启迪环境(000826) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,030,769,972.48, a decrease of 7.55% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥269,059,029.64, representing a significant decline of 661.58% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥218,620,923.90, a decrease of 3,412.69% compared to the previous year[3]. - Operating profit decreased by 934.59% year-on-year, attributed to the comprehensive review of existing assets and projects, leading to strategic exits and impairment provisions[9]. - Total profit decreased by 943.52% compared to the same period last year, mainly due to the strategic exit from certain projects and the impairment provision for related assets[9]. - Net profit decreased by 1296.85% year-on-year, primarily due to the strategic exit from certain projects and the impairment provision for related assets[9]. - Net profit for the current period is a loss of ¥4,218,361,200.13, compared to a profit of ¥352,454,336.11 in the previous period, representing a significant decline[21]. - The company reported an operating profit loss of ¥4,111,367,679.02, compared to a profit of ¥492,619,069.77 in the previous period[21]. - Basic and diluted earnings per share for the current period is -¥2.964, down from ¥0.119 in the previous period[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥35,493,044,177.83, down 16.24% from the end of the previous year[3]. - The total assets of Tsinghua Tongfang Co., Ltd. amounted to CNY 35.49 billion, a decrease from CNY 42.37 billion at the end of 2020, representing a decline of approximately 16.4%[15]. - The company's current assets totaled CNY 11.80 billion, compared to CNY 11.08 billion at the end of 2020, indicating an increase of about 6.4%[16]. - The total liabilities decreased from CNY 26.91 billion to CNY 23.37 billion, a reduction of approximately 13.5%[17]. - The company's equity attributable to shareholders decreased from CNY 13.42 billion to CNY 9.41 billion, a decline of about 30.1%[18]. Cash Flow - The company's cash flow from operating activities was ¥202,951,290.84, an increase of 14.97% year-to-date[3]. - Cash inflow from operating activities totaled ¥5,573,408,311.93, a decrease from ¥5,978,472,715.39 in the previous period[23]. - The net cash flow from operating activities for Q3 2021 was CNY 202,951,290.84, an increase of 14.9% compared to CNY 176,519,726.98 in Q3 2020[24]. - The total cash inflow from investment activities was CNY 1,007,901,974.61, significantly higher than CNY 57,179,942.61 in the same period last year[24]. - The net cash flow from investment activities was CNY 52,198,941.73, recovering from a negative cash flow of CNY -1,747,702,208.49 in Q3 2020[24]. - The total cash inflow from financing activities was CNY 5,955,375,103.64, down from CNY 10,029,747,208.56 in Q3 2020[24]. - The net cash flow from financing activities was CNY -141,185,970.21, a decrease compared to CNY 603,456,457.43 in the previous year[24]. - The cash and cash equivalents at the end of Q3 2021 amounted to CNY 664,304,441.04, compared to CNY 1,174,382,995.53 at the end of Q3 2020[24]. - The company reported a total cash outflow from financing activities of CNY 6,096,561,073.85, down from CNY 9,426,290,751.13 in the same quarter last year[24]. - The cash flow from operating activities decreased from CNY 5,801,952,988.41 in Q3 2020 to CNY 5,370,457,021.09 in Q3 2021[24]. Expenses - Research and development expenses increased by 104.49% year-on-year, attributed to optimized project structure and increased material consumption and personnel costs[8]. - The company experienced a 35.68% increase in management expenses year-on-year, largely due to pandemic-related impacts and increased severance costs during mergers[8]. - Total operating costs increased to ¥6,566,575,914.51, up 9.3% from ¥6,006,679,105.52 in the previous period[19]. - The company experienced a significant increase in management expenses, which rose to ¥772,753,866.05 from ¥569,556,165.62 in the previous period[19]. - Other income decreased to ¥60,854,312.62 from ¥94,699,690.28 in the previous period, reflecting challenges in generating additional revenue streams[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,745[11]. - The largest shareholder, Tsinghua Technology Service Co., Ltd., holds 16.56% of the shares, totaling 236,947,592 shares[12]. Strategic Developments - The company has ongoing litigation and regulatory scrutiny, including a warning letter from the China Securities Regulatory Commission[16]. - The company is involved in a major asset restructuring plan with Chengfa Environment Co., Ltd., which includes a share swap and fundraising[16]. - The company is actively pursuing new strategies, including the repurchase of minority interests in subsidiaries and changes to its employee stock ownership plan[16]. Impairment and Losses - The company reported a 3474.02% increase in credit impairment losses compared to the previous year, primarily due to increased receivables impairment losses[8]. - The total assets impairment loss increased by 100% compared to the same period last year, primarily due to the company's strategic exit from certain projects and the impairment provision for related assets[9]. - The company reported a net loss of CNY 852.66 million in retained earnings, compared to a profit of CNY 3.37 billion in the previous year[18]. Audit and Compliance - The company did not undergo an audit for the Q3 2021 report[26]. - The company has not applied the new leasing standards for the financial statements[25].