嘉元科技(688388) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,916,449,312.20, representing a year-on-year increase of 17.71%[2] - The net profit attributable to shareholders for Q3 2024 was a loss of ¥38,795,411.49, a decline of 485.10% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of ¥51,321,841.80[2] - The basic earnings per share for Q3 2024 was -¥0.09, compared to -¥0.34 in the same period last year[4] - The net profit for Q3 2024 was -148,470,422.14 RMB, compared to a net profit of 30,982,646.72 RMB in Q3 2023, indicating a significant decline[23] - The basic and diluted earnings per share for Q3 2024 were both -0.34 RMB, down from 0.07 RMB in Q3 2023[24] - The net operating profit for the first three quarters of 2024 was -¥100,500,259.72, a decline from a profit of ¥78,507,180.80 in the first three quarters of 2023[31] Cash Flow - The cash flow from operating activities for the year-to-date was -¥919,559,366.73, reflecting a decline of 289.86% compared to the same period last year[2] - Cash flow from financing activities included a net cash inflow of 561.84 million for the current reporting period, indicating an increase compared to the same period last year[11] - The company reported a net cash inflow from sales of goods and services of 61.01 million for the current reporting period, driven by an increase in orders[10] - Cash flow from operating activities for the first three quarters of 2024 was -919,559,366.73 RMB, compared to 484,341,044.95 RMB in the same period of 2023[25] - The company’s cash flow from operating activities showed a significant increase in cash outflows, rising from 3,093,464,411.35 RMB in 2023 to 5,483,759,302.46 RMB in 2024[25] - The net cash flow from operating activities for the first three quarters of 2024 was a negative CNY 1.07 billion, contrasting with a positive cash flow of CNY 822.56 million in the same period of 2023[34] - Cash inflows from operating activities totaled CNY 3.73 billion, while cash outflows amounted to CNY 4.79 billion, resulting in a net cash outflow of CNY 1.07 billion[34] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥12,606,342,608.89, a decrease of 1.52% compared to the end of the previous year[4] - The total liabilities at the end of the reporting period included short-term borrowings of 41.10 million, primarily due to increased bank loans[9] - The company's long-term borrowings at the end of the reporting period amounted to 64.10 million, resulting from additional long-term bank loans[9] - The total liabilities amounted to ¥5,456,307,346.63, slightly down from ¥5,497,267,516.74 in the previous year[19] - The equity attributable to shareholders decreased to ¥6,993,772,420.97 from ¥7,165,167,621.25, reflecting challenges in profitability[19] - The total current assets decreased to ¥6,721,419,214.28 from ¥6,935,637,042.74 at the end of 2023, reflecting a decline of approximately 3.08%[29] - The total liabilities as of September 30, 2024, were ¥4,420,316,862.56, compared to ¥4,355,825,630.24 at the end of 2023, indicating an increase of approximately 1.48%[29] Research and Development - Research and development expenses totaled ¥91,951,224.55 in Q3 2024, accounting for 4.80% of operating revenue, an increase of 2.44 percentage points year-on-year[4] - The company's R&D investment for the current reporting period reached 139.05 million, reflecting an increase in efforts for new product and technology development[9] - Research and development expenses for the first three quarters of 2024 were ¥44,666,150.77, up from ¥29,833,882.95 in 2023, indicating a focus on innovation[22] - Research and development expenses for the first three quarters of 2024 were ¥31,143,072.14, up from ¥29,833,882.95 in the same period of 2023[31] Operational Changes - The company has established a new subsidiary, Guangdong Jiayuan Liyuan Green Power Storage Co., Ltd., focusing on photovoltaic and energy storage businesses[16] - The company plans to set up Shenzhen Jiayuan New Materials Technology Innovation Co., Ltd. to engage in research and production of new materials, although gold-related business has been suspended due to unmet expectations[16] - The company received a regulatory warning from the Shanghai Stock Exchange regarding its operational practices and has submitted a rectification report[16] - The company has completed the cancellation of its subsidiaries Guangdong Jiayuan Haina and Shenzhen Jiayuan Haina due to lack of business operations[16] - The company aims to enhance the quality of information disclosure and operational standards to protect investor rights and promote sustainable development[16] Other Financial Metrics - The company reported a total of ¥12,526,430.31 in non-recurring gains for the current period[6] - The company’s total other income for the year-to-date period was 217.98 million, mainly due to increased VAT input tax credits[9] - The company’s investment income for the year-to-date period was reported at -221.74 million, primarily due to increased discount interest on receivables[10] - The company reported a significant increase in other income to ¥25,812,585.79 from ¥8,264,022.22 year-over-year[31]