GWE(600192)2024-10-29 08:10Financial Performance - The company's operating revenue for Q3 2024 was ¥496,050,209.81, a decrease of 13.96% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥38,259,935.67, representing a decline of 107.12% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,632,927.18, down 93.17% from the previous year[2]. - Total operating revenue for the first three quarters of 2024 was approximately ¥1.24 billion, a decrease of 24.4% compared to ¥1.64 billion in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was approximately -¥122.89 million, compared to -¥58.53 million in the same period of 2023, indicating a significant increase in losses[14]. - The total comprehensive loss for the first three quarters of 2024 was approximately -¥133.92 million, compared to -¥66.08 million in the same period of 2023[14]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥4,784,640,372.40, a decrease of 2.99% from the end of the previous year[3]. - The company's total liabilities are approximately CNY 1.32 billion, reflecting a decrease from CNY 1.45 billion at the end of 2023[12]. - The equity attributable to shareholders decreased by 9.17% to ¥1,293,011,657.46 compared to the end of the previous year[3]. - The company's equity attributable to shareholders is CNY 1.29 billion, down from CNY 1.42 billion year-over-year[12]. - As of September 30, 2024, total current assets amount to approximately CNY 3.46 billion, a decrease from CNY 3.58 billion at the end of 2023[11]. Cash Flow - The company reported a net cash flow from operating activities of ¥68,449,714.21 for Q3 2024, which is not applicable for year-on-year comparison[2]. - Cash flow from operating activities generated a net amount of approximately ¥13.82 million, a turnaround from a negative cash flow of -¥3.32 million in the same period of 2023[16]. - Cash inflow from financing activities amounted to ¥1,606,224,053.23, an increase from ¥1,362,815,106.61 in the prior period, with net cash flow from financing activities at ¥94,094,015.90, compared to ¥102,391,309.79 previously[17]. - The net increase in cash and cash equivalents was ¥87,682,430.56, up from ¥37,875,601.79 in the previous period, leading to an ending balance of ¥224,445,340.13 compared to ¥210,584,865.07[17]. Operational Metrics - The gross profit margin for Q3 2024 was 12.85%, a decrease of 2.30% compared to the same period last year[7]. - The company faced intensified market competition, leading to a decline in operational scale and negative performance indicators[7]. - Total operating costs decreased to approximately ¥1.36 billion, down 20.7% from ¥1.72 billion year-over-year[13]. - Research and development expenses for the first three quarters of 2024 were approximately ¥60.75 million, down 18.2% from ¥74.23 million in 2023[13]. - Sales expenses decreased to approximately ¥88.81 million, a reduction of 6.8% compared to ¥95.11 million in the previous year[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,659[8]. - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 174,607,284 shares, representing 39.53% of total shares[9]. - The company has no shareholders participating in margin financing or securities lending activities[9]. Non-Recurring Items - Non-recurring gains totaled ¥6,372,991.50 for the current period, down from ¥20,438,664.85 year-to-date[4]. - Other income for the first three quarters of 2024 was approximately ¥19.26 million, down from ¥22.84 million in 2023[13]. - The company recorded an investment income of approximately ¥1.45 million, a decrease from ¥2.29 million year-over-year[13].