EASTCOM(600776)2024-10-29 09:27Financial Performance - The company's operating revenue for Q3 2024 was ¥663,932,036.84, representing a year-on-year increase of 0.16%[3] - The net profit attributable to shareholders for Q3 2024 was ¥15,303,337.37, a decrease of 65.00% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥9,549,116.51, with no applicable percentage change[3] - The basic earnings per share for Q3 2024 was ¥0.0122, reflecting a decrease of 65.00% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 1,970,346,058.88, an increase from CNY 1,924,436,460.59 in the same period of 2023, representing a growth of approximately 2.7%[15] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 103,634,698.61, down from CNY 114,650,171.57 in 2023, indicating a decrease of about 9.0%[15] - The company reported a total comprehensive income of CNY 102,251,057.34 for the first three quarters of 2024, compared to CNY 112,115,948.12 in 2023, reflecting a decrease of approximately 8.7%[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,359,999,952.62, showing a slight increase of 0.13% from the end of the previous year[3] - The total assets of the company as of the end of the third quarter of 2024 amounted to CNY 4,359,999,952.62, slightly up from CNY 4,354,312,127.79 at the end of 2023[14] - The total liabilities decreased to CNY 868,641,950.13 from CNY 886,665,773.35, reflecting a reduction of approximately 2.0%[14] - The total current assets as of September 30, 2024, were RMB 2,700,610,083.77, compared to RMB 2,684,697,015.81 at the end of 2023[12] - The total non-current assets decreased from RMB 1,500,000,000 to RMB 1,400,000,000, indicating a decline in long-term investments[12] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥176,092,191.01, indicating a significant decline of 1,024.11%[3] - In the first three quarters of 2024, the company reported a net cash flow from operating activities of -176,092,191.01 RMB, compared to a positive cash flow of 19,055,333.09 RMB in the same period of 2023[17] - Total cash inflow from operating activities was 2,185,502,012.97 RMB, slightly up from 2,181,039,307.53 RMB year-over-year[17] - The company experienced a significant increase in cash outflow for purchasing goods and services, totaling 1,960,494,629.73 RMB, compared to 1,720,476,777.08 RMB in the previous year, marking an increase of approximately 13.9%[17] - Cash and cash equivalents at the end of the period stood at 720,554,138.62 RMB, down from 1,588,278,874.96 RMB at the end of the previous year, reflecting a decrease of about 54.5%[18] - The net cash flow from investing activities was -73,456,068.54 RMB, a decline from a positive cash flow of 85,455,981.58 RMB in the same period last year[17] - The company reported a total cash outflow from financing activities of 78,786,982.69 RMB, compared to 69,715,872.66 RMB in the previous year, indicating an increase of approximately 13%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 115,188[7] - The largest shareholder, China Electronics Technology Group Corporation, holds 545,615,552 shares, representing 43.441% of total shares[7] Governance Changes - The company announced the election of a new non-independent director during the shareholder meeting on August 1, 2024[10] - The resignation of the deputy general manager was reported on August 26, 2024, due to job changes[10] - The board and supervisory board's term will be extended until the new candidates are nominated, ensuring continuity in governance[11] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 139,392,650.70, compared to CNY 127,459,344.38 in the same period of 2023, marking an increase of about 9.5%[15]