ZLC(SH:900915)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 200,550,902.50, a decrease of 18.11% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 2,745,434.84, down 56.16% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,378,773.55, a decrease of 43.59% compared to the previous year[5]. - The basic earnings per share for Q3 2021 was CNY 0.009, a decline of 52.63% year-on-year[5]. - The net profit for Q3 2021 was CNY 13,395,827.12, an increase from CNY 11,960,261.01 in Q3 2020, representing a growth of approximately 11.97%[19]. - The total comprehensive income for Q3 2021 was CNY 13,395,827.12, compared to CNY 11,886,867.06 in Q3 2020, an increase of approximately 12.66%[20]. - The profit before tax for Q3 2021 was CNY 22,075,049.07, compared to CNY 15,979,459.91 in Q3 2020, an increase of approximately 38.5%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 939,024,381.73, a decrease of 1.61% from the end of the previous year[6]. - The company's total assets amounted to CNY 939,024,381.73, a decrease from CNY 954,386,311.94 at the end of 2020[16]. - The company's total current assets increased to CNY 225,292,107.08 from CNY 209,216,423.68 year-on-year[15]. - The company's total liabilities decreased to CNY 263,249,454.48 from CNY 304,257,211.81 year-on-year[16]. - Total liabilities amounted to 304,257,211.81 RMB, with current liabilities making up a significant portion[28]. - Non-current assets totaled 745,169,888.26 RMB, reflecting a slight increase due to adjustments related to the new leasing standards[27]. Shareholder Equity - Shareholders' equity attributable to the parent company increased by 3.60% to CNY 668,657,903.71 compared to the end of the previous year[6]. - The company's total equity attributable to shareholders increased to CNY 668,657,903.71 from CNY 645,447,545.90 year-on-year[16]. - The company's total equity was reported at 650,129,100.13 RMB, indicating stability in shareholder equity[28]. Cash Flow - The company reported a net cash flow from operating activities of CNY -20,893,818.48 for the year-to-date, reflecting a 3.65% improvement year-on-year[5]. - The net cash flow from operating activities was negative at CNY -20,893,818.48, slightly worse than the previous year's negative cash flow of CNY -20,158,785.50[23]. - The net cash flow from investing activities was 7,924,287.70 RMB, a significant decrease from 83,943,354.43 RMB in the previous period[24]. - Cash inflows from financing activities totaled 79,450,000.00 RMB, while cash outflows were 94,877,903.99 RMB, resulting in a net cash flow of -15,427,903.99 RMB[24]. - The company's cash and cash equivalents as of September 30, 2021, were CNY 108,306,652.79, compared to CNY 157,221,270.60 at the end of 2020[14]. - Total cash and cash equivalents at the end of the period amounted to 118,306,652.79 RMB, down from 147,221,270.60 RMB at the beginning of the period[24]. Expenses and Investments - The company experienced an increase in personnel actuarial expenses by CNY 3.04 million and R&D expenses for the high-altitude wind energy project by CNY 4.45 million, contributing to the decline in net profit[8]. - Research and development expenses increased to CNY 25,689,814.58 from CNY 20,789,825.62, reflecting a growth of approximately 23.6%[19]. - The investment income for Q3 2021 was CNY 21,584,076.87, down from CNY 35,321,919.28 in Q3 2020, a decrease of approximately 38.9%[19]. - The company reported a decrease in sales expenses to CNY 24,053,259.03 from CNY 28,027,852.36, a reduction of about 14.0%[19]. Project Developments - The company is progressing with its high-altitude wind energy project, which is a key focus for future growth[12]. - The company decided to terminate the non-public issuance of A-shares for the high-altitude wind power project and has applied to withdraw related documents from the China Securities Regulatory Commission[13]. - The company approved the transfer of 51% equity in the Jixi high-altitude wind power project to China Energy Construction Group Planning and Design Co., Ltd. for a cash payment of CNY 38.25 million, with the company's contribution being CNY 36.75 million[13]. - The company plans to continue developing high-altitude wind power projects and seek opportunities in other regions[13]. Government Support - The company received government subsidies amounting to CNY 102,031.53 during the reporting period, which are closely related to its normal business operations[8]. Foreign Exchange Impact - The company experienced a negative impact of -517,183.04 RMB from foreign exchange fluctuations on cash and cash equivalents[24].