新筑股份(002480) - 2024 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2024 reached ¥549,496,527.21, an increase of 5.91% year-over-year, while year-to-date revenue totaled ¥1,676,714,540.50, up 38.60% compared to the same period last year[2] - Net profit attributable to shareholders was -¥72,002,328.10 for Q3 2024, a decrease of 17.67% year-over-year, with a year-to-date net profit of -¥254,555,303.89, down 20.22%[2] - The company reported a net loss of ¥196,182,716.35 for Q3 2024, compared to a net loss of ¥138,374,220.16 in Q3 2023, representing an increase in loss of approximately 42%[13] - Operating profit for the quarter was a loss of ¥189,391,999.84, worsening from a loss of ¥111,599,700.90 in the same period last year[13] - Total revenue from sales and services received was ¥826,883,536.02, down from ¥1,028,878,682.52 in Q3 2023, indicating a decline of about 19.6%[15] - The company’s total comprehensive loss for the quarter was ¥205,229,235.67, compared to a loss of ¥146,534,048.95 in Q3 2023[14] - Basic and diluted earnings per share were both reported at -¥0.3309, compared to -¥0.2753 in the previous year[14] Cash Flow and Financial Position - The company reported a significant decline in cash flow from operating activities, with a year-to-date net cash flow of -¥301,444,020.91, representing a decrease of 181.33% compared to the previous year[2] - The net cash flow from operating activities was negative at ¥301,444,020.91, a significant decrease from a positive cash flow of ¥370,626,720.64 in the previous year[16] - Cash and cash equivalents at the end of the period stood at ¥1,206,058,447.89, an increase from ¥796,092,831.92 at the end of Q3 2023[16] - The company incurred financial expenses of ¥251,154,103.97, slightly up from ¥248,532,426.47 in the same quarter last year[13] - The company raised ¥2,703,050,000.00 in borrowings during the quarter, compared to ¥2,128,880,000.00 in Q3 2023, reflecting a 27% increase[16] - The company’s investment activities resulted in a net cash outflow of ¥766,099,711.34, compared to an outflow of ¥626,220,834.13 in the same period last year[16] Assets and Liabilities - Total assets increased to ¥14,738,751,836.92, reflecting a growth of 9.61% from the end of the previous year[2] - Shareholders' equity decreased to ¥1,163,863,786.66, down 18.19% compared to the end of the previous year[2] - Total liabilities increased significantly, with long-term borrowings rising by 42.88% to CNY 5,370,693,434.50, mainly for photovoltaic projects and vanadium electrolyte investments[6] - The company reported a substantial increase in other current liabilities, which rose by 276.51% to CNY 853,848,083.51, primarily due to reclassification of borrowed funds[6] - The company's total liabilities rose to CNY 12,331,367,124.74 from CNY 10,870,301,998.76, an increase of 13.4%[11] Receivables and Inventory - Accounts receivable rose by 48.78% to ¥2,531,512,594.95, attributed to reduced cash collections during the period[5] - Other receivables increased by 58.40% to ¥305,307,161.34, primarily due to performance guarantees related to new projects[5] - The company recorded a 60.01% decrease in long-term receivables, totaling ¥47,200,000.00, due to credit impairment provisions[5] - The inventory level increased to CNY 624,858,080.82 from CNY 599,448,451.20, reflecting a growth of 4.0%[9] Government Support and Investments - The company received government subsidies amounting to ¥1,677,050.09 during the reporting period[3] - Other income increased by 136.68% to CNY 10,492,040.83, driven by higher government subsidies[6] - The company has approved the investment in a new production line for vanadium electrolyte with an annual capacity of 60,000 m³, which is expected to positively impact future performance[10] - The company plans to establish new project companies for the Xinlong and Xiangcheng projects, which are anticipated to enhance future operational performance[10] - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[6]