YINYI(SZ:000981)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥845,082,019.56, a decrease of 36.22% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥258,690,995.15, representing a decline of 2,135.01% year-over-year[7]. - The net profit after deducting non-recurring gains and losses was -¥255,551,602.28, down 507.13% from the previous year[7]. - The company experienced a 52.36% decrease in revenue for the year-to-date period, totaling ¥2,988,990,240.10[7]. - Total operating revenue for the current period is $2,988,990,240.10, a decrease of 52.3% from $6,273,586,205.74 in the previous period[41]. - Net profit for the current period is a loss of $676,771,668.09, compared to a profit of $61,209,936.08 in the previous period[44]. - The total comprehensive income for the current period is a loss of $933,858,081.43, compared to a gain of $157,344,112.14 in the previous period[44]. - Basic and diluted earnings per share for the current period are both -0.1629, compared to 0.0088 in the previous period[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥22,163,731,136.17, an increase of 0.09% compared to the end of the previous year[9]. - The company's total assets stood at ¥22,163,731,136.17, compared to ¥22,144,740,046.30 at the end of 2020, reflecting a slight increase of approximately 0.1%[38]. - The total liabilities increased to ¥16,816,359,221.22 from ¥16,018,775,208.29, marking an increase of about 4.9%[38]. - The company's equity attributable to shareholders decreased to ¥4,452,154,769.19 from ¥5,350,588,969.03, a decline of approximately 16.7%[38]. - Current liabilities totaled 13,967,419,778.69, reflecting the company's short-term financial obligations[57]. - Long-term borrowings were reported at 761,843,805.34, indicating the company's long-term debt position[57]. Cash Flow - The company reported a net cash flow from operating activities of -¥266,802,441.33, a decline of 229.30% year-over-year[7]. - Net cash flow from operating activities decreased to -$266.8 million from $206.3 million year-over-year[50]. - Total cash inflow from operating activities was $3.36 billion, down from $4.25 billion[50]. - Cash outflow from operating activities totaled $3.63 billion, compared to $4.04 billion last year[50]. - Net cash flow from investing activities was -$314.3 million, worsening from -$118.5 million year-over-year[50]. - Cash inflow from financing activities was $780.3 million, down from $947.7 million[50]. - Cash outflow from financing activities decreased to $580.4 million from $791.5 million[50]. - The ending cash and cash equivalents balance was $502.0 million, down from $1.02 billion[50]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,570[16]. - The largest shareholder, Ningbo Shengzhou Investment Co., Ltd., holds 22.91% of shares, totaling 922,611,132 shares, which are all pledged[20]. - The second largest shareholder, Ningbo Yinyi Holdings Co., Ltd., holds 18.55% of shares, totaling 747,383,347 shares, which are also pledged[20]. Restructuring and Debt Management - The company entered a restructuring process on June 23, 2020, after the Ningbo Intermediate People's Court accepted its application[24]. - As of the announcement date, the restructuring investor has paid a total of RMB 1.9 billion, including a performance bond of RMB 153 million, with remaining payments still outstanding[25]. - The company is facing the risk of terminating the restructuring investment agreement due to the investor's serious default[26]. - The company has signed multiple agreements to transfer equity in Shanxi Kaineng Mining Co., Ltd. to offset debts owed by Yinyi Holdings and its affiliates, totaling RMB 929.65 million[28]. - The company plans to extend the deadline for Yinyi Holdings to repay the remaining debts from September 30, 2021, to March 31, 2022[30]. Research and Development - Research and development expenses increased by 166.06% to ¥13,883,000 compared to the same period last year[14]. - Research and development expenses increased to $138,828,862.08, up 165.0% from $52,181,627.66 in the previous period[41]. Employee Compensation - The company reported a significant increase in employee compensation payments, rising to $1.24 billion from $918.9 million[50].