FLYCO(603868)2024-10-30 08:17Financial Performance - The company's operating revenue for Q3 2024 was ¥1,002,179,051.53, representing a decrease of 24.10% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥149,104,216.62, down 31.84% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥101,991,781.18, a decline of 50.95% compared to the same period last year[2]. - Basic earnings per share for Q3 2024 were ¥0.34, down 32.00% compared to the same period last year[4]. - The total operating revenue for the first three quarters of 2024 was RMB 3,321,008,578.93, a decrease of 16.9% compared to RMB 3,994,025,242.18 in the same period of 2023[14]. - The total operating revenue for Q3 2024 was approximately CNY 3.32 billion, a decrease from CNY 3.99 billion in Q3 2023, representing a decline of about 16.9%[15]. - The total profit for Q3 2024 was approximately CNY 563.24 million, compared to CNY 1.08 billion in Q3 2023, a decrease of about 47.9%[15]. - The net profit for Q3 2024 was approximately CNY 464.60 million, compared to CNY 827.03 million in Q3 2023, indicating a decline of about 43.8%[15]. - The total comprehensive income for Q3 2024 was approximately CNY 464.57 million, down from CNY 827.03 million in Q3 2023, reflecting a decline of about 43.8%[16]. Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥18,910,394.90, a significant decrease of 94.51% year-on-year[2]. - The company reported a significant decline in cash flow from operating activities due to reduced sales receipts, with a year-to-date decrease of 74.08%[7]. - The net cash flow from operating activities was CNY 319,558,967.45, a decrease of 74.1% compared to CNY 1,233,078,201.10 in the previous year[17]. - The total cash outflow from operating activities was CNY 3,388,129,515.77, slightly up from CNY 3,321,003,230.23[17]. - The cash received from tax refunds was CNY 256,025.62, compared to CNY 450,078.09 in the previous year[17]. - The cash paid to employees increased to CNY 427,048,785.85 from CNY 365,859,901.89, reflecting a rise of 16.7%[17]. - The cash paid for other operating activities was CNY 1,083,646,589.70, up from CNY 927,110,471.26, indicating a growth of 16.9%[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,227,648,229.00, a decrease of 5.19% from the end of the previous year[4]. - Total assets decreased to RMB 4,227,648,229.00 as of September 30, 2024, from RMB 4,459,200,718.23 at the end of 2023, a reduction of 5.2%[12]. - Total current liabilities increased to RMB 1,087,528,107.08 as of September 30, 2024, compared to RMB 771,132,792.73 at the end of 2023, an increase of 41.0%[12]. - The company's total liabilities as of September 30, 2024, were RMB 1,188,850,273.66, compared to RMB 882,854,977.15 at the end of 2023, an increase of 34.6%[13]. - The company's long-term equity investments decreased to RMB 194,310,612.76 from RMB 219,945,092.40, a decline of 11.7%[12]. - Cash and cash equivalents as of September 30, 2024, were RMB 228,954,653.46, down from RMB 524,762,662.66 at the end of 2023, representing a decline of 56.4%[11]. Operational Efficiency - The company is focusing on improving operational efficiency and exploring new market opportunities to counteract the revenue decline[14]. - The total operating costs for Q3 2024 were approximately CNY 2.85 billion, down from CNY 3.06 billion in Q3 2023, reflecting a decrease of about 6.7%[15]. - Research and development expenses for Q3 2024 were approximately CNY 62.17 million, down from CNY 77.49 million in Q3 2023, a decrease of about 19.7%[15]. - The operating profit for Q3 2024 was approximately CNY 492.15 million, down from CNY 972.36 million in Q3 2023, indicating a decline of about 49.3%[15]. - The income tax expense for Q3 2024 was approximately CNY 98.65 million, down from CNY 257.05 million in Q3 2023, a decrease of about 61.6%[15]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the current period totaled ¥47,112,435.44, with government subsidies contributing ¥49,459,859.11[5]. - The company's net profit for the first three quarters of 2024 is not explicitly stated but is implied to be lower than the previous year due to the decrease in total operating revenue[14].