Genew(SH:688418)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥75,083,980.36, representing a year-on-year increase of 24.04%[5] - The net profit attributable to shareholders was -¥55,116,280.85, a decrease of 862.05% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥57,707,366.06, a decrease of 986.77% year-on-year[5] - Net profit for the third quarter was a loss of CNY 72,257,094.22, compared to a profit of CNY 14,979,265.23 in the same quarter of 2020[23] - In Q3 2021, the company reported a total comprehensive loss of approximately -73.2 million RMB, compared to a gain of 14.26 million RMB in the same period last year[24] - Basic and diluted earnings per share for Q3 2021 were both -0.3614 RMB, a decline from 0.0934 RMB in Q3 2020[24] Research and Development - Research and development expenses totaled ¥36,035,840.86 for the quarter, an increase of 106.49% year-on-year, accounting for 47.99% of operating revenue[6] - Research and development expenses for the first three quarters were CNY 75,719,369.41, compared to CNY 56,093,664.56 in the same period last year, marking a 35% increase[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,564,615,637.00, an increase of 4.22% compared to the end of the previous year[6] - The company's total assets reached CNY 1,564,615,637.00, an increase from CNY 1,501,233,922.19 year-over-year[21] - Current liabilities totaled CNY 314,244,043.48, up from CNY 238,383,512.29 in the previous year, indicating a 32% increase[20] - The company’s total liabilities amounted to CNY 372,466,094.65, compared to CNY 244,415,890.69 in the previous year, representing a 52% increase[20] - The equity attributable to shareholders decreased to CNY 1,174,032,854.81 from CNY 1,255,707,443.94, a decline of approximately 6.5%[21] Cash Flow - The cash flow from operating activities for the year-to-date was -¥231,701,145.07, primarily due to increased procurement and personnel expenses[6] - For the first nine months of 2021, cash inflows from operating activities totaled approximately 269.74 million RMB, up from 193.50 million RMB in the same period of 2020[27] - The net cash outflow from operating activities for the first nine months of 2021 was -231.70 million RMB, compared to -139.85 million RMB in the same period last year[27] - Investment activities generated a net cash outflow of -22.32 million RMB in the first nine months of 2021, while the previous year saw a cash outflow of -285.28 million RMB[29] - Cash inflows from financing activities in Q3 2021 amounted to approximately 252.10 million RMB, a decrease from 933.08 million RMB in Q3 2020[29] - The company reported a net cash outflow from financing activities of 82.10 million RMB in the first nine months of 2021, compared to a net inflow of 725.05 million RMB in the same period last year[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 8,676[13] - The top shareholder, Wu Minhua, holds 32,147,460 shares, representing 16.60% of total shares[13] - Shenzhen Zhenyou Growth Investment Enterprise holds 28,855,002 shares, accounting for 14.90%[13] - The company has no pledged shares among the top ten shareholders[13] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding over 16%[13] - The company has not disclosed any related party transactions among shareholders[16] Inventory and Receivables - The company reported a significant increase in inventory, which rose to CNY 233,889,787.29 from CNY 175,345,431.35, reflecting a 33% increase[19] - Accounts receivable increased to ¥581,130,076.00 from ¥531,805,541.50[18] Government Subsidies and Non-recurring Gains - The company received government subsidies amounting to ¥631,100.00 during the quarter, contributing to non-recurring gains[10] - The company reported a total of ¥1,962,582.84 in non-recurring gains for the quarter, down from ¥6,203,123.06 in the previous year[10] Operational Strategy and Future Outlook - The report does not indicate any significant changes in the company's operational strategies or future outlook[17]