NEW JCM(SZ:300157)2021-10-26 16:00Financial Performance - Revenue for Q3 2021 was ¥74,627,372.99, a decrease of 27.84% compared to the same period last year[3] - Net profit attributable to shareholders was -¥32,689,325.70, an increase of 37.72% in losses year-over-year[3] - Total operating revenue for Q3 2021 was CNY 306.12 million, a decrease of 22.3% from CNY 394.14 million in Q3 2020[25] - Total operating costs for Q3 2021 were CNY 446.55 million, down 15.8% from CNY 530.53 million in Q3 2020[25] - Net profit for Q3 2021 was a loss of CNY 133.97 million, compared to a loss of CNY 149.85 million in Q3 2020, showing an improvement of 10.6%[26] - The total comprehensive loss for Q3 2021 was CNY 134.35 million, compared to a loss of CNY 206.11 million in Q3 2020, indicating a reduction of 34.8%[26] - The company reported a basic and diluted earnings per share of -CNY 0.18 for Q3 2021, an improvement from -CNY 0.22 in Q3 2020[26] Cash Flow and Assets - Cash flow from operating activities decreased by 84.93% year-to-date, totaling ¥17,923,392.47[7] - Cash and cash equivalents increased by 76.68% year-over-year, primarily due to reduced repayments of bank loans[7] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 111.13 million, compared to CNY 100.77 million at the end of Q3 2020[29] - Cash and cash equivalents decreased to CNY 123,485,903.52 from CNY 179,988,840.17, a reduction of about 31.4%[20][21] - Total assets at the end of the reporting period were ¥2,714,581,955.19, a decrease of 21.73% from the previous year[3] - As of September 30, 2021, total current assets decreased to CNY 1,032,408,803.26 from CNY 1,728,022,756.29 at the end of 2020, representing a decline of approximately 40.3%[20][21] - Total liabilities decreased to CNY 1,802,482,368.62 from CNY 2,184,468,441.38, a decline of about 17.4%[22] - Non-current assets totaled CNY 1,682,173,151.93, down from CNY 1,740,192,747.81, indicating a decrease of approximately 3.3%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,129[9] - The largest shareholder, Li Liping, holds 14.68% of the shares, amounting to 104,521,480 shares[9] - The second-largest shareholder, Yinchuan Zhongneng New Finance Technology Co., holds 10.67% of the shares, totaling 76,000,000 shares, which are pledged[9] - The company has a total of 5,052,681 restricted shares at the beginning of the period, with 1,262,700 shares released during the period[12] Strategic Decisions - The company plans to acquire a 30% stake in the Yifeng Hengtai Fund, having already paid 42,689,400 RMB for the equity transfer[13] - The company has decided to suspend the construction of the second production base in Chongqing due to strategic adjustments[13] - The company intends to transfer shares of several subsidiaries as part of the strategic restructuring, which will not adversely affect operations[14] - The company is set to become the sole limited partner of the Yifeng Hengtai Fund after acquiring all other partners' shares, holding 99% of the fund's equity[15] - The company plans to repurchase and cancel 13.04% of the shares held by the Yifeng Hengtai Fund as part of debt resolution efforts[16] - The company will transfer 40.98% of its subsidiary Aohua Electronics for 151,621,560 RMB[16] Financial Adjustments and Reporting - The company has implemented new leasing standards starting from 2021, but there are no adjustments to prior comparative data[30] - The financial statements for the first year of the new leasing standards do not apply to the current report[30] - The company’s board of directors has acknowledged the unaudited status of the third quarter report[30] - There are no significant changes in financial reporting due to the new leasing standards for the current year[30] - The financial report does not include any significant adjustments or restatements from previous periods[30] - The third quarter report of the company has not been audited[30] Other Financial Metrics - Financial expenses decreased by 39.73% year-over-year, primarily due to reduced bank borrowings[6] - Other income increased by 493.75% year-over-year, mainly from increased government subsidies[6] - Investment income surged by 1928.25% year-over-year, attributed to gains from the disposal of subsidiaries[6] - The company incurred financial expenses of CNY 56.47 million in Q3 2021, down 39.7% from CNY 93.69 million in Q3 2020[25] - The company reported a decrease in research and development expenses to CNY 21.13 million, slightly down from CNY 21.53 million in the same quarter last year[25] - Investment activities generated a net cash inflow of CNY 35,919.20, a recovery from a net outflow of CNY 968,518.73 in the previous year[29] Market and Future Outlook - The company has not provided any performance guidance or future outlook in the current report[30] - No new products or technologies have been mentioned in the current report[30] - There are no updates on market expansion or mergers and acquisitions in the current report[30] - The company has not disclosed any new strategies in the current report[30]