ZBJT(SZ:000759)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥3,003,255,899.31, a decrease of 4.89% compared to the same period last year[3] - The net profit attributable to shareholders was -¥32,439,861.96, representing a decline of 123.21% year-on-year[3] - The basic earnings per share were -¥0.049, down 123.00% from the previous year[3] - Total operating revenue for Q3 2021 was CNY 9,337,681,836.78, a decrease of 8.7% compared to CNY 10,226,986,853.04 in the same period last year[17] - The company's net profit attributable to shareholders decreased to CNY 1,113,486,033.95 from CNY 1,171,006,056.40, a decline of 4.9%[14] - The net profit for the third quarter of 2021 was -17,131,881.69 CNY, compared to a net profit of 85,794,889.05 CNY in the same period last year, indicating a significant decline[18] - Operating profit for the third quarter was 12,055,203.32 CNY, down from 113,565,547.42 CNY year-over-year[18] - The company's total comprehensive income attributable to the parent company was -24,718,548.15 CNY, compared to 67,217,978.08 CNY in the same period last year[18] Assets and Liabilities - Total assets increased by 31.18% compared to the end of the previous year, reaching ¥12,537,008,186.81[5] - Total assets reached CNY 12,537,008,186.81, a significant increase from CNY 9,557,286,957.60 at the end of 2020, marking a growth of 31%[15] - Total liabilities amounted to CNY 9,398,624,385.64, up from CNY 6,093,103,807.60, reflecting an increase of 54.5%[14] - Current liabilities totaled CNY 6,038,458,555.91, with short-term borrowings at CNY 995,000,000.00 and accounts payable at CNY 2,229,005,246.45[23] - Total liabilities reached CNY 6,093,103,807.60, while non-current liabilities were CNY 54,645,251.69[24] - Shareholders' equity stood at CNY 3,464,183,150.00, with retained earnings of CNY 1,171,006,056.40[24] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥1,057,979,696.52, an increase of 26.24%[3] - Cash flow from operating activities generated a net amount of 1,057,979,696.52 CNY, an increase from 838,049,536.75 CNY in the previous year[19] - The company reported a cash and cash equivalents balance of 1,912,617,906.74 CNY at the end of the period, up from 1,791,759,237.29 CNY year-over-year[20] - The company's cash and cash equivalents increased to CNY 1,935,849,733.04 as of September 30, 2021, compared to CNY 1,364,781,128.94 at the end of 2020, representing a growth of 42%[11] - The net cash flow from investing activities was -409,773,995.80 CNY, worsening from -193,496,781.91 CNY year-over-year[20] Operational Efficiency and Strategy - The company plans to enhance its operational efficiency and address industry competition through asset restructuring over the next three years[10] - The company is facing challenges due to industry environment, new leasing standards, and the recurring pandemic, impacting its profitability[5] - The company is implementing new leasing standards, which may impact future financial reporting and asset management strategies[24] Research and Development - Research and development expenses increased to CNY 8,904,327.59, compared to CNY 970,468.13 in the previous year, indicating a significant investment in innovation[17] Inventory and Receivables - Accounts receivable rose to CNY 198,248,547.44, up from CNY 121,900,109.64, indicating an increase of 62.6% year-over-year[11] - Inventory decreased to CNY 1,521,949,752.63 from CNY 1,764,838,451.64, showing a decline of 13.8%[11] - The company reported inventory of CNY 1,764,838,451.64, indicating a significant asset base[22] Non-Operating Expenses - The company incurred a total of 5,717,681.19 CNY in non-operating expenses during the quarter, compared to 13,763,121.62 CNY in the previous year[18] Audit and Stakeholder Confidence - The company has not undergone an audit for the third quarter report, which may affect stakeholder confidence[24] - The report indicates a significant increase in total liabilities compared to previous periods, suggesting potential leverage concerns[24]