 758,942,639.03 in the same quarter last year, reflecting a year-over-year increase of approximately 14.4%[25] - Cash outflow from operating activities totaled 900,939,402.79, up from 644,673,587.64, indicating a significant increase of about 39.7%[25] - The net cash flow from investing activities was -289,917,192.83, worsening from -188,989,075.96 year-over-year[25] - Cash inflow from investing activities was 511,195,515.88, slightly up from 505,097,951.58 in the previous year[25] - The net cash flow from financing activities was -19,077,124.40, compared to -13,844,509.63 in the same quarter last year[26] - Cash inflow from financing activities totaled 1,960,000.00, a decrease from 21,107,680.00 year-over-year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,591[13] - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, representing 30.66% of total shares, with 21,520,000 shares pledged[14] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 0.51%, a decrease of 1.45 percentage points year-over-year[5] - The company reported a significant increase in investment income by 35.38% from its joint ventures during the quarter[11] - The company reported an increase in investment income to ¥17,869,920.65 for the first three quarters of 2021, compared to ¥13,199,427.59 in the previous year[21] - The company reported a total cash outflow of 342,554,716.86, compared to 88,710,788.90 in the same quarter last year[26]