NATIONSTAR(002449)2024-10-24 11:37Revenue and Profit Performance - Revenue for the third quarter was RMB 834.55 million, a decrease of 6.53% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 10.46 million, a decrease of 61.55% year-over-year[2] - Net profit for the quarter was RMB 69.56 million, a decrease from RMB 81.02 million in the same period last year[11] - Total operating revenue increased to 2,688,255,834.65 from 2,651,624,091.07, a growth of 1.4%[10] - Sales revenue from goods and services was RMB 2.71 billion, compared to RMB 2.54 billion in the previous year[13] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 31.51% to 35,450,395.69 RMB, mainly due to a decrease in net profit and an increase in non-recurring gains and losses[5] Cash Flow and Financial Position - Operating cash flow for the first three quarters was RMB 195.37 million, a decrease of 34.37% year-over-year[2] - Net cash flow from operating activities decreased by 34.37% to 195,373,625.62 RMB, mainly due to increased daily operating expenses[5] - Net cash flow from investing activities increased by 41.07% to -139,254,818.21 RMB, mainly due to the maturity of structured deposits[5] - Net cash flow from financing activities increased by 159.35% to 52,003,098.75 RMB, mainly due to an increase in bank loans[5] - Operating cash flow for the period was RMB 195.37 million, down from RMB 297.69 million in the same period last year[13] - Total cash inflows from operating activities were RMB 2.84 billion, up from RMB 2.65 billion in the previous year[13] - Cash paid for goods and services was RMB 2.12 billion, compared to RMB 1.89 billion in the previous year[13] - Disposal of fixed assets, intangible assets, and other long-term assets resulted in a net cash inflow of 565,930.00[14] - Total cash inflow from investment activities was 434,593,323.96, a significant increase from 174,684,657.05 in the previous period[14] - Cash outflow for investment activities totaled 573,848,142.17, up from 411,001,362.45[14] - Net cash flow from investment activities was -139,254,818.21, an improvement from -236,316,705.40[14] - Cash inflow from financing activities reached 160,359,439.44, compared to 40,461,306.66 previously[14] - Net cash flow from financing activities was 52,003,098.75, a positive shift from -87,614,357.56[14] - The net increase in cash and cash equivalents was 112,274,374.53, reversing a previous decrease of -23,333,187.75[14] - Ending cash and cash equivalents balance stood at 1,251,003,441.87, up from 1,188,907,162.43[14] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 6.44 billion, a decrease of 1.27% compared to the end of the previous year[2] - Other non-current assets increased by 89.79% to RMB 29.66 million due to prepayments for machinery and equipment[4] - Short-term borrowings decreased by 97.15% to RMB 1.90 million due to the termination of discounted receivables with recourse[4] - Total current assets slightly increased to 4,002,317,487.20 from 3,967,291,374.52, a growth of 0.9%[9] - Total non-current assets decreased to 2,441,423,882.50 from 2,559,121,730.06, a decline of 4.6%[9] - Total assets decreased to 6,443,741,369.70 from 6,526,413,104.58, a decline of 1.3%[9] - Total current liabilities decreased to 2,225,912,279.55 from 2,340,584,273.66, a decline of 4.9%[10] - Total non-current liabilities slightly decreased to 379,733,946.80 from 382,388,851.56, a decline of 0.7%[10] - Total liabilities decreased to 2,605,646,226.35 from 2,722,973,125.22, a decline of 4.3%[10] Investment and Income - Investment income for the first three quarters was RMB 5.83 million, an increase of 58.33% year-over-year[4] - Fair value change income decreased by 214.15% to -634,116.52 RMB, mainly due to the expiration of financial products and reduced investment income[5] - Interest income rose to RMB 25.81 million, up from RMB 24.07 million in the previous year[11] Expenses and Costs - Total operating costs increased to 2,657,594,053.66 from 2,577,735,310.98, a growth of 3.1%[10] - R&D expenses increased to RMB 144.80 million, up from RMB 128.81 million in the previous year[11] - Income tax expense was RMB 4.75 million, compared to RMB 6.08 million in the previous year[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,031[6] - Foshan Sigma Venture Capital Co., Ltd. holds 12.90% of the shares, totaling 79,753,050 shares[6] - Foshan Electrical and Lighting Co., Ltd. holds 8.58% of the shares, totaling 53,066,845 shares[6] Other Financial Metrics - Government subsidies received during the third quarter amounted to RMB 6.38 million[3] - Minority shareholders' equity increased by 506.00% to RMB 216,269.32 due to the recovery of settlement funds by a subsidiary[4] - Safety production reserves increased by 325.64% to RMB 6.25 million due to new regulations on safety fees[4] - Credit impairment loss increased by 96.84% to -3,311,753.96 RMB, primarily due to an increase in accounts receivable and bad debt provisions[5] - Accounts receivable increased to 635,596,233.15 from 510,176,924.57, a growth of 24.6%[9] - Inventory rose to 968,667,178.98 from 947,816,381.18, an increase of 2.2%[9] - Monetary funds at the end of the period amounted to 1,432,783,369.31 RMB, an increase from the beginning of the period[8] - Total comprehensive income for the period was RMB 69.56 million, down from RMB 81.02 million in the same period last year[12] - Basic earnings per share were RMB 0.1079, compared to RMB 0.1310 in the previous year[12] - The company's third quarter report was unaudited[14]