Jiayu (SZ:300117)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was ¥347,954,586.14, a decrease of 30.42% compared to the same period last year[4] - The net profit attributable to shareholders was -¥2,402,094.00, representing an increase of 60.83% in losses year-over-year[4] - Total revenue for Q3 2021 was CNY 981,198,940.61, a decrease of 19.4% compared to CNY 1,216,530,768.94 in the same period last year[22] - Net loss for Q3 2021 was CNY 57,590,112.28, compared to a net loss of CNY 52,192,223.83 in Q3 2020, reflecting a decline of 10.3%[23] - The company’s basic earnings per share were -¥0.0034, reflecting a 66.00% increase in losses compared to the same period last year[5] - Basic and diluted earnings per share for Q3 2021 were both -0.08 CNY, compared to -0.07 CNY in Q3 2020, indicating a decrease in profitability[24] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥450,394,635.96, showing a significant increase of 1,121.01%[4] - The company reported a significant increase in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, which rose by 2117.97% to approximately ¥134.62 million, reflecting increased investment in new production lines[13] - Cash inflow from operating activities for the current period was 1,976,249,441.65 CNY, up from 1,781,172,579.73 CNY in the previous year, representing an increase of approximately 11%[26] - The net cash flow from operating activities was 450,394,635.96 CNY, significantly higher than 36,887,139.90 CNY in the same period last year[27] - The net cash flow from investing activities was -134,473,803.33 CNY, a decrease from 173,150,572.54 CNY in the previous year, indicating increased investment outflows[27] - Cash flow from financing activities resulted in a net outflow of -126,310,253.65 CNY, an improvement compared to -225,988,514.27 CNY in the same period last year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,275,166,813.25, an increase of 13.81% from the end of the previous year[5] - Total assets increased to CNY 6,275,166,813.25, up 13.8% from CNY 5,513,566,072.65 at the end of the previous year[20] - Total liabilities rose to CNY 4,878,262,038.32, an increase of 20.3% compared to CNY 4,056,373,923.27 in the previous year[20] - The company has a total of CNY 715,488,015.61 in contract liabilities, indicating future revenue obligations[32] Operational Metrics - The total operating costs for Q3 2021 were CNY 1,083,931,814.44, down 18.6% from CNY 1,330,362,242.94 year-over-year[22] - The company reported a decrease in cash received from operating activities by 73.34% to approximately ¥114.35 million, primarily due to reduced cash inflows from operational transactions compared to the previous year[11] - The company reported long-term borrowings of CNY 2,723,785.70, indicating a low level of debt[32] Other Financial Indicators - Financial expenses decreased by 46.76% to approximately ¥70.92 million, primarily due to reduced interest expenses from financial institution borrowings compared to the same period last year[11] - Other income fell by 38.04% to approximately ¥10.06 million, attributed to fewer government subsidies received[11] - Credit impairment losses decreased by 56.16% to approximately ¥19.76 million, primarily due to fewer bad debt reversals compared to the previous year[11] - Asset impairment losses surged by 1541.79% to approximately ¥3.64 million, mainly due to the reversal of impairment provisions for contract assets during the reporting period[11] - The income tax expense decreased by 42.06% to approximately -¥14.99 million, mainly due to the recognition of deferred tax assets from losses incurred by subsidiaries during the reporting period[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,060, with the largest shareholder, Jiayu Xinxin Investment (Group) Co., Ltd., holding 41.66% of the shares[15] Accounting and Reporting - The report indicates that the third-quarter financials were not audited, which may affect investor confidence[33] - The company is implementing new leasing standards, which required adjustments to the financial statements, indicating a shift in accounting practices[29]