CBC(SZ:200017)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 29,113,392.89, a decrease of 27.61% compared to the same period last year[1] - Net profit attributable to shareholders was CNY 575,788.96, down 76.65% year-on-year[1] - The net profit after deducting non-recurring gains and losses was CNY 326,846.26, a decline of 86.26% compared to the previous year[1] - Basic earnings per share were CNY 0.001, down 77.78% year-on-year[1] - Net profit for Q3 2021 was CNY 2,202,660.68, a decrease from CNY 6,030,862.82 in the same period last year[15] - The company reported a total comprehensive income of CNY 2,202,660.68 for Q3 2021, down from CNY 6,030,862.82 in the same period last year[15] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -5,824,421.10, representing a decrease of 281.09% year-to-date[1] - The net cash flow from operating activities was negative CNY 5,824,421.10, compared to a positive CNY 3,216,397.73 in the previous year[17] - The net cash inflow from investment activities amounted to 64,500.00, while the cash outflow was 5,957.99, resulting in a net cash flow of -5,957.99 from investment activities[18] - The net cash inflow from financing activities was 9,825,000.00, entirely from minority shareholders' investments[18] - The net increase in cash and cash equivalents was -5,830,379.09, with a beginning balance of 19,887,978.05, leading to an ending balance of 14,057,598.96[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 95,740,667.64, an increase of 4.36% from the end of the previous year[1] - Current assets totaled CNY 90,292,190.42, up from CNY 86,757,465.88, indicating a growth of about 6%[11] - Total liabilities increased, with accounts payable rising to CNY 12,888,008.62 from CNY 9,606,144.94, an increase of approximately 34%[11] - Total liabilities as of Q3 2021 were CNY 67,895,717.28, compared to CNY 66,100,480.31 in the previous year[12] - The company reported a total non-current asset value of CNY 5,448,477.22, up from CNY 4,985,304.11, reflecting an increase of about 9.3%[11] Equity and Shareholder Information - The company's equity attributable to shareholders increased by 17.80% to CNY 12,846,513.28 compared to the previous year[1] - Total equity attributable to shareholders was CNY 12,846,513.28, an increase from CNY 10,905,230.98 year-over-year[12] Expenses - Research and development expenses rose by 201.61% to CNY 3,373,918.21, driven by increased spending in the jewelry and gold business[4] - Sales expenses decreased by 42.60% to CNY 1,386,181.37, attributed to lower costs in the jewelry and gold business[4] - Total operating costs for Q3 2021 were CNY 82,925,156.41, up from CNY 77,676,054.36 year-over-year[14] Other Significant Events - The company plans to raise up to CNY 29,360,000 through a non-public offering of A-shares to supplement working capital, which may lead to a change in control[8] - The company terminated the cooperation contract for the "Zhonghua Garden Phase II Urban Renewal Project" due to regulatory changes, which introduced significant uncertainty[8] - The company has not yet received formal approval from the China Securities Regulatory Commission for the non-public offering, pending further announcements[8] - The company has not undergone an audit for the third quarter report[20] - The report does not apply to the new leasing standards for the current year[19]