SHANGGONG GROUP(SH:900924)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥755,017,257.26, a decrease of 8.39% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥6,805,744.98, down 66.33% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.0073, reflecting an 80.59% decline compared to the previous year[6] - Total operating revenue for the first three quarters of 2021 was CNY 2,259,916,709.40, a decrease from CNY 2,274,355,265.69 in the same period of 2020[19] - Net profit for the first three quarters of 2021 reached CNY 101,672,983.55, compared to CNY 62,287,089.26 in the previous year, representing a significant increase[20] - Earnings per share for the first three quarters of 2021 was CNY 0.1555, up from CNY 0.0749 in the same period of 2020[21] - The company reported a total comprehensive income of CNY 67,068,395.93 for the third quarter of 2021, compared to CNY 63,273,600.34 in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,586,828,517.35, an increase of 19.46% from the end of the previous year[6] - The company's current assets totaled RMB 3,580,954,839.29, up from RMB 2,870,133,883.36, indicating an increase of about 24.7% year-over-year[15] - The total liabilities increased to RMB 3,580,954,839.29, reflecting a rise in financial obligations[16] - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 2,188,648,929.25, an increase from CNY 2,022,679,924.06 at the end of the previous year[19] - The company's long-term equity investments grew to RMB 585,657,566.78 from RMB 284,441,713.05, representing a significant increase of about 106.9%[16] - The company's total non-current liabilities were CNY 482,835,342.41, a decrease from CNY 524,271,317.16 year-over-year[19] Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥35,145,181.77, a decline of 119.75% compared to the previous year[5] - Operating cash inflow for the first three quarters of 2021 was CNY 2,469,766,958.13, a decrease of 4.5% compared to CNY 2,586,110,356.09 in the same period of 2020[23] - Net cash flow from operating activities was negative CNY 35,145,181.77, compared to a positive CNY 177,963,783.84 in the previous year[24] - Cash inflow from investment activities totaled CNY 422,750,842.24, down 55.2% from CNY 942,210,177.18 in 2020[24] - Cash inflow from financing activities was CNY 1,322,204,155.78, an increase from CNY 643,025,896.90 in 2020[24] - The ending cash and cash equivalents balance was CNY 767,173,139.33, compared to CNY 732,977,108.51 at the end of the previous year[25] Shareholder Information - The company had a total of 46,935 common shareholders at the end of the reporting period[10] - The company reported a total of 46,935 shareholders, with 22,385 holding A shares and 24,550 holding B shares[12] - The company issued 164,576,880 new shares at a price of RMB 4.95 per share, raising a total of RMB 814,655,556, which will enhance its capital structure[12] - The company has a lock-up period of 6 months for the newly issued shares, which are subject to limited circulation[12] Financial Ratios - The weighted average return on equity for Q3 2021 was 0.1495%, a decrease of 0.72 percentage points year-on-year[6] - The diluted earnings per share for the year-to-date was ¥0.1555, up 107.61% compared to the same period last year[6] - The company's financial expenses decreased to CNY 17,777,451.96 in the first three quarters of 2021 from CNY 26,797,871.94 in the same period of 2020[19] Changes in Accounting Standards - The company adopted a new leasing standard effective January 1, 2021, adjusting the cumulative impact on retained earnings and related financial statement items[29] - The company did not adjust comparative financial statements due to the new leasing standard implementation[29]