QCIOT(SH:688528)2021-10-28 16:00Financial Performance - Revenue for Q3 2021 was CNY 73,883,487.66, a decrease of 2.04% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 4,471,847.04, down 35.16% year-over-year[5] - The basic earnings per share for the period was CNY 0.03, a decrease of 25.00% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the period was CNY 3,102,543.21, down 51.48% year-over-year[5] - Operating profit decreased to ¥21,455,390.74, down 44.8% from ¥38,937,184.14 in the previous year[20] - Net profit for the first three quarters of 2021 was ¥21,337,619.48, a decline of 37.5% from ¥34,235,479.02 in 2020[21] Research and Development - R&D expenses totaled CNY 8,875,498.81, representing 12.01% of revenue, an increase of 3.31 percentage points compared to the previous year[6] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the report[14] - Research and development expenses increased to ¥26,903,207.58, up 52.9% from ¥17,591,491.96 in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 975,368,800.24, a decrease of 1.51% from the end of the previous year[6] - The company's current assets totaled ¥641,762,870.97, down from ¥706,054,927.32 in the previous year[15] - Total liabilities decreased to ¥224,589,649.14 from ¥235,642,122.94, a reduction of about 4.5%[17] - The company's equity totaled ¥750,779,151.10, slightly down from ¥754,641,531.62, indicating a decrease of around 0.5%[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 47,574,344.99 for the year-to-date[6] - Cash flow from operating activities showed a net outflow of ¥47,574,344.99, worsening from a net outflow of ¥20,528,479.49 in 2020[23] - Cash flow from investing activities generated a net inflow of ¥53,211,891.29, compared to a net outflow of ¥54,947,203.11 in the previous year[24] - Total cash inflow from financing activities was ¥47,526,649.59, significantly lower than ¥472,032,600.00 in the previous year[24] Market and Competition - The company faced increased sales expenses due to intensified market competition and expanded market development efforts[9] - Future outlook includes potential market expansion strategies, but specific plans were not disclosed in the conference call[14] Shareholder Information - The company reported a total of 8,036 common shareholders at the end of the reporting period[11]