SEPTWOLVES(SZ:002029)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was ¥841,835,852.41, representing a 2.55% increase year-over-year, while year-to-date revenue reached ¥2,383,690,882.17, up 9.60% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥5,906,077.93, a significant decrease of 83.38% year-over-year, but year-to-date net profit increased by 48.21% to ¥88,608,332.95[3]. - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥1,682,756.97, a substantial increase of 206.78% year-over-year, with year-to-date figures showing a remarkable growth of 4,186.07% to ¥83,817,493.01[3]. - Total profit increased by 99.37% to CNY 134,954,816.47 due to effective control of domestic pandemic and normal operations of shopping centers[10]. - Net profit for the current period was ¥122,133,798.25, compared to ¥74,754,153.65 in the previous period, representing a growth of 63.5%[26]. - Basic earnings per share increased to ¥0.12 from ¥0.08, indicating a 50% rise[27]. Assets and Liabilities - The company's total assets as of the end of Q3 2021 were ¥10,225,520,021.37, reflecting a 10.13% increase from the end of the previous year[3]. - As of September 30, 2021, the company's total assets amounted to approximately RMB 10.23 billion, an increase from RMB 9.28 billion at the end of 2020[22]. - The company's total liabilities reached approximately RMB 4.24 billion as of September 30, 2021, up from RMB 3.24 billion at the end of 2020[23]. - The company's total equity attributable to shareholders was approximately RMB 5.86 billion as of September 30, 2021, a decrease from RMB 5.99 billion at the end of 2020[23]. Cash Flow - The company’s cash flow from operating activities for the year-to-date period was ¥107,930,946.98, showing a substantial increase of 213.55%[3]. - Net cash flow from operating activities improved by 213.55% to CNY 107,930,946.98, driven by increased sales revenue[10]. - The net cash flow from investing activities decreased by 659.26% to CNY -1,024,868,466.93 due to increased fixed deposit investments[10]. - The net cash flow from financing activities generated a net cash flow of CNY 669,269,806.04, a 642.89% increase, attributed to higher bill discounting[10]. - The company recorded a net decrease in cash and cash equivalents of CNY -247,712,979.20, primarily due to substantial fixed deposit investments[10]. Research and Development - The company reported a significant increase in research and development expenses, which rose by 33.68% to ¥57,277,937.13 compared to the previous year[8]. - Research and development expenses rose to ¥57,277,937.13, up from ¥42,845,938.70, reflecting a growth of 33.6%[26]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥13,354,327.07 during the year-to-date period, which are closely related to its normal business operations[5]. - Government subsidies contributed to other income, which rose by 59.32% to CNY 17,880,472.56[10]. Share Repurchase and Investments - The company announced a share repurchase plan with a total amount between RMB 150 million and RMB 300 million, aiming to buy back approximately 46,153,800 shares, representing 6.11% of the total share capital[17]. - As of June 28, 2021, the company repurchased a total of 50,646,463 shares, accounting for 6.70% of the total share capital, with a total expenditure of approximately RMB 290.86 million[18]. - The company plans to invest CNY 32,040,000 in the Karl Lagerfeld project, acquiring 80.1% equity in KLGC[15]. Accounting Changes - The company has implemented new leasing standards affecting the financial statements, indicating a shift in accounting practices[31]. - The implementation of the new leasing standard resulted in the recognition of right-of-use assets amounting to $53,451,893.73[35]. - Lease liabilities were recognized at $28,963,881.58 following the new leasing standard[35]. Miscellaneous - The third quarter report for the company was not audited[36].