Dareway(SH:688579)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥118,949,511.48, representing a year-on-year increase of 20.56%[5] - The net profit attributable to shareholders for Q3 2021 was ¥14,745,118.16, a decrease of 29.61% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.0369, down 31.92% year-on-year[6] - Operating profit for Q3 2021 was ¥21,141,724.56, a significant recovery from a loss of ¥7,880,590.79 in Q3 2020[21] - Net profit for Q3 2021 was ¥23,388,392.39, compared to a net profit of ¥1,922,363.71 in Q3 2020, indicating a substantial increase[22] - Basic and diluted earnings per share for Q3 2021 were both ¥0.0585, compared to ¥0.0052 in Q3 2020, marking an increase of over 1,000%[23] - Total operating revenue for the first three quarters of 2021 reached ¥257,930,226.60, an increase of 18% compared to ¥218,530,109.87 in the same period of 2020[20] - Total operating costs for the first three quarters of 2021 were ¥257,665,387.68, up from ¥237,962,160.90 in 2020, reflecting a rise of approximately 8%[21] - The company’s total profit for Q3 2021 was ¥21,576,691.55, a recovery from a loss of -¥1,318,975.56 in Q3 2020[22] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥45,332,266.42, indicating a significant cash outflow[5] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥45,332,266.42, an improvement from -¥68,949,277.57 in the same period of 2020[24] - Cash flow from investing activities generated a net inflow of ¥382,644,468.50 in 2021, contrasting with a net outflow of -¥498,554,425.18 in 2020[24] - The company reported a net increase in cash and cash equivalents of ¥297,261,201.08 for the first three quarters of 2021, compared to a decrease of -¥282,998,676.82 in 2020[24] - Total cash and cash equivalents at the end of Q3 2021 stood at ¥395,230,085.18, up from ¥101,831,762.21 at the end of Q3 2020[24] - Cash and cash equivalents were reported at RMB 403,744,330.12, significantly increasing from RMB 101,101,171.50 in the previous year[16] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,582,698,532.76, a decrease of 4.14% from the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to RMB 1,582,698,532.76, a decrease from RMB 1,651,081,394.64 as of December 31, 2020[16] - The company's current assets totaled RMB 756,134,121.59, down from RMB 915,556,568.45 in the previous year[16] - The company's total liabilities decreased to RMB 391,499,423.25 from RMB 443,269,677.52 year-over-year[18] - The total equity attributable to shareholders was RMB 1,191,199,109.51, down from RMB 1,207,811,717.12 in the previous year[18] - The company reported accounts receivable of RMB 123,940,660.77, a decrease from RMB 183,412,482.78 in the previous year[16] - Inventory increased to RMB 64,055,201.25 from RMB 24,076,199.09 year-over-year[16] - The company’s contract assets were reported at RMB 94,078,629.13, up from RMB 86,886,220.22 in the previous year[16] - The company’s non-current assets totaled RMB 826,564,411.17, an increase from RMB 735,524,826.19 in the previous year[17] Research and Development - Research and development expenses totaled ¥28,131,154.77, accounting for 23.65% of operating revenue, a decrease of 5.17 percentage points from the previous year[6] Government Subsidies - The company has experienced a reduction in government subsidies received, impacting net profit for the current period[11] New Initiatives - The company approved a restricted stock incentive plan on September 30, 2021, which was later approved by the shareholders on October 22, 2021[15] - The company announced the implementation of new leasing standards starting in 2021, affecting the financial statements from the beginning of the year[25]