KBC(688598)2024-10-29 10:14Financial Performance - Revenue for the third quarter was ¥97,326,976.95, a decrease of 64.10% compared to the same period last year[2] - Net profit attributable to shareholders was -¥42,751,563.60, representing a decline of 248.28% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥54,662,793.35, a decrease of 6,427.84% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 440,483,015.66, a decrease of 49.9% compared to CNY 877,664,514.67 in the same period of 2023[17] - The company's net loss for the first three quarters of 2024 was CNY -179,616,621.33, compared to a profit of CNY 322,774,000.85 in the same period of 2023[17] - The total profit for the first three quarters of 2024 is -181,974,451.97 RMB, a significant decline from 356,711,945.94 RMB in the same period of 2023, representing a decrease of approximately 151%[18] - The net profit attributable to shareholders of the parent company is -145,928,596.31 RMB, compared to 311,911,619.29 RMB in the previous year, marking a decline of about 146%[19] - The basic earnings per share for the first three quarters of 2024 is -0.71 RMB, down from 1.51 RMB in the same period of 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,719,215,201.89, down 6.17% from the end of the previous year[4] - Non-current assets totaled CNY 4,093,792,542.03 as of September 30, 2024, an increase of 9.5% from CNY 3,738,360,299.16 at the end of 2023[16] - Total liabilities decreased to CNY 865,806,527.24 from CNY 1,097,542,392.12, a reduction of 21.0%[16] - The company's total equity as of September 30, 2024, was CNY 5,853,408,674.65, down from CNY 6,063,601,573.01 at the end of 2023, reflecting a decrease of 3.5%[16] - Total assets as of September 30, 2024, were CNY 6,705,359,903.92, down from CNY 7,070,530,426.56 at the end of 2023, representing a decrease of 5.15%[23] - Total liabilities decreased to CNY 833,659,668.32 from CNY 997,918,817.15, a reduction of 16.43%[23] Cash Flow - Cash flow from operating activities for the year-to-date was -¥9,445,657.07, a decrease of 104.79% compared to the previous year[2] - Cash flow from operating activities shows a net outflow of -9,445,657.07 RMB, a stark contrast to a net inflow of 197,322,785.70 RMB in the previous year[20] - The net cash flow from financing activities is -144,912,259.49 RMB, a decline from a positive net cash flow of 106,733,877.12 RMB in the same period of 2023[21] - The total cash inflow from investment activities is 3,744,696,508.97 RMB, down from 4,512,199,398.42 RMB in the same period of 2023[20] - Cash inflow from investment activities decreased to 2,409,412,672.96 RMB in 2024 from 3,663,644,940.07 RMB in 2023, reflecting a decline of approximately 34.2%[28] - The cash and cash equivalents at the end of the period stand at 188,767,206.87 RMB, down from 239,877,551.02 RMB at the end of the same period in 2023[21] - The cash and cash equivalents at the end of the third quarter of 2024 stand at 132,645,280.48 RMB, down from 174,780,263.95 RMB at the end of the same period in 2023[29] Research and Development - R&D investment totaled ¥14,141,200.45 in the current period, a decrease of 58.40% year-over-year[4] - The proportion of R&D investment to revenue was 14.53%, an increase of 1.99 percentage points compared to the same period last year[4] - Research and development expenses for the first three quarters of 2024 amounted to CNY 78,363,239.28, a decrease of 30.9% from CNY 113,552,687.46 in 2023[17] - The company reported a significant increase in research and development expenses, totaling CNY 67,556,457.38 in 2024, compared to CNY 96,875,313.06 in 2023, indicating a focus on innovation despite financial losses[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,219[8] - The largest shareholder, Liao Jiqiao, holds 24,481,962 shares, accounting for 11.99% of the total shares[10] - The total number of shares held by the top ten shareholders includes significant stakes from various investment funds, with the top two shareholders holding a combined total of 31,181,969 shares[10] - The company has not reported any significant changes in shareholder relationships or actions regarding margin trading and securities lending[11] Operational Insights - There are no significant reminders or additional important information regarding the company's operational situation during the reporting period[13] - The company reported a decrease in sales revenue from 480,406,356.92 RMB to 391,174,593.64 RMB, reflecting a decline of approximately 18.6%[20] - The company reported a decrease in cash received from sales of goods and services, totaling 385,034,193.96 RMB in 2024, compared to 476,855,307.55 RMB in 2023, a decline of approximately 19.2%[28]