CECM(SZ:300385)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥439,125,924.75, representing a 6.88% increase compared to the same period last year, and a total revenue of ¥1,291,160,954.72 for the year-to-date, which is a 41.90% increase year-on-year [4]. - The net profit attributable to shareholders for Q3 2021 was ¥5,016,724.02, a significant decrease of 94.78% compared to the same period last year, with a year-to-date net profit of ¥56,183,287.98, down 42.17% year-on-year [4]. - The basic earnings per share for Q3 2021 was ¥0.0151, down 94.76% from the previous year, while the diluted earnings per share also stood at ¥0.0151, reflecting the same decline [5]. - Total operating revenue increased to ¥1,291,160,954.72, up from ¥909,899,633.70, representing a growth of approximately 42% [24]. - Net profit for the period was ¥78,277,660.42, down from ¥103,521,222.33, reflecting a decrease of approximately 24% [26]. - Earnings per share decreased to ¥0.1686 from ¥0.2916, a decline of about 42% [26]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥102,716,042.40, a decrease of 78.06% compared to the previous year [5]. - Cash flow from operating activities showed a net outflow of ¥102,716,042.40, worsening from a net outflow of ¥57,684,607.17 in the previous period [29]. - The company received cash from operating activities totaling ¥1,009,633,006.07, down from ¥1,039,250,674.73, a decrease of approximately 3% [29]. - The net cash flow from investing activities was $38.72 million, compared to a net outflow of $155.32 million in the previous period [30]. - Cash inflows from financing activities totaled $433.89 million, down from $607.54 million year-over-year [30]. - The net cash flow from financing activities was -$45.93 million, a significant decrease from a positive $149.88 million in the prior period [30]. - The ending balance of cash and cash equivalents decreased to $78.90 million from $149.18 million at the end of the previous period [32]. - The cash and cash equivalents net increase was -$109.15 million, compared to -$63.13 million in the prior period [30]. Assets and Liabilities - Total assets as of September 30, 2021, were ¥3,656,059,469.78, a decrease of 4.73% from the end of the previous year [5]. - The company’s total assets decreased to RMB 3.66 billion from RMB 3.84 billion, reflecting a decline of about 4% [19]. - Total liabilities decreased to ¥2,575,339,946.22 from ¥2,835,187,440.83, a reduction of approximately 9% [21]. - The company's total liabilities decreased by 46.25% in accounts payable, amounting to ¥163,941,937.44, due to reduced bill settlements [10]. - Total current assets decreased to RMB 2.31 billion from RMB 2.46 billion at the end of 2020, reflecting a decline of approximately 6% [18]. - Total liabilities decreased to RMB 2.05 billion from RMB 2.13 billion, reflecting a decline of approximately 3% [20]. - The company’s non-current assets totaled RMB 1.34 billion, down from RMB 1.37 billion, a decrease of approximately 2% [19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,239, with the largest shareholder holding 29.86% of the shares [13]. - The company received government subsidies amounting to ¥3,367,953.71 during the reporting period, contributing to its non-operating income [7]. Investment and Expenses - The company plans to invest approximately RMB 30 million in a solid waste resource utilization project, aiming to process 120,000 tons of solid waste annually, including 80,000 tons of hazardous waste [16]. - Research and development expenses rose to ¥46,289,211.89 from ¥38,369,195.17, an increase of approximately 21% [24]. - The company reported a decrease in sales expenses to ¥52,553,473.85 from ¥29,506,546.38, reflecting an increase of about 78% [24]. - The company reported a 99.81% decrease in investment income, totaling ¥150,024.59, primarily due to reduced earnings from joint ventures [11].