长远锂科(688779) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 1,266,381,100.93, a decrease of 63.56% year-over-year[2] - Net profit attributable to shareholders of the listed company was RMB -106,535,292.98, a decrease of 1,479.30% year-over-year[2] - Basic earnings per share for the quarter were RMB -0.06, a decrease of 325.00% year-over-year[2] - Revenue for the current reporting period decreased by 63.56% due to the impact of market conditions and a decline in the price of upstream raw materials, lithium salts[7] - Revenue from the beginning of the year to the end of the reporting period decreased by 54.90% due to price transmission leading to a year-on-year decline in product sales prices[7] - Net profit attributable to shareholders of the listed company for the current reporting period decreased by 1,479.30%[7] - Net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period decreased by 338.75%[7] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses from the beginning of the year to the end of the reporting period decreased by 960.77% due to intensified market competition and lower capacity utilization[7] - Total revenue for the first three quarters of 2024 was 3,773,132,152.18 RMB, a significant decrease from 8,365,456,893.06 RMB in the same period of 2023[15] - Net profit for the third quarter of 2024 was -172,465,635.37 RMB, compared to 72,235,981.38 RMB in the same period last year[16] - Net profit for the first three quarters of 2024 was not explicitly stated, but the decrease in revenue and increase in operating costs suggest a significant decline compared to 2023[15] - Total comprehensive income for the third quarter of 2024 was -172,465,635.37 RMB, compared to 72,235,981.38 RMB in the same period last year[17] - Basic earnings per share for the third quarter of 2024 was -0.09 RMB, compared to 0.04 RMB in the same period last year[17] R&D Investment - R&D investment for the quarter was RMB 58,323,012.16, a decrease of 49.50% year-over-year[3] - R&D investment as a percentage of revenue increased by 1.29 percentage points to 4.61%[3] - R&D investment for the current reporting period decreased by 49.50%[7] - R&D investment from the beginning of the year to the end of the reporting period decreased by 34.95% due to reduced material input costs as a result of lower lithium salt prices[7] - R&D expenses for the first three quarters of 2024 were 178,592,494.20 RMB, down from 274,557,287.27 RMB in the same period of 2023[15] Assets and Liabilities - Total assets at the end of the reporting period were RMB 12,963,787,771.55, a decrease of 8.43% compared to the end of the previous year[3] - Equity attributable to shareholders of the listed company was RMB 7,377,691,787.48, a decrease of 2.28% compared to the end of the previous year[3] - Total assets as of September 30, 2024, were 12,963,787,771.55 RMB, compared to 14,156,607,899.48 RMB at the end of 2023[12] - Total liabilities as of September 30, 2024, were 5,586,095,984.07 RMB, down from 6,606,454,272.15 RMB at the end of 2023[13] - Total equity attributable to the parent company as of September 30, 2024, was 7,377,691,787.48 RMB, down from 7,550,153,627.33 RMB at the end of 2023[13] Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2024, were 2,762,814,527.67 RMB, a decrease from 3,842,360,354.61 RMB at the end of 2023[11] - Accounts receivable as of September 30, 2024, were 1,679,281,476.30 RMB, down from 2,871,863,779.23 RMB at the end of 2023[11] - Inventory as of September 30, 2024, was 1,329,996,881.34 RMB, more than double the 618,452,033.98 RMB at the end of 2023[11] - Operating cash flow for the first three quarters of 2024 was -434,129,511.19 RMB, an improvement from -2,743,084,193.60 RMB in the same period last year[18] - Total cash and cash equivalents at the end of the third quarter of 2024 were 2,510,565,551.88 RMB, down from 3,762,851,693.26 RMB at the beginning of the year[19] - Investment cash flow for the first three quarters of 2024 was -270,732,019.52 RMB, compared to -253,494,796.02 RMB in the same period last year[18] - Financing cash flow for the first three quarters of 2024 was -547,670,228.72 RMB, compared to -391,016,740.88 RMB in the same period last year[18] - Total cash inflows from operating activities for the first three quarters of 2024 were 2,925,617,038.53 RMB, up from 2,148,697,982.44 RMB in the same period last year[17] - Total cash outflows from operating activities for the first three quarters of 2024 were 3,359,746,549.72 RMB, down from 4,891,782,176.04 RMB in the same period last year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,593[7] - China Minmetals Corporation holds 17.16% of the shares, making it the largest shareholder[8] - Changsha Research Institute of Mining and Metallurgy Co., Ltd. also holds 17.16% of the shares, tied as the largest shareholder[8] Government Subsidies and Non-Recurring Items - Government subsidies for the quarter amounted to RMB 7,699,975.07[4] - Non-recurring gains and losses for the quarter totaled RMB 13,677,216.62[5] Operating Costs and Sales - Total operating costs for the first three quarters of 2024 were 3,948,590,969.94 RMB, slightly higher than the 8,301,574,612.73 RMB in the same period of 2023[15] - Sales revenue from goods and services for the first three quarters of 2024 was 2,587,157,077.20 RMB, up from 1,766,604,125.24 RMB in the same period last year[17] Return on Equity - Weighted average return on equity for the quarter was -1.43%, a decrease of 1.53 percentage points year-over-year[3]