Leyard(300296)2024-10-23 11:05Financial Performance - The company's operating revenue for Q3 2024 was ¥1,833,365,574.83, a decrease of 8.56% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥53,212,635.39, down 56.61% year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.0210, a decrease of 56.70% year-on-year[2]. - Total operating revenue for the current period is CNY 5,464,703,560.10, a decrease of 9.3% from CNY 6,022,847,385.47 in the previous period[18]. - Net profit for the current period is CNY 182,078,336.96, a decline of 59.9% compared to CNY 453,309,948.93 in the previous period[19]. - Basic earnings per share for the current period is CNY 0.0717, down from CNY 0.1822 in the previous period[20]. - Total comprehensive income for the current period is CNY 156,951,645.03, down from CNY 496,495,931.68 in the previous period[20]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥139,865,731.34, representing a decline of 64.49% compared to the previous year[2]. - The net cash flow from operating activities decreased by 53.27% to ¥279,062,451.96 compared to the same period last year, primarily due to increased cash payments for goods and services received[8]. - Cash inflow from operating activities decreased to ¥5,513,471,808.80, down from ¥5,650,163,533.56, reflecting a decline of 2.4%[22]. - Cash outflow from operating activities increased to ¥5,234,409,356.84 from ¥5,053,025,612.84, representing an increase of 3.6%[22]. - Cash inflow from investment activities decreased significantly to ¥388,957,890.84 from ¥998,164,773.24, a decline of 61.0%[22]. - The net cash flow from investment activities was -¥194,018,156.08, representing a 341.30% decrease compared to the previous year, mainly due to the absence of net investment recovery from a subsidiary[8]. - Cash inflow from financing activities decreased to ¥385,648,274.65 from ¥659,862,100.47, a drop of 41.5%[22]. - The ending balance of cash and cash equivalents is ¥1,743,102,260.72, down from ¥2,118,454,959.75, a decrease of 17.7%[22]. - The company reported a cash flow impact from exchange rate changes of ¥-12,288,462.54, contrasting with a positive impact of ¥20,912,557.34 in the previous period[22]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥14,444,446,593.54, down 3.94% from the end of the previous year[2]. - The company’s total liabilities decreased by 3.94% compared to the previous year, reflecting a strategic focus on reducing debt[2]. - Total liabilities amount to CNY 5,913,371,915.32, a decrease from CNY 6,505,288,490.38 in the previous period[19]. - The company reported a total equity of ¥10,244,446,593.54, which is a decrease from ¥10,536,909,318.21, indicating a decline of approximately 2.77%[15]. - The company’s long-term equity investments increased to ¥175,964,194.11 from ¥160,517,450.02, showing an increase of approximately 9.06%[16]. - The company’s short-term borrowings decreased to ¥307,805,833.64 from ¥432,777,172.51, reflecting a reduction of about 29.00%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,401, with the largest shareholder holding 22.73% of the shares[9]. - The largest shareholder, Li Jun, holds 575,006,000 shares, representing 22.73% of the total shares[9]. - The company has a total of 431,254,500 restricted shares held by executives, with no new restricted shares added during the period[12]. - The company approved the vesting of 400,000 shares under the 2021 restricted stock incentive plan, with the grant price adjusted from ¥3.31 to ¥3.26 per share[14]. Financial Expenses and Income - The company reported a significant increase in financial expenses, which rose by 633.90% to ¥27,106,747.74 due to reduced foreign exchange gains[6]. - The company experienced a 66.83% decline in investment income, totaling ¥12,242,023.77, attributed to decreased equity in a previous investment[6]. - The company reported a significant increase in non-operating income, which rose by 573.12% to ¥10,501,171.51, primarily from insurance compensation[7]. - Research and development expenses for the current period are CNY 294,548,004.75, a decrease from CNY 301,655,378.94 in the previous period[19]. - Other comprehensive income after tax for the current period is CNY -25,126,691.93, compared to CNY 43,185,982.75 in the previous period[20]. Asset Management - The company’s credit impairment losses decreased by 42.01% to ¥-23,496,216.53, indicating improved management of receivables[7]. - The cash flow from the disposal of fixed assets increased by 107.25% to ¥10,308,716.33, indicating an increase in asset disposals compared to the previous year[8]. - Accounts receivable increased to ¥3,403,562,534.87, up from ¥3,127,468,718.81, representing a growth of about 8.81%[15]. - Inventory decreased to ¥2,914,249,816.82 from ¥3,095,089,563.27, indicating a reduction of approximately 5.85%[16].