Teamsun(600410)2024-10-29 08:49Financial Performance - The company's operating revenue for Q3 2024 was ¥824,600,271.21, a decrease of 17.76% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥32,937,531.11, with a year-to-date net profit of -¥214,032,678.92, reflecting a significant decrease of 6,506.35% year-on-year[2][3]. - The net cash flow from operating activities for Q3 2024 was ¥129,046,558.53, indicating a positive cash flow situation[2]. - The basic earnings per share for Q3 2024 was ¥0.03, compared to -¥0.20 in the same period last year[3]. - The weighted average return on equity for Q3 2024 was 0.81%, an increase of 1.80 percentage points year-on-year[3]. - The net profit for the third quarter of 2024 was a loss of ¥191,706,748.92, compared to a profit of ¥17,787,446.39 in the same quarter of 2023, indicating a significant decline[16]. - The total comprehensive income for the third quarter of 2024 was a loss of ¥196,953,714.82, contrasting with a gain of ¥77,558,509.76 in the same quarter of 2023[17]. - The net loss for the third quarter of 2024 was ¥181,425,536.22, compared to a net loss of ¥15,963,094.31 in the same quarter of 2023, indicating a significant decline in profitability[24]. Revenue and Costs - The company's revenue for the year-to-date period reached ¥2,977,002,019.07, a growth of 3.41% compared to the same period last year[3]. - The revenue from the mainland business (excluding ASL) was ¥1,359,000,000, an increase of 6.2% year-on-year[3]. - The revenue from the Hong Kong business (ASL) was ¥1,618,000,000, a year-on-year increase of 1.3%[3]. - Total operating revenue for the first three quarters of 2024 reached ¥2,977,002,019.07, an increase from ¥2,878,932,100.00 in the same period of 2023, representing a growth of approximately 3.44%[15]. - Total operating costs increased to ¥3,053,672,199.16 in 2024 from ¥2,987,033,588.46 in 2023, marking an increase of about 2.22%[15]. - Operating costs increased to ¥1,224,072,912.43, up from ¥971,411,958.11, reflecting a rise of 26.00%[23]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥8,416,047,438.09, a decrease of 4.06% from the end of the previous year[3]. - The equity attributable to shareholders at the end of Q3 2024 was ¥4,086,072,870.64, down 5.05% from the previous year[3]. - The total current assets decreased to ¥4,124,141,262.86 from ¥4,377,364,402.96[12]. - The company's total liabilities decreased to ¥3,682,607,126.96 in Q3 2024 from ¥3,826,020,493.30 in Q3 2023, a reduction of approximately 3.75%[14]. - The total liabilities increased to ¥3,470,147,871.74 from ¥3,355,425,663.97, marking an increase of 3.42%[22]. - The company's equity decreased to ¥3,681,261,478.19 from ¥3,858,634,389.73, a decrease of 4.59%[22]. - The company's long-term borrowings decreased to ¥100,000,000.00 in Q3 2024 from ¥140,000,000.00 in Q3 2023, a reduction of 28.57%[14]. - The total assets as of the end of the third quarter of 2024 were ¥7,151,409,349.93, slightly down from ¥7,214,060,053.70 at the end of the previous quarter[22]. Cash Flow - The net cash flow from operating activities for the first three quarters of 2024 was ¥313,030,809.15, compared to a negative cash flow of ¥280,146,104.48 in the same period of 2023, indicating a significant recovery[19]. - Total cash inflow from operating activities increased to ¥3,533,041,577.82 in 2024 from ¥3,412,909,806.14 in 2023, reflecting a growth of approximately 3.5%[19]. - Cash outflow from operating activities decreased to ¥3,220,010,768.67 in 2024 from ¥3,693,055,910.62 in 2023, showing a reduction of about 12.8%[19]. - The net cash flow from investment activities improved to ¥144,759,635.24 in 2024 from a negative cash flow of ¥110,097,681.14 in 2023, indicating a positive turnaround[19]. - The net cash flow from financing activities turned negative at -¥605,012,490.42 in 2024, compared to a positive cash flow of ¥327,070,344.86 in 2023[19]. - The ending balance of cash and cash equivalents as of September 30, 2024, was ¥864,450,607.10, down from ¥779,352,257.01 in the same period of 2023[20]. - The company's cash and cash equivalents decreased to ¥1,176,937.52 from ¥2,734,703.43, a decline of 56.91%[22]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥189,011,942.69, a significant improvement compared to a net outflow of ¥249,896,094.66 in the same period of 2023[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 111,262[8]. - The number of shares held by the top shareholder, Wang Weihang, is 43,717,039, representing 3.99% of total shares[10]. Legal Matters - The company is currently involved in a legal dispute regarding trade secrets, with a ruling from the U.S. Court of Appeals allowing the case to continue in New York state court[11]. Research and Development - Research and development expenses for the first three quarters of 2024 were ¥70,215,344.90, down from ¥88,672,214.55 in 2023, a decrease of approximately 20.83%[15]. - Research and development expenses decreased to ¥62,120,150.87 from ¥75,893,242.33, a reduction of 18.24%[23].