SMS(SZ:002857)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥34,910,892.28, a decrease of 49.90% compared to the same period last year[3] - The net profit attributable to shareholders was ¥234,918.81, down 96.62% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥103,010.95, a decline of 98.28%[3] - The total operating revenue for the current period is ¥81,702,336.89, compared to ¥115,442,782.86 in the previous period[15] - Operating profit for Q3 2021 was CNY -1,238,292.41, compared to CNY 8,154,519.38 in Q3 2020, indicating a significant decline[16] - Net profit for Q3 2021 was CNY 72,643.16, down from CNY 9,795,373.50 in Q3 2020, reflecting a decrease of approximately 99.26%[17] - Total operating costs for Q3 2021 were CNY 87,845,523.24, a decrease from CNY 111,731,902.41 in Q3 2020, representing a reduction of approximately 21.4%[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥611,634,798.15, representing a decrease of 3.98% from the end of the previous year[3] - The company's total current assets as of September 30, 2021, amount to ¥481,612,598.98, a decrease from ¥515,140,034.68 at the end of 2020[11] - The total liabilities decreased to ¥116,689,136.56 from ¥142,137,390.45 at the end of 2020[13] - The total assets as of September 30, 2021, are ¥611,634,798.15, down from ¥637,010,408.88 at the end of 2020[13] Cash Flow - The cash flow from operating activities showed a net outflow of ¥3,683,262.44, a decline of 126.55% compared to the previous period[7] - Cash flow from operating activities for Q3 2021 was CNY -3,683,262.44, compared to CNY 13,873,409.51 in Q3 2020, showing a negative shift[20] - Cash flow from investing activities for Q3 2021 was CNY -6,937,883.72, an improvement from CNY -20,239,274.03 in Q3 2020[21] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 189,003,255.40, compared to CNY 138,868,616.41 at the end of Q3 2020, indicating an increase of approximately 36.1%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,388[9] - The largest shareholder, Yu Wenbiao, holds 9.36% of shares, totaling 11,974,674 shares, with 5,000,000 shares pledged[9] - The company has a total equity attributable to shareholders of the parent company amounting to ¥494,945,661.59[13] Expenses and Provisions - Accounts receivable decreased by 36.66% to ¥86,254,177.93, primarily due to reduced revenue recognition during the reporting period[7] - Inventory increased by 102.76% to ¥83,434,178.51, attributed to increased stock for contract fulfillment[7] - The company reported a significant increase in credit impairment losses, rising by 2821.23% to ¥2,293,352.94, due to increased provisions for bad debts[7] - The management expenses rose by 68.45% to ¥8,289,743.45, indicating higher operational costs during the period[7] - Research and development expenses for Q3 2021 were CNY 10,825,552.26, slightly down from CNY 10,929,942.71 in Q3 2020[16] Government Support - The company received government subsidies amounting to ¥380,000.00 during the reporting period, which contributed to its financial performance[5] Other Information - The company did not conduct any dividend distribution during the reporting period, resulting in a net cash inflow from financing activities of ¥879,299.58, a 109.36% increase[7] - The company has not reported any preferred shareholders or significant new strategies in the current quarter[10] - The third quarter report of Zhengzhou Sanhui Electric Co., Ltd. has not been audited[25] - The new lease accounting standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[24] - The board of directors meeting was held on October 29, 2021[25]