DTPC(600719)2024-10-24 09:05Financial Performance - The company's operating revenue for Q3 2024 was CNY 540.90 million, a decrease of 59.65% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was a loss of CNY 75.03 million, representing a significant decline of 183.96% year-to-date[2]. - The basic and diluted earnings per share for the year-to-date period were both CNY -0.185, reflecting a decrease of 183.87% compared to the previous year[4]. - The net profit for Q3 2024 was -116,386,956.88 RMB, a significant decrease compared to a net profit of 138,619,161.79 RMB in Q3 2023, representing a decline of approximately 184%[18]. - Operating profit for Q3 2024 was -116,039,525.90 RMB, compared to an operating profit of 154,930,929.03 RMB in Q3 2023, indicating a decline of around 175%[18]. - Total revenue from sales and services received in Q3 2024 was 192,169,073.70 RMB, slightly up from 190,444,153.24 RMB in Q3 2023, showing a growth of about 0.4%[20]. - The company reported a significant increase in financial expenses, with interest expenses rising to 62,415,459.88 RMB in Q3 2024 from 60,288,780.27 RMB in Q3 2023, an increase of approximately 3.5%[18]. - The company experienced a net loss from credit impairment of -11,409,510.57 RMB in Q3 2024, compared to -10,806,374.64 RMB in Q3 2023, indicating a worsening situation[18]. - The company's diluted earnings per share for Q3 2024 was -0.288 RMB, compared to 0.343 RMB in Q3 2023, reflecting a significant decline[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2.59 billion, down 7.89% from the end of the previous year[4]. - The equity attributable to shareholders decreased by 20.64% year-on-year, amounting to CNY 434.99 million[4]. - As of September 30, 2024, total current assets amounted to RMB 488,644,025.91, down from RMB 668,539,876.64 at the end of 2023, a decline of about 27%[13]. - The company's total assets decreased from RMB 2,813,469,886.71 at the end of 2023 to RMB 2,591,378,861.81 by September 30, 2024, a reduction of approximately 7.9%[15]. - Current liabilities increased to RMB 1,383,641,363.94 in 2024 from RMB 1,370,109,140.68 in 2023, showing a slight rise of about 1%[14]. - Non-current liabilities decreased from RMB 895,239,506.74 in 2023 to RMB 772,749,655.83 in 2024, a decline of approximately 13.7%[15]. - The company's total equity attributable to shareholders fell from RMB 548,121,239.29 in 2023 to RMB 434,987,842.04 in 2024, a decrease of about 20.6%[15]. - Cash and cash equivalents as of September 30, 2024, were RMB 8,991,796.61, significantly lower than RMB 83,988,083.13 at the end of 2023, indicating a decline of approximately 89.3%[13]. Cash Flow - The company reported a cash flow from operating activities of CNY -265.17 million year-to-date, indicating a negative cash flow situation[2]. - Cash flow from operating activities in Q3 2024 was -265,165,592.79 RMB, an improvement from -302,650,016.86 RMB in Q3 2023[21]. - Cash flow from financing activities in Q3 2024 was 320,784,189.13 RMB, compared to 236,190,525.60 RMB in Q3 2023, reflecting an increase of approximately 35.7%[21]. - The total cash and cash equivalents at the end of Q3 2024 were 8,991,753.42 RMB, down from 37,908,491.02 RMB at the end of Q3 2023, a decrease of about 76.4%[21]. Operational Insights - The decrease in operating revenue was primarily due to reduced income from the construction of the Zhuanghe Huanhai heat source project[6]. - The company has implemented comprehensive preparations for heating operations and strengthened safety production supervision as part of its annual operational plan[11]. Accounting Standards and Future Outlook - 大连热电股份有限公司在2024年第三季度首次执行新会计准则，可能影响财务报表的调整[22]. - 2024年第三季度报告于2024年10月25日发布，提供了最新的业绩总结[22]. - 公司董事会已确认不适用新会计准则的相关调整[22]. - 2024年起的财务报表将反映新会计准则的影响[22]. - 未来展望将基于新会计准则的执行情况进行评估[22]. - 公司将继续关注市场扩张和新技术研发的机会[22]. - 业绩指引将根据新会计准则进行调整和发布[22]. - 未来的财务报告将更加透明，符合新会计准则的要求[22]. - 公司将加强与投资者的沟通，确保信息的准确性[22]. - 预计新会计准则的实施将对公司的财务表现产生积极影响[22].