CEET(002579)2024-10-28 11:54Financial Performance - The company's revenue for Q3 2024 was ¥740,578,365.60, representing a 16.27% increase year-over-year[2] - The net profit attributable to shareholders was -¥20,652,715.62, a decrease of 3.38% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was -¥20,649,118.58, reflecting an 18.44% increase in losses year-over-year[2] - Total operating revenue for Q3 2024 reached CNY 2,074,615,484.16, an increase of 7.73% compared to CNY 1,925,955,493.91 in the same period last year[12] - Operating costs amounted to CNY 2,182,470,221.39, up from CNY 2,053,567,161.21, reflecting a year-over-year increase of 6.26%[12] - The net loss for Q3 2024 was CNY 97,444,236.40, compared to a net loss of CNY 110,184,597.77 in Q3 2023, indicating an improvement in financial performance[13] - Basic earnings per share for Q3 2024 were reported at -0.15, an improvement from -0.18 in the previous year[13] - The total comprehensive income for Q3 2024 was CNY -95,010,036.16, an improvement from CNY -112,405,280.93 in Q3 2023[13] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥6,148,744,860.82, down 5.65% from the end of the previous year[2] - The total liabilities decreased from 4,029,639,601.04 CNY to 3,762,840,983.25 CNY, a decline of approximately 6.6%[10] - The total liabilities decreased to CNY 3,547,930,387.73 from CNY 3,823,594,086.57, showing a reduction of approximately 7.2%[12] - The company's equity attributable to shareholders decreased by 3.59% to ¥2,401,967,133.58 compared to the end of the previous year[2] - The total equity attributable to shareholders of the parent company was CNY 2,401,967,133.58, down from CNY 2,491,287,061.60, a decline of about 3.59%[12] Cash Flow - Cash flow from operating activities for the year-to-date was ¥181,827,105.72, an increase of 8.18% year-over-year[2] - The net cash flow from operating activities for the current period is ¥181,827,105.72, an increase from ¥168,083,966.43 in the previous period, reflecting a growth of approximately 1.03%[15] - Total cash inflow from operating activities is ¥2,076,056,059.79, down from ¥2,338,511,886.25, indicating a decrease of about 11.2% year-over-year[15] - Cash outflow from operating activities decreased to ¥1,894,228,954.07 from ¥2,170,427,919.82, representing a reduction of approximately 12.7%[15] - The net cash flow from investment activities improved by 81.28%, amounting to -¥54,925,336.86, indicating reduced capital expenditures[6] - The net cash flow from financing activities was -¥393,650,213.78, a decrease of 204.20% year-over-year, reflecting a strategy to optimize the capital structure[6] - Cash inflow from financing activities totaled ¥473,107,602.33, significantly lower than ¥1,137,552,594.85 from the previous period, a decrease of about 58.4%[15] - The net cash flow from financing activities is -¥393,650,213.78, contrasting with a positive cash flow of ¥377,780,024.24 in the previous period[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 73,966[7] - The largest shareholder, Huizhou Jinggang Investment Development Co., Ltd., holds 19.06% of shares, totaling 116,758,454 shares[7] - There are no changes in the top 10 shareholders due to margin trading activities[8] Other Financial Metrics - Other income increased by 50.44% to ¥18,486,511.01, primarily due to increased government subsidies[6] - Research and development expenses increased to CNY 115,440,560.64, up from CNY 103,531,401.58, representing a growth of 11.67% year-over-year[12] - The company reported a decrease in financial expenses to CNY 54,999,177.28 from CNY 60,921,207.58, a reduction of approximately 9.8%[12] - Other comprehensive income attributable to shareholders of the parent company was CNY 2,434,200.24, compared to a loss of CNY 2,220,683.16 in the previous year[13] Inventory and Receivables - Accounts receivable increased from 801,190,074.44 CNY to 825,488,610.93 CNY, reflecting a growth of about 3.5%[10] - Inventory rose from 598,215,212.81 CNY to 660,894,863.21 CNY, an increase of approximately 10.5%[10] Cash and Cash Equivalents - The company reported a significant reduction in cash and cash equivalents, down 58.76% to ¥216,623,756.96[6] - The company's cash and cash equivalents decreased from 525,241,777.24 CNY to 216,623,756.96 CNY, a decline of approximately 58.8%[9] - The ending balance of cash and cash equivalents is ¥124,167,455.05, down from ¥441,505,797.51, a decline of approximately 71.9%[16] - The company received tax refunds of ¥1,239,512.88, a decrease from ¥6,013,220.19 in the previous period, reflecting a decline of about 79.4%[15] - The company paid ¥441,779,380.95 to employees, which is an increase from ¥415,996,724.36, showing a growth of approximately 6.2%[15] - The company reported a cash outflow of ¥55,849,295.05 for investing activities, down from ¥314,066,107.05, indicating a decrease of about 82.2%[15] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[8]