帅丰电器(605336) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was CNY 79,801,572.67, a decrease of 52.82% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 3,877,153.57, down 84.77% year-on-year[2]. - Net profit excluding non-recurring items for Q3 2024 was CNY 1,151,397.44, a decline of 94.35% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was CNY 0.02, representing an 85.71% decrease year-on-year[3]. - Total operating revenue for the first three quarters of 2024 is CNY 313,223,666.89, a decrease from CNY 623,438,882.54 in the same period of 2023, representing a decline of approximately 49.7%[14]. - Net profit for the first three quarters of 2024 is CNY 44,075,340.76, compared to CNY 139,247,541.51 in 2023, reflecting a decrease of approximately 68.3%[17]. - Basic earnings per share for the first three quarters of 2024 is CNY 0.24, down from CNY 0.76 in the same period of 2023, a decline of 68.4%[17]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 2,132,182,083.38, down 8.03% from the end of the previous year[3]. - As of September 30, 2024, the total assets of Zhejiang Shuaifeng Electric Co., Ltd. amounted to CNY 2,132,182,083.38, a decrease from CNY 2,318,381,176.22 at the end of 2023, reflecting a decline of approximately 8%[10]. - The total liabilities of the company as of September 30, 2024, were CNY 226,626,507.24, down from CNY 343,211,295.75, marking a decline of approximately 34%[12]. - The equity attributable to shareholders decreased to CNY 1,905,555,576.14 from CNY 1,975,169,880.47, reflecting a decrease of about 3.5%[13]. Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 98.59% to CNY 2,159,744.32[6]. - Cash inflow from operating activities for the first three quarters of 2024 is CNY 423,920,262.70, significantly lower than CNY 796,012,050.23 in 2023, a decrease of about 46.8%[18]. - The company reported a net cash outflow from operating activities of CNY 421,760,518.38 for the first three quarters of 2024, compared to CNY 642,313,758.66 in 2023, indicating a decrease of approximately 34.3%[18]. - The net cash flow from operating activities for the third quarter was approximately ¥2.16 million, a significant increase from ¥153.70 million in the previous year[19]. - The ending balance of cash and cash equivalents was approximately ¥169.79 million, down from ¥1.29 billion at the end of the previous year[20]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of approximately ¥988.64 million during the quarter[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,639[7]. - The largest shareholder, Zhejiang Shuaifeng Investment Co., Ltd., held 37.42% of the shares[7]. Operational Highlights - The company experienced a significant decline in sales volume, leading to reduced revenue and profit margins[5]. - The company has not reported any significant new product developments or market expansions during this quarter[9]. - There were no changes in the participation of major shareholders in margin financing or securities lending activities[9]. Expense Management - Total operating costs for the first three quarters of 2024 amount to CNY 273,992,512.49, down from CNY 480,622,555.88 in 2023, indicating a reduction of about 43.2%[14]. - Research and development expenses for the first three quarters of 2024 are CNY 16,326,907.19, down from CNY 28,434,053.97 in 2023, indicating a reduction of approximately 42.6%[16]. - Sales expenses for the first three quarters of 2024 total CNY 63,016,454.12, compared to CNY 101,783,492.88 in 2023, a decrease of about 38.1%[14]. - Tax expenses for the first three quarters of 2024 are CNY 7,230,692.33, down from CNY 9,619,973.06 in 2023, reflecting a decline of approximately 25.0%[14]. - Other income for the first three quarters of 2024 is CNY 7,605,133.97, an increase from CNY 5,509,637.44 in 2023, representing a growth of about 38.1%[16]. Investment Activities - The total cash inflow from investment activities amounted to approximately ¥370.32 million, compared to ¥1.51 billion in the same period last year[19]. - The net cash outflow from investment activities was approximately ¥871.50 million, contrasting with a net inflow of ¥704.36 million in the previous year[19]. - The cash inflow from the disposal of fixed assets and other long-term assets was approximately ¥269.58 thousand[19]. - The cash paid for the acquisition of fixed assets and other long-term assets was approximately ¥5.96 million, down from ¥10.72 million last year[19]. - The company did not report any cash inflow from new investments during this quarter[19]. Accounting Practices - The company has not adopted new accounting standards for the current year, indicating stability in financial reporting practices[20].