UTour (SZ:002707)2021-10-25 16:00Financial Performance - Total revenue for Q3 2021 was CNY 183,042,609.45, an increase of 43.04% year-over-year, but a decline of 64.64% year-to-date [3]. - Net loss attributable to shareholders for Q3 2021 was CNY -82,492,964.57, a decrease of 39.47% year-over-year, with a year-to-date loss of CNY -205,412,254.83, which is a 34.29% increase [3]. - Basic earnings per share for Q3 2021 was CNY -0.0910, a 41.85% improvement year-over-year, while year-to-date it was CNY -0.227, a 36.94% increase [3]. - The company reported a decrease in other receivables to CNY 167,624,039.57 from CNY 200,169,233.88 compared to the previous year [19]. - The company reported a basic loss per share of CNY -0.227, an improvement from CNY -0.360 in the same quarter last year [32]. - Net loss for the third quarter was CNY 237,849,441.03, compared to a net loss of CNY 377,751,400.87 in the previous year, representing a 37.1% improvement [29]. Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 2,657,886,583.50, down 20.84% from the end of the previous year [3]. - The total liabilities decreased to CNY 2,210,854,169.25 from CNY 2,649,561,944.68, a reduction of 16.6% [25]. - The total current liabilities were CNY 580,404,478.85, down from CNY 887,133,412.80 at the end of 2020 [19]. - Total liabilities were approximately $2.65 billion, a decrease from $2.76 billion, representing a reduction of about 4.0% [45]. - Owner's equity totaled approximately $707.88 million, consistent with the previous period [45]. Cash Flow - Cash flow from operating activities was CNY -213,106,411.47, a significant decline of 269.87% year-over-year [7]. - The net cash flow from operating activities was -213,106,411.47, a significant decrease compared to 125,452,092.54 in the previous period, indicating a decline in operational performance [36]. - Cash inflow from operating activities totaled 674,996,727.98, down 50.16% from 1,353,239,594.22 in the prior period [36]. - Cash outflow from operating activities reached 888,103,139.45, a decrease of 27.6% compared to 1,227,787,501.68 in the previous period [36]. - Financing activities resulted in a net cash flow of -357,566,570.24, worsening from -94,467,882.81 in the prior period, indicating higher debt repayments [36]. Investments and Equity - Long-term equity investments increased by 111.68% to CNY 106,341,067.97, attributed to investments in Hangzhou Axin [7]. - The company’s long-term equity investments increased to CNY 106,341,067.97 from CNY 50,237,211.12 year-over-year [19]. - The company repurchased a total of 22,008,826 shares as of September 30, 2021 [14]. - The company approved a plan to reduce repurchased shares by up to 18,126,589 shares, not exceeding 2% of the total share capital [15]. Operational Insights - The company plans to merge with Caesar Tongsheng Development Co., Ltd. through a share exchange, pending due diligence and valuation completion [15]. - The company plans to focus on market expansion and new product development to recover from the current financial downturn [28]. - Research and development expenses for the quarter were CNY 95,210,323.80, an increase from CNY 78,823,286.80 year-over-year, indicating a commitment to innovation [26]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational efficiency [28]. Other Financial Metrics - The company reported a 54.36% decrease in cash and cash equivalents, totaling CNY 480,605,441.88, primarily due to payments to suppliers and bank loans [7]. - The company's cash and cash equivalents decreased to CNY 480,605,441.88 from CNY 1,053,033,532.98 year-over-year [16]. - The total cash and cash equivalents at the end of the period were 437,300,021.83, down from 1,002,342,669.35 in the previous period [39].