SMTCL(000410)2024-10-28 09:58Financial Performance - The company's operating revenue for Q3 2024 was ¥259,236,710.03, representing a decrease of 25.74% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥42,440,722.60, a decline of 243.24% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,498,552.08, down 11.30% from the previous year[2]. - The net cash flow from operating activities for the year-to-date was -¥247,556,974.79, a significant decrease of 2,759.10% compared to the same period last year[2]. - The net loss for the period was CNY 6,799,498,309.55, compared to a loss of CNY 6,676,241,905.48 in the previous year[12]. - The net profit for Q3 2024 was -121,957,907.97 CNY, compared to -72,375,352.10 CNY in Q3 2023, representing an increase in net loss of approximately 68%[15]. - The total comprehensive income for Q3 2024 was -121,995,864.24 CNY, compared to -71,237,340.32 CNY in Q3 2023, reflecting a decline of about 71%[15]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥3,202,251,130.97, reflecting a slight increase of 0.99% from the end of the previous year[2]. - The equity attributable to shareholders decreased to ¥923,364,745.60, down 11.59% from the end of the previous year[2]. - Total liabilities increased to CNY 2,333,750,935.09 from CNY 2,182,885,969.20, representing an increase of 6.9%[13]. - The total non-current liabilities decreased to CNY 432,152,986.09 from CNY 616,627,867.48, a reduction of 30.0%[12]. Cash Flow - The net cash flow from financing activities was ¥140,979,917.00, a 175.77% increase, primarily due to increased borrowings[7]. - The company's cash and cash equivalents decreased from 385,900,771.97 RMB to 251,575,913.87 RMB, a decline of approximately 34.8%[11]. - Cash and cash equivalents at the end of the period stood at 234,306,351.42 CNY, down from 405,098,739.03 CNY, a decrease of approximately 42.2%[17]. - The company experienced a net cash outflow of -137,318,606.27 CNY in Q3 2024, compared to -161,542,408.74 CNY in Q3 2023, showing an improvement in cash flow management[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 67,384[8]. - The largest shareholder, China General Technology (Group) Holding, owns 42.90% of the shares, totaling 885,753,003 shares[8]. Operational Metrics - Research and development expenses increased by 185.84% to ¥11,764,479.18, indicating a focus on innovation[5]. - The company reported a significant increase in short-term borrowings, which rose by 195.17% to ¥475,433,620.53, indicating increased financing activities[5]. - The company experienced a 62.96% increase in accounts payable, reaching ¥511,171,555.11, reflecting higher procurement activities[5]. - Operating revenue from sales was 845,068,078.08 CNY, down from 976,014,307.49 CNY in the previous year, indicating a decline of about 13.4%[16]. - The company reported a total operating expense of 1,111,623,123.06 CNY, slightly up from 1,016,888,671.16 CNY year-over-year[16]. Inventory and Receivables - Accounts receivable increased from 326,322,337.43 RMB to 357,737,339.16 RMB, an increase of about 9.3%[11]. - Inventory rose from 609,897,254.44 RMB to 720,785,908.77 RMB, reflecting an increase of approximately 18.2%[11]. Regulatory and Compliance - The company received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application for issuing shares to purchase assets and raise supporting funds[10]. - The company responded to an inquiry from the Shenzhen Stock Exchange regarding its application for issuing shares to purchase assets on October 21, 2024[10].