Fushine(SZ:300497)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was ¥290,136,216.06, representing a decrease of 0.83% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥8,703,959.22, down 88.29% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,794,912.01, a decline of 91.46% compared to the previous year[4]. - The basic earnings per share for Q3 2021 was ¥0.02, reflecting a decrease of 87.50% year-on-year[5]. - The company reported a decrease in net profit margin, indicating challenges in maintaining profitability[4]. - Total revenue for the third quarter of 2021 was CNY 1,065,981,273.35, a decrease of 3.5% compared to CNY 1,108,960,297.02 in the same period of 2020[27]. - Net profit for the third quarter of 2021 was CNY 156,795,317.53, down 47.3% from CNY 297,264,411.68 in the same period last year[28]. - The company reported a decrease in comprehensive income total to CNY 156,795,317.53 from CNY 297,264,411.68 in the same period last year[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,473,804,968.10, an increase of 10.58% from the end of the previous year[5]. - Total assets reached CNY 4,473,804,968.10, up from CNY 4,045,665,857.13, reflecting a growth of 10.6%[25]. - Total liabilities increased to CNY 1,372,469,158.70, compared to CNY 997,927,277.88, marking a rise of 37.5%[25]. - Long-term equity investments rose by 47.99% to ¥76,295,212.96, attributed to increased investments in Shanghai Lingfu[11]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥107,448,534.77, a decrease of 62.55%[4]. - Cash flow from operating activities generated a net cash inflow of CNY 107,448,534.77, down from CNY 286,883,826.33 in the previous year, indicating a decline of about 63%[32]. - The company’s cash flow from financing activities increased significantly by 860.36% to ¥298,656,448.93, mainly due to increased borrowings[12]. - Cash flow from financing activities resulted in a net inflow of CNY 298,656,448.93, compared to a net outflow of CNY 39,278,171.42 in the previous year[33]. Shareholder Information - The total number of shares held by the top 10 unrestricted shareholders includes 24,800,000 shares held by Bao Jianhua, representing 4.56% of total shares[15]. - The company reported a total of 183,752,792 shares, with 79,263,640 shares released from restrictions during the period[20]. - The company has a total of 90,015,808 restricted shares held by Bao Jianhua, which will be released at a rate of 25% annually[18]. - The company is focused on maintaining a stable shareholder structure, with major shareholders holding significant stakes[15]. - The management team continues to hold a substantial amount of restricted shares, indicating confidence in the company's future performance[18]. - The company has a diverse shareholder base, including both domestic and foreign investors[15]. Operational Challenges - The cash flow from operating activities decreased by 62.55% to ¥107,448,534.77, reflecting reduced cash receipts from sales[12]. - Other income decreased by 45.50% to ¥23,112,883.69, primarily due to a reduction in government subsidies received[12]. - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company reported a 72.77% decrease in financial expenses to ¥3,587,599.96, due to increased interest income and reduced exchange losses[12]. - Research and development expenses were CNY 52,296,089.08, an increase of 11.5% from CNY 47,019,406.28[28]. Investment Activities - The construction in progress increased by 71.02% to ¥845,460,821.18, reflecting higher investment in subsidiary projects[11]. - Total cash inflow from investment activities was CNY 310,453,569.25, compared to CNY 31,094,726.33 in the previous year, showing a significant increase[32]. - Cash outflow from investment activities totaled CNY 776,537,976.81, up from CNY 330,134,821.00, resulting in a net cash outflow of CNY 466,084,407.56 from investment activities[32].