Annil (002875)2024-10-28 11:24Financial Performance - The company's revenue for Q3 2024 was ¥108,393,657.33, a decrease of 29.41% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥47,662,369.68, reflecting a slight increase of 0.40% year-on-year[2]. - The company's net loss increased to CNY -149,938,473.75, compared to a loss of CNY -72,196,957.34 in the previous year[21]. - The net profit for Q3 2024 was -78,658,911.79 CNY, compared to -74,816,539.29 CNY in Q3 2023, indicating a year-over-year decline of approximately 5.0%[24]. - Operating profit for Q3 2024 was -76,113,123.80 CNY, slightly worse than -75,943,596.32 CNY in the same period last year[24]. - The total comprehensive income for Q3 2024 was -78,658,911.79 CNY, compared to -74,816,539.29 CNY in Q3 2023, reflecting a decline of approximately 5.0%[25]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥46,425,263.49, a significant decline of 452.23% compared to the previous year[2]. - Cash flow from operating activities showed a net outflow of -46,425,263.49 CNY, contrasting with a positive inflow of 13,180,355.71 CNY in Q3 2023[27]. - Cash and cash equivalents decreased to CNY 525,974,633.92 from CNY 815,782,598.67, representing a decline of about 36%[20]. - The company reported cash and cash equivalents at the end of Q3 2024 amounting to 508,377,089.59 CNY, down from 710,445,842.79 CNY at the end of Q3 2023, a decrease of approximately 28.5%[28]. - The company incurred total cash outflows from financing activities of 310,054,310.81 CNY in Q3 2024, compared to 248,985,835.95 CNY in the same period last year, representing an increase of about 24.5%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,102,938,558.56, down 20.60% from the end of the previous year[2]. - The total assets decreased to CNY 1,102,938,558.56 from CNY 1,389,169,664.60, reflecting a decline of approximately 21%[21]. - The company’s total liabilities decreased significantly, with long-term borrowings down 86.59% to ¥29,500,000.00 compared to the previous year[7]. - Non-current liabilities decreased significantly from CNY 271,849,991.67 to CNY 73,904,908.29, a decline of approximately 73%[21]. - Short-term borrowings decreased to CNY 60,000,000.00 from CNY 100,094,555.56, a reduction of about 40%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,907[11]. - The largest shareholder, Cao Zhang, holds 19.13% of shares, totaling 40,749,892 shares[11]. - The second-largest shareholder, Wang Jianqing, holds 8.25% of shares, totaling 17,576,937 shares[11]. - The company has 12,780,293 shares held by Zhejiang Yongxi Investment Management Co., Ltd. as part of the top ten shareholders[12]. - The company has not identified any related party relationships among the top ten shareholders[12]. Stock Option Incentive Plan - The company has implemented a stock option incentive plan, with 7,618,171 options granted at an exercise price of 14.50 RMB per share[15]. - The stock option incentive plan has a total of 1,916,451 options to be canceled due to performance not meeting targets[17]. - The company completed the registration of the stock option incentive plan on July 27, 2023[15]. - The stock option plan was publicly announced and no objections were raised by employees during the public notice period[16]. - The company has a total of 3,296,451 stock options canceled as of September 18, 2024[17]. Operating Activities - Total operating revenue for the third quarter was CNY 451,903,210.30, a decrease of 20% compared to CNY 563,902,105.87 in the same period last year[23]. - Total operating costs for the third quarter were CNY 531,578,263.99, down from CNY 655,756,542.46, reflecting a reduction of approximately 19%[23]. - The company reported a significant increase in tax expenses to CNY 4,638,553.23 from CNY 2,715,576.84, an increase of about 71%[23]. - Research and development expenses for the quarter were CNY 20,996,706.63, down from CNY 25,324,948.41, a decrease of about 17%[23]. - Cash received from other operating activities increased by 255.41% to ¥90,565,217.00, primarily due to advances from controlling shareholders[9].