YUXING(300305)2024-10-28 10:07Financial Performance - Revenue for Q3 2024 was ¥236,097,866.97, a decrease of 44.92% compared to the same period last year[1] - Net profit attributable to shareholders was -¥59,750,407.54, a decline of 707.89% year-over-year[1] - Net profit excluding non-recurring items was -¥62,732,978.37, down 636.08% from the previous year[1] - Operating income for the year-to-date was ¥852,055,173.09, down 40.55% compared to the same period last year[1] - Total operating revenue for the current period was ¥852,055,173.09, a decrease of 40.4% compared to ¥1,433,268,628.65 in the previous period[15] - The net profit for the current period was a loss of ¥163,984,765.06, compared to a net profit of ¥43,875,392.42 in the previous period[16] - The total comprehensive income attributable to the parent company was a loss of ¥163,984,765.06, compared to a profit of ¥43,875,392.42 in the previous period[17] Assets and Liabilities - Total assets increased to ¥3,788,801,917.62, reflecting a growth of 9.49% compared to the end of the previous year[1] - The total assets of Jiangsu Yuxing Film Technology Co., Ltd. reached CNY 3,788,801,917.62 as of September 30, 2024, an increase from CNY 3,460,313,990.38 at the beginning of the period[12] - The company's total current assets amounted to CNY 1,653,590,643.31, up from CNY 1,542,772,277.82 at the start of the quarter[12] - The total liabilities decreased to CNY 1,311,646,108.33 from CNY 1,504,596,706.27, a reduction of approximately 13%[13] - The company's equity increased significantly to CNY 375,399,812.00 from CNY 288,759,712.00, representing a growth of about 30%[13] Cash Flow - The company reported a significant decrease in cash flow from operating activities, totaling -¥128,424,165.79, a decline of 203.69%[1] - Cash received from sales decreased by 343.55 million yuan, a decline of 39.26%, primarily due to reduced sales revenue from polyester films[8] - Net cash flow from operating activities decreased by 86.14 million yuan, a decline of 203.69%, mainly due to decreased sales revenue from polyester films[8] - The company achieved a cash inflow from investment activities of ¥858,180,836.16, significantly higher than ¥68,570,983.46 in the previous period[18] - Net cash flow from investment activities was -CNY 498,836,642.50, a decrease from -CNY 172,696,777.96 year-over-year[19] - Financing activities cash inflow amounted to CNY 955,290,891.44, up from CNY 375,526,000.00 in the previous period[19] - Net cash flow from financing activities increased to CNY 636,868,477.47, compared to CNY 190,662,560.87 in the prior year[19] - The net increase in cash and cash equivalents was CNY 8,599,862.95, contrasting with a decrease of CNY 18,729,513.64 in the previous period[19] - The ending balance of cash and cash equivalents was CNY 412,117,207.78, up from CNY 347,911,620.54 year-over-year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,694[9] - The largest shareholder, Wang Jianxin, holds 18.17% of the shares, totaling 68,213,400 shares[9] - The second-largest shareholder, Beijing Renji Real Estate Development Group, holds 10.47% of the shares, totaling 39,315,000 shares[9] Research and Development - Research and development expenses decreased by 37.54% to ¥4,646,000.00 compared to the previous year[6] - Research and development expenses were ¥46,384,893.60, down 37.6% from ¥74,269,085.24 in the previous period[15] Investment Activities - Cash received from investment increased by 811.12 million yuan, an increase of 2385.65%, primarily due to the redemption of maturing financial products[8] - Cash received from investment income increased by 7.04 million yuan, an increase of 2994.39%, mainly due to increased dividends from joint ventures and financial product income[8] - The company increased its investment cash outflow by 1,111.12 million yuan, an increase of 3268%, mainly due to increased purchases of financial products[8] - Investment activities cash outflow totaled CNY 1,357,017,478.66, compared to CNY 241,267,761.42 in the previous period[19] Employee Stock Ownership - The company implemented its sixth employee stock ownership plan, transferring 4,588,200 shares to the plan's dedicated account on August 2, 2024[11] - The company plans to unlock 25% of the restricted shares for executives annually[10] - The company has seen a significant increase in restricted shares due to specific placements, totaling 86,626,740 shares released during the period[10] Other Financial Metrics - The company recorded a credit impairment loss of ¥591,306.19, compared to a loss of ¥144,567.71 in the previous period[16] - The basic and diluted earnings per share were both reported at ¥0.1544 for the previous period[17] - The company did not undergo an audit for the third quarter report[19]