GLARUNTECH(600562)2024-10-25 09:06Financial Performance - The company's operating revenue for Q3 2024 was ¥426,614,369.24, a decrease of 24.68% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥22,664,737.99, down 61.32% year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.02, reflecting a decline of 60.00% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 1,985,134,690.57, a decrease of 6.56% compared to CNY 2,124,762,954.27 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was CNY 367,949,371.13, compared to CNY 395,579,095.37 in the same period of 2023, indicating a decline of 6.98%[18]. - The total comprehensive income for the period was 367,949,371.13 CNY, down from 395,579,095.37 CNY in the previous period[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,687,335,812.98, a decrease of 3.17% from the end of the previous year[4]. - Total current assets decreased to ¥7,549,947,437.93 from ¥7,846,107,236.63[14]. - Total liabilities decreased to CNY 2,927,336,695.30 from CNY 3,399,399,829.87, a reduction of 13.83%[16]. - The total assets decreased from ¥4,720,242,537.64 in the previous period to ¥4,509,482,622.02, indicating a decline of about 4.46%[24]. - The total equity attributable to shareholders at the end of the reporting period was ¥5,739,635,625.70, an increase of 3.40% from the previous year[4]. - The company's total equity decreased from ¥4,649,838,891.36 to ¥4,457,297,030.92, a decline of approximately 4.13%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥643,644,957.19, indicating a significant cash outflow[2]. - Cash inflow from operating activities was 1,543,222,305.23 CNY, a decrease from 1,758,612,626.02 CNY in the previous period[20]. - The net cash flow from operating activities was -643,644,957.19 CNY, compared to -278,022,419.95 CNY in the previous period[20]. - The ending balance of cash and cash equivalents was 659,082,799.14 CNY, down from 816,574,607.17 CNY in the previous period[21]. - The total cash outflow from operating activities was 49,652,083.66 RMB, down from 56,991,627.92 RMB in the previous year, reflecting a decrease of about 12.8%[28]. Research and Development - Research and development expenses increased significantly as the company intensified its investment in radar business[7]. - Research and development expenses increased to CNY 122,222,805.03 in 2024 from CNY 96,506,455.18 in 2023, representing a growth of 26.67%[18]. - Research and development expenses were not explicitly detailed, but the management expenses increased slightly to ¥32,707,051.75 from ¥31,987,639.81[26]. Shareholder Information - The company reported a total of 31,524 common shareholders at the end of the reporting period[9]. - There are no significant changes in major shareholders or their shareholding percentages reported[12]. Future Outlook - The company has not provided specific future guidance or market expansion strategies in this quarter[13]. - The company has not disclosed any new product developments or technological advancements in this report[13]. - No mergers or acquisitions were mentioned in the current report[13]. - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[30]. Foreign Exchange and Financial Expenses - The company experienced a foreign exchange loss of ¥17,493,800, which increased by ¥12,083,400 compared to the same period last year due to RMB appreciation[7]. - The company reported a financial expense of CNY -1,272,564.04, an improvement compared to CNY -19,898,848.52 in the previous year[18]. - The financial expenses showed a notable change, with a net financial income of ¥5,651,459.43 compared to a loss of ¥2,293,685.71 in the previous year[26].