ENC(SH:603869)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was ¥93,522,528.29, representing a decrease of 62.38% compared to the same period last year[6] - The net profit attributable to shareholders was -¥24,226,129.25, with a year-to-date net profit of ¥58,696,068.81, showing an increase of 136.62%[6] - The basic earnings per share for the year-to-date period was ¥0.12, reflecting an increase of 136.38%[6] - Total operating revenue for the first three quarters of 2021 was CNY 440,467,282.55, a decrease of 28.6% compared to CNY 616,906,677.39 in the same period of 2020[21] - Net profit for the third quarter of 2021 was CNY 61,614,501.07, a significant recovery from a net loss of CNY 153,543,154.72 in the same quarter of 2020[22] - Earnings per share for the third quarter of 2021 were CNY 0.12, compared to a loss per share of CNY 0.32 in the same quarter of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,136,515,343.38, a decrease of 19.87% from the end of the previous year[7] - The total current assets decreased to 3,587,733,518.03 RMB from 4,804,566,850.04 RMB, reflecting a decline of about 25.38% year-over-year[17] - The total non-current assets decreased to 1,548,781,825.35 RMB from 1,605,823,273.54 RMB, indicating a decline of approximately 3.43%[17] - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 1,096,935,046.00, a decrease from CNY 2,416,122,813.66 at the end of the previous year[19] - The company’s total liabilities included short-term borrowings of CNY 1,225,344,859.74[28] - Total liabilities amounted to approximately ¥2.42 billion, with current liabilities at ¥2.18 billion and non-current liabilities at ¥234 million[29] Cash Flow - The company reported a net cash flow from operating activities of ¥524,503,102.05, which increased by 30.98% year-to-date[6] - Total cash inflow from operating activities for the first three quarters of 2021 was CNY 1,111,494,473.33, a decrease of 7.6% compared to CNY 1,203,165,444.82 in the same period of 2020[25] - Cash inflow from investment activities totaled CNY 677,306,247.76, significantly higher than CNY 223,578,096.53 in the previous year, marking a 203% increase[26] - Net cash flow from investment activities reached CNY 629,726,285.43, compared to CNY 62,029,769.40 in the same period last year[26] - Cash inflow from financing activities was CNY 391,721,750.74, a sharp decline from CNY 1,885,290,000.00 in the previous year[26] - Net cash flow from financing activities showed a negative balance of CNY -1,147,817,648.44, compared to CNY -62,290,009.23 in the same period of 2020[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,687[11] - The major shareholder, New Energy Supply Chain Co., Ltd., holds 35.05% of the shares, while the second-largest shareholder, Zhang Tao, holds 7.14%[12] - New Intelligent Technology Co., Ltd. increased its stake by acquiring 5,770,000 shares, representing 1.14% of the total share capital, with a total investment of 50,060,660 RMB[14] - The company completed a share buyback of 6,734,687 shares, accounting for 1.33% of the total share capital, with no changes in the repurchased shares as of the reporting date[13] Revenue Composition and Future Outlook - The company has shifted its revenue focus solely to industry cognitive solutions after divesting from the marine route business, leading to significant changes in revenue composition[10] - The company anticipates continued growth in its industry cognitive solutions business, which saw a year-on-year increase of 30,653.19% in revenue for the first three quarters of 2021[10] Other Financial Metrics - The weighted average return on equity was -0.60% for the current period, compared to an increase of 135.27 percentage points year-to-date[7] - Non-operating income for the current period included government subsidies amounting to ¥6,042,416.40, contributing to the overall financial performance[9] - Research and development expenses for the first three quarters of 2021 were CNY 97,579,626.68, down from CNY 130,430,834.53 in the same period of 2020[21] - Financial expenses for the third quarter of 2021 showed a significant reduction to -CNY 418,987.37 from CNY 65,711,272.18 in the previous year[22] - The company reported investment income of CNY 42,956,440.03 in the third quarter of 2021, compared to a loss of CNY 4,447,613.05 in the same quarter of 2020[22]