Leascend(SZ:300051)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥43,454,32.92, representing a decrease of 20.82% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was -¥4,959,46.61, showing an improvement of 4.18% year-over-year[4]. - Total operating revenue for Q3 2021 was CNY 141.84 million, a decrease of 18.3% from CNY 173.60 million in the same period last year[25]. - Net loss for Q3 2021 was CNY 8.83 million, an improvement from a net loss of CNY 13.06 million in Q3 2020[26]. - The net profit attributable to shareholders for the year-to-date period was -¥7,079,497.42, an improvement of 35.67% compared to -¥11,005,303.84 last year[10]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 492.88%, reaching ¥10,572,878.33 compared to ¥1,783,310.46 in the previous year[10]. - As of September 30, 2021, the company's cash and cash equivalents decreased to ¥42.26 million from ¥107.90 million at the end of 2020, representing a decline of approximately 60.9%[21]. - Total current assets dropped to ¥78.75 million, down 47.3% from ¥149.16 million at the end of 2020[21]. - The ending balance of cash and cash equivalents is ¥29,768,889.36, down 50.1% from ¥59,618,408.97 in the previous period[31]. - Cash inflow from financing activities decreased to ¥21,000,000.00, down 35.3% from ¥32,427,835.00 in the previous period[31]. Shareholder and Equity Information - The equity attributable to shareholders decreased by 2.93% to ¥237,627,612.96 compared to the end of the previous year[6]. - The company reported a total of 32,659 common shareholders at the end of the reporting period[12]. - The company reported a total of 52,350 restricted shares, with specific release conditions for current and former executives[17]. - The company's total equity was reported at CNY 240,419,694.98, with a total of CNY 365,698,690.00 in share capital[37]. Liabilities and Financial Position - Total liabilities decreased to CNY 388.74 million from CNY 459.47 million at the end of the previous quarter[23]. - Long-term borrowings stood at CNY 241,500,000.00, indicating a significant portion of the company's financing structure[36]. - The total liabilities and equity combined amounted to CNY 703,481,418.54, reflecting the overall financial position[37]. Operational Changes and Legal Issues - The company announced a significant asset restructuring involving the transfer of 100% equity in its wholly-owned subsidiary, Tianjin Sanwu Huilian Mobile Communications Co., Ltd.[18]. - The company is undergoing changes in its actual controller, which may impact its governance structure[18]. - The company is involved in ongoing legal disputes related to domain names and trademarks, which may affect its operations[18]. Accounting and Reporting Adjustments - The company corrected accounting errors from previous years, resulting in a retrospective adjustment of capital reserves and retained earnings[6]. - The report reflects the implementation of new leasing standards effective from January 1, 2021, impacting financial disclosures[37]. - The company has not undergone an audit for the third quarter report[38]. Research and Development - Research and development expenses for Q3 2021 were CNY 14.18 million, down 21.3% from CNY 18.03 million in Q3 2020[26].