海新能科(300072) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥585,037,049.26, a decrease of 63.99% compared to ¥1,624,689,299.46 in the same period last year[2] - Net profit attributable to shareholders was a loss of ¥307,359,438.93, representing a decline of 123.16% from a loss of ¥137,731,355.70 in the previous year[2] - Total operating revenue for Q3 2024 was CNY 1,838,612,058.45, a decrease of 65.5% compared to CNY 5,336,541,103.37 in the same period last year[21] - Net loss for Q3 2024 was CNY 703,316,269.14, compared to a net loss of CNY 467,098,847.42 in Q3 2023, indicating a 50.5% increase in losses year-over-year[22] - The total comprehensive income for the period was -723,485,459.19 CNY, compared to -450,988,351.91 CNY in the previous period[23] Earnings and Shareholder Equity - The basic and diluted earnings per share were both -¥0.1308, down 123.21% from -¥0.0586 in the same period last year[2] - Basic and diluted earnings per share were both -0.2695 CNY, compared to -0.1297 CNY in the previous period[23] - The total equity attributable to shareholders decreased to CNY 6,281,566,016.50 from CNY 6,964,036,477.24, a decline of 9.8%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥206,317,488.40, an increase of 200.07% compared to the previous year's cash flow[2] - Cash flow from operating activities generated a net cash inflow of 206,317,488.40 CNY, a significant improvement from a net outflow of -206,179,002.65 CNY in the previous period[24] - The ending balance of cash and cash equivalents was 624,441,877.42 CNY, an increase from 399,876,235.00 CNY in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,884,165,659.41, a decrease of 7.71% from the previous year's total assets[2] - Total assets decreased to CNY 10,045,192,800.85 from CNY 10,884,165,659.41, a decline of 7.7%[20] - Total liabilities decreased to CNY 3,810,957,862.80 from CNY 3,898,379,057.28, a reduction of 2.2%[20] Operational Costs and Expenses - Operating costs amounted to CNY 1,852,566,341.86, down 64.75% from CNY 5,255,563,549.90 year-on-year, also attributed to the exclusion of Inner Mongolia Meifang Coal Coking Co., Ltd.[8] - Total operating costs for Q3 2024 were CNY 2,293,376,749.61, down from CNY 5,944,068,621.95, reflecting a reduction of 61.3%[21] - Research and development expenses decreased by 51.20% to CNY 91,987,544.93 from CNY 188,490,171.19 in the previous year, mainly due to the same exclusion[8] - Research and development expenses for Q3 2024 were CNY 91,987,544.93, significantly lower than CNY 188,490,171.19 in Q3 2023, a reduction of 51.1%[21] Borrowings and Liabilities - The company reported a significant increase in short-term borrowings by 148.65%, reaching ¥235,469,955.77 due to increased bank loans[7] - Other current liabilities decreased by 57.96% to ¥35,861,068.78, primarily due to a reduction in pending sales tax[7] Market and Strategic Developments - The company is actively expanding into non-EU markets and has initiated a domestic closed-loop application pilot for hydrocarbon biodiesel, aiming to establish a full industry chain[17] - The company is progressing with the Shandong isomerization project and domestic certification for bio-jet fuel, focusing on new market opportunities in bio-jet fuel[17] - The company has successfully increased its market share in North America and has expanded into the Middle East and North Africa, enhancing its technical services and marketing capabilities[17] - The company is facing temporary adverse effects on product pricing due to the EU's anti-dumping investigation on Chinese biodiesel, but is taking measures to mitigate this impact[17] - The company has maintained a strong focus on optimizing product structure and expanding sales regions for its catalytic purification business[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 67,980[12] - The largest shareholder, Beijing Haineng Low Carbon Technology Development Co., Ltd., holds 31.48% of the shares, amounting to 739,626,062 shares[12] - The total number of restricted shares decreased from 26,226,128 to 18,352,001 due to the release of shares from executives who left the company[15] Other Financial Metrics - The company received government subsidies amounting to ¥2,135,028.39 during the reporting period, contributing positively to its financials[4] - Other income increased by 72.66% to CNY 11,554,838.69 from CNY 6,692,181.71, mainly due to government subsidies and VAT credits from subsidiaries[8] - The company reported a significant increase in credit impairment losses, amounting to CNY -192,303,709.59 compared to CNY -114,000,343.47 in the previous year[22] - The company reported a foreign currency translation loss of -20,169,190.05 CNY[23]