Niutech(SH:688309)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥8,296,516.85, representing a decrease of 80.16% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,142,709.16, a decline of 272.80% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,777,715.41, down 318.46% from the previous year[5] - Total revenue for the first three quarters of 2021 was CNY 45,470,728.01, a decrease of 62.3% compared to CNY 120,579,548.62 in the same period of 2020[21] - The net profit for the third quarter of 2021 was a loss of CNY 3,902,365.22, compared to a profit of CNY 34,233,633.71 in the same quarter of 2020[22] - The total comprehensive income attributable to the parent company for Q3 2021 was -3,902,365.22 CNY, compared to 34,233,633.71 CNY in the same period last year[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥751,657,072.11, a decrease of 4.00% compared to the end of the previous year[6] - The company's total assets decreased to CNY 751,657,072.11 from CNY 782,980,933.69, indicating a decline of 4.0%[20] - Current liabilities totaled CNY 38,183,133.56, down from CNY 64,848,729.27, representing a decrease of 41.2%[19] - Non-current assets increased to CNY 166,970,255.02 from CNY 154,125,739.59, showing a growth of 8.0%[20] - The total equity attributable to shareholders decreased to CNY 706,823,007.04 from CNY 711,643,692.31, a decline of 0.5%[20] Cash Flow - The cash flow from operating activities for the year-to-date was ¥9,863,893.55, reflecting an increase compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2021 was 9,863,893.55 CNY, a significant improvement from -24,103,823.56 CNY in the same period last year[28] - Cash inflow from investment activities for the first nine months of 2021 was 816,408,514.73 CNY, compared to 30,080,547.95 CNY in the previous year[29] - The net cash flow from investment activities for the first nine months of 2021 was 30,905,308.84 CNY, a recovery from -292,747,516.34 CNY in the same period last year[29] - The net cash flow from financing activities for the first nine months of 2021 was -4,960,097.10 CNY, compared to a positive 429,052,254.45 CNY in the previous year[29] - The total cash and cash equivalents at the end of Q3 2021 amounted to 130,500,427.78 CNY, up from 134,019,800.87 CNY at the end of the previous year[29] Research and Development - Research and development expenses totaled ¥2,108,760.24, accounting for 25.42% of operating revenue, an increase of 19.66 percentage points[6] - Research and development expenses for the first three quarters of 2021 were CNY 6,028,873.55, a decrease from CNY 7,312,262.06 in the same period of 2020[21] - The company achieved a total of 6 utility model patents and 1 design patent granted in the first three quarters of 2021, with 3 utility model patents granted in Q3 alone[16] Shareholder Information - The top shareholder, Ningbo Meishan Free Trade Port Area Junlong Investment Management Partnership, holds 34.39% of the shares[14] - The second-largest shareholder, Ningbo Meishan Free Trade Port Area Yincheng Investment Management Partnership, holds 6.28% of the shares[14] - The company has no significant changes in the number of shareholders, maintaining a total of 5,914 common shareholders[13] - The company has no participation in margin financing and securities lending activities among the top 10 shareholders[15] Challenges and Market Conditions - The company faced challenges in executing orders due to customer funding issues and delays in project approvals, leading to a significant drop in revenue[10] - The company reported an increase in credit impairment losses compared to the previous year, contributing to the decline in net profit[10]