Daqian(SH:603955)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥106,578,818.81, a decrease of 54.33% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥3,362,605.83, down 84.93% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥3,447,433.36, a decline of 85.28% compared to the previous year[6] - The basic earnings per share for Q3 2021 was ¥0.0248, representing an 86.31% decrease year-on-year[7] - Total operating revenue for the first three quarters of 2021 was RMB 370,771,384.59, a decrease of 43.2% compared to RMB 653,215,580.02 in the same period of 2020[22] - The net profit for Q3 2021 was CNY 49,612,630.76, a decrease of 36.9% compared to CNY 78,466,625.51 in Q3 2020[23] - The total comprehensive income for Q3 2021 was CNY 49,009,451.89, a decrease of 37.5% compared to CNY 78,287,189.89 in Q3 2020[24] - The basic earnings per share for Q3 2021 was CNY 0.3082, down from CNY 0.5695 in Q3 2020, reflecting a decrease of 46%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,672,978,908.27, an increase of 1.61% from the end of the previous year[7] - Total assets as of September 30, 2021, were RMB 3,672,978,908.27, slightly up from RMB 3,614,826,441.91 at the end of 2020[20] - Total liabilities as of September 30, 2021, were RMB 1,898,298,944.16, a marginal increase from RMB 1,890,581,645.27 at the end of 2020[20] - Total liabilities reached $1.89 billion, down by $9.08 million compared to the last reporting period[31] - Shareholders' equity stood at $1.72 billion, unchanged from the previous period[32] Cash Flow and Management - The cash flow from operating activities was negative at -¥151,933,222.32 for the year-to-date period[7] - The company reported a net cash outflow from operating activities of CNY -151,933,222.32 for the first nine months of 2021, an improvement from CNY -173,076,845.12 in the same period of 2020[27] - Investment activities generated a net cash outflow of CNY -79,743,666.13 in the first nine months of 2021, compared to CNY -85,956,093.77 in the same period of 2020[28] - The company is focusing on improving cash flow management and reducing accounts receivable to enhance liquidity in the upcoming quarters[22] Operational Challenges - The decrease in revenue and profit was primarily due to a reduction in engineering construction volume during the reporting period[11] - The company reported a net profit margin decline due to reduced revenue and increased operational costs[22] - The company's management expenses increased to CNY 56,361,064.06 in Q3 2021, up from CNY 48,615,763.76 in Q3 2020, marking a rise of 15.9%[23] Shareholder Information - The top shareholder, Jiangsu Daqian Investment Development Co., Ltd., holds 30.78% of the shares, with 12,400,000 shares pledged[14] Inventory and Receivables - Cash and cash equivalents as of September 30, 2021, were RMB 448,894,239.41, a decrease of 18% from RMB 546,718,870.77 at the end of 2020[17] - Accounts receivable decreased to RMB 280,721,293.63 as of September 30, 2021, from RMB 382,388,853.59 at the end of 2020, representing a decline of 26.6%[17] - The company reported inventory levels at $38.76 million, reflecting effective inventory management[30] Investment Income - The company reported a significant increase in investment income, reaching CNY 18,725,654.15 in Q3 2021, compared to CNY 122,933.01 in Q3 2020[23]