Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 107753900000.0 (%).Trend:Increase 20.5% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 101790000000.0 (%).Trend:Decrease 5.53% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 95990800000.0 (%).Trend:Decrease 5.7% than previous quarter

Overall: decreasing (-10.92%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 100979000000.0 (%).Trend:Increase 11.99% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 93004900000.0 (%).Trend:Decrease 7.9% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 87215500000.0 (%).Trend:Decrease 6.22% than previous quarter

Overall: decreasing (-13.63%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 16018900000.0 (%).Trend:Decrease 69.69% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 11638500000.0 (%).Trend:Decrease 27.35% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 12814900000.0 (%).Trend:Increase 10.11% than previous quarter

Overall: decreasing (-20.0%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22519400000.0 (%).Trend:Decrease 72.02% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42652400000.0 (%).Trend:Increase 89.4% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 66342500000.0 (%).Trend:Increase 55.54% than previous quarter

Overall: increasing (194.6%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 7.2 (%).Trend:Decrease 66.34% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 5.51 (%).Trend:Decrease 23.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.32 (%).Trend:Increase 14.7% than previous quarter

Overall: decreasing (-12.22%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -8.95 (USD).Trend:Decrease 692.72% than previous quarter
Year 2020 Quarter 2: Earning Per Share -9.94 (USD).Trend:Increase 11.06% than previous quarter
Year 2020 Quarter 3: Earning Per Share -9.67 (USD).Trend:Decrease 2.72% than previous quarter

Overall: decreasing (8.04%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2020 exhibit a negative overall trend, with decreases in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue are both decreasing, suggesting a tightening of short-term financial positions. The ratio of retained earnings to revenue is declining sharply, indicating lower profitability.  Selling, general, and administrative (SG&A) expenses are increasing, despite a significant decrease in the first quarter of 2021.  Earnings per share are consistently negative, signifying substantial losses. Overall, the financial performance shows a negative trend with considerable variability and potential for significant losses.