NEW POWER(300152)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥32,142,124.30, a decrease of 67.07% compared to the same period last year[5] - The net profit attributable to shareholders was -¥19,225,216.76, representing a decline of 1,110.31% year-over-year[5] - The basic earnings per share for the period was -¥0.0270, down 1,250.00% from the previous year[6] - Total operating revenue for Q3 2021 was CNY 117,596,004.39, a decrease of 56.9% compared to CNY 272,587,801.82 in the same period last year[23] - Net loss for Q3 2021 amounted to CNY 45,941,580.11, compared to a net loss of CNY 33,642,949.87 in Q3 2020, representing a 36.5% increase in losses[24] - The basic and diluted earnings per share for Q3 2021 were both CNY -0.0645, compared to CNY -0.048 in the same quarter last year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,157,919,550.73, a decrease of 2.66% from the end of the previous year[6] - The company's total assets decreased to CNY 1,157,919,550.73 from CNY 1,189,573,163.81, reflecting a decline of 2.7%[22] - Total liabilities increased slightly to CNY 449,518,608.66 from CNY 439,730,641.63, marking a 2% rise[21] - The total equity attributable to shareholders decreased to CNY 708,400,942.07 from CNY 749,842,522.18, a decline of 5.5%[22] Cash Flow - The total net cash flow from operating activities for the year-to-date was ¥11,091,996.78, down 84.16% compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥11,091,996.78, a decrease of 84.16% compared to ¥70,007,506.84 in the same period last year[12] - The net cash flow from investing activities was -¥139,319,193.35, a decline of 234.31% from ¥103,726,676.14 in the previous year, primarily due to investments in an energy conservation industry fund[12] - The net cash flow from financing activities decreased to -¥35,935,641.97, a reduction of 24.39% compared to -¥47,526,401.40 in the same period last year, attributed to reduced interest expenses on loans[12] - The net cash flow from operating activities was 11,091,996.78, a decrease of 84.2% compared to 70,007,506.84 in the previous period[28] - The net cash flow from financing activities was -35,935,641.97, compared to -47,526,401.40 in the previous period, showing an improvement[29] Investments and Expenses - The company recorded a decrease in investment income of 69.04%, amounting to ¥1,138,446.75, due to the absence of gains from subsidiary disposals compared to the previous year[11] - Research and development expenses for Q3 2021 were CNY 4,599,917.32, down 52.8% from CNY 9,743,516.26 in the previous year[23] - The company reported a significant increase in other equity instrument investments, which surged by 3,615.97% to ¥148,000,166.35[10] Current Assets and Inventory - As of September 30, 2021, total current assets were ¥502,132,845.22, down from ¥660,280,262.09 at the end of 2020[19] - The company had cash and cash equivalents of ¥14,361,682.66, significantly lower than ¥179,775,885.60 at the end of the previous year[19] - Accounts receivable increased by 143.70% to ¥76,908,128.09, primarily due to an increase in accepted bills[10] - Inventory rose by 30.01% to ¥127,267,385.62, attributed to an increase in uncompleted orders[10] - Accounts receivable decreased to ¥148,373,835.04 from ¥201,241,709.31 in the previous year, indicating a reduction in credit sales[19] - Inventory increased to ¥127,267,385.62 from ¥97,890,367.07, reflecting a rise in stock levels[19] Other Financial Metrics - The company reported an increase in credit impairment losses of 168.61%, amounting to ¥3,833,404.52, due to an increase in the recovery of receivables[12] - Asset disposal gains rose by 131.56% to ¥1,306,382.04, compared to a loss in the same period last year[12] - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[26] - The company did not adjust the beginning balance sheet items due to the new leasing standards, citing minimal impact[30]