SOLAREAST(603366)2024-10-28 10:56Financial Performance - The company's operating revenue for Q3 2024 was ¥1,144,962,421.14, a decrease of 19.82% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥10,619,421.99, down 86.25% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,364,792.87, a decline of 105.23% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.0131, down 86.33% from the previous year[2] - The decline in net profit was primarily attributed to a 19.82% drop in operating revenue, influenced by the real estate industry's performance affecting solar and kitchen appliance businesses[7] - The net profit for Q3 2024 is approximately ¥59.09 million, a decrease from ¥165.49 million in Q3 2023, reflecting a significant decline in profitability[17] - The net profit attributable to shareholders of the parent company is approximately ¥67.26 million, down from ¥169.87 million year-over-year[17] - The total comprehensive income for Q3 2024 is approximately ¥58.65 million, compared to ¥166.51 million in the same period last year[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥80,548,886.12, representing a decrease of 139.21% year-on-year[2] - Cash flow from operating activities for the first three quarters of 2024 is approximately ¥3.28 billion, down from ¥3.45 billion in 2023, indicating a decline in cash inflow[18] - The net cash flow from operating activities is negative at approximately -¥80.55 million, contrasting with a positive ¥205.43 million in the previous year[18] - Cash inflow from investment activities for the first three quarters of 2024 is approximately ¥1.39 billion, significantly lower than ¥3.08 billion in 2023[19] - The net cash flow from investment activities is approximately ¥156.23 million, a recovery from a negative cash flow of -¥485.63 million in the same period last year[19] - The net cash flow from financing activities is approximately ¥151.71 million, compared to ¥270.63 million in the previous year, indicating a decrease in financing inflow[19] - The cash and cash equivalents at the end of Q3 2024 amount to approximately ¥643.80 million, an increase from ¥329.87 million at the end of Q3 2023[19] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥7,211,729,449.91, an increase of 1.98% from the end of the previous year[4] - Total current assets reached ¥3,056,785,904.26, compared to ¥2,928,733,186.36 at the end of 2023, indicating an increase of about 4.4%[13] - Inventory as of September 30, 2024, was ¥1,053,076,612.65, up from ¥894,677,105.62 at the end of 2023, representing a growth of approximately 17.8%[13] - The company's accounts receivable decreased to ¥314,642,592.61 from ¥388,772,211.71, showing a decline of about 19.1%[13] - Long-term equity investments stood at ¥1,588,236,811.57, slightly down from ¥1,635,121,073.57 at the end of 2023, reflecting a decrease of approximately 2.9%[13] - The total liabilities rose to CNY 3,170,589,755.80, compared to CNY 3,031,403,251.81 in the previous year[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,683, with the largest shareholder, Sunrain Holding Group Co., Ltd., holding 462,000,600 shares, representing 56.81% of the total shares[10] - The total number of shares held by the top ten shareholders includes significant stakes from Sunrain Holding Group Co., Ltd. and other key individuals, indicating concentrated ownership[11] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 111,058,841.10, an increase of 8.7% from CNY 102,077,808.20 in the same period of 2023[16] Market Strategy - The company continues to focus on expanding its market presence and enhancing its product offerings, although specific new product details were not disclosed in the report[11]