SACA(SZ:300464)2021-10-18 16:00Financial Performance - The company's revenue for Q3 2021 was ¥586,895,004.65, a decrease of 58.44% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥139,521,421.14, representing a decline of 282.73% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥143,975,884.47, down 293.24% from the previous year[3]. - The basic earnings per share for the period was -¥0.3951, a decrease of 279.59% compared to the same quarter last year[3]. - The net profit for Q3 2021 was -34,301,070.61 CNY, compared to a net profit of 212,810,010.47 CNY in the same period last year, indicating a significant decline[21]. - The total comprehensive income for Q3 2021 was -38,346,927.09 CNY, down from 208,489,497.99 CNY in Q3 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,990,829,946.24, a decrease of 1.39% from the end of the previous year[3]. - The company's total assets decreased from CNY 4,047,173,161.20 at the end of 2020 to CNY 3,990,829,946.24 as of September 30, 2021[18]. - Total current assets decreased from CNY 2,240,554,924.94 at the end of 2020 to CNY 2,003,725,471.74 as of September 30, 2021[16]. - The total liabilities increased slightly from CNY 2,046,181,384.74 at the end of 2020 to CNY 2,053,586,487.94 as of September 30, 2021[17]. - Total liabilities were approximately CNY 2.05 billion, with current liabilities accounting for CNY 1.28 billion[30]. - Non-current liabilities increased to approximately CNY 762.84 million, indicating a rise in long-term financial commitments[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥124,060,635.80, down 197.95% compared to the same period last year[3]. - Operating cash flow for the period was 124,060,635.80 CNY, a recovery from a negative cash flow of -126,660,838.11 CNY in the previous year[25]. - Investment activities resulted in a net cash outflow of -143,765,313.09 CNY, compared to -322,516,449.20 CNY in the previous year[25]. - Financing activities led to a net cash outflow of -128,997,276.94 CNY, contrasting with a net inflow of 406,712,216.63 CNY in the same quarter last year[26]. Expenses - Total operating costs decreased from CNY 3,189,598,670.85 in the previous period to CNY 2,959,506,529.94 in the current period[19]. - Sales expenses decreased by 44.32% to ¥663,615,436.53 primarily due to reclassification of transportation costs under new revenue standards[8]. - Management expenses increased by 33.68% to ¥131,466,714.57, driven by increased share-based payment expenses and amortization of intangible assets from acquisitions[8]. - The company incurred a total operating expense of 2,824,508,763.76 CNY, compared to 3,067,220,196.52 CNY in the same quarter last year[25]. Investments - Long-term equity investments increased by 931.22% to ¥31,175,856.99, with a new investment of ¥30 million in a company named 聚声泰[8]. - Investment income increased by 66.96% to ¥3,121,671.37, mainly from the maturity of non-principal foreign exchange products[8]. - The company has a long-term investment of approximately CNY 3.02 million, indicating strategic investment in growth[29]. Market and Operations - The company did not report any significant new product developments or market expansion strategies during the quarter[3]. - Zepp Technology's sales revenue for the first three quarters of 2021 decreased by 24.83% year-on-year, with a significant drop of 74.88% in the third quarter compared to the same period last year[13]. - As of the announcement date, a total of 330 stores, accounting for 70.21% of the company's existing stores, have been suspended from sales on the Amazon platform[13]. Other Financial Metrics - The weighted average return on equity was -6.99%, a decrease of 10.93% compared to the previous year[3]. - The company reported non-recurring gains of ¥4,454,463.32 for the current period, down from ¥20,916,124.93 year-to-date[5]. - The company reported a goodwill of approximately CNY 1.02 billion, reflecting past acquisitions and market positioning[30]. - The company has not yet audited its Q3 2021 report, which may affect the reliability of the financial data presented[32].