Profit C&C(SZ:300640)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 232,995,660.60, representing a 30.21% increase year-over-year[3]. - The net profit attributable to shareholders decreased by 44.62% to CNY 6,835,596.90 for the same period[3]. - The net profit after deducting non-recurring gains and losses fell by 54.30% to CNY 5,156,471.29[3]. - Total operating revenue for the first nine months of 2021 reached ¥587.58 million, a 41.30% increase compared to ¥415.83 million in the same period of 2020[7]. - Net profit for the first nine months of 2021 was ¥18.84 million, down 47.29% from ¥35.75 million in 2020, attributed to exchange rate fluctuations and increased operating costs[7]. - The company's net profit for the first three quarters of 2021 was RMB 18.84 million, a decrease of 47.29% year-on-year due to rising operational costs and currency fluctuations[18]. - Net profit for Q3 2021 was ¥18,844,949.95, a decrease of 47.3% from ¥35,750,548.04 in Q3 2020[28]. - Basic and diluted earnings per share decreased by 54.17% to ¥0.0742, driven by reduced net profit and increased share capital[7]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.0742, down from ¥0.1619 in the same quarter last year[29]. Cash Flow and Liquidity - The operating cash flow for the year-to-date period was negative at CNY -37,324,578.94, a decline of 319.34%[3]. - Cash flow from operating activities showed a net outflow of ¥37.32 million, a significant decline from a net inflow of ¥17.02 million in the previous year[8]. - Cash inflow from financing activities surged to ¥369.17 million, a 682.14% increase, mainly due to funds raised from issuing shares to specific investors[8]. - Cash inflow from operating activities totaled approximately $586.53 million, an increase of 32.9% from $440.90 million in the previous period[31]. - Cash outflow from operating activities was approximately $623.85 million, up from $423.88 million, resulting in a net cash flow from operating activities of -$37.32 million, compared to $17.02 million previously[31]. - The net increase in cash and cash equivalents was approximately -$19.22 million, an improvement from -$99.16 million in the previous period[32]. - The ending balance of cash and cash equivalents was approximately $37.30 million, down from $52.83 million in the previous period[32]. Assets and Liabilities - Total assets increased by 67.90% to CNY 811,549,272.32 compared to the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 7,609, with the largest shareholder holding 39.55% of the shares[10]. - The company reported a total debt of ¥811.55 million, with a significant portion attributed to short-term borrowings[7]. - Total liabilities decreased to ¥137,425,104.50 in Q3 2021 from ¥143,285,098.04 in Q3 2020, a reduction of 4.8%[25]. Shareholder Equity and Investments - Shareholders' equity attributable to the parent company rose by 98.23% to CNY 674,124,167.82[3]. - The total equity attributable to shareholders increased to ¥674,124,167.82 in Q3 2021 from ¥340,063,888.73 in Q3 2020, marking a growth of 97.8%[25]. - The company increased its investment in construction projects, leading to a 42.54% rise in construction in progress to CNY 170,843,668.15[6]. - The company purchased land use rights, contributing to a 95.65% increase in other non-current assets to CNY 184,240,702.00[6]. - The company plans to continue investing in land and the development of its cultural and creative industry base, indicating a focus on market expansion and new projects[7]. Research and Development - Research and development expenses rose by 35.80% to ¥13.92 million, reflecting increased investment in R&D[7]. - Research and development expenses for Q3 2021 were ¥13,923,687.27, up 35.5% from ¥10,253,095.44 in Q3 2020, indicating a focus on innovation[27]. Market and Sales Strategy - Revenue from markets along the "Belt and Road" initiative reached RMB 156.07 million, growing by 58.43% compared to the same period last year[18]. - The company continues to expand its sales channels in emerging markets and enhance its marketing strategies through e-commerce and new media[18]. - The company has developed nearly 10,000 product items across three main product series: creative decorative items, leisure daily goods, and fashionable small furniture[17]. - The company plans to develop IP products based on target demographics, including products related to traditional Chinese opera[18]. Shareholder Information - The total number of shares held by major shareholders includes 4,247,104 shares held by Xia Tongshan and 3,861,003 shares held by Ningbo Pengyuan Asset Management Co., Ltd.[11]. - The total number of shares held by the top 10 shareholders participating in margin trading is 7,905,462 shares, with 2,162,162 shares held through a regular securities account and 5,743,300 shares through a credit trading guarantee account.[11]. - Wu Tifang's restricted shares increased from 77,841,000 to 87,493,509 shares, with 9,652,509 shares added during the period.[13]. - The total number of restricted shares held by Wu Liping remains at 5,973,750 shares, with no changes during the period.[13]. - The total number of restricted shares for Wang Bin is 1,021,695 shares, which are subject to a lock-up period due to the 2018 restricted stock incentive plan.[13]. - The company plans to lift restrictions on certain shares according to the 2018 restricted stock incentive plan, with 25% of the shares being released annually during the tenure of the directors and senior management.[14]. - The report indicates that the company has engaged in a specific issuance of shares to certain investors, with the release of restrictions scheduled for October 1, 2022.[13]. - The total number of restricted shares for Ouyang Jun is 1,282,500, with no changes during the period.[14]. - The report highlights that the company is adhering to regulations regarding the release of restricted shares as per the 2018 incentive plan.[14]. - The company has a structured plan for the gradual release of restricted shares, ensuring compliance with relevant regulations and maintaining shareholder confidence.[14].