兴业股份(603928) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 364.81 million, a slight increase of 0.47% year-over-year[2] - Cumulative revenue from the beginning of the year to the end of the reporting period was RMB 1.09 billion, a decrease of 3.92% year-over-year[2] - Total operating revenue for the first three quarters of 2024 was 1,086,307,067.88 RMB, a decrease of 3.92% compared to 1,130,631,513.72 RMB in the same period of 2023[13] - Net profit attributable to shareholders for the third quarter was RMB 8.47 million, a significant decrease of 51.33% year-over-year[2] - Cumulative net profit attributable to shareholders from the beginning of the year to the end of the reporting period was RMB 36.58 million, a decrease of 43.19% year-over-year[2] - Net profit for the first three quarters of 2024 was 36,582,972.25 RMB, a decrease of 43.18% compared to 64,390,486.95 RMB in the same period of 2023[15] - Basic earnings per share for the third quarter were RMB 0.03, a decrease of 66.67% year-over-year[2] - Basic earnings per share for the first three quarters of 2024 were 0.14 RMB, a decrease of 56.25% compared to 0.32 RMB in the same period of 2023[17] Asset and Liability Changes - Total assets at the end of the reporting period were RMB 1.72 billion, a decrease of 6.60% compared to the end of the previous year[3] - Equity attributable to shareholders at the end of the reporting period was RMB 1.50 billion, a decrease of 1.59% compared to the end of the previous year[3] - Total assets decreased from RMB 1,838,729,264.50 to RMB 1,717,285,020.87, a decline of 6.6%[10][11][12] - Current assets decreased from RMB 1,074,868,051.12 to RMB 1,019,445,644.75, a decline of 5.2%[10] - Monetary funds decreased from RMB 104,432,403.13 to RMB 38,412,092.81, a significant decline of 63.2%[10] - Accounts receivable decreased slightly from RMB 574,382,495.95 to RMB 563,294,486.63, a decline of 1.9%[10] - Total liabilities decreased from RMB 310,402,694.39 to RMB 213,185,300.90, a decline of 31.3%[11][12] - Short-term borrowings decreased from RMB 98,803,386.75 to RMB 0, a 100% reduction[11] - Shareholders' equity decreased slightly from RMB 1,528,326,570.11 to RMB 1,504,099,719.97, a decline of 1.6%[12] - Retained earnings increased slightly from RMB 640,608,406.20 to RMB 643,524,178.33, a growth of 0.5%[12] Cash Flow and Operating Activities - Cash flow from operating activities for the period from the beginning of the year to the end of the reporting period was RMB 103.14 million, a decrease of 50.93% year-over-year[2] - Net cash flow from operating activities for the first three quarters of 2024 was 103,136,559.55 RMB, a decrease of 50.92% compared to 210,162,278.45 RMB in the same period of 2023[19] - Cash received from sales of goods and services for the first three quarters of 2024 was 1,239,960,063.81 RMB, a decrease of 9.19% compared to 1,365,387,547.17 RMB in the same period of 2023[19] - Cash paid for goods and services for the first three quarters of 2024 was 993,401,284.61 RMB, a decrease of 0.67% compared to 1,000,067,795.58 RMB in the same period of 2023[19] - Cash received from investments for the first three quarters of 2024 was 311,558,996.51 RMB, a decrease of 42.02% compared to 537,300,000.00 RMB in the same period of 2023[19] - Cash paid for investments for the first three quarters of 2024 was 330,300,000.00 RMB, an increase of 1.29% compared to 326,100,000.00 RMB in the same period of 2023[19] - Investment activities cash outflow totaled 345,261,314.14, a decrease of 33.1% compared to the previous period[20] - Net cash flow from investment activities was -29,884,310.54, a significant decline from the previous positive 23,652,568.04[20] - Cash inflow from financing activities was 134,267,425.00, primarily from obtaining loans[20] - Cash outflow from financing activities was 304,085,413.66, with 301,681,885.00 used for debt repayment[20] - Net cash flow from financing activities was -169,817,988.66, indicating substantial cash outflow[20] - The net increase in cash and cash equivalents was 64,043,275.64, a significant improvement from the previous -61,466,555.03[20] - The ending balance of cash and cash equivalents was 105,888,255.19, more than double the previous period's 38,412,092.81[20] Operating Costs and Expenses - Operating costs for the first three quarters of 2024 were 956,238,855.51 RMB, an increase of 0.86% compared to 948,102,694.38 RMB in the same period of 2023[13] - R&D expenses for the first three quarters of 2024 were 35,732,711.02 RMB, a decrease of 3.80% compared to 37,145,498.33 RMB in the same period of 2023[15] Government Subsidies and Other Income - The company received government subsidies amounting to RMB 183,288 during the reporting period[5] Profit Decline Reasons - The decrease in net profit was mainly due to a decline in product prices, leading to a reduction in gross profit[6]