八方股份(603489) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥330,602,819.31, a decrease of 24.24% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥604,547.71, reflecting a significant decline of 96.25% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥3,176,727.78, a decrease of 121.65% compared to the previous year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 1,012,726,562.66, a decrease of 25% compared to CNY 1,348,651,590.28 in the same period of 2023[16]. - Net profit for the third quarter of 2024 was CNY 51,257,231.34, a decline of 57% compared to CNY 120,514,623.35 in the same quarter of 2023[17]. - The net profit for the first three quarters of 2024 was CNY 74.10 million, down 45.9% from CNY 137.11 million in the first three quarters of 2023[26]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 88.84%, amounting to ¥53,715,686.96[7]. - The cash flow from operating activities showed a significant decline, reflecting challenges in revenue generation and cost management[18]. - In the first three quarters of 2024, the cash inflow from operating activities totaled CNY 1,079,761,348.48, a decrease of 29.5% compared to CNY 1,532,867,973.78 in the same period of 2023[20]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 53,715,686.96, down 88.8% from CNY 481,377,723.92 in 2023[20]. - The cash flow from operating activities generated CNY 36.72 million, a significant decline of 84.4% compared to CNY 234.91 million in the previous year[27]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥3,162,638,837.37, down 5.35% from the end of the previous year[4]. - The total current assets as of September 30, 2024, amounted to ¥2,088,944,543.63, a decrease of approximately 7.88% from ¥2,267,464,055.68 on December 31, 2023[12]. - The company's total liabilities decreased to CNY 527,433,839.16 in Q3 2024 from CNY 589,549,832.06 in Q3 2023, representing a reduction of about 11%[15]. - The total liabilities decreased to CNY 162.26 million from CNY 232.20 million year-over-year[24]. - The total assets as of September 30, 2024, were CNY 2,833,688,487.69, down from CNY 2,997,204,905.11 at the end of 2023[23]. Shareholder Equity - The equity attributable to shareholders at the end of Q3 2024 was ¥2,635,204,998.21, a decrease of 4.24% compared to the previous year[4]. - The total equity attributable to shareholders was CNY 2,635,204,998.21, down from CNY 2,751,823,384.95 in the previous year, indicating a decrease of approximately 4%[15]. - The total equity decreased to CNY 2.67 billion from CNY 2.77 billion year-over-year[24]. Operational Insights - The decline in net profit was primarily due to weak consumer demand in the end market, leading to a decrease in shipment volume and corresponding revenue[6]. - The company reported a significant increase in non-recurring gains, including government subsidies totaling ¥540,543.33 for the current period[5]. - The report indicates no significant changes in the business operations that require investor attention during the reporting period[12]. - The company plans to focus on market expansion and new product development to improve future performance[18]. - The company plans to focus on market expansion and new product development in the upcoming quarters[29]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 969,053,275.38, down from CNY 1,209,700,125.81 in 2023, reflecting a reduction of approximately 20%[16]. - Research and development expenses for the first three quarters of 2024 were CNY 66,459,217.80, slightly down from CNY 67,966,457.19 in the same period of 2023[16]. - Research and development expenses for the first three quarters of 2024 were CNY 53.87 million, slightly down from CNY 55.97 million in the same period of 2023[25]. Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥894,681,674.80 from ¥1,543,303,904.09, representing a decline of about 42.06%[12]. - The cash and cash equivalents at the end of September 2024 were CNY 822,594,785.27, a decrease from CNY 1,516,038,376.01 at the end of 2023[21]. - The cash and cash equivalents at the end of the period were CNY 634.15 million, down from CNY 1.27 billion at the end of the same period last year[28].