三川智慧(300066) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥374,754,087.58, representing a decrease of 21.26% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥26,820,567.44, down 58.51% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥23,490,122.70, a decline of 61.82% compared to the previous year[2]. - The total profit for the period was ¥35,246,382.59, reflecting an 81.35% decrease compared to the previous year[7]. - Net profit for Q3 2024 was CNY 51,514,968.04, a decline of 68.9% compared to CNY 165,413,133.21 in Q3 2023[16]. - Earnings per share for Q3 2024 were CNY 0.0687, down from CNY 0.1561 in Q3 2023[17]. - Investment income for Q3 2024 was CNY 37,124,509.46, a significant decrease of 67.9% compared to CNY 115,670,123.33 in Q3 2023[16]. - The company reported a net loss from minority shareholders of CNY 19,986,273.45 in Q3 2024, compared to a profit of CNY 3,051,039.54 in Q3 2023[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,069,555,440.23, a decrease of 5.60% from the end of the previous year[2]. - Total current assets decreased from 2,078.27 million RMB to 1,932.46 million RMB, a reduction of approximately 7%[14]. - The company's cash and cash equivalents decreased from 461.92 million RMB to 104.77 million RMB, a decline of about 77.7%[13]. - Long-term equity investments decreased from 579.27 million RMB to 493.66 million RMB, a drop of approximately 16%[14]. - The total liabilities decreased to CNY 471,763,560.50 in Q3 2024 from CNY 611,432,879.38 in Q3 2023, reflecting a reduction of 22.8%[15]. - The company's total liabilities decreased significantly, with a notable reduction in accounts payable and tax liabilities due to lower profits[5]. Cash Flow - The cash flow from operating activities showed a net increase of 100.66% year-to-date, amounting to ¥727,308.89[2]. - Operating cash inflow decreased by 34.41% to ¥1,228,354,394.46, primarily due to a decline in revenue during the reporting period[8]. - Operating cash outflow decreased by 38.07% to ¥1,227,627,085.57, mainly resulting from reduced procurement linked to the revenue drop[8]. - Net cash flow from operating activities fell by 100.66% to ¥727,308.89, as the decrease in expenditures outpaced the decline in revenue[8]. - Cash inflow from investment activities totaled CNY 406,290,114.51, compared to CNY 264,040,695.35 in the previous period, marking an increase of approximately 53.8%[19]. - Net cash flow from investment activities was negative at CNY -222,197,455.41, an improvement from CNY -344,890,041.55 in the previous period[19]. - Cash inflow from financing activities was CNY 119,000,000.00, down from CNY 234,648,200.00 in the previous period, a decrease of approximately 49.3%[19]. - Net cash flow from financing activities fell by 200.83% to -¥135,701,311.40, as repayments exceeded new borrowings and dividends increased[8]. Investments and Acquisitions - The company acquired a 67% stake in Ganzhou Tianhe Permanent Magnet Materials Co., Ltd. for ¥214,395,700, with profit guarantees of at least ¥36 million, ¥41 million, and ¥46 million for 2022, 2023, and 2024 respectively[11]. - The performance commitment for Tianhe Permanent Magnet in 2022 and 2023 was achieved at 34.23 million and 22.88 million RMB respectively, totaling 57.11 million RMB, which is a completion rate of 74.17%, triggering compensation clauses[12]. - The compensation amount to be paid by the performance commitment parties is 34.67 million RMB, which is to be paid in cash within 10 working days after signing the confirmation letter[12]. - The company has initiated legal proceedings to dispose of pledged shares due to the inability of the compensation parties to raise the compensation funds, with the case currently awaiting judgment[12]. - The company acquired 8% equity in Ganzhou Jisheng Technology for 62.4 million RMB, with performance commitments and buyback clauses included[12]. - Ganzhou Jisheng Technology reported a net loss of 62.60 million RMB for 2023, triggering the equity buyback clause[12]. - The company has received 63.11 million RMB from the buyback parties, with an outstanding amount of 3.90 million RMB yet to be collected[12]. Research and Development - Research and development expenses for Q3 2024 were CNY 44,246,109.31, a decrease of 6.4% from CNY 47,194,401.40 in Q3 2023[16]. Return on Equity - The weighted average return on equity was 1.08%, down 1.66% year-over-year[2].