Net263(SZ:002467)2021-10-28 16:00Financial Performance - Revenue for Q3 2021 was CNY 216,481,827.72, a decrease of 12.21% year-over-year[9] - Net profit attributable to shareholders was CNY 35,260,325.67, down 86.68% compared to the same period last year[9] - Basic earnings per share decreased by 90.00% to CNY 0.02[9] - Total operating revenue for the period was CNY 670,885,756.52, a decrease of 8.8% compared to CNY 735,312,680.28 in the previous period[34] - Net profit for the period was ¥91,078,739.56, a significant decrease from ¥399,236,295.07, reflecting a decline of about 77%[36] - Basic and diluted earnings per share dropped to ¥0.06 from ¥0.30, indicating an 80% decrease[40] - The company reported a total profit of ¥16,265,134.89, down from ¥489,318,302.27, reflecting a decline of about 97%[36] Cash Flow and Liquidity - Net cash flow from operating activities for the year-to-date was CNY 64,561,502.13, a decline of 51.45% year-over-year[9] - The company's cash and cash equivalents were CNY 419,025,180.24, a decrease from CNY 466,687,139.78 at the end of the previous year, indicating liquidity challenges[27] - Cash flow from operating activities generated ¥64,561,502.13, down from ¥132,975,217.38, a decline of approximately 51%[41] - Cash flow from investing activities netted ¥91,886,893.28, an increase from ¥35,657,863.91, showing a growth of about 157%[44] - The cash and cash equivalents at the end of the period were ¥412,439,886.89, slightly down from ¥424,423,553.91[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,807,688,418.98, down 4.73% from the end of the previous year[9] - The total assets decreased to CNY 2,807,688,418.98 from CNY 2,947,182,710.81, showing a decline in overall asset value[30] - Total liabilities were CNY 450,917,670.82, down from CNY 488,500,187.24, indicating improved debt management[33] - Total liabilities increased from 488,500,187.24 to 532,736,427.58, reflecting a growth of 44,236,240.34[52] - The company's equity attributable to shareholders was CNY 2,261,510,136.91, a decrease from CNY 2,368,688,927.17, reflecting a decline in retained earnings[33] - The company's equity remained stable at 2,458,682,523.57[52] Operational Challenges - The company experienced a significant decline in user acquisition in North America due to pandemic-related restrictions, impacting revenue[16] - The company noted a decrease in revenue from cloud video and conferencing services as pandemic-related demand subsided[16] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[34] Investment and R&D - The company has increased its long-term equity investments to CNY 122,796,720.33 from CNY 50,875,073.75, suggesting a strategic shift towards investment growth[30] - R&D expenses increased to ¥82,219,353.00 from ¥77,000,200.08, representing a growth of approximately 2.9% year-over-year[36] - The company recorded investment income of ¥84,687,821.59, a substantial increase from ¥9,132,451.23, representing a growth of approximately 828%[36] Other Financial Metrics - The average return on equity was 1.57%, a decrease of 9.92% compared to the previous year[9] - Non-recurring gains and losses impacted net profit by CNY 20,715,159.37, primarily due to fair value changes in equity investments[17] - The company experienced a foreign exchange loss of ¥11,305,173.49, compared to a loss of ¥7,218,163.72 in the previous period[36] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[53]