SHUHUA SPORTS(SH:605299)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥361,395,595.28, representing a year-over-year increase of 1.64%[6] - The net profit attributable to shareholders for the same period was ¥20,099,015.49, showing a decrease of 1.95% compared to the previous year[6] - The basic earnings per share (EPS) was ¥0.05, down 16.67% year-over-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥1,089,381,874.75, an increase of 12.4% compared to ¥968,779,687.10 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥77,958,020.86, representing a 5.5% increase from ¥74,330,373.68 in the same period of 2020[21] - Basic earnings per share for the first three quarters of 2021 were ¥0.19, down from ¥0.21 in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,763,636,546.84, a decrease of 12.45% from the end of the previous year[7] - Total assets as of September 30, 2021, amounted to CNY 1,763,636,546.84, a decrease from CNY 2,014,392,796.55 at the end of 2020[16] - Current assets decreased to CNY 875,523,176.56 from CNY 1,126,508,979.47 year-over-year[17] - Total liabilities decreased to CNY 516,838,412.68 from CNY 722,127,952.53 year-over-year[18] - The company's cash and cash equivalents dropped to CNY 79,822,655.63 from CNY 425,997,544.59[16] - Accounts receivable increased to CNY 277,030,829.17 from CNY 264,909,897.48 year-over-year[16] - The total equity attributable to shareholders decreased to CNY 1,246,798,134.16 from CNY 1,292,264,844.02[18] - The company’s total liabilities and equity decreased from ¥2,014,392,796.55 in the previous year to ¥1,763,636,546.84 in 2021[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥92,232,630.25, indicating cash outflow[7] - The company reported a net cash flow from operating activities of -¥92,232,630.25 for the first three quarters of 2021, compared to -¥429,582.63 in the same period of 2020[24] - The company’s total cash inflow from operating activities was ¥1,155,972,626.21, compared to ¥1,117,260,022.12 in the previous year[24] - Cash outflow from operating activities totaled ¥1,248,205,256.46, an increase from ¥1,117,689,604.75 in the same period of 2020[24] - The net cash flow from financing activities was -216,104,129.52 RMB, a significant decrease compared to -7,642,480.38 RMB in the previous year[25] - The total cash and cash equivalents at the end of the period were 73,966,266.21 RMB, down from 81,821,218.26 RMB year-over-year[25] Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥996,358,752.40, up 15.2% from ¥864,966,921.78 in the previous year[20] - Research and development expenses for the first three quarters of 2021 amounted to ¥24,796,478.19, an increase from ¥21,424,645.09 in the previous year[20] Other Financial Metrics - The company reported a decrease in the weighted average return on equity to 1.63%, down 0.66 percentage points from the previous year[7] - Non-recurring gains and losses for the reporting period totaled ¥1,847,332.34, with a year-to-date total of ¥10,809,466.93[10] - The company experienced an increase in government subsidies recognized in the current period amounting to ¥2,527,595.97[9] - The company noted that the increase in cash outflow was primarily due to rising raw material prices and increased labor payments[11] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[25]