中创环保(300056) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥187,549,034.05, a decrease of 67.49% compared to the same period last year[3] - The net profit attributable to shareholders was -¥19,841,846.63, representing a decline of 223.78% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥20,177,536.38, down 296.02% from the previous year[3] - The basic earnings per share for Q3 2021 was -¥0.0516, a decrease of 222.57% year-on-year[3] - The company's net loss for the period was CNY 14,683,015.97, compared to a profit of CNY 28,593,148.95 in the previous year[17] - The net loss for the third quarter was CNY 28.03 million, compared to a net profit of CNY 24.34 million in the previous year, indicating a significant decline in profitability[22] - The total comprehensive income for the quarter was a loss of CNY 27.95 million, contrasting with a comprehensive income of CNY 24.26 million in the same period last year[22] Cash Flow and Liquidity - The operating cash flow for the year-to-date was -¥84,538,842.45, an increase of 52.43% compared to the same period last year[3] - Cash received from sales and services decreased by 45.89% to CNY 833.93 million, influenced by the previous year's trading business collections[8] - The cash flow from operating activities showed a net outflow of CNY 84.54 million, an improvement from a net outflow of CNY 177.71 million in the same period last year[23] - The company incurred a 59.87% decrease in cash received from borrowings, totaling CNY 238.98 million, due to the absence of trading business-related borrowings[8] - The financing activities resulted in a net cash outflow of CNY 64.77 million, compared to a net inflow of CNY 15.25 million in the same period last year[23] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,551,310,766.64, a decrease of 4.23% from the end of the previous year[3] - Total assets decreased to CNY 1,551,310,766.64 from CNY 1,619,800,774.75, a decline of 4.2%[16] - Total liabilities included a 140.07% increase in estimated liabilities to CNY 29.34 million, primarily due to provisions for compensation related to a securities liability dispute[8] - Total liabilities increased to CNY 511,385,867.96 from CNY 488,895,169.46, an increase of 4.3%[16] - The company's equity totaled CNY 1,130,905,605.29, with a significant portion being capital reserves of CNY 944,363,391.70[28] - The company reported a negative retained earnings of CNY -351,052,611.99, indicating accumulated losses[28] Operational Highlights - The company's operating revenue for the first nine months of 2021 was CNY 735.67 million, a decrease of 42.45% compared to CNY 1,278.38 million in the same period of 2020, primarily due to the divestiture of the trading business[8] - The operating income, excluding the impact of the trading business, increased by 30.0% year-on-year[8] - The company's operating costs decreased by 46.63% to CNY 623.97 million from CNY 1,169.04 million in the previous year, reflecting the same divestiture impact[8] - Management expenses rose by 44.39% to CNY 61.33 million, attributed to the growth in core business and related expenses, including employee stock ownership plan costs[8] - The company reported a significant increase in other income, which rose by 8391.90% to CNY 8.88 million, mainly due to the write-off of long-term overdue accounts[8] Changes in Financial Position - The company's cash and cash equivalents decreased by 53.75% to ¥114,461,683.64 due to cash purchases of minority equity interests[7] - The company's prepayments increased by 159.61% to ¥99,848,191.21, primarily due to increased advance payments for raw materials[7] - The company's construction in progress increased by 596.77% to ¥22,939,101.31, attributed to increased fixed asset investments during the reporting period[7] - Cash and cash equivalents decreased to CNY 114,461,683.64 from CNY 247,462,399.24 at the end of 2020, representing a decline of 53.8%[14] - Accounts receivable decreased to CNY 190,999,638.96 from CNY 232,487,686.58, a reduction of 17.8%[14] - Inventory increased to CNY 390,975,027.94 from CNY 315,731,267.76, reflecting a rise of 23.8%[15] Corporate Governance - The company completed the election of the fifth board of directors and supervisory board on July 19, 2021[12] - The implementation of new leasing standards has been noted, affecting financial reporting from 2021[29] - The third-quarter report was not audited, which may impact the reliability of the financial data presented[29]