OPPLE(603515)2024-10-29 08:51Financial Performance - The company's operating revenue for Q3 2024 was ¥1,701,714,982.42, a decrease of 13.62% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥236,620,293.52, down 9.69% year-on-year[3]. - Basic earnings per share for Q3 2024 were ¥0.31, reflecting an 11.43% decline compared to the previous year[5]. - Total operating revenue for the first three quarters of 2024 was CNY 5,067,826,223.44, a decrease of 8.08% compared to CNY 5,513,758,403.83 in the same period of 2023[15]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 621,343,337.88, down 5.67% from CNY 658,789,031.45 in the previous year[18]. - Total comprehensive income for the first three quarters of 2024 was CNY 619,661,259.30, compared to CNY 667,902,545.92 in the previous year, reflecting a decline of 7.22%[18]. - Basic earnings per share for the first three quarters of 2024 were CNY 0.83, down from CNY 0.87 in the same period of 2023[18]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.06% in Q3 2024, totaling ¥173,773,198.81[3]. - The company reported a 71.23% decrease in net cash flow from operating activities for the year-to-date period[8]. - Cash flow from operating activities for the first three quarters of 2024 was CNY 299,761,473.04, significantly lower than CNY 1,041,845,851.00 in the same period of 2023[19]. - The company’s cash and cash equivalents at the end of the third quarter of 2024 were CNY 2,037,153,747.33, down from CNY 4,950,561,953.58 at the end of the same period in 2023[22]. - The company's cash and cash equivalents decreased significantly to RMB 2,061,637,759.23 from RMB 4,552,155,492.10, representing a decline of about 54.7%[13]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥9,369,197,497.59, a decrease of 5.15% from the end of the previous year[5]. - As of September 30, 2024, the total assets of Opple Lighting Co., Ltd. amounted to RMB 9,369,197,497.59, a decrease from RMB 9,877,441,744.50 at the end of 2023, reflecting a decline of approximately 5.15%[13][14]. - The total current liabilities decreased to RMB 2,801,097,309.20 from RMB 3,137,934,231.47, indicating a reduction of approximately 10.7%[14]. - The total equity attributable to shareholders decreased to RMB 6,485,919,484.65 from RMB 6,648,896,823.59, a decline of approximately 2.45%[14]. - The company's total liabilities decreased to RMB 2,883,437,112.45 from RMB 3,214,792,578.12, reflecting a decline of approximately 10.3%[14]. Operational Efficiency - The company has experienced a decline in both revenue and profit margins, indicating potential challenges in market conditions and operational efficiency[3]. - Research and development expenses for the first three quarters of 2024 were CNY 236,761,518.40, a decrease of 18.87% compared to CNY 291,751,409.86 in 2023[15]. - The total operating costs for the first three quarters of 2024 were CNY 4,444,675,746.60, a decrease of 7.13% from CNY 4,785,454,138.19 in 2023[15]. Investments and Other Financial Metrics - The company reported a net cash outflow from investing activities of CNY 3,007,393,188.59 for the first three quarters of 2024, contrasting with a net inflow of CNY 2,698,164,187.70 in 2023[19]. - The company's long-term equity investments increased to RMB 254,029,410.44 from RMB 246,225,375.45, indicating a growth of about 3.2%[13]. - The company's short-term borrowings increased to RMB 169,060,306.31 from RMB 153,582,499.94, reflecting an increase of about 10%[14]. - The company's financial expenses for the first three quarters of 2024 were CNY -50,323,872.11, an improvement compared to CNY -87,000,554.43 in the previous year[15]. Shareholder Information - The top shareholder, Zhongshan OPP Investment Co., Ltd., holds 46.73% of the shares, with a pledged amount of 61,700,000 shares[9].