CONBA(600572)2024-10-29 08:38Financial Performance - In Q3 2024, the company achieved revenue of CNY 1,464,554,938.58, representing a year-on-year increase of 3.16%[4] - For the first nine months of 2024, the company reported total revenue of CNY 4,913,007,257.68, a decrease of 5.23% compared to the same period last year[4] - The net profit attributable to shareholders in Q3 2024 was CNY 136,258,940.26, an increase of 27.22% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first nine months of 2024 was CNY 424,242,014.21, down 16.84% year-on-year[5] - Total operating revenue for the first three quarters of 2024 was CNY 4,913,007,257.68, a decrease of 5.2% compared to CNY 5,184,266,884.99 in the same period of 2023[21] - Operating profit for the first three quarters of 2024 was CNY 655,291,755.35, down 18.6% from CNY 805,821,869.27 in the first three quarters of 2023[21] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 518,457,602.54, a decrease of 16.9% compared to CNY 623,237,394.18 in the same period of 2023[22] - The company reported a comprehensive income total of CNY 546,265,073.60 for the first three quarters of 2024, compared to CNY 699,887,141.20 in the same period of 2023[22] Cash Flow and Assets - The company’s cash flow from operating activities for the first nine months of 2024 decreased by 30.37% year-on-year, totaling CNY 458,455,069.75[2] - The net cash flow from operating activities decreased by 30.37% compared to the same period last year, primarily due to reduced cash receipts from sales[8] - The net cash flow from operating activities for Q3 2024 was CNY 458,455,069.75, a decrease of 30.4% compared to CNY 658,417,306.12 in Q3 2023[24] - The company reported a decrease in cash inflow from operating activities, totaling CNY 4,887,720,514.64, down from CNY 5,150,063,148.68 in Q3 2023[24] - Cash and cash equivalents decreased by 68.75% due to the payment of dividends for the year 2023[8] - As of September 30, 2024, the company's cash and cash equivalents decreased to approximately ¥803.16 million from ¥2.57 billion at the end of 2023, representing a decline of about 68.8%[16] - The company's cash and cash equivalents at the end of Q3 2024 were CNY 574,423,644.68, down from CNY 2,140,028,244.30 at the end of Q3 2023[25] - The total current assets decreased to approximately ¥4.35 billion from ¥5.78 billion, a decline of about 24.8%[16] - The company's total assets decreased to approximately ¥9.75 billion from ¥11.24 billion, a reduction of about 13.2%[17] Liabilities and Equity - The total liabilities decreased to CNY 2,994,352,739.40 in Q3 2024 from CNY 3,888,598,821.58 in Q3 2023, reflecting a reduction of 23.0%[21] - The total current liabilities decreased to approximately ¥2.46 billion from ¥3.17 billion, a reduction of about 22.4%[17] - The total equity attributable to shareholders of the parent company was CNY 6,654,671,621.88 in Q3 2024, down 5.5% from CNY 7,041,063,708.95 in Q3 2023[21] - The total equity decreased to CNY 5,844,825,233.95 from CNY 6,058,104,268.30 year-over-year[29] Research and Development - The company’s R&D expenses increased by approximately CNY 44,000,000 compared to the same period last year, impacting operating profit[5] - Research and development expenses increased to CNY 208,220,816.80 in the first three quarters of 2024, up 26.7% from CNY 164,334,399.78 in the same period of 2023[21] - Research and development expenses decreased to ¥31,681,343.09 in 2024 from ¥34,068,733.41 in 2023, showing a reduction of approximately 7.0%[30] Governance Changes - The company completed the election of the 11th Board of Directors and Supervisory Board on August 16, 2024, indicating a change in governance structure[14] - The company has made changes to its legal representative, with the new representative being the current chairman, Jiang Yi, as of August 21, 2024[14] Other Financial Metrics - The diluted earnings per share for Q3 2024 was CNY 0.035, a decrease of 14.63% compared to the same period last year[3] - Basic earnings per share for the first three quarters of 2024 were CNY 0.205, down from CNY 0.243 in the same period of 2023[22] - The company reported a decrease in financial expenses, with interest expenses falling to ¥33,375,668.34 in 2024 from ¥44,545,931.87 in 2023, a reduction of about 25.1%[30] - Investment income for the first three quarters of 2024 was ¥599,129,728.38, down from ¥1,014,996,916.07 in 2023, indicating a decline of approximately 41.0%[30]