SYG(300740)2024-10-29 11:56Financial Performance - The company's revenue for Q3 2024 was ¥752,001,981.44, representing a decrease of 30.87% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥11,439,778.31, a decline of 130.41% year-over-year[2]. - The basic earnings per share (EPS) was -¥0.0292, down 130.26% from the previous year[2]. - Total operating revenue for the current period is CNY 3,044,847,507.51, a decrease of 9.83% from CNY 3,377,297,990.81 in the previous period[21]. - Net profit for the current period is CNY 98,075,054.95, a decline of 47.38% compared to CNY 186,114,653.52 in the previous period[22]. - Total comprehensive income for the current period is CNY 95,619,094.44, down from CNY 183,974,987.91 in the previous period[23]. - Earnings per share (basic) decreased to CNY 0.2425 from CNY 0.4626 in the previous period[23]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥4,086,902,596.51, a decrease of 0.68% from the end of the previous year[2]. - The company’s total liabilities increased by 33.47% to ¥309,796,815.68 due to new short-term borrowings[5]. - The company's total assets and equity totaled CNY 4,086,902,596.51 and CNY 2,083,761,529.04 respectively[20]. - The company’s total liabilities and equity decreased from CNY 4,114,979,918.91 to CNY 4,086,902,596.51[20]. Cash Flow - Operating cash inflow for the current period was ¥2,962,385,198.58, a decrease of 7.73% from ¥3,210,677,483.59 in the previous period[24]. - Operating cash outflow for the current period was ¥3,046,477,320.66, down 6.81% from ¥3,269,975,941.11 in the previous period[24]. - Net cash flow from operating activities was -¥84,092,122.08, worsening from -¥59,298,457.52 in the previous period[24]. - Investment cash inflow totaled ¥554,955,923.31, significantly up from ¥38,141,393.72 in the previous period[25]. - Investment cash outflow was ¥725,668,930.22, an increase from ¥369,520,033.85 in the previous period[25]. - Net cash flow from investing activities was -¥170,713,006.91, improving from -¥331,378,640.13 in the previous period[25]. - Financing cash inflow was ¥886,037,440.47, down from ¥1,588,368,508.64 in the previous period[25]. - Financing cash outflow totaled ¥845,046,978.88, a decrease from ¥1,264,300,080.44 in the previous period[25]. - Net cash flow from financing activities was ¥40,990,461.59, down from ¥324,068,428.20 in the previous period[25]. - The ending balance of cash and cash equivalents was ¥255,377,328.81, compared to ¥227,922,515.00 in the previous period[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,178[7]. - The largest shareholder, Hunan Yujia Investment Management Co., Ltd., holds 24.70% of shares, totaling 95,904,214 shares[7]. - The company has no preferred shareholders or changes in preferred shareholder status during the reporting period[9]. - The top ten shareholders have not participated in margin trading or securities lending activities[8]. - The company has no significant changes in the number of shareholders or shareholding structure compared to the previous period[8]. - The company’s major shareholders have pledged a total of 47,940,000 shares[7]. Convertible Bonds - The company issued 6,949,870 convertible bonds with a total amount of RMB 69,498.70 million, netting RMB 68,695.83 million after expenses[11]. - The convertible bonds were approved by the China Securities Regulatory Commission and began trading on April 25, 2023[12]. - The initial conversion price for the convertible bonds was set at RMB 13.71 per share, later adjusted to RMB 13.53 per share[12]. - The conversion price of "Shuiyang Convertible Bonds" was adjusted from 13.53 CNY/share to 13.54 CNY/share effective from September 2, 2024, with a total of 146 shares converted in Q3 2024[13]. - As of September 30, 2024, there are 6,948,943 "Shuiyang Convertible Bonds" remaining[13]. - The company decided not to lower the conversion price of "Shuiyang Convertible Bonds" for the next six months, maintaining the current price[14]. Stock Incentive Plans - A total of 338,933 shares from the 2019 stock option and restricted stock incentive plan were repurchased and canceled, affecting 305 incentive targets[15]. - 1,850,141 shares from the 2021 restricted stock incentive plan were canceled due to unmet performance targets[16]. - 1,831,636 shares from the 2023 restricted stock incentive plan were canceled due to unmet performance targets and 68 departing incentive targets[17]. Other Financial Metrics - Cash and cash equivalents decreased by 46.54% to ¥296,324,532.38 due to promotional expenses and payments[5]. - The company reported a significant drop in investment income, with a loss of -¥42,213,497.96, a decline of 11,140.25% compared to the previous period[6]. - The fair value change income was ¥24,673,777.93, a 195.56% increase year-over-year[6]. - The company experienced a foreign exchange loss of CNY 24,673,777.93 compared to a loss of CNY 25,820,319.58 in the previous period[22]. - The company reported a decrease in research and development expenses to CNY 57,439,187.71 from CNY 64,492,897.31 in the previous period[21]. - Total current assets amounted to 2,245,571,844.48 CNY, down from 2,315,053,316.01 CNY at the beginning of the period[18]. - Total non-current assets increased to 1,841,330,752.03 CNY from 1,799,926,602.90 CNY[19]. - Total liabilities decreased to 2,003,141,067.47 CNY from 2,040,147,063.41 CNY[19].