GQY(SZ:300076)2021-10-28 16:00Revenue and Profitability - Revenue for Q3 2021 reached ¥45,784,301.44, an increase of 36.67% compared to the same period last year[3] - Net profit attributable to shareholders was -¥105,724.30, a decrease of 102.82% year-on-year[3] - Basic and diluted earnings per share were both -¥0.0002, down 102.82% from the same period last year[3] - Operating income decreased by 75.79% to CNY 353,265.85, primarily due to the receipt of default deposits and government subsidies[9] - The net profit for Q3 2021 was -9,838,902.11 CNY, a significant decrease compared to the net profit of 12,361,311.43 CNY in the same period last year[26] - Operating profit for Q3 2021 was -10,021,795.90 CNY, down from 14,641,907.85 CNY in Q3 2020[26] - The total comprehensive income attributable to the parent company was -9,881,925.19 CNY, compared to 12,361,311.43 CNY in the same period last year[27] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of -¥169,882,840.11, a decline of 453.70% compared to the previous year[3] - The company experienced a 123.26% increase in cash outflows from operating activities, totaling CNY 263,168,816.45, attributed to higher sales and increased payments for goods and employee compensation[9] - The net cash flow from operating activities was -169,882,840.11 CNY, worsening from -30,681,488.24 CNY in the same period last year[31] - Cash and cash equivalents decreased to ¥98,166,448.19 from ¥258,375,873.85, a decline of approximately 62%[21] - The company reported a cash and cash equivalents balance of 87,874,281.47 CNY at the end of Q3 2021, down from 276,754,606.40 CNY at the end of Q3 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,125,756,198.04, a slight increase of 0.22% from the end of the previous year[3] - The total assets as of September 30, 2021, were ¥1,125,756,198.04, slightly up from ¥1,123,310,680.83 at the end of 2020[22] - The total liabilities increased to ¥100,356,085.84 from ¥91,571,666.52, marking an increase of approximately 9.6%[23] - The equity attributable to shareholders decreased to ¥1,021,857,089.12 from ¥1,031,739,014.31, a decline of about 1%[23] Inventory and Operating Costs - Inventory increased by 59.67% to ¥56,224,921.12, attributed to higher sales volume and increased stock[8] - Operating costs rose by 35.53% to ¥89,954,633.27, primarily due to rising raw material prices and increased sales[8] - The total operating costs amounted to ¥133,654,494.35, up from ¥99,877,388.45, reflecting an increase of about 33.9%[25] Investments and Other Income - The company reported a significant increase in investment income from joint ventures, totaling ¥2,364,716.57[8] - The fair value change income was reported at ¥2,025,827.00, a 146.30% increase, due to unrealized gains on financial products[8] - The company reported a significant increase in asset disposal gains, reaching CNY 121,538.97, a rise of 5889.71% compared to the previous period[9] - The company recorded investment income of 10,227,969.59 CNY, compared to 9,877,399.71 CNY in Q3 2020[26] Shareholder Information and Corporate Actions - The total number of ordinary shareholders at the end of the reporting period was 30,292[12] - The largest shareholder, Ningbo Gaosi Investment Co., Ltd., holds 29.72% of the shares, totaling 125,996,000 shares[12] - The company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Ningbo Intercontinental Robot Co., Ltd., with a base price set at CNY 1.4549 million[16] - The company decided to terminate the acquisition of a 51% stake in Dongguan Changlong Communication Technology Co., Ltd. due to difficulties in progressing the transaction[19] - The company received two interested buyers during the public listing period for the transfer of its subsidiary's equity, but the transaction did not proceed as the buyer withdrew[17] - The company is in the process of evaluating further strategic options following the termination of the acquisition discussions[19] Tax and Refunds - The company received a tax refund of CNY 946,773.28, marking a 100% increase due to the return of income tax and VAT[9]