LETS(002398)2024-10-28 08:39Financial Performance - The company's operating revenue for Q3 2024 was ¥670,112,309.29, a decrease of 9.77% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥23,541,054.55, down 44.53% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,155,117.55, a decline of 48.99% compared to the previous year[3]. - Total operating revenue for Q3 2024 was CNY 1,848,946,001.24, a decrease of 17.3% compared to CNY 2,236,117,155.75 in the same period last year[16]. - Net profit for Q3 2024 was CNY 95,156,712.19, a decline of 42.1% compared to CNY 164,096,730.87 in Q3 2023[17]. - Total comprehensive income for Q3 2024 was ¥110,256,652.02, compared to ¥104,691,189.97 in Q3 2023, reflecting an increase of approximately 5.42%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥96,426,985.97, a significant decrease of 71.38% year-on-year[3]. - The company experienced a 71.38% decrease in net cash flow from operating activities, primarily due to a reduction in sales receipts[10]. - Cash inflow from operating activities for the current period was ¥2,691,148,735.73, a decrease of 7.41% compared to ¥2,906,515,805.91 in the previous period[19]. - Cash outflow from operating activities totaled ¥2,594,721,749.76, slightly up from ¥2,569,552,776.15, resulting in a net cash flow from operating activities of ¥96,426,985.97, down 71.43% from ¥336,963,029.76[19]. - Cash inflow from investment activities was ¥146,013,043.15, an increase of 38.73% from ¥105,304,050.17 in the previous period[20]. - Net cash flow from investment activities was -¥82,714,573.65, an improvement from -¥236,951,053.45 in the previous period[20]. - Cash inflow from financing activities was ¥38,153,607.65, up from ¥35,419,523.98, while cash outflow from financing activities was ¥179,840,616.50, down from ¥207,180,741.28[20]. - Net cash flow from financing activities was -¥141,687,008.85, an improvement from -¥171,761,217.30 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,936,650,500.34, down 8.28% from the end of the previous year[3]. - The company's total assets decreased to CNY 5,936,650,500.34 from CNY 6,472,391,212.93, reflecting a reduction of 8.3%[15]. - Total liabilities decreased to CNY 2,244,319,939.74 from CNY 2,744,542,337.69, a decline of 18.2%[15]. - The company reported a decrease in cash and cash equivalents by ¥157,051,636.75, a decline of 49.15% compared to the end of the previous year[7]. - The company's cash and cash equivalents decreased from 319,546,673.12 to 162,495,036.37, a decline of approximately 49%[13]. - The company’s cash and cash equivalents at the end of the period were ¥139,990,906.59, down from ¥205,111,412.08 in the previous period[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,324[11]. - The largest shareholder, Cai Yongtai, holds 16.67% of shares, totaling 116,387,033 shares, with 53,500,000 shares pledged[11]. - The largest institutional shareholder, Xuanyuan Private Fund, holds 2.44% of shares, totaling 17,041,000 shares[11]. - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[12]. - The company has a repurchase account holding 9,759,700 shares, accounting for 1.40% of the total share capital[12]. Investment and Expenses - Long-term equity investments increased from 154,155,639.40 to 167,969,597.67, an increase of approximately 9.5%[13]. - Research and development expenses for Q3 2024 were CNY 99,740,290.17, down 18.1% from CNY 121,758,554.50 in the previous year[16]. - The company reported a significant increase in other income to CNY 17,250,584.93 from CNY 9,641,428.20 year-over-year[16]. Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[17].