Etrol(SZ:300370)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥88,237,041.49, representing a 7.31% increase year-over-year[3] - The net profit attributable to shareholders was -¥89,368,946.69, a decrease of 43.45% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥89,616,940.00, down 39.12% year-over-year[3] - The basic earnings per share for the period was -¥0.0934, a decline of 43.43% compared to the previous year[3] - Total operating revenue for Q3 2021 was CNY 263,487,624.13, an increase of 11.4% compared to CNY 235,389,755.94 in the same period last year[29] - Total operating costs for Q3 2021 reached CNY 492,340,219.62, up 17.2% from CNY 420,088,312.50 in Q3 2020[29] - Net loss for Q3 2021 was CNY 239,382,498.66, compared to a net loss of CNY 171,332,371.32 in Q3 2020, representing a 39.8% increase in losses[30] - Basic and diluted earnings per share for Q3 2021 were both CNY -0.2405, compared to CNY -0.1697 in the same period last year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,812,635,696.33, a decrease of 5.21% from the end of the previous year[4] - The company's total assets decreased to CNY 2,812,635,696.33 from CNY 2,967,279,602.47 in the previous quarter, a decline of 5.2%[28] - Total liabilities increased to CNY 2,552,058,206.60, up from CNY 2,452,352,008.53, marking a rise of 4.1%[27] - The total equity attributable to shareholders decreased by 51.38% to ¥207,272,626.91 compared to the previous year[4] - The total equity attributable to shareholders decreased to CNY 207,272,626.91 from CNY 426,345,796.07, a decline of 51.4%[27] Cash Flow - The company's cash flow from operating activities was -¥9,685,885.94, reflecting a significant decline of 132.86% year-to-date[3] - The company's cash flow from operating activities showed a negative trend, indicating potential liquidity challenges moving forward[31] - Operating cash inflow for the current period was $471.33 million, down 18.2% from $576.36 million in the previous period[32] - Net cash flow from operating activities was negative $9.69 million, compared to negative $4.16 million in the previous period[33] - Cash outflow from investing activities totaled $35.07 million, significantly up from $7.59 million in the previous period[33] - Cash and cash equivalents increased to ¥68,356,275.74 from ¥59,562,509.34, reflecting an increase of about 13.1%[25] - Cash and cash equivalents decreased by $9.05 million, compared to a decrease of $66.90 million in the previous period[33] Investments and Expenses - The company's long-term equity investments increased by 81.48% to ¥61,923,233.14 due to the reclassification of investments[8] - The company reported a long-term equity investment of ¥61,923,233.14, up from ¥34,120,657.95, marking an increase of approximately 81.7%[25] - The financial expenses rose by 69.11% to ¥148,581,824.00, primarily due to overdue borrowings[8] - The company reported a significant increase in financial expenses, totaling CNY 148,581,824.00, compared to CNY 87,859,042.14 in the previous year, an increase of 68.9%[29] - Research and development expenses for Q3 2021 were CNY 23,048,210.68, up from CNY 18,097,708.12, reflecting a growth of 27.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,274[10] - The largest shareholder, Yu Ling, holds 13.22% of shares, totaling 126,570,413 shares, with 121,471,052 shares pledged[10] - The second-largest shareholder, Dong Aimin, holds 3.24% of shares, totaling 31,000,000 shares, all of which are pledged[10] - The total number of shares held by the top 10 unrestricted shareholders includes 126,570,413 shares from Yu Ling and 31,000,000 shares from Dong Aimin[11] - The report indicates that there are no changes in the number of restricted shares for the majority of top executives, with a total of 15,727,353 restricted shares at the end of the period[12] - The company has a total of 8,398,472 restricted shares held by other shareholders, which are subject to lock-up conditions[14] - The report highlights that the company is subject to the regulations of the "Management Measures for the Acquisition of Listed Companies" regarding shareholder actions[11] Corporate Developments - The company is undergoing a pre-restructuring process, with a management team appointed to oversee the proceedings[20] - The company has received a notice regarding the bankruptcy liquidation of its subsidiary, Dongwang Intelligent, due to insufficient assets to cover debts[17] - A joint venture has been confirmed as the pre-restructuring investor, consisting of three companies, indicating a strategic move to stabilize operations[21] - The company is actively seeking to recruit and select pre-restructuring investors to maximize operational value during the restructuring process[20] - The company has been involved in multiple legal proceedings, with four ongoing lawsuits and one new case reported[17] Market and Future Outlook - The report does not provide specific future outlook or performance guidance for the upcoming quarters[14] - The company has not disclosed any new product developments or technological advancements in this report[14] - There is no mention of market expansion or mergers and acquisitions in the current reporting period[14]