BIYI(603215)2024-10-24 09:44Financial Performance - The company's operating revenue for Q3 2024 reached ¥619,150,464.40, representing a 51.60% increase compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥33,672,386.71, a decrease of 30.61% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥32,623,247.28, down 36.05% from the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.18, reflecting a decline of 30.77% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 1,479,505,421.84, an increase of 17.4% compared to CNY 1,259,590,678.75 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was CNY 98,220,926.28, a decrease of 44.1% from CNY 175,584,946.35 in the same period of 2023[14] - Earnings per share for the first three quarters of 2024 were CNY 0.54, down from CNY 0.94 in the same period of 2023[14] - The company’s total comprehensive income for the first three quarters of 2024 was CNY 103,161,585.84, down from CNY 175,584,946.35 in the same period of 2023[14] - The company’s total comprehensive income for the period was CNY 113,099,917.28, compared to CNY 176,492,600.87 in the previous year[22] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥2,515,754,254.69, an increase of 51.54% from the end of the previous year[3] - As of September 30, 2024, total assets amounted to CNY 2,518,607,176.45, an increase of 52.5% from CNY 1,650,046,911.90 at the end of 2023[19] - Total liabilities as of the end of Q3 2024 amounted to CNY 1,380,089,951.98, compared to CNY 544,135,062.10 at the end of Q3 2023[12] - The total liabilities increased to CNY 1,376,598,519.67, compared to CNY 531,014,784.07 in the previous year, reflecting a significant rise in financial obligations[20] - Total equity as of the end of Q3 2024 was CNY 1,135,664,302.71, slightly up from CNY 1,116,026,105.20 in the previous year[12] - The company’s equity increased to CNY 1,142,008,656.78 from CNY 1,119,032,127.83, reflecting a slight growth in shareholder equity[20] Cash Flow - The cash flow from operating activities for the year-to-date period was negative at -¥35,390,318.28, a decrease of 115.84% compared to the previous year[2] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 1,175,809,080.07, a decrease of 7.73% compared to CNY 1,274,177,069.04 in the same period of 2023[16] - The net cash flow from operating activities was negative CNY 35,390,318.28, contrasting with a positive CNY 223,404,164.18 in the first three quarters of 2023[16] - The total cash inflow from investment activities was CNY 509,625,294.74, up from CNY 437,639,531.02 in the previous year, marking an increase of 16.43%[17] - The net cash flow from investment activities was negative CNY 270,607,300.68, worsening from negative CNY 77,090,773.22 in the same period last year[17] - The cash inflow from financing activities totaled CNY 520,777,200.00, significantly higher than CNY 33,885,837.55 in the previous year[17] - The net cash flow from financing activities was CNY 383,799,333.75, a recovery from negative CNY 78,075,617.70 in the same period of 2023[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,979[8] - The largest shareholder, Biyi Group Co., Ltd., holds 104,996,250 shares, representing 55.69% of the total shares[8] Operational Insights - The company reported a significant increase in sales orders, contributing to the rise in operating revenue[6] - The decrease in net profit was primarily attributed to increased labor costs and reduced foreign exchange gains[6] - The company has not disclosed any new product developments or market expansion strategies in this report[2] - Research and development expenses for the first three quarters of 2024 were CNY 45,153,665.39, a slight decrease from CNY 46,963,882.69 in the same period of 2023[13] - The company reported a financial asset impairment loss of CNY 282,967.01 in the first three quarters of 2024, compared to a loss of CNY 772,373.18 in the previous year[13] - The company reported a decrease in sales expenses to CNY 10,015,116.76 from CNY 12,205,553.60 year-over-year, indicating improved cost management[21]