SMEG(SH:900922)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥217,407,398.13, representing a decrease of 6.40% compared to the same period last year[3]. - The net profit attributable to shareholders for the same period was ¥2,352,046.55, with a year-to-date net profit of ¥9,187,793.72, showing a decline of 14.89%[3]. - Total revenue for the first three quarters of 2021 was CNY 554,039,241.70, a decrease of 14.85% compared to CNY 650,988,239.03 in the same period of 2020[23]. - Total operating costs for the first three quarters of 2021 were CNY 555,529,620.93, compared to CNY 648,690,654.52 in 2020, reflecting a decrease of 14.36%[23]. - Net profit for the third quarter of 2021 was CNY 9,184,042.66, a significant recovery from a net loss of CNY 8,636,607.47 in the same quarter of 2020[24]. - The company reported a gross profit margin of approximately 0.27% for the first three quarters of 2021, compared to a margin of 0.20% in the same period of 2020[23]. - Basic and diluted earnings per share for the third quarter of 2021 were both CNY 0.046, compared to a loss per share of CNY 0.046 in the same quarter of 2020[25]. - The company reported an investment income of CNY 5,890,953.18 for the third quarter of 2021, a recovery from a loss of CNY 6,786,191.53 in the same quarter of 2020[24]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was negative at -¥5,929,461.37, reflecting a decrease of 114.16%[3]. - As of September 30, 2021, the company's total current assets amounted to RMB 474.582 million, showing a slight decrease from RMB 474.796 million at the end of 2020[19]. - The ending cash and cash equivalents balance decreased to 89,600,683.01 from 109,894,284.95, a decline of approximately 18.4% year-over-year[27]. - The company received tax refunds of 93,595,558.41 in the first three quarters of 2021, compared to 71,353,781.68 in the same period of 2020, reflecting an increase of about 31.2%[26]. - The company reported cash received from sales and services of 933,331,466.87, which is an increase from 912,613,199.94 in the first three quarters of 2020, indicating a growth of approximately 2.4%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 27,220, with 19,930 A-share shareholders and 7,290 B-share shareholders[10]. - The largest shareholder, Chongqing Light Textile Holdings Group Co., Ltd., holds 25.95% of the shares[9]. - Shareholders' equity attributable to the company increased by 2.15% to ¥435,878,323.69 compared to the end of the previous year[4]. - The company’s equity attributable to shareholders was CNY 435,878,323.69, an increase from CNY 426,690,529.97 in the previous year[21]. Investments and Developments - The company has established a fund with an investment of RMB 50 million for specialized investments in Hujiang Education, with ongoing legal proceedings regarding arbitration awards[14][15]. - The company is in the process of publicly transferring 100% equity of Shanghai Yimaotiao Textile Chongqing Co., with an initial valuation of RMB 24.9324 million, which was later adjusted to RMB 22.4392 million due to lack of interested buyers[11][12]. - Shanghai Yindun Electronic Information Technology Co. is undergoing liquidation due to underperformance and increased operational losses in 2020[12][13]. - The company has successfully transferred 10% equity of Shanghai Shuo Feng International Travel Agency for RMB 2 million, with all transaction procedures completed by September 30, 2021[15][16]. - The company has not disclosed any new product developments or market expansion strategies in this report[3]. - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[24]. Audit and Compliance - The company has changed its auditing firm to Zhongxinghua Certified Public Accountants, with an audit fee of RMB 1.08 million for the 2021 fiscal year[17].