WINNERWAY(000573)2024-10-30 08:57Revenue and Profitability - Revenue for Q3 2024 reached ¥159,102,389.46, an increase of 63.10% compared to the same period last year[2] - Net profit attributable to shareholders was -¥32,066,281.20, a decrease of 55.12% year-on-year[2] - The company's operating revenue for the first nine months of 2024 reached CNY 416,825,947.97, a 53.20% increase compared to CNY 272,077,292.52 in the same period of 2023, primarily driven by increased sales of recycled lead[6] - The net profit for the first nine months of 2024 was a loss of CNY 40,048,798.01, an improvement of 44.35% from a loss of CNY 71,968,298.16 in the same period of 2023, attributed to increased sales profits from the recycled lead project and a decrease in deferred income tax expenses[6] - The total comprehensive income for the current period was approximately -71.87 million in the previous period[25] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of -¥8,670,380.26, an improvement of 97.03% compared to the previous year[2] - Cash and cash equivalents at the end of the period totaled CNY 349,438,348.77, reflecting a 91.01% increase from CNY 182,940,175.78 in the previous year, mainly due to the refund of overpaid corporate income tax[6] - The net increase in cash and cash equivalents was 120,074,661.55, contrasting with a decrease of -124,818,969.70 in the previous year[27] - Cash and cash equivalents increased significantly to 386.64 million yuan from 257.20 million yuan, indicating improved liquidity[21] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥2,198,780,576.37, down 6.78% from the end of the previous year[2] - Total liabilities decreased to 597.92 million yuan from 681.18 million yuan, indicating improved financial stability[22] - The total equity attributable to the parent company decreased to 1.5937 billion yuan from 1.6706 billion yuan, reflecting a reduction in retained earnings[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 46,869[8] - Guangdong Hongyuan Group Co., Ltd. holds 19.95% of shares, totaling 127,359,707 shares, with 101,820,000 shares pledged[8] - The top ten shareholders do not have any related party relationships among them[10] Investments and Expenses - Research and development expenses increased to CNY 438,914.45, marking a 100.00% increase as a result of higher investment in the new materials company[6] - The company’s financial expenses rose to CNY 12,403,741.26, a 102.02% increase compared to CNY 6,139,868.04, driven by increased financing costs related to compensation for villagers' housing[6] - The company recorded a significant increase in other income, which rose to CNY 1,937,044.19, a 1868.91% increase compared to CNY 98,381.46, primarily due to increased VAT refunds[6] Legal and Regulatory Matters - The company has initiated legal proceedings to enforce a judgment requiring the payment of a contract penalty of 3 million RMB[12] - The company is pursuing a lawsuit against Hongxi Mulan Coal Mine for a compensation of 2 million yuan and a penalty of 10 million yuan due to a breach of agreement[13] Operational Changes - The company completed the transfer of 70% equity and all receivables of Guizhou Hongtai Mining Co., Ltd. for 261.4466 million yuan, with all proceeds recovered by the end of Q1 2023[16] - The company has completed the deregistration of four subsidiaries, which had minimal operational impact, including Yingde Xinyu Power Technology Co., Ltd. and Guangdong Hongyuan Ecological Environment Technology Co., Ltd.[18] - Guangdong Hongyuan New Materials Technology Co., Ltd. acquired industrial land for 13.19 million yuan, but the project for recycling and reusing used batteries has been halted due to market changes, with the land being repurchased for 13.8785 million yuan.[20]