Financial Performance - The company's operating revenue for Q3 2024 was ¥285,445,970.01, a decrease of 4.74% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2024 was ¥38,508,976.64, down 60.83% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,637,210.32, a decrease of 60.87% compared to the previous year[4]. - The net profit for the first nine months of 2024 was ¥129,037,961.57, a decrease of 35.15% compared to the same period last year[7]. - Net profit for Q3 2024 was CNY 129,037,961.57, a decrease of 35.2% compared to CNY 198,977,101.01 in the same period last year[14]. - Total comprehensive income for the period was CNY 129,037,961.57, compared to CNY 198,977,101.01 in the prior year, reflecting a decline of 35.2%[15]. - Basic and diluted earnings per share were both CNY 0.14, down from CNY 0.21 in the same quarter last year[15]. Assets and Liabilities - The total assets as of September 30, 2024, reached ¥12,852,101,431.88, an increase of 33.43% from the end of the previous year[4]. - The company's total liabilities reached CNY 9,846,919,567.15, up from CNY 6,683,842,419.54, indicating a growth of about 47%[13]. - The company's total liabilities increased significantly, with short-term borrowings reaching ¥1,117,143,460.74, marking a 100% increase[7]. - Long-term borrowings rose to CNY 7,089,814,192.12 from CNY 5,299,873,619.60, reflecting an increase of approximately 34%[13]. - The total equity attributable to shareholders increased to CNY 2,998,865,045.90 from CNY 2,941,559,753.94, showing a rise of approximately 2%[13]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥252,891,889.89, down 33.33% year-over-year[4]. - The net cash flow from operating activities for the first nine months of 2024 decreased by 33.33% to ¥252,891,889.89 compared to ¥379,340,664.62 in the same period of 2023, primarily due to a reduction in renewable energy subsidy funds and tax refunds received[8]. - Cash flow from operating activities was CNY 252,891,889.89, a decrease of 33.3% compared to CNY 379,340,664.62 in Q3 2023[16]. - The net cash flow from investment activities was -3,195,362,730.85 CNY, compared to -723,007,599.82 CNY in the previous period, indicating a significant increase in cash outflow[17]. - The net cash flow from financing activities increased dramatically by 4827.84% to ¥2,799,850,265.29, mainly due to increased bank loans for ongoing and new project investments and a decrease in cash used for loan repayments compared to the previous year[8]. - Cash inflow from financing activities totaled 3,432,120,693.99 CNY, up from 954,884,182.47 CNY in the prior period, reflecting a strong increase in borrowing[17]. - The net cash flow from financing activities was 2,799,850,265.29 CNY, a turnaround from -59,220,499.06 CNY in the previous period, showing improved financial health[17]. Investments and Expenses - Research and development expenses increased by 48.80% to ¥3,596,907.85 for the year-to-date period[7]. - The company is focusing on expanding its investment in new projects, which has led to increased financial costs and depreciation expenses due to the commissioning of new capacity[8]. - The net cash flow from investing activities significantly decreased by 341.95% to -¥3,195,362,730.85, attributed to increased investments in ongoing and new projects as well as equity investments in associated companies[8]. - Cash paid for the purchase of fixed assets was CNY 2,882,193,310.49, a substantial increase from CNY 773,457,952.82 in the previous year[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,632, with the largest shareholder, Xinjiang New Energy Group Co., Ltd., holding 47.38% of the shares[9]. - The company has seen a substantial increase in the number of shares held by its top ten shareholders, indicating a consolidation of ownership among major stakeholders[9]. Operational Highlights - The company has seen a significant increase in construction projects, with ongoing projects amounting to ¥2,006,011,408.43, a rise of 237.24% from the beginning of the year[7]. - The company is actively pursuing new strategies for market expansion and product development, although specific details were not disclosed in the report[8]. Other Financial Metrics - The company reported a weighted average return on equity of 1.29% for Q3 2024, down 2.03% year-over-year[4]. - The company's cash and cash equivalents decreased to ¥367,257,943.40 as of September 30, 2024, down from ¥447,492,946.27 at the beginning of the period[11]. - Accounts receivable increased to ¥1,995,656,034.70 from ¥1,716,845,559.68, indicating a rise in outstanding payments owed to the company[11]. - The company reported a significant loss attributable to minority shareholders of ¥525,400.58, reflecting losses from its controlling subsidiaries[8]. Audit Status - The company has not yet audited the third-quarter report, which may affect the reliability of the financial data presented[18].
立新能源(001258) - 2024 Q3 - 季度财报