FOET(300173)2024-10-25 08:26Financial Performance - The company's operating revenue for Q3 2024 was ¥143,238,127.30, a decrease of 56.73% compared to the same period last year[2] - The net profit attributable to shareholders was -¥12,196,686.70, representing a decline of 154.96% year-on-year[2] - The net profit after deducting non-recurring gains and losses was -¥14,596,074.54, a decrease of 287.75% compared to the previous year[2] - Operating revenue for the first nine months of 2024 was CNY 475,275,054.57, a decrease of 53.46% compared to CNY 1,021,186,751.42 in the same period of 2023[8] - Net profit for Q3 2024 was CNY 6,151,388.17, compared to a net profit of CNY 44,732,596.75 in Q3 2023, indicating a decline of 86.2%[15] - The company reported a basic earnings per share of CNY 0.0092 for Q3 2024, down from CNY 0.0526 in Q3 2023[15] Assets and Liabilities - The total assets as of September 30, 2024, were ¥4,168,480,794.47, down 4.31% from the end of the previous year[2] - The company's total assets decreased to CNY 4,168,480,794.47 from CNY 4,356,436,949.26, a reduction of 4.3%[14] - Total liabilities decreased to CNY 3,144,073,104.77 from CNY 3,345,680,647.73, reflecting a decline of 6.0%[14] - The company’s total equity attributable to shareholders increased by 0.92% to ¥908,974,263.29 compared to the end of the previous year[2] - The total equity attributable to shareholders of the parent company increased to CNY 908,974,263.29 from CNY 900,704,948.85, a rise of 0.3%[14] Cash Flow - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of -¥27,702,778.75, a decline of 322.12% year-on-year[2] - Operating cash flow for the period was -27,702,778.75 CNY, a decrease from 12,471,713.25 CNY in the previous period, indicating a decline in operational efficiency[16] - Cash inflow from operating activities totaled 697,003,065.17 CNY, compared to 1,340,368,999.92 CNY in the previous period, showing a significant decline[16] - Cash outflow for operating activities was 724,705,843.92 CNY, down from 1,327,897,286.67 CNY, suggesting cost-cutting measures[16] - Cash and cash equivalents decreased by 63.00% to ¥139,867,570.71 due to investments and cash outflows from operations[6] - Cash and cash equivalents at the end of the period were 134,226,186.25 CNY, down from 288,716,196.17 CNY in the previous period, indicating liquidity challenges[17] Investments and Expenses - R&D expenses were CNY 31,561,634.54, down 37.51% from CNY 50,505,900.04, influenced by varying resource allocation in R&D projects and the sale of a subsidiary[8] - Investment income surged by 13,289.08% to CNY 31,112,838.29, mainly from the sale of a subsidiary[8] - The company reported a credit impairment loss of CNY 7,198,581.34, an increase of 278.79% compared to a loss of CNY -4,026,273.27 in the previous year[8] Shareholder Information - The company has 40,160 preferred shareholders with restored voting rights at the end of the reporting period[9] - The largest shareholder, Foshan Investment Holding Group Co., Ltd., holds 20.78% of the shares, totaling 152,644,001 shares[10] Other Financial Activities - The company sold 100% equity of its subsidiary, Shenzhen Dayu Precision Technology Co., Ltd., resulting in a significant impact on its financials[3] - The company received government subsidies totaling ¥2,227,551.65 during the reporting period, contributing to its non-recurring gains[3] - Total cash inflow from financing activities was 819,042,679.69 CNY, significantly higher than 312,670,000.00 CNY in the prior period, reflecting increased borrowing[17] - Cash outflow for financing activities totaled 879,709,327.02 CNY, up from 466,880,284.82 CNY, leading to a net cash flow from financing activities of -60,666,647.33 CNY[17]