RAISECOM(SH:603803)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥532,285,887.17, representing an increase of 8.30% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥49,183,492.76, a year-on-year increase of 7.24%[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,757,890.58, showing a decrease of 7.13% year-on-year[3]. - The basic earnings per share for Q3 2021 was ¥0.11, compared to a loss of ¥1.72 in the same period last year, marking an improvement[4]. - Total operating revenue for the first three quarters of 2021 reached ¥1,325,238,848.92, an increase of 11.94% compared to ¥1,183,943,822.33 in the same period of 2020[20]. - Net profit for the first three quarters of 2021 was a loss of ¥723,834,185.43, compared to a profit of ¥56,044,119.71 in the same period of 2020[21]. - Basic and diluted earnings per share for the first three quarters of 2021 were both -¥1.72, down from ¥0.14 in the previous year[22]. - The company reported a significant increase in research and development expenses, totaling ¥193,070,931.02 for the first three quarters of 2021, compared to ¥185,026,229.13 in the same period of 2020[20]. - The company experienced a credit impairment loss of ¥434,514,480.36 in the first three quarters of 2021, compared to a loss of ¥8,163,399.69 in the previous year[21]. - Other comprehensive income after tax for the first three quarters of 2021 was -¥2,788,274.46, compared to -¥6,144,890.72 in the same period of 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,045,109,476.22, a decrease of 17.35% from the end of the previous year[4]. - The equity attributable to shareholders decreased by 28.34% year-on-year, amounting to ¥1,924,579,089.00[4]. - As of September 30, 2021, the company's total assets amounted to RMB 3,045,109,476.22, a decrease from RMB 3,684,142,429.47 at the end of 2020, representing a decline of approximately 17.3%[15]. - The company's cash and cash equivalents decreased to RMB 548,577,587.17 from RMB 846,236,556.20, reflecting a decline of about 35.2%[15]. - Accounts receivable decreased to RMB 875,702,165.66 from RMB 1,128,695,376.97, indicating a reduction of approximately 22.4%[15]. - The company reported a total inventory of RMB 944,839,496.61, slightly up from RMB 937,990,330.39, showing a marginal increase of about 0.9%[15]. - The company recognized a total impairment provision of RMB 769,917,100.00 related to accounts receivable and inventory[13]. - Short-term borrowings increased to RMB 415,148,437.32 from RMB 361,037,964.12, marking an increase of approximately 15%[17]. - The company’s total current liabilities amounted to RMB 1,096,771,000.00, compared to RMB 1,000,000,000.00 in the previous period, reflecting an increase of about 9.7%[17]. - The company’s long-term equity investments rose to RMB 78,225,554.44 from RMB 58,838,426.40, representing an increase of approximately 33%[17]. - Total liabilities increased to ¥1,123,168,851.68 in Q3 2021 from ¥1,000,358,049.10 in Q3 2020[18]. - Total equity attributable to shareholders decreased to ¥1,924,579,089.00 in Q3 2021 from ¥2,685,663,311.79 in Q3 2020[18]. Cash Flow - The net cash flow from operating activities was negative at -¥241,601,179.74 for the year-to-date period[3]. - The net cash flow from operating activities was -241,601,179.74 RMB, compared to -90,709,100.62 RMB in the previous year, indicating a decline in operational performance[26]. - Total cash inflow from investment activities was 421,774,733.09 RMB, up from 371,445,040.92 RMB year-over-year, reflecting increased investment returns[26]. - The net cash flow from financing activities was -4,824,377.15 RMB, slightly improved from -5,883,641.64 RMB in the same quarter last year[27]. - The total cash and cash equivalents at the end of the period stood at 442,077,858.29 RMB, down from 728,409,717.50 RMB year-over-year, indicating a liquidity contraction[27]. - Cash outflow for operating activities totaled 1,696,133,408.16 RMB, slightly lower than 1,707,171,430.54 RMB in the previous year, suggesting improved cost management[26]. - The company received 420,000,000.00 RMB from other investment-related cash inflows, an increase from 370,000,000.00 RMB year-over-year, indicating successful investment strategies[26]. - The cash outflow for financing activities was 404,007,839.69 RMB, compared to 342,724,118.07 RMB in the previous year, reflecting increased financing costs[27]. Legal and Operational Matters - The company reported a significant impairment loss related to its specialized network communication business, impacting net profit figures[8]. - The company is involved in a significant lawsuit related to its subsidiary, which may impact its financial position[12]. - The company will continue to monitor the situation regarding its specialized communication business and will take necessary actions based on ongoing assessments[14]. Reporting and Future Outlook - The third quarter report for 2021 was announced on October 28, 2021[31]. - The document indicates that adjustments for various projects are not applicable[31]. - The board of directors of Ruiskanda Technology Development Co., Ltd. issued the report[31]. - No specific financial performance metrics or user data were provided in the document[31]. - Future outlook and performance guidance details were not included in the report[31]. - Information regarding new product and technology development was not mentioned[31]. - Market expansion and acquisition strategies were not discussed in the document[31]. - Other new strategies were not outlined in the report[31]. - The report does not contain any numerical data or percentages related to financial performance[31]. - The document is a formal announcement without detailed financial insights[31].