TGCF(301217)2024-10-27 07:38Financial Performance - The company's operating revenue for Q3 2024 was ¥1,148,100,352.38, representing a 12.12% increase compared to the same period last year[2]. - The net profit attributable to shareholders was -¥41,592,830.50, a decrease of 86.09% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥48,294,604.84, down 75.12% from the previous year[2]. - The company’s basic earnings per share for Q3 2024 was -¥0.05, a decline of 66.67% year-on-year[2]. - Net profit attributable to shareholders decreased to CNY 381,904,320.90 from CNY 532,015,585.00, representing a decline of 28.3%[15]. - The net profit for the third quarter of 2024 was -100,370,331.46 CNY, compared to a net profit of 5,845,188.87 CNY in the same period last year, indicating a significant decline[17]. - The total profit for the quarter was -137,078,190.52 CNY, down from 6,824,133.41 CNY year-over-year[17]. - Operating profit for the quarter was -135,809,339.30 CNY, compared to an operating profit of 6,855,879.78 CNY in the previous year[17]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥7,121,557,796.51, an increase of 2.61% from the end of the previous year[2]. - The company’s total liabilities increased by 108.83% for short-term borrowings, reaching ¥504,695,287.43, due to increased working capital needs[5]. - Total assets increased to CNY 7,121,557,796.51, compared to CNY 6,940,483,259.45, marking a growth of 2.6%[15]. - Total liabilities rose to CNY 1,686,572,529.49, up from CNY 1,361,074,708.00, indicating a significant increase of 24.0%[15]. - The total equity attributable to shareholders decreased to CNY 5,434,985,267.02 from CNY 5,579,408,551.45, a decline of 2.6%[15]. Cash Flow - The company's cash flow from operating activities was -¥323,863,678.36, showing a 56.08% improvement compared to the same period last year[7]. - Cash flow from operating activities showed a net outflow of -323,863,678.36 CNY, an improvement from -737,332,618.42 CNY in the same period last year[19]. - Cash flow from investment activities resulted in a net outflow of -430,666,004.70 CNY, compared to -107,990,510.89 CNY in the previous year[20]. - Cash flow from financing activities generated a net inflow of 185,781,546.11 CNY, down from 341,384,388.49 CNY year-over-year[20]. - The company reported total cash and cash equivalents at the end of the period of 708,161,406.72 CNY, down from 1,108,888,033.53 CNY at the end of the previous year[20]. Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 53.75% to ¥985,347,958.84, attributed to increased sales[5]. - Accounts receivable increased to ¥985,347,958.84 from ¥640,873,337.80, reflecting a growth of about 53.7%[13]. - Inventory at the end of the period was ¥687,294,239.80, up from ¥595,467,518.68, indicating an increase of approximately 15.4%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 45,656[8]. - The largest shareholder, Hefei Guoxuan High-Tech Power Energy Co., Ltd., holds 72.38% of the shares, totaling 600,000,000 shares[8]. Research and Development - Research and development expenses for the period were CNY 45,746,161.03, slightly down from CNY 49,556,533.06, a decrease of 7.0%[16]. - The company has not disclosed any new product or technology developments in the current report[12]. Other Financial Metrics - The company received government subsidies amounting to ¥5,654,729.24 during the quarter, contributing to its non-recurring gains[3]. - The company recorded asset impairment losses of -31,077,500.28 CNY for the quarter[17]. - The company reported a financial expense of CNY 12,570,621.14, compared to a financial income of CNY 6,755,939.55 in the previous year[16]. - Deferred income tax assets increased to CNY 106,686,670.37 from CNY 71,086,088.74, a rise of 50.1%[15]. - The company's cash and cash equivalents at the end of the period amounted to ¥708,161,406.72, down from ¥1,276,933,433.36 at the beginning of the period, representing a decrease of approximately 44.5%[13]. - The company's cash flow from investing activities was -¥430,666,004.70, a decrease of 298.80% compared to the same period last year, primarily due to reduced cash management redemptions[7].