VTRON(SZ:002308)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥207,283,214.31, a decrease of 5.54% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥15,514,141.94, an increase of 218.89% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,076,147.01, up 141.23% compared to the same period last year[3]. - Total operating revenue for the current period reached ¥491,624,550.37, an increase of 12.78% compared to ¥435,911,729.68 in the previous period[20]. - Operating profit for the current period was ¥33,373,506.02, down 87.58% from ¥268,782,832.20 in the previous period[21]. - Net profit decreased significantly to ¥23,990,189.75 from ¥262,509,217.22, a decline of 91.86%[21]. - The company reported a total comprehensive income of ¥22,469,734.42, significantly lower than ¥262,450,542.83 in the previous period[22]. - Basic and diluted earnings per share were both ¥0.03, down from ¥0.29 in the previous period[22]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥2,747,749.90, an increase of 101.99%[3]. - Cash flow from operating activities generated a net amount of ¥2,747,749.90, recovering from a negative cash flow of ¥138,181,729.19 in the previous period[25]. - Cash and cash equivalents decreased by 47.48% to ¥737,855,831.58 due to funds being used for financial investments[8]. - Cash and cash equivalents at the end of the period totaled ¥733,538,896.31, down from ¥1,299,383,043.04 at the end of the previous period[26]. - Total assets at the end of Q3 2021 were ¥2,757,369,423.28, representing a 5.18% increase from the end of the previous year[3]. - As of September 30, 2021, the total assets of Weichuang Group amounted to approximately CNY 2.76 billion, an increase from CNY 2.62 billion at the end of 2020, representing a growth of about 5.2%[17]. Liabilities and Equity - The total current liabilities decreased to CNY 199.26 million from CNY 265.10 million, a reduction of about 25%[17]. - The total liabilities increased to CNY 414.47 million from CNY 280.03 million, marking an increase of approximately 48%[17]. - The total owner's equity slightly increased to CNY 2.34 billion from CNY 2.34 billion, showing a marginal growth of about 0.1%[18]. - The company reported a net loss of CNY 152.80 million in retained earnings, an improvement from a loss of CNY 177.19 million at the end of 2020[18]. Expenses and Investments - The company's management expenses decreased by 36.23% to ¥84,673,117.35, attributed to changes in the scope of consolidated financial statements and personnel optimization[10]. - Research and development expenses were ¥55,751,752.55, a decrease of 17.06% from ¥67,252,492.59[20]. - Sales expenses decreased to ¥72,657,966.94 from ¥83,449,013.19, a reduction of 13.25%[20]. - Investment income increased by 30.18% to ¥14,473,983.01, mainly due to increased financial investment income[10]. - The long-term equity investments increased to CNY 383.22 million from CNY 351.83 million, reflecting a growth of approximately 8.9%[16]. Goodwill and Impairment - The goodwill decreased to CNY 158.51 million from CNY 184.29 million, indicating a reduction of about 13.9%[16]. - The company anticipates potential impairment losses on goodwill and long-term equity investments due to regulatory changes affecting its children's growth platform business[14]. - The company plans to conduct impairment testing at year-end to assess the impact on its financial results[14]. Other Information - The company's weighted average return on equity was 0.66%, down 1.17% year-on-year[3]. - The company had a total of 39,485 common shareholders at the end of the reporting period[11]. - The third quarter report was not audited[28]. - The company implemented the new leasing standards starting January 1, 2021, with no need for adjustments to the beginning balance sheet items[27].