厦门国贸(600755) - 2024 Q3 - 季度财报

Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 286.33 billion, a decrease of 28.55% year-on-year[2]. - The net profit attributable to shareholders was CNY 712 million, down 61.83% compared to the same period last year[6]. - The basic earnings per share decreased by 79.10% to CNY -0.12[6]. - The net profit attributable to shareholders of the listed company decreased by 144.14% in the current reporting period due to complex international external environments and insufficient effective demand, leading to losses in certain supply chain management products[11]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 356.25% in the current reporting period, primarily due to a decrease in net profit and an increase in non-recurring gains and losses[12]. - The basic earnings per share for the current reporting period decreased by 300.00%, attributed to the decline in net profit after deducting perpetual bond interest[12]. - The diluted earnings per share for the current reporting period also decreased by 300.00%, reflecting the same reasons as the basic earnings per share[12]. - Total operating revenue for the first three quarters of 2024 was CNY 40.54 billion, a decrease of 42.5% compared to CNY 70.29 billion in the same period of 2023[31]. - Net profit for the first three quarters of 2024 was CNY 445.29 million, down 59.3% from CNY 1.09 billion in the same period of 2023[32]. - Total comprehensive income for the first three quarters of 2024 was CNY 704.04 million, a decrease of 66.8% compared to CNY 2.12 billion in 2023[25]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching CNY 1.69 billion[6]. - The net cash flow from operating activities increased due to a decrease in the company's procurement amount in the supply chain management business[12]. - In the first three quarters of 2024, the net cash flow from operating activities was ¥1,687,899,014.52, a significant improvement compared to a net outflow of ¥4,503,166,522.77 in the same period of 2023[26]. - The company's cash and cash equivalents decreased to ¥12.52 billion from ¥14.34 billion, a decline of approximately 12.7%[20]. - The company's total assets decreased to CNY 72.63 billion as of September 30, 2024, down from CNY 77.33 billion at the end of 2023[30]. - The ending balance of cash and cash equivalents as of September 2024 was approximately ¥5.13 billion, down from ¥7.89 billion at the end of September 2023, indicating a decline of about 34.8%[34]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 77,858, with the largest shareholder holding 35.82% of the shares[13]. - The largest shareholder, Xiamen Guomao Holding Group Co., Ltd., holds 776,422,386 shares, representing 35.82% of the total shares[13]. Liabilities and Equity - Total liabilities increased to ¥81.13 billion from ¥74.50 billion, marking a rise of about 8.7%[22]. - The company's equity attributable to shareholders reached ¥34.70 billion, up from ¥32.64 billion, which is an increase of approximately 6.3%[22]. - Total liabilities decreased to CNY 46.26 billion as of September 30, 2024, down 12.5% from CNY 52.75 billion at the end of 2023[30]. - The total equity of the company increased to CNY 26.37 billion as of September 30, 2024, up 7.3% from CNY 24.57 billion at the end of 2023[30]. Investment and Expenses - Research and development expenses increased to CNY 56.59 million in 2024, up 67.1% from CNY 33.85 million in 2023[24]. - Financial expenses surged to CNY 1.66 billion in 2024, compared to CNY 748.56 million in 2023, marking an increase of 121.9%[24]. - The company reported a significant increase in tax expenses, totaling CNY 63.23 million in 2024, compared to CNY 464.42 million in 2023[24]. - The company experienced a loss in credit impairment of CNY 307.62 million in 2024, compared to a loss of CNY 160.03 million in 2023[24]. Strategic Developments - The company is focusing on a new development model that integrates supply chain, industry chain, and value chain[3]. - The company has established a new platform in Australia to accelerate its international expansion[3]. - The report indicates a significant decline in performance metrics, highlighting the need for strategic adjustments in response to market conditions[11]. - The company utilized financial derivatives to hedge against commodity price fluctuations, thereby reducing operational risks[12]. - The company has proposed multiple revisions to its plan for issuing A-shares to unspecified investors, with the latest revision approved on June 6, 2024[18]. - The company terminated its application for the issuance of A-shares on September 23, 2024, as per the decision from the Shanghai Stock Exchange[19].