Financial Performance - The company's revenue for Q3 2024 was ¥347,904,341.09, representing a decrease of 3.00% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥17,215,799.50, a decline of 331.25% year-over-year[2]. - The company's basic earnings per share for Q3 2024 was -¥0.1, a decrease of 400.00% compared to the same period last year[2]. - The net profit for the third quarter was a loss of ¥14,193,586.39, slightly improved from a loss of ¥15,093,126.80 in the previous year[16]. - The total operating revenue for the third quarter of 2024 reached ¥1,029,824,012.63, an increase of approximately 8.06% compared to ¥952,928,387.06 in the same period last year[14]. - The total operating costs amounted to ¥1,053,735,680.29, up from ¥970,067,714.20, reflecting a year-over-year increase of about 8.59%[15]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥171,414,586.39, reflecting a decrease of 125.35% compared to the previous year[7]. - The net cash flow from operating activities for the current period is -171,414,586.39 CNY, compared to -76,065,440.87 CNY in the previous period, indicating a significant decline[18]. - Total cash inflow from operating activities is 894,821,129.11 CNY, down from 960,762,179.10 CNY year-over-year[18]. - Cash outflow from operating activities increased to 1,066,235,715.50 CNY from 1,037,901,526.59 CNY, reflecting higher operational costs[18]. - The net cash flow from investing activities is -183,999,390.59 CNY, compared to -105,669,408.46 CNY in the previous period, indicating increased investment expenditures[19]. - The net cash flow from financing activities increased by 23.01% to ¥507,744,775.81, driven by the receipt of bank acceptance bills and increased financing leases[8]. - Cash inflow from financing activities totaled 647,010,703.73 CNY, up from 489,004,736.32 CNY, showing improved financing efforts[19]. - The ending balance of cash and cash equivalents is 372,598,629.61 CNY, down from 492,966,147.21 CNY, indicating a decrease in liquidity[19]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥2,542,841,427.06, an increase of 22.58% from the end of the previous year[2]. - The company's total liabilities increased to ¥977,098,490.49, compared to ¥458,624,162.32 in the same period last year, indicating a significant rise of approximately 113.5%[15]. - The total current liabilities reached ¥929,263,792.31, a significant increase from ¥443,358,765.21, marking an increase of approximately 109.4%[15]. - The total owner's equity decreased to ¥1,565,742,936.57 from ¥1,615,836,522.96, showing a decline of about 3.09%[15]. - The company's total current assets increased to ¥1,471,349,788.79 from ¥1,155,201,124.17, representing a growth of approximately 27.3%[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,916, with the top 10 shareholders holding 73.06% of the shares[9]. - Ganzhou Yihau Group Co., Ltd. holds 52.06% of the shares, amounting to 88,022,985 shares[9]. - The top 10 shareholders include UBS AG and Goldman Sachs, holding 893,126 and 723,772 shares respectively[10]. - The company has a share repurchase account holding 3,271,742 shares, which accounts for 1.94% of the total share capital[10]. - The company has not disclosed any significant changes in the shareholding structure due to margin trading activities[11]. Operational Expenses - The company recorded a 52.91% increase in operating expenses, amounting to ¥7,565,937.54, mainly due to business expansion costs[6]. - Research and development expenses for the quarter were ¥24,766,985.23, slightly down from ¥25,962,701.93 year-over-year[15]. - The company reported a financial expense of ¥6,350,274.38, which increased from ¥5,123,861.41 in the previous year[15]. - Employee compensation payments increased to 80,922,587.82 CNY from 72,293,162.13 CNY, reflecting higher labor costs[18]. Future Outlook - The company plans to continue focusing on market expansion and new product development to improve future performance[16].
逸豪新材(301176) - 2024 Q3 - 季度财报