岭南股份(002717) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥196,378,328.95, a decrease of 60.97% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥12,342,752.28, representing an increase in loss of 87.29% year-on-year[2]. - The net cash flow from operating activities was -¥89,771,414.43, a decrease of 16.22% compared to the previous year[2]. - The company's basic earnings per share for Q3 2024 was -¥0.01, an increase in loss of 87.83% year-on-year[2]. - The net profit for the third quarter of 2024 was -277,495,471.04 CNY, compared to -209,141,490.33 CNY in the same period last year, representing an increase in net loss of approximately 32.7%[18]. - The total comprehensive income for the third quarter was -277,496,801.15 CNY, compared to -209,223,331.15 CNY in the previous year, marking an increase in comprehensive loss of approximately 32.6%[19]. - The company reported a total operating profit of -271,552,769.74 CNY, compared to -253,996,038.53 CNY in the same period last year, reflecting a decline in operational performance[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,903,290,879.03, down 5.92% from the end of the previous year[2]. - The company's total equity attributable to shareholders was ¥2,032,787,723.55, a decrease of 3.40% from the end of the previous year[2]. - Total liabilities decreased to CNY 12,679,096,592.54 from CNY 13,540,184,807.76, reflecting a reduction of about 6.4%[16]. - The company's equity attributable to shareholders decreased to CNY 2,032,787,723.55 from CNY 2,104,303,343.88, a decline of approximately 3.4%[16]. - The company's asset-liability ratio remains high, and its profitability and debt repayment ability are continuously declining, resulting in liquidity pressure[10]. Cash Flow - Cash and cash equivalents decreased to CNY 165,848,403.39 from CNY 518,215,264.39, representing a decline of approximately 68%[14]. - The cash flow from operating activities showed a net outflow of -325,013,749.25 CNY, compared to -296,502,153.76 CNY in the previous year, reflecting a worsening cash flow situation[20]. - The cash inflow from financing activities was 318,065,145.54 CNY, a decrease from 1,775,507,108.34 CNY in the previous year, indicating a significant reduction in financing[22]. - The net cash flow from financing activities was ¥53,430,300, an increase of 877.21% compared to the previous year[6]. Investment and Expenses - Research and development expenses for the period were ¥30,178,600, a decrease of 54.33% compared to the same period last year[5]. - The company's net investment income for the current period is CNY 113,369,064.77, an increase from CNY 79,460,131.52 in the previous period[17]. - The total cash outflow from investing activities was -5,671,300.47 CNY, compared to -16,630,978.02 CNY in the previous year, showing a decrease in investment expenditures[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 159,022, with the largest shareholder, Yin Hongwei, holding 16.04% of shares, totaling 292,048,971 shares[7]. Debt and Credit Risk - The overdue debt situation may affect other creditors' confidence in the company, further weakening its financing capabilities and increasing financial pressure[13]. - As of August 14, 2024, the remaining amount of "Lingnan Convertible Bonds" is 456.3663 million RMB, which the company cannot repay due to insufficient cash funds[10]. - The company has pledged its equity and accounts receivable as collateral for the "Lingnan Convertible Bonds," but there are uncertainties regarding the completion of necessary internal approval processes[11]. - The company incurred a credit impairment loss of -55,108,734.46 CNY, which increased from -41,440,502.99 CNY year-on-year, indicating a rise in credit risk[18]. - The company reported a significant increase in the balance of receivables, which rose by 4,797.62% to ¥4,038,100 due to increased payments from clients[5]. Operational Challenges - The company has experienced significant impacts on its ecological environment construction, water environment governance, and cultural tourism businesses due to economic changes and public health events, leading to delays in project bidding and construction[10].