ST南卫(603880) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥142,882,982.40, a decrease of 21.26% compared to the same period last year, and a year-to-date revenue of ¥405,253,231.61, down 55.49% year-on-year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥3,522,074.22, a decline of 46.62% year-on-year, with a year-to-date net profit of ¥14,738,567.26, down 83.96% compared to the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.012, a decrease of 46.62%, and the diluted earnings per share also decreased by 46.62% to ¥0.012[4]. - Total operating revenue for the first three quarters of 2021 was CNY 405,253,231.61, a decrease of 55.5% compared to CNY 910,547,636.67 in the same period of 2020[16]. - Net profit for Q3 2021 was CNY 14,519,060.14, a decline of 84.7% compared to CNY 92,631,179.32 in Q3 2020[18]. - Operating profit for Q3 2021 was CNY 19,210,439.71, a decrease of 81.3% from CNY 102,445,407.46 in Q3 2020[17]. - Total comprehensive income for Q3 2021 was CNY 14,519,060.14, a significant drop from CNY 92,631,179.32 in Q3 2020[18]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥32,528,313.83, representing a decrease of 123.06% year-on-year[3]. - Cash flow from operating activities for the first three quarters of 2021 was negative CNY 32,528,313.83, compared to positive CNY 141,031,803.96 in the same period of 2020[21]. - The company reported a net cash outflow from investing activities of CNY 234,883,824.25 in Q3 2021, compared to a net outflow of CNY 83,340,175.25 in Q3 2020[21]. - Total cash outflow from financing activities was $528.65 million, compared to $297.11 million in the previous year, representing an increase of 77.8%[22]. - Net cash flow from financing activities was $124.72 million, up from $85.27 million, indicating a growth of 46.3% year-over-year[22]. - The beginning cash and cash equivalents balance was $311.94 million, up from $188.67 million, reflecting a growth of 65.3% year-over-year[22]. - The ending cash and cash equivalents balance was $167.59 million, down from $325.57 million, indicating a decline of 48.6%[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,260,948,593.24, an increase of 17.56% from the end of the previous year[4]. - Current assets totaled RMB 599,342,501.34, down from RMB 644,235,238.02 at the end of 2020, primarily due to a decrease in cash and cash equivalents[13]. - Accounts receivable increased to RMB 131,615,649.15 from RMB 94,511,722.38, reflecting a growth of approximately 39.3% year-over-year[13]. - Inventory rose significantly to RMB 166,452,134.24, compared to RMB 118,375,103.72 at the end of 2020, indicating a growth of about 40.6%[13]. - Total liabilities increased to RMB 567,053,197.43 from RMB 371,840,580.60, representing a growth of approximately 52.5%[15]. - Short-term borrowings surged to RMB 341,318,240.00, up from RMB 177,624,500.00, marking an increase of about 92.0%[14]. - The company's equity attributable to shareholders decreased slightly to RMB 688,726,530.89 from RMB 696,791,263.63[15]. - The company reported a decrease in cash and cash equivalents to RMB 197,239,620.62 from RMB 325,210,428.12, a decline of approximately 39.3%[13]. Operational Challenges - The decrease in revenue and profit was primarily due to a reduction in sales of epidemic prevention protective products and a decline in gross profit margin[8]. - The company experienced a significant increase in inventory levels due to rising raw material prices and the production of nitrile gloves, impacting cash flow[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,097[10]. Research and Development - Research and development expenses for Q3 2021 were CNY 22,822,980.02, up 12.3% from CNY 20,318,391.23 in Q3 2020[17]. Corporate Activities - The company has not disclosed any new product developments or market expansion strategies during this reporting period[12]. - There are no significant mergers or acquisitions reported in the current quarter[12]. - The company has not adopted the new leasing standards for the current year[22].