JGGF(SZ:300510)2021-10-28 16:00Financial Performance - The company's revenue for the third quarter reached ¥254,334,763.20, an increase of 10.68% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥4,083,524.17, representing a significant increase of 117.33% year-on-year[3]. - Basic earnings per share were ¥0.0049, up 118.35% from the same period last year[3]. - The net profit for the third quarter of 2021 was ¥8,883,051.73, a significant improvement compared to a net loss of ¥66,871,375.14 in the same period last year[22]. - The total profit for the quarter reached ¥11,693,632.89, contrasting with a total loss of ¥61,885,196.39 in the previous year[22]. Cash Flow - The net cash flow from operating activities was reported at -¥218,599,888.03, a drastic decline of 2,020.60% compared to the previous year[3]. - Cash flow from operating activities showed a significant decline of 2,020.60%, resulting in a net outflow of CNY 218,599,888.03 due to increased bid deposits and reduced sales receipts[9]. - Cash and cash equivalents at the end of the period totaled ¥116,032,972.38, down from ¥214,676,176.50 at the end of the same quarter last year[26]. - The company incurred a total operating cash outflow of ¥821,323,837.57, compared to ¥646,542,550.64 in the previous year, reflecting an increase of approximately 27%[26]. - Investment activities resulted in a net cash outflow of -¥150,281,447.70, compared to -¥51,451,380.71 in the same period last year[26]. - Financing activities generated a net cash outflow of -¥3,819,066.46, an improvement from -¥30,081,353.96 in the previous year[26]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,267,263,819.92, reflecting a 1.75% increase from the end of the previous year[3]. - The company reported a 48.63% increase in accounts receivable, totaling ¥695,946,115.23, due to new sales[8]. - Inventory increased by 38.19% to ¥208,861,884.96, attributed to the rise in raw materials and finished goods[8]. - Long-term equity investments surged by 692.44% to ¥135,805,136.62, primarily due to investments in joint ventures[8]. - Total liabilities amounted to CNY 649,417,215.59, up from CNY 602,112,889.29, indicating an increase of about 7.5%[19]. - Non-current liabilities due within one year rose by 1,747.81% to CNY 37,000,000.00 as a result of the reclassification of long-term borrowings[9]. Expenses - Sales expenses decreased by 32.37% to CNY 47,630,880.28 primarily due to changes in the scope of consolidation after the disposal of Liao Yuan Hong Tu equity[9]. - Financial expenses dropped by 92.45% to CNY 995,404.07, attributed to a decrease in interest expenses and an increase in interest income[9]. - Total operating costs increased to CNY 672,398,755.77 from CNY 645,912,537.62 year-over-year[21]. Legal and Regulatory - The company is involved in a legal dispute regarding performance compensation related to Liao Yuan Hong Tu Lithium Battery Diaphragm Technology Co., Ltd, with a civil lawsuit filed on August 31, 2021[15]. - The third-quarter report for 2021 was not audited, which may affect the reliability of the reported figures[32]. Other Financial Metrics - The weighted average return on equity was 0.16%, a decrease of 0.98% compared to the previous year[3]. - The company recorded government subsidies amounting to ¥8,376,582.23 during the reporting period[6]. - The company reported a negative retained earnings of CNY -686,320,646.68, highlighting potential financial challenges[30].