ZHONGYEDA(SZ:002441)2022-11-21 15:38Group 1: Financial Performance - In the first three quarters of 2021, the company achieved operating revenue of 9.264 billion yuan, a year-on-year increase of 21.22% [1] - The net profit attributable to shareholders was 319 million yuan, reflecting a year-on-year growth of 21.17% [1] - In Q3 2021, the operating revenue reached 3.330 billion yuan, with a net profit of 371 million yuan [1] Group 2: Business Expansion and Strategy - The company has a comprehensive sales network with 55 subsidiaries and over 100 offices across major cities in China, aiming to expand into lower-tier cities and underserved areas [1] - The "Zhongye Da Mall" achieved sales of approximately 5.284 billion yuan in the first three quarters of 2021, marking a year-on-year growth of 43.24% [2] - The company plans to enhance its charging station business, having sold over 50 units and operating 4 stations across about ten cities [2] Group 3: Accounts Receivable and Cash Flow - As of the end of Q3 2021, accounts receivable increased due to the sales peak period, with a seasonal characteristic of higher receivables at year-end [3] - The net cash flow from operating activities was negative, influenced by increased sales scale and customer settlement cycles [3] Group 4: Shareholder and Profit Distribution - In May 2021, the company disclosed a share reduction plan, with a total of 111,600 shares sold by a director, representing 0.0205% of the total share capital [3] - The company distributes profits through cash or a combination of cash and stock, with cash distributions not less than 30% of distributable profits, and over 50% in the last three years [3] Group 5: Future Strategic Planning - The company aims to enhance industry, product, and regional coverage, focusing on market demand and expanding into emerging industries [3] - Plans include strengthening the distribution network and technical service capabilities to provide timely and efficient products and services [3]