TIP Group(SH:605255)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥70,529,628.06, a decrease of 9.83% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥8,321,626.96, down 44.51% year-on-year[5]. - The basic earnings per share decreased by 43.64% to ¥0.062, while diluted earnings per share fell by 46.36% to ¥0.059[6]. - The net profit attributable to shareholders for the current reporting period is -44.51 million, primarily due to a decrease in operating income and an increase in operating costs[11]. - The basic earnings per share for the current reporting period is -43.64 yuan, reflecting a decrease in net profit[11]. - The diluted earnings per share for the current reporting period is -46.36 yuan, also reflecting a decrease in net profit[11]. - The net profit for Q3 2021 was CNY 37,357,267.26, an increase from CNY 36,702,318.28 in Q3 2020, representing a growth of approximately 1.78%[20]. - The total profit for Q3 2021 was CNY 41,391,052.51, compared to CNY 39,961,905.25 in the same period last year, indicating an increase of about 3.55%[20]. - The operating profit for Q3 2021 was CNY 41,653,719.68, up from CNY 39,852,498.66 in Q3 2020, reflecting a growth of approximately 4.52%[20]. - The total comprehensive income for Q3 2021 was CNY 37,304,310.56, compared to CNY 36,687,138.07 in Q3 2020, indicating a growth of about 1.68%[21]. - The basic earnings per share for Q3 2021 was CNY 0.28, down from CNY 0.35 in Q3 2020, a decrease of approximately 20%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥931,455,068.31, reflecting a decrease of 9.99% from the end of the previous year[6]. - The company's total assets as of September 30, 2021, were CNY 931,455,068.31, down from CNY 1,034,811,108.23 at the end of 2020[18]. - The total liabilities decreased to CNY 56,962,801.44 from CNY 98,334,606.78, indicating a reduction of 42.0%[17]. - The cash and cash equivalents as of September 30, 2021, were CNY 84,420,560.65, compared to CNY 198,407,224.33 at the end of 2020, showing a decrease of 57.5%[16]. - The company's inventory stood at CNY 57,493,155.85, slightly up from CNY 57,133,695.12, indicating a marginal increase of 0.6%[16]. - The total current assets decreased to CNY 418,128,821.50 from CNY 570,565,397.40, reflecting a decline of 26.7%[16]. - The long-term equity investments increased to CNY 24,832,142.29 from CNY 23,216,766.45, representing a growth of 6.9%[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥41,741,422.27, showing a decline of 8.37%[6]. - The cash flow from operating activities has been impacted by a decrease in export tax rebates, resulting in a year-to-date cash outflow of -87.07 million[11]. - The cash flow from operating activities for the first three quarters of 2021 was CNY 41,741,422.27, down from CNY 45,552,590.08 in the same period of 2020, a decrease of about 17.5%[24]. - The cash inflow from investment activities for the first three quarters of 2021 was CNY 539,014,009.98, compared to CNY 248,830,842.97 in the previous year, showing an increase of approximately 116.5%[24]. - The net cash flow from investment activities for the first three quarters of 2021 was -CNY 55,724,232.17, an improvement from -CNY 242,245,970.27 in the same period of 2020[24]. - The company experienced a 57.45% decrease in cash and cash equivalents at the end of the reporting period, mainly due to dividend payments[10]. - The cash received from sales and services for the year-to-date is 31.02 million, attributed to increased sales and cash collections[11]. - Cash received from investment income for the year-to-date is 208.45 million, mainly due to an increase in matured financial products and income[11]. - The cash and cash equivalents at the end of Q3 2021 were CNY 79,706,100.48, a decrease from CNY 196,363,964.95 at the end of Q3 2020[25]. - The company reported a foreign exchange loss of CNY -676,188.81 in Q3 2021, compared to a loss of CNY -15,180.21 in the same period last year[25]. - The company experienced a significant foreign exchange impact on cash and cash equivalents, amounting to 4,354.41 million due to currency fluctuations[11]. Research and Development - Research and development expenses increased by 61.34% year-to-date, indicating a commitment to innovation[10]. - Research and development expenses amounted to CNY 19,569,244.82, which is a significant increase of 61.1% compared to CNY 12,128,998.94 in the previous year[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,079[13]. - Zhejiang Tianpu Holdings Co., Ltd. holds 75,360,000 shares, representing 56.21% of the total shares, making it the largest shareholder[13]. Other Operating Income and Expenses - The company recorded a net loss of ¥222,469.95 from other operating income and expenses[10]. - The total operating costs for the same period were CNY 192,215,030.44, up from CNY 168,414,881.14, reflecting a year-over-year increase of 14.1%[19]. - The company's cash flow from operating activities has been impacted by a decrease in export tax rebates, resulting in a year-to-date cash outflow of -87.07 million[11].