Original(SH:603991)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥41,840,653.86, a decrease of 22.03% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was a loss of ¥5,699,398.56, with a year-to-date loss of ¥16,329,959.26, reflecting a significant decline in profitability[5] - The company reported a 56.77% decrease in operating revenue for the year-to-date period, primarily due to optimizing customer structure and reducing low-margin business[9] - The net loss attributable to shareholders for Q3 2021 decreased by approximately 41.21% compared to the same period last year, attributed to reduced low-margin customer business and related expenses[9] - Total operating revenue for the first three quarters of 2021 was CNY 103,217,649.09, a decrease of 56.9% compared to CNY 238,752,834.92 in the same period of 2020[19] - Net profit for Q3 2021 was a loss of CNY 16,329,959.26, an improvement from a loss of CNY 35,779,752.51 in Q3 2020[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥61,468,912.44, indicating a positive cash flow despite the losses[6] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 61,468,912.44, an increase of 18.5% compared to CNY 51,879,733.65 in the same period of 2020[24] - The company achieved a cash inflow from operating activities of CNY 114,533,966.73 in the first three quarters of 2021, compared to CNY 271,036,013.19 in the same period of 2020[24] - The net cash flow from investment activities was -29,552.14 thousand, compared to -740,103.87 thousand in the previous period[26] - Cash inflow from financing activities totaled 90,000,000.00 thousand, down from 167,910,000.00 thousand year-over-year[26] - The net cash flow from financing activities was -60,814,393.86 thousand, slightly improved from -63,784,942.16 thousand year-over-year[26] - The ending balance of cash and cash equivalents was 10,132,057.54 thousand, up from 5,976,762.32 thousand in the previous period[26] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥474,905,240.85, a decrease of 16.93% from the previous year-end[6] - Current assets totaled RMB 220,237,472.18, down from RMB 306,627,483.56 year-over-year[16] - Total current liabilities decreased to RMB 69,637,433.54 from RMB 188,972,086.95, indicating a reduction of approximately 63.2%[17] - Total liabilities as of Q3 2021 were CNY 120,219,982.15, a decrease from CNY 200,697,290.66 in the previous year[20] - The total equity attributable to shareholders was CNY 354,685,258.70, down from CNY 371,015,217.96 in the previous year[20] Shareholder Information - The equity attributable to shareholders decreased by 4.40% to ¥354,685,258.70 compared to the previous year-end[6] - The company has a major shareholder, Shenzhen Zhengxin Tongchuang Investment Development Co., Ltd., holding 27.00% of shares[12] Cost Management - Total operating costs for Q3 2021 were CNY 121,473,403.34, down 55.6% from CNY 273,614,176.42 in Q3 2020[20] - The company reported a decrease in sales expenses to CNY 2,252,710.77 in Q3 2021, down 83.7% from CNY 13,788,787.73 in Q3 2020[20] - Research and development expenses for Q3 2021 were CNY 5,150,829.67, a reduction of 62.5% compared to CNY 13,724,646.88 in Q3 2020[20] Future Outlook - The company plans to continue focusing on high-margin customers and reducing low-margin business to improve profitability in the future[9]