凯盛新能(600876) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter was RMB 715.93 million, a decrease of 63.33% year-over-year[2] - Net profit attributable to shareholders of the listed company was RMB -192.51 million, a decrease of 378.53% year-over-year[2] - Revenue for the reporting period decreased by 63.33% to 715,925,865.68 RMB, primarily due to a decline in both sales volume and prices of photovoltaic glass[7] - Net profit attributable to shareholders of the listed company decreased by 378.53% to -192,509,769.63 RMB, reflecting intensified competition and significant price declines in the photovoltaic glass industry[7] - Total revenue for the first three quarters of 2024 was 3.69 billion RMB, a decrease from 4.73 billion RMB in the same period of 2023[16] - Net profit attributable to the parent company was -97.99 million RMB as of September 30, 2024, compared to 149.29 million RMB at the end of 2023[15] - Net profit for the third quarter of 2024 was -254,085,019.67 RMB, a significant decline compared to 245,368,995.60 RMB in the same period last year[17] - Operating profit for the third quarter of 2024 was -287,914,603.69 RMB, compared to 273,352,608.03 RMB in the same period last year[17] - Total comprehensive income for the third quarter of 2024 was -254,085,019.67 RMB, compared to 245,368,995.60 RMB in the same period last year[19] - Basic earnings per share for the third quarter of 2024 were -0.38 RMB, compared to 0.31 RMB in the same period last year[19] - Sales revenue from goods and services for the first nine months of 2024 was 3,186,058,950.62 RMB, compared to 3,370,752,090.76 RMB in the same period last year[20] Costs and Expenses - Operating costs decreased by 50.09% to 850,529,417.82 RMB, driven by reduced sales volume of photovoltaic glass[7] - R&D expenses decreased by 34.05% to 44,754,336.22 RMB, mainly due to reduced salaries for R&D personnel and material consumption[7] - Total operating costs for the first three quarters of 2024 were 4.00 billion RMB, compared to 4.58 billion RMB in the same period of 2023[16] - R&D expenses for the first three quarters of 2024 were 160.26 million RMB, down from 175.10 million RMB in the same period of 2023[16] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 12.68 billion, an increase of 2.06% compared to the end of the previous year[3] - Inventory as of the end of the reporting period was RMB 1.25 billion, an increase of 82.45% compared to the end of the previous year[6] - Short-term borrowings as of the end of the reporting period were RMB 1.30 billion, an increase of 70.37% compared to the end of the previous year[6] - Development expenditure as of the end of the reporting period was RMB 26.75 million, an increase of 79.58% compared to the end of the previous year[6] - Total assets as of September 30, 2024, were 12.68 billion RMB, slightly up from 12.43 billion RMB at the end of 2023[13][14][15] - Total liabilities as of September 30, 2024, were 7.88 billion RMB, an increase from 7.37 billion RMB at the end of 2023[15] - Short-term borrowings increased to 1.30 billion RMB as of September 30, 2024, from 760.66 million RMB at the end of 2023[14] - Accounts receivable decreased to 1.14 billion RMB as of September 30, 2024, from 1.29 billion RMB at the end of 2023[13] - Inventory increased significantly to 1.25 billion RMB as of September 30, 2024, from 686.89 million RMB at the end of 2023[13] - Fixed assets remained stable at 4.94 billion RMB as of September 30, 2024, compared to 4.95 billion RMB at the end of 2023[14] Cash Flow - Net cash flow from operating activities decreased by 121.90% to -61,350,384.10 RMB, driven by lower sales revenue and reduced profitability[8] - Net cash flow from financing activities increased by 199.40% to 183,815,567.91 RMB, mainly due to an increase in the scale of financing bill discounts[8] - Cash flow from operating activities for the first nine months of 2024 was -80,017,134.46 RMB, compared to -104,660,425.11 RMB in the same period last year[20] - Cash flow from investing activities for the first nine months of 2024 was -355,238,617.59 RMB, compared to -488,938,889.02 RMB in the same period last year[21] - Cash flow from financing activities for the first nine months of 2024 was 524,743,420.67 RMB, compared to 927,941,100.22 RMB in the same period last year[21] - Net cash inflow for the first nine months of 2024 was 91,062,823.51 RMB, compared to 336,286,305.00 RMB in the same period last year[21] - Cash and cash equivalents at the end of the third quarter of 2024 were 320,219,568.16 RMB, compared to 821,834,121.11 RMB at the end of the same period last year[21] Shareholder Information - The top shareholder, Hong Kong Securities Clearing (Nominees) Limited, holds 38.59% of the shares, totaling 249,158,789 shares[10] - China Luoyang Float Glass Group Co., Ltd., the second-largest shareholder, holds 17.22% of the shares, totaling 111,195,912 shares[10] - The company's total number of ordinary shareholders at the end of the reporting period was 33,186[10] Other Income and Expenses - Government subsidies recognized in the current period amounted to RMB 13.86 million[4] - Non-recurring gains and losses for the period totaled RMB 13.21 million[5] - Other income increased by 108.80% to 22,886,584.93 RMB, primarily due to VAT deductions[7] Profitability Metrics - The weighted average return on equity (ROE) for the period was -4.30%, a decrease of 5.87 percentage points year-over-year[2] - The basic earnings per share (EPS) for the period was RMB -0.30, a decrease of 372.73% year-over-year[2]