DFGC(000679)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥42,632,943.31, representing a slight increase of 0.01% compared to the same period last year[2] - The net profit attributable to shareholders was -¥12,543,546.43, a significant decrease of 793.61% year-on-year[2] - The net profit excluding non-recurring gains and losses was -¥12,724,856.85, which is an increase of 4.63% compared to the previous year[2] - The basic and diluted earnings per share were both -¥0.035, reflecting a decrease of 800.00% year-on-year[2] - Net profit for Q3 2021 was a loss of CNY 47,550,803.32, compared to a net profit of CNY 10,251,204.10 in Q3 2020, indicating a significant decline[17] - The company's basic and diluted earnings per share for Q3 2021 were both -0.109, down from 0.08 in the same period last year[17] - The company reported a total comprehensive loss of CNY 47,550,803.32 for Q3 2021, compared to a comprehensive income of CNY 10,251,204.10 in Q3 2020[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,250,338,140.76, down 6.98% from the end of the previous year[2] - As of September 30, 2021, the total current assets amount to CNY 280,748,417.79, down from CNY 366,826,499.90 at the end of 2020, representing a decrease of about 23.4%[11] - The company's non-current assets total CNY 969,589,722.97, slightly down from CNY 977,350,661.37, a decrease of about 0.8%[12] - The total liabilities as of September 30, 2021, are CNY 621,250,538.26, down from CNY 667,538,755.45, reflecting a decrease of approximately 6.9%[13] Cash Flow - The company's cash flow from operating activities was -¥29,089,766.81, indicating a decline of 101.50% year-to-date[2] - Cash flow from operating activities showed a net outflow of CNY -29,089,766.81 in Q3 2021, compared to a net inflow of CNY 1,934,420,433.17 in Q3 2020[19] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 126,609,712.75, down from CNY 197,009,127.91 at the end of Q3 2020[21] - The company's cash and cash equivalents decreased to CNY 147,763,731.75 from CNY 169,101,648.93, a decline of approximately 12.6%[11] - The net cash flow from investment activities was CNY 59,413,332.16 in Q3 2021, compared to a net outflow of CNY -422,443,600.24 in Q3 2020[21] Operating Costs and Expenses - The company's operating costs increased by 52.27% compared to the beginning of the year, primarily due to adjustments in accounting standards[6] - Total operating costs for Q3 2021 were CNY 181,145,749.82, an increase from CNY 145,079,046.09 in Q3 2020, representing a growth of approximately 24.9%[16] - Financial expenses increased by 337.96% year-on-year, mainly due to interest expenses related to the disposal of subsidiary equity[6] - The company incurred financial expenses of CNY 21,340,364.66 in Q3 2021, significantly higher than CNY 4,872,720.26 in Q3 2020[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,592, with the largest shareholder holding 28.06% of the shares[6] Government Subsidies - The company received government subsidies amounting to ¥181,210.00 during the reporting period, with total non-recurring gains and losses of ¥181,310.42[4] Legal and Regulatory Matters - The company has ongoing litigation related to acquisition disputes, with the case currently under review by the Supreme People's Court[9] - The company is undertaking a project to rectify areas of the Jinshigu Golf Course that overlap with a national scenic area, with potential financial implications yet to be assessed[9] Leasing and Loans - The company has renewed a lease for a property with a total area of 6,767.83 square meters at a rental rate of CNY 2.25 per square meter per day, resulting in an annual rent of CNY 5,558,080.39[8] - The company plans to extend two existing loans totaling CNY 22,000,000 at an interest rate of 8.6% until December 31, 2021[8] Accounting Standards - The company implemented the new leasing standards starting January 1, 2021, without needing to adjust the beginning balance sheet items[22] - All existing lease contracts as a lessee were treated as short-term leases or low-value asset leases, thus no retrospective adjustments were necessary[22] Audit Status - The third quarter report for 2021 was not audited[24]