FULONGMA(SH:603686)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,455,261,011.43, a decrease of 1.70% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 96,481,340.66, down 28.82% year-on-year[5]. - The main business revenue reached CNY 4.198 billion, an increase of 8.61% year-on-year, with sanitation service revenue at CNY 2.494 billion, up 12.47%[7]. - Total operating revenue for the first three quarters of 2021 reached ¥4,227,056,494.44, an increase of 8.5% compared to ¥3,895,344,146.34 in the same period of 2020[24]. - Net profit for the first three quarters of 2021 was ¥388,775,557.18, a decrease of 4.4% from ¥406,893,120.88 in the previous year[25]. - The company reported a basic earnings per share of CNY 0.23, down 28.79% year-on-year[6]. - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.74, down from ¥0.80 in the same period of 2020[26]. - The company's total profit for the first three quarters of 2021 was ¥451,823,859.61, a decrease from ¥471,538,930.27 in the same period of 2020[25]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was CNY -181,715,542.36, a decrease of 149.23%[10]. - Cash flow from operating activities showed a net outflow of ¥181,715,542.36, compared to a net inflow of ¥369,096,181.22 in the first three quarters of 2020[28]. - Total cash outflow from operating activities was ¥4,082,703,822.49, an increase from ¥3,446,241,275.43 in the same period of 2020[28]. - The company reported a decrease in research and development expenses to ¥38,686,689.58 from ¥51,402,501.85 in the previous year[24]. - The company's cash and cash equivalents decreased from CNY 1.304 billion at the end of 2020 to CNY 609.8 million by September 30, 2021[19]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 527.05 million, down from CNY 713.67 million at the end of Q3 2020, reflecting a decrease of approximately 26% year-over-year[29]. - The company experienced a net cash outflow from financing activities of CNY 265.48 million in Q3 2021, contrasting with a net inflow of CNY 56.05 million in Q3 2020, highlighting a significant shift in financing dynamics[29]. - The company reported cash inflows from financing activities totaling CNY 246.82 million in Q3 2021, down from CNY 535.08 million in Q3 2020, indicating a decrease of about 54%[29]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,388,703,202.05, a decrease of 1.43% from the end of the previous year[6]. - The company's total assets as of September 30, 2021, were CNY 5.389 billion, a decrease from CNY 5.467 billion at the end of 2020[21]. - The company's total liabilities decreased from CNY 2.365 billion at the end of 2020 to CNY 2.131 billion by September 30, 2021[21]. - The company's total liabilities rose from CNY 2.36 billion at the end of 2020 to CNY 2.40 billion at the end of Q3 2021, indicating an increase of about 1.7%[34]. - The company's equity attributable to shareholders increased from CNY 2.85 billion at the end of 2020 to CNY 2.86 billion at the end of Q3 2021, reflecting a growth of approximately 0.6%[34]. Business Operations - The revenue from sanitation equipment was CNY 1.581 billion, a decline of 4.01% year-on-year[7]. - In the first three quarters of 2021, the company won 37 sanitation service projects with an annual contract value of CNY 456 million, totaling CNY 2.351 billion[14]. - As of the end of the reporting period, the company had a total annual contract value of CNY 3.662 billion in sanitation services, with a total contract amount of CNY 29.881 billion and a pending contract amount of CNY 20.576 billion[14]. - The total sales of sanitation equipment in the first three quarters of 2021 reached 5,393 units, with innovative and mid-to-high-end models accounting for 63.75% of total sales[16]. - The market share of the company's sanitation equipment was 5.61%, with innovative products and mid-to-high-end models at 9.92% and new energy sanitation vehicles at 7.44%, ranking third in the industry[15]. Investments and Projects - The company has invested CNY 316.49 million in the "Sanitation Equipment Comprehensive Configuration Service Project," which is still under construction[17]. - The company has completed the "Sanitation Service Research and Training Base Project" and the "Marketing Network Construction Project" funded by the 2016 private placement[17]. - In Q3 2021, the company reported a net cash outflow from investment activities of CNY 167.32 million, compared to a net outflow of CNY 152.64 million in Q3 2020, indicating a decline in investment cash flow[29]. - The company’s cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 274.41 million in Q3 2021, compared to CNY 339.52 million in Q3 2020, showing a reduction of approximately 19%[29]. Regulatory and Compliance - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting and asset management strategies[31].