NARADA(300068)2024-10-29 12:15Financial Performance - The company's revenue for Q3 2024 was ¥2,120,140,954.63, a decrease of 32.38% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥61,665,186.55, down 59.41% year-on-year[2]. - The net profit excluding non-recurring items was ¥1,301,727.94, a significant drop of 98.99% compared to the previous year[2]. - Total operating revenue for Q3 2024 was CNY 7,861,535,081.16, a decrease of 28.5% compared to CNY 11,029,809,346.67 in the same period last year[18]. - The net profit for Q3 2024 was CNY 225,985,426.01, a decrease of 48.7% compared to CNY 440,787,106.68 in Q3 2023[19]. - The total comprehensive income attributable to the parent company's owners was CNY 245,779,145.86, compared to CNY 462,886,854.28 in the same quarter last year, a decrease of 46.8%[20]. - The operating profit for the quarter was CNY 234,853,740.77, down from CNY 429,855,572.52 in the previous year, a decline of 45.4%[19]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥19,815,708,654.94, reflecting an increase of 8.85% from the end of the previous year[2]. - Total assets reached CNY 19,815,708,654.94, up from CNY 18,204,725,098.28, indicating an increase of 8.8%[18]. - Total liabilities amounted to CNY 14,516,013,898.80, compared to CNY 12,905,707,296.90, reflecting an increase of 12.5%[18]. - The company's equity attributable to shareholders was CNY 5,443,701,755.64, slightly up from CNY 5,422,094,154.66, a marginal increase of 0.4%[18]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥722,175,117.53, which is an improvement of 22.90% year-on-year[2]. - Operating cash inflow totaled CNY 8.08 billion, down 33.1% from CNY 12.09 billion in the previous year[22]. - Operating cash outflow amounted to CNY 8.80 billion, a decrease of 32.9% compared to CNY 13.03 billion last year[22]. - Net cash flow from operating activities was negative CNY 722.18 million, an improvement from negative CNY 936.68 million year-over-year[22]. - Cash flow from investing activities showed a net outflow of CNY 536.98 million, worsening from negative CNY 153.74 million in the previous year[22]. - Cash flow from financing activities generated a net inflow of CNY 1.41 billion, up 28.5% from CNY 1.10 billion last year[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 104,516, with the largest shareholder, Hangzhou Nandu Power, holding 8.64% of the shares[12]. - The company repurchased 9,641,300 shares, making it the fifth largest shareholder[12]. - The total number of shares held by the top ten shareholders accounted for 37.73% of the total share capital[13]. - The total number of shares held by shareholders with more than 5% ownership was 75,766,340, representing 8.64% of the total shares[12]. Investments and Expenses - The balance of construction in progress increased by 52.55% to ¥117,861.52 million, driven by investments in lithium battery projects[8]. - The net cash flow from investment activities was -¥53,698.17 million, a decrease of 249.28% year-on-year, primarily due to new expenditures on lithium battery projects[10]. - Research and development expenses amounted to CNY 289,769,916.70, compared to CNY 314,416,136.15 in the same period last year, reflecting a decrease of about 7.8%[19]. - The company reported an investment income of CNY 178,563,018.14, a significant recovery from a loss of CNY 16,907,366.71 in the previous year[19]. Borrowings - Long-term borrowings increased by 69.90% to ¥250,062.00 million, attributed to capacity expansion and fixed asset loans[9]. - Short-term borrowings rose significantly to CNY 5,170,109,413.72 from CNY 3,611,859,627.19, an increase of 43.1%[18]. - Long-term borrowings increased to CNY 2,500,619,973.40 from CNY 1,471,861,489.61, representing a growth of 69.8%[18]. Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[15]. - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[15].