科大国创(300520) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥379,835,740.98, a decrease of 42.26% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥27,801,704.92, representing a decline of 254.35% year-on-year[3]. - The operating cash flow for the period was -¥38,717,321.30, a decrease of 430.44% compared to the previous year[3]. - Revenue decreased by 41.51% compared to the previous period[10]. - Total operating revenue for Q3 2024 was CNY 1,038,309,826.59, a decrease of 41.6% compared to CNY 1,775,128,687.40 in the same period last year[16]. - The company reported a net loss of CNY 260,267,031.25 for Q3 2024, compared to a loss of CNY 212,777,312.68 in the same quarter last year[15]. - The net profit for Q3 2024 was -72,454,973.57 CNY, compared to a net profit of 80,958,912.05 CNY in Q3 2023, representing a significant decline[17]. - The total comprehensive income for Q3 2024 was -72,543,636.96 CNY, compared to 80,533,099.23 CNY in Q3 2023[17]. - Basic and diluted earnings per share for Q3 2024 were both -0.16 CNY, down from 0.26 CNY in Q3 2023[17]. Asset and Liability Management - The total assets at the end of the reporting period were ¥4,518,890,915.55, down 3.59% from the end of the previous year[3]. - As of September 30, 2024, the company's total current assets decreased to CNY 2,901,912,935.96 from CNY 3,089,483,091.23 at the beginning of the period, representing a decline of approximately 6.06%[13]. - Total assets decreased to CNY 4,518,890,915.55 from CNY 4,687,092,518.87, reflecting a decline of 3.6%[15]. - The total liabilities decreased to CNY 44,301,318 from CNY 46,740,458, indicating a reduction of about 5.2%[11]. - Total liabilities decreased to CNY 2,568,004,176.42 from CNY 2,646,383,060.43, a reduction of 2.9%[15]. - The company's total equity decreased to CNY 1,950,886,739.13 from CNY 2,040,709,458.44, indicating a decline of 4.4%[15]. Cash Flow Analysis - Cash flow from operating activities for Q3 2024 was -319,552,375.18 CNY, compared to -262,604,787.05 CNY in Q3 2023, indicating worsening cash flow[18]. - Cash flow from investing activities for Q3 2024 was -329,567,373.02 CNY, compared to -229,545,701.77 CNY in Q3 2023, reflecting increased investment outflows[19]. - Cash flow from financing activities for Q3 2024 was 1,326,111.09 CNY, a decrease from 358,752,611.74 CNY in Q3 2023, indicating reduced financing inflows[19]. - Cash and cash equivalents at the end of the period decreased by 41.31% due to reduced operating cash flow[6]. - Cash and cash equivalents were not explicitly detailed, but the reduction in short-term borrowings from CNY 589,994,190.62 to CNY 462,698,695.38 suggests improved liquidity management[15]. - The cash and cash equivalents at the end of Q3 2024 were 376,496,068.51 CNY, down from 566,093,006.74 CNY at the end of Q3 2023[19]. Revenue Breakdown - The company's digital application business revenue for the first three quarters was ¥61,774.82 million, a decrease of 20.30% year-on-year[6]. - The digital product business revenue increased by 30.23% year-on-year, reaching ¥20,471.80 million[6]. - The digital operation business revenue decreased by 74.39% year-on-year, totaling ¥21,584.37 million[6]. - Other income decreased by 71.67% due to reduced government subsidies[10]. - Total revenue from sales of goods and services in Q3 2024 was 1,131,488,344.40 CNY, down from 1,661,785,004.40 CNY in Q3 2023[18]. Cost Management - Operating costs decreased by 51.59% due to the corresponding reduction in revenue[10]. - Total operating costs for Q3 2024 were CNY 1,056,059,894.41, down from CNY 1,765,806,501.54, indicating a significant reduction in expenses[16]. - Research and development expenses for Q3 2024 amounted to CNY 166,266,069.50, a decrease of 20.7% from CNY 209,517,624.15 in the previous year[16]. - Financial expenses decreased by 38.88% due to reduced interest expenses and increased interest income[10]. - Investment income decreased by 79.88% primarily due to significant losses from associates and previous gains from subsidiary equity transfers[10]. Strategic Initiatives - The company sold its stake in Guochuang Jixing to focus on core BMS/BEMS integrated product business[6]. - The company plans to transfer its controlling subsidiary, Anhui Keda Guochuang Software Technology Co., Ltd., to optimize resource allocation and focus on core business development[12]. - The company is actively pursuing new strategies to adapt to fluctuations in the domestic and international economic environment[12]. - The company granted 500,000 restricted stocks to 9 incentive objects as part of its 2024 incentive plan on August 28, 2024[12]. Inventory and Receivables - Inventory increased by 41.19% due to ongoing digital application projects and increased stock of digital products[10]. - Accounts receivable decreased to CNY 866,965,389.92 from CNY 1,079,003,052.59, reflecting a decline of approximately 19.6%[13]. - Accounts receivable financing decreased by 52.72% as a result of maturing bills received[10]. - Long-term receivables decreased to CNY 58,041,912.06 from CNY 72,260,463.18, a decline of approximately 19.7%[13]. - Deferred tax assets increased by 52.89% due to higher provisions for bad debts[10]. - Deferred income tax assets increased significantly to CNY 97,876,081.64 from CNY 64,019,323.45, indicating potential future tax benefits[15].