SAL(603970)2024-10-28 09:39Financial Performance - The company's operating revenue for Q3 2024 was ¥1,983,574,106.84, a decrease of 4.65% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥17,029,680.43, down 42.37% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,381,048.75, a decrease of 43.82% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.0634, reflecting a decline of 42.36% year-on-year[2]. - The diluted earnings per share for Q3 2024 was also ¥0.0634, down 42.36% from the same period last year[2]. - Total operating revenue for the first three quarters of 2024 reached ¥8,515,473,903.72, a 1.79% increase from ¥8,365,559,155.60 in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was ¥189,083,445.32, compared to ¥203,878,245.66 in 2023, indicating a decrease of 7.3%[14]. - Total comprehensive income for the first three quarters of 2024 was ¥187,903,263.76, down from ¥204,373,400.94 in 2023[14]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,037,456,534.71, an increase of 0.49% from the end of the previous year[4]. - The equity attributable to shareholders was ¥1,492,864,506.45, up 3.70% compared to the end of the previous year[4]. - The company's total liabilities stood at RMB 4,384,895,588.55, down from RMB 4,414,071,387.39, showing a decrease of approximately 0.7%[12]. - Accounts receivable increased significantly to RMB 2,371,580,561.25, up from RMB 1,639,211,898.43, indicating a growth of about 45%[10]. - Inventory rose to RMB 1,667,902,917.30, compared to RMB 1,535,885,480.24, reflecting an increase of approximately 8.6%[11]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at ¥-393,628,926.06[2]. - Cash flow from operating activities showed a net outflow of ¥393,628,926.06, an improvement from a net outflow of ¥1,458,753,780.12 in 2023[16]. - The net cash flow from investment activities was 351,583,005.70 CNY, an increase from 301,055,714.68 CNY in the previous period, reflecting a growth of approximately 16.7%[17]. - The total cash inflow from financing activities was 1,086,895,712.90 CNY, down from 1,298,000,000.00 CNY, indicating a decrease of about 16.3%[17]. - The net cash flow from financing activities was -199,668,341.33 CNY, a significant decline compared to a positive net flow of 48,278,212.28 CNY in the previous period[17]. - The cash and cash equivalents at the end of the period amounted to 319,386,350.44 CNY, down from 461,582,033.94 CNY, representing a decrease of approximately 30.7%[17]. Investments and Expenses - Research and development expenses rose to ¥46,380,372.96, up from ¥40,757,824.00, reflecting a growth of 13.5%[13]. - The company reported investment income of ¥7,481,064.47, a significant decrease from ¥19,821,333.29 in the previous year[13]. - The company has maintained a stable long-term investment strategy, with long-term equity investments rising to RMB 30,217,540.55 from RMB 29,602,873.55[11]. Other Notable Points - The company reported non-recurring gains of ¥2,648,631.68 for the current period[6]. - The company is focusing on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the report[10]. - The company recorded a tax expense of ¥61,777,274.00, compared to ¥58,214,127.57 in the same period last year, representing an increase of 4.4%[14]. - The company received 7,970,000.00 CNY from minority shareholders as part of investment activities, marking a new source of cash inflow[17]. - The company has adopted new accounting standards starting from 2024, which may affect the financial reporting[17].