Kanhoo(300340)2024-10-28 11:13Financial Performance - Revenue for Q3 2024 was ¥458,263,546.88, a decrease of 41.18% compared to the same period last year[2] - Net profit attributable to shareholders was -¥51,690,516.57, representing a 19.03% increase in losses year-over-year[2] - Net profit excluding non-recurring items was -¥62,228,768.62, a decrease of 5.86% compared to the previous year[2] - The company reported a net loss attributable to shareholders of ¥1,496,118,363.73, compared to a loss of ¥1,383,581,715.63 in the previous period[15] - The net profit for Q3 2024 was a loss of CNY 113,338,807.72, compared to a loss of CNY 96,222,147.49 in Q3 2023, reflecting an increase in losses of approximately 17.8%[18] - The company reported a total revenue from sales and services of CNY 986,353,091.52 in Q3 2024, down from CNY 1,172,013,830.80 in Q3 2023, indicating a decline of 15.8%[19] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was -¥188,758,224.66, a significant decline of 273.86%[2] - The company's operating cash flow for Q3 2024 was negative CNY 188,758,224.66, a significant decline from a positive cash flow of CNY 108,570,014.53 in Q3 2023[20] - The total investment cash flow for Q3 2024 was negative CNY 6,536,784.69, a decrease from a positive cash flow of CNY 69,216,912.91 in Q3 2023[20] - The total cash inflow from financing activities was CNY 217,311,240.51 in Q3 2024, a decrease from CNY 232,940,705.64 in Q3 2023, indicating a decline of 6.8%[20] - The net cash flow from financing activities was -191,789,318.36 CNY, compared to -172,240,427.86 CNY in the previous period, indicating a decline[21] - The total cash and cash equivalents at the end of the period decreased to 49,770,136.11 CNY from 436,808,297.38 CNY at the beginning of the period, reflecting a significant drop[21] - The net increase in cash and cash equivalents was -387,038,161.27 CNY, contrasting with a positive increase of 5,550,009.63 CNY in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,786,792,327.81, down 28.64% from the end of the previous year[2] - Current assets totaled ¥2,078,375,593.45, down 33.4% from ¥3,120,632,140.21 at the beginning of the period[14] - Total liabilities amounted to ¥2,637,483,492.48, a decrease of 27.5% from ¥3,641,839,074.39[15] - The company’s total equity attributable to shareholders was ¥150,256,687.95, down 42.7% from ¥262,833,269.05[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,469, with the largest shareholder holding 22.79% of the shares[6] - The largest shareholder, Zhuzhou High-tech Group Co., Ltd., holds 10,534,660 shares, representing a significant portion of the company's equity[7] - The company reported a total of 63,000,000 restricted shares held by Zhuhai Gree Financial Investment Management Co., Ltd., which are subject to a lock-up period of 18 months post-issuance[8] - The total number of restricted shares at the beginning of the period was 89,179,409, with 164,526 shares released and 7,682,994 shares added, resulting in 96,697,877 restricted shares at the end of the period[11] - The company has implemented a stock incentive plan, with a total of 7,650,994 shares being added to the restricted shares of the executive Wan Guojian[9] - The company continues to monitor shareholder relationships and potential conflicts, particularly among major shareholders[7] Operational Efficiency - The total operating costs for Q3 2024 were CNY 1,732,681,828.89, a decrease of 30.0% compared to CNY 2,477,711,209.18 in Q3 2023[17] - Research and development expenses decreased to CNY 73,183,191.57 in Q3 2024, down 38.8% from CNY 119,577,374.58 in Q3 2023[17] - The company experienced a significant decline in revenue due to lower lithium battery raw material prices and reduced sales volume from downstream customers[5] Financial Ratios and Metrics - The company reported a basic earnings per share of -¥0.1876, an improvement of 37.65% from the previous year[2] - The basic earnings per share for Q3 2024 was -0.4085, compared to -0.4529 in Q3 2023, showing a slight improvement in loss per share[18] Non-Recurring Items - Non-recurring gains included ¥5,866,124.90 from the disposal of non-current assets and ¥3,340,272.09 from government subsidies[3] Audit Status - The third quarter report has not been audited, which may affect the reliability of the financial data presented[21]