Taihe(605081)2024-10-29 09:38Financial Performance - The company's operating revenue for Q3 2024 was ¥19,854,403.70, a decrease of 15.33% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥16,012,728.48, with a year-to-date net profit of -¥35,977,138.85, reflecting a 35.00% decline year-over-year[2][3]. - The basic and diluted earnings per share for Q3 2024 were both -¥0.14, a decrease of 34.69% compared to the same period last year[3][7]. - The weighted average return on equity for Q3 2024 was -1.24%, down 20.96 percentage points from the previous year[3][7]. - Total operating revenue for the first three quarters of 2024 was CNY 94,999,836.48, a decrease of 23.7% compared to CNY 124,557,379.31 in the same period of 2023[14]. - Net loss attributable to shareholders of the parent company for the first three quarters of 2024 was CNY -35,977,138.85, compared to a net loss of CNY -55,352,090.93 in the same period of 2023, showing an improvement of 34.9%[17]. - The company reported a net profit margin of -37.9% for the first three quarters of 2024, compared to -44.4% in the same period of 2023[17]. - The total comprehensive income for the first three quarters of 2024 was CNY -35,973,023.75, compared to CNY -55,423,963.79 in 2023, indicating a reduction in losses by 35.1%[17]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,558,337,776.27, a decrease of 15.52% from the end of the previous year[3]. - Shareholders' equity attributable to the company was ¥1,272,644,966.79, down 17.38% compared to the end of the previous year[3]. - Total liabilities decreased to CNY 284,555,989.73 in Q3 2024 from CNY 370,445,294.72 in Q3 2023, a decline of 23.2%[16]. - The company's total equity decreased to CNY 1,273,781,786.54 in Q3 2024 from CNY 1,310,189,862.78 in Q3 2023, a decrease of 2.8%[16]. Cash Flow - The company reported a net cash flow from operating activities that was not applicable for the current period[2]. - The net cash flow from operating activities was -96,746,711.36 CNY, slightly improved from -98,358,886.35 CNY in the previous year[18]. - Cash inflow from operating activities totaled 191,158,097.40 CNY, compared to 161,332,682.31 CNY in the same period last year, representing an increase of approximately 18.5%[18]. - Cash outflow from operating activities increased to 287,904,808.76 CNY from 259,691,568.66 CNY, marking an increase of about 10.8%[18]. - The net cash flow from investing activities was 59,635,177.48 CNY, down from 108,088,451.20 CNY year-over-year[19]. - The net cash flow from financing activities was -6,301,894.49 CNY, worsening from -3,194,216.81 CNY in the previous year[19]. - The ending cash and cash equivalents balance was 190,214,326.79 CNY, down from 220,213,946.79 CNY year-over-year[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,779[8]. - The largest shareholder, He Wenhui, holds 25,553,567 shares, representing 22.56% of total shares[9]. - The company has no significant changes in the top 10 shareholders due to securities lending activities[9]. Operational Insights - The decline in revenue was primarily attributed to macroeconomic factors and a reduction in new engineering projects[6]. - The company reported no significant reminders for investors regarding operational conditions during the reporting period[10]. - The company did not conduct an audit for the Q3 financial statements[2]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 133,853,746.40, down from CNY 182,086,444.00 in 2023, reflecting a reduction of 26.4%[14]. - Research and development expenses decreased significantly to CNY 6,283,086.93 in 2024 from CNY 18,572,747.50 in 2023, a reduction of 66.2%[16]. - The company reported a financial expense of CNY -928,626.82 in 2024, a significant improvement from CNY -4,582,394.67 in 2023[16].