TDG(600330)2024-10-28 08:41Financial Performance - The company's operating revenue for Q3 2024 was ¥992,607,326.53, representing a year-on-year increase of 10.29%[2] - The net profit attributable to shareholders for Q3 2024 was ¥45,350,580.87, a decrease of 50.84% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,378,985.89, down 17.70% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.037, reflecting a decline of 50.67% compared to the previous year[4] - Total operating revenue for the first three quarters of 2024 was CNY 2,560,752,956.64, a decrease of 11.35% compared to CNY 2,888,379,432.47 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 127,108,897.92, compared to CNY 282,124,783.60 in 2023, indicating a decline of 55.06%[15] - Earnings per share for the first three quarters of 2024 were CNY 0.101, down from CNY 0.226 in the same period of 2023[15] - The total comprehensive income for the first three quarters of 2024 was CNY 98,491,960.19, significantly lower than CNY 323,002,434.24 in 2023[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,796,330,665.24, an increase of 1.79% from the end of the previous year[4] - The equity attributable to shareholders at the end of the reporting period was ¥8,014,326,440.26, a decrease of 1.40% from the previous year[4] - The company's current assets totaled RMB 6,456,183,310.97, down from RMB 6,854,105,697.38, indicating a decrease of about 5.8%[12] - Total liabilities increased to CNY 3,723,863,336.31 in Q3 2024 from CNY 3,413,523,179.24 in Q3 2023, representing a growth of 9.09%[14] - The company's total equity decreased to ¥6,393,975,462.68 in 2024 from ¥6,589,817,261.86 in 2023, a decline of 3.0%[20] - The total liabilities increased to ¥1,382,765,698.42 in 2024 from ¥1,092,917,769.28 in 2023, marking a growth of 26.5%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥40,374,521.27, a significant decrease of 119.68% year-on-year[2] - The company reported a decrease in cash flow from operating activities, which may impact future liquidity and operational flexibility[11] - The net cash flow from operating activities for the first three quarters of 2024 was -40,374,521.27 RMB, a significant decrease compared to 205,156,982.66 RMB in the same period of 2023[17] - Total cash inflow from operating activities decreased to 2,268,507,552.93 RMB, down from 2,664,053,772.63 RMB year-over-year, reflecting a decline of approximately 14.8%[17] - Cash outflow from operating activities was 2,308,882,074.20 RMB, compared to 2,458,896,789.97 RMB in the previous year, indicating a decrease of about 6.1%[17] - The cash flow from operating activities showed a net outflow of ¥352,013,864.20 in 2024, compared to a net inflow of ¥175,733,129.08 in 2023[24] Investments and Financing - The net cash flow from investing activities was -778,407,287.26 RMB, worsening from -413,110,046.91 RMB in the same period last year[18] - Cash inflow from financing activities increased to 1,346,621,512.95 RMB, compared to 570,832,327.33 RMB in the previous year, marking an increase of approximately 135.5%[18] - The company's financial expenses improved, showing a net financial income of ¥24,894,615.79 in 2024 compared to a loss of ¥51,416,255.42 in 2023[22] - Cash inflow from financing activities totaled 287,792,377.77, significantly higher than 100,000.00 in the same period last year[25] Operational Challenges - The company experienced a decline in sales revenue due to industry overcapacity, impacting profit margins significantly[6] - Research and development expenses for the first three quarters of 2024 were CNY 180,735,938.46, down from CNY 214,642,728.96 in 2023, a reduction of 15.77%[14] - The company's inventory remained relatively stable, with a slight decrease from RMB 1,268,436,967.40 to RMB 1,267,337,509.04[12] - The company's contract liabilities stood at ¥74,662,131.77, an increase from ¥20,433,733.96 in the previous year, indicating growth in prepayments received[20]