JJIT(SH:900929)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥53,886,861.23, a decrease of 37.21% compared to the same period last year, and a total revenue of ¥108,610,204.74 for the year-to-date, down 51.96% year-on-year[5]. - The net profit attributable to shareholders was -¥19,119,018.20 for the quarter, with a year-to-date net profit of -¥14,383,313.02, indicating significant losses due to reduced operating income[5]. - The basic earnings per share for the quarter was -¥0.1442, compared to -¥0.1085 for the same period last year[6]. - The weighted average return on equity decreased to -2.50%, down 1.35 percentage points from the previous year[6]. - Operating revenue for the period from January 1 to September 30, 2022, was CNY 108,610,204.74, a decrease of 51.96% compared to CNY 226,062,031.85 in the same period of 2021, primarily due to the impact of the pandemic on tourism operations[16]. - The net profit for the first three quarters of 2022 was a loss of CNY 18.12 million, compared to a profit of CNY 2.51 million in the same period of 2021, marking a significant decline[32]. - The total comprehensive income for the first three quarters of 2022 was CNY -15.40 million, compared to CNY -2.14 million in the same period of 2021[33]. Cash Flow and Assets - The company's cash flow from operating activities was -¥58,420,102.86 year-to-date, reflecting a significant cash outflow[5]. - Net cash flow from operating activities was CNY -58,420,102.86, a decrease of CNY 33,184,695.61 compared to CNY -25,235,407.25 in the previous year, mainly due to reduced cash received from sales of goods and services[18]. - Cash received from sales of goods and services in the first three quarters of 2022 was CNY 107.74 million, down from CNY 237.61 million in 2021, reflecting a decrease of approximately 54.7%[35]. - The total assets at the end of the quarter were ¥1,009,526,496.22, a decrease of 2.17% from the end of the previous year[6]. - As of September 30, 2022, the total assets of Shanghai Jinjiang International Tourism Co., Ltd. amounted to CNY 1,009,526,496.22, a decrease from CNY 1,031,909,388.05 at the end of 2021[28]. - The company's current assets totaled CNY 258,273,984.59, down from CNY 274,615,673.73 in the previous year[27]. - Cash and cash equivalents were reported at CNY 172,309,617.81, compared to CNY 193,150,787.52 at the end of 2021[27]. - The ending balance of cash and cash equivalents as of Q3 2022 was 166,889,617.81, down from 201,514,310.16 in Q3 2021[37]. Tourism Revenue Impact - The revenue from outbound tourism dropped by 94.04% to ¥29,730.00, while inbound tourism revenue fell by 99.63% to ¥3,528.00, primarily due to the impact of the pandemic[8]. - The revenue from domestic tourism decreased by 68.31% to ¥18,591,817.81, contributing to the overall decline in business performance[8]. - Operating costs for the same period were CNY 89,329,856.38, down 50.71% from CNY 181,220,090.67 year-on-year, also attributed to the pandemic's effect on tourism[16]. Government Support and Other Income - The company reported a government subsidy of ¥174,828.53 for the quarter, totaling ¥1,256,120.20 year-to-date, which is crucial for mitigating losses[7]. - Other income decreased by 67.31% to CNY 1,248,245.74 from CNY 3,817,856.65 year-on-year, mainly due to a reduction in government subsidies included in "other income"[16]. Liabilities and Equity - Total liabilities stood at CNY 272,986,168.22, slightly down from CNY 279,310,036.21 in the previous year[29]. - The company's equity attributable to shareholders was CNY 743,599,816.95, a decrease from CNY 755,921,483.20 at the end of 2021[29]. - The company reported a decrease in total current liabilities to CNY 196,721,995.05 from CNY 202,046,089.43[29]. Miscellaneous - The company has not disclosed any significant new product developments or market expansion strategies in the current report[26]. - The company incurred sales expenses of CNY 46.32 million in the first three quarters of 2022, down from CNY 51.53 million in 2021, reflecting a decrease of approximately 10.4%[31].