BLEST(SH:603959)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 305,402,943.94, representing a year-on-year increase of 4.04%[5] - The net profit attributable to shareholders for the same period was CNY 11,672,079.38, a decrease of 70.32% compared to the previous year[5] - The basic earnings per share for Q3 2021 was CNY 0.02, down 75.07% from the same period last year[6] - Operating revenue decreased by 39.75% due to reduced completion volume of general contracting projects[11] - Net profit for Q3 2021 was CNY 49,288,336.47, compared to CNY 50,987,197.04 in Q3 2020[24] - The company reported a gross profit margin of approximately 0.72% for Q3 2021, down from the previous year's margin[23] - The total comprehensive income attributable to the parent company for Q3 2021 was CNY 48,065,838.39, a decrease from CNY 49,758,674.29 in Q3 2020, representing a decline of approximately 3.4%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,797,444,026.85, reflecting a slight increase of 0.57% from the end of the previous year[6] - Total assets as of Q3 2021 amounted to CNY 2,797,444,026.85, slightly up from CNY 2,781,472,580.61 year-over-year[19] - Total liabilities decreased to CNY 2,102,326,152.32 from CNY 2,143,385,780.03 in the previous year[19] - The company’s equity attributable to shareholders increased to CNY 668,331,345.99 from CNY 620,266,612.84 year-over-year[19] - Current liabilities reached approximately $2.14 billion, with short-term borrowings at $729.85 million and accounts payable at $714.62 million[30] - Total liabilities were approximately $2.15 billion, with non-current liabilities at about $12.95 million[30] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 209,543,175.60, showing a substantial increase of 156.28%[5] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 209,543,175.60, a significant improvement compared to a negative cash flow of CNY -372,345,373.57 in the same period of 2020[26] - Cash received from the sale of goods and services in the first three quarters of 2021 was CNY 816,186,257.50, an increase of 37.0% from CNY 595,361,532.24 in the first three quarters of 2020[26] - The total operating cash outflow for the first three quarters of 2021 was CNY 637,327,305.56, down from CNY 995,086,478.77 in the same period of 2020, indicating improved cash management[26] Investments and Expenses - Investment income increased by 382.19% due to a significant rise in profits from invested enterprises[11] - Research and development expenses for Q3 2021 were CNY 47,422,178.15, an increase from CNY 37,016,339.26 in Q3 2020[23] - The company paid CNY 133,001,719.55 in employee compensation during the first three quarters of 2021, up from CNY 112,253,937.28 in the same period of 2020, reflecting a growth of 18.5%[26] Changes in Financial Position - The company experienced a 38.22% decrease in cash and cash equivalents due to reduced acceptance guarantees and repayment of bank loans[10] - Cash and cash equivalents dropped from CNY 320,303,820.86 to CNY 197,868,124.44[17] - The company reported a significant increase in construction in progress, indicating significant progress in the completion of its headquarters base[10] - The company reported a significant increase in construction in progress, rising to CNY 165,448,683.98 from CNY 94,820,922.07 year-over-year[19] Other Financial Metrics - The weighted average return on net assets was 1.76%, a decrease of 3.98 percentage points compared to the previous year[6] - Total current assets decreased from CNY 1,984,607,161.29 as of December 31, 2020, to CNY 1,879,854,040.64 as of September 30, 2021[17] - Accounts receivable decreased from CNY 709,285,073.26 to CNY 633,483,145.63[17] - Inventory declined from CNY 224,222,149.13 to CNY 140,871,957.17[17] New Standards and Future Implications - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting and asset management strategies[27]