君亭酒店(301073) - 2021 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators In Q3 2021, the company's revenue and net profit attributable to shareholders declined year-over-year, yet year-to-date performance showed strong growth, with total assets significantly increasing due to IPO proceeds and new leasing standards Core Financial Indicators for Q3 and YTD 2021 | Indicator | Current Period (Q3) | Q3 YoY Change | Year-to-Date (YTD) | YTD YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 65.48 million yuan | -17.26% | 211.93 million yuan | 26.14% | | Net Profit Attributable to Shareholders of the Listed Company | 7.52 million yuan | -46.38% | 33.71 million yuan | 85.11% | | Net Profit Attributable to Shareholders After Non-recurring Gains and Losses | 7.32 million yuan | -49.16% | 30.78 million yuan | 122.98% | | Net Cash Flow from Operating Activities | - | - | 90.29 million yuan | 756.82% | | Basic Earnings Per Share (yuan/share) | 0.12 | -46.38% | 0.56 | 86.67% | | Total Assets (End of Period) | 1,253.84 million yuan | 177.61% (vs. end of prior year) | - | - | | Total Equity Attributable to Shareholders of the Listed Company (End of Period) | 490.91 million yuan | 65.97% (vs. end of prior year) | - | - | Non-recurring Gains and Losses Items and Amounts Year-to-date non-recurring gains and losses totaled 2.94 million yuan, primarily from government grants and entrusted investment income Year-to-Date Non-recurring Gains and Losses Items | Item | Amount (yuan) | | :--- | :--- | | Government Grants | 2,402,833.59 | | Gains/Losses from Entrusted Investments or Asset Management | 1,139,030.43 | | Other Non-Operating Income/Expenses and Gains/Losses from Asset Disposal | 400,000.00 (approx.) | | Total | 2,936,206.13 | Analysis of Changes in Key Accounting Data and Financial Indicators Significant financial data changes during the reporting period primarily resulted from the company's initial public offering, which increased cash and capital reserves, and the adoption of new leasing standards in 2021, impacting various balance sheet items, financial expenses, and cash flow structure Balance Sheet Item Change Analysis Balance sheet changes were primarily driven by a 172.37% increase in cash from IPO proceeds and a 902.18% rise in capital reserves, alongside the initial recognition of 381 million yuan in right-of-use assets and 606 million yuan in lease liabilities due to new leasing standards Major Balance Sheet Item Changes (vs. End of 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | 172.37% | Due to proceeds from current period's stock issuance | | Right-of-Use Assets | Not Applicable | Recognition of lease contract rentals upon adoption of new leasing standards | | Lease Liabilities | Not Applicable | Recognition of lease payments due over one year upon adoption of new leasing standards | | Construction in Progress | 1963.46% | Due to increase in construction projects | | Capital Reserves | 902.18% | Net proceeds from initial public offering recorded | Income Statement Item Change Analysis Year-to-date, the income statement's primary changes include a 1652.41% surge in financial expenses due to new leasing standards, significant year-over-year declines in non-operating income and expenses due to the absence of prior period's large one-off items, and a 122.04% increase in income tax expense reflecting enhanced profitability Major Income Statement Item Changes (Jan-Sep 2021 vs. Jan-Sep 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Financial Expenses | 1652.41% | Recognition of lease liability financing expenses upon adoption of new leasing standards | | Non-Operating Income | -87.06% | Large relocation compensation recorded in the prior year period | | Non-Operating Expenses | -97.69% | COVID-19 related shutdown losses in the prior year period | | Income Tax Expense | 122.04% | Increased profitability in the current period compared to the prior period | Cash Flow Statement Item Change Analysis Net cash flow from operating activities significantly increased by 756.82% year-over-year, driven by market recovery and reclassification of lease payments to financing activities under new leasing standards, while net cash flow from financing activities surged from -3.97 million yuan to 138 million yuan primarily due to IPO proceeds Major Cash Flow Statement Item Changes (Jan-Sep 2021 vs. Jan-Sep 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 756.82% | Market recovery; reclassification of lease payments to financing activities under new leasing standards | | Net Cash Flow from Investing Activities | 30.79% | Decrease in cash paid for the acquisition of long-term assets | | Net Cash Flow from Financing Activities | 3578.66% | Cash received from public stock issuance | Shareholder Information Total Common Shareholders and Top Ten Shareholders' Shareholding As of the reporting period end, the company had 23,374 common shareholders, with a highly concentrated ownership structure where the top three domestic natural person shareholders collectively held 66.1% of shares, all subject to sales restrictions - As of the reporting period end, the company had 23,374 common shareholders[20] Top Ten Shareholders' Shareholding | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | :--- | | Wu Qiyuan | Domestic Natural Person | 36.41% | 29,323,125 | | Cong Bo | Domestic Natural Person | 19.39% | 15,619,500 | | Shi Chenning | Domestic Natural Person | 10.30% | 8,292,375 | | Wu Haihao | Domestic Natural Person | 3.27% | 2,632,500 | | Xu Hanjie | Domestic Natural Person | 1.49% | 1,200,000 | Quarterly Financial Statements Financial Statements This section presents the company's Consolidated Balance Sheet as of September 30, 2021, and the Consolidated Income Statement and Consolidated Cash Flow Statement for January-September 2021, serving as the basis for the preceding financial data analysis Notes on Financial Statement Adjustments Effective January 1, 2021, the company adopted new leasing standards, retrospectively adjusting its opening financial statements, which led to a significant 644 million yuan increase in both total assets and liabilities, primarily from the initial recognition of 434 million yuan in right-of-use assets and 686 million yuan in lease liabilities - The company adopted new leasing standards starting in 2021, adjusting relevant financial statement items at the beginning of the year of initial application[32] Impact of New Leasing Standards Adoption on Opening Balance Sheet Major Items | Item | Before Adjustment (Dec 31, 2020) | After Adjustment (Jan 1, 2021) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Total Assets | 452 million yuan | 1,096 million yuan | +644 million yuan | | Right-of-Use Assets | 0 | 434 million yuan | +434 million yuan | | Long-term Receivables | 0 | 242 million yuan | +242 million yuan | | Total Liabilities | 167 million yuan | 839 million yuan | +672 million yuan | | Lease Liabilities | 0 | 686 million yuan | +686 million yuan | | Non-current Liabilities Due Within One Year | 0 | 66 million yuan | +66 million yuan | | Retained Earnings | 192 million yuan | 165 million yuan | -27 million yuan | Audit Information Audit Report The company's 2021 third-quarter report is unaudited - The company's third-quarter report is unaudited[37]