Kersen(603626)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 reached ¥880,794,522.46, representing a year-on-year increase of 40.13%[2] - The net profit attributable to shareholders of the listed company was -¥73,318,894.32 for the quarter, with a year-to-date net profit of -¥233,970,187.31[2] - Total operating revenue for the first three quarters of 2024 reached ¥2,621,945,260.11, a 37.1% increase from ¥1,912,407,779.87 in the same period of 2023[16] - Net profit for the third quarter of 2024 was a loss of ¥233,970,187.31, compared to a loss of ¥160,129,577.23 in the same quarter of 2023, indicating a worsening financial performance[17] - The total comprehensive income attributable to the parent company for Q3 2024 was -232,801,577.14 CNY, compared to -160,058,821.12 CNY in Q3 2023, reflecting a decline[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,604,049,973.35, an increase of 6.08% compared to the end of the previous year[3] - The total liabilities increased to ¥3,104,662,425.52 in 2024 from ¥2,458,048,607.74 in 2023, indicating a rise in the company's debt levels[15] - The equity attributable to shareholders of the listed company decreased by 11.52% to ¥2,499,387,547.83 compared to the end of the previous year[3] - The company's cash and cash equivalents decreased significantly, impacting liquidity and financial flexibility[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥84,274,403.56, reflecting a decrease of 76.45% year-on-year[2] - Cash inflows from operating activities for the first three quarters of 2024 totaled 2,304,274,500.44 CNY, slightly down from 2,334,730,715.33 CNY in 2023[19] - Cash outflows from operating activities increased to 2,220,000,096.88 CNY in Q3 2024, compared to 1,976,857,669.27 CNY in Q3 2023[20] - The net cash flow from operating activities for the first three quarters of 2024 was 84,274,403.56 CNY, a significant decrease from 357,873,046.06 CNY in the previous year[20] - Cash inflows from financing activities increased to 655,000,000.00 CNY in Q3 2024, up from 539,616,235.33 CNY in Q3 2023[20] Investments and Expenses - Research and development expenses increased to ¥145,133,006.43 in 2024 from ¥134,556,903.49 in 2023, highlighting the company's commitment to innovation[17] - The company reported non-recurring gains and losses of ¥824,145.25 for the quarter, with a year-to-date total of ¥11,334,164.25[5] - Total operating costs for the first three quarters of 2024 were ¥2,871,043,154.43, up from ¥2,086,033,583.73 in 2023, reflecting a significant increase in operational expenses[16] Product Development and Market Strategy - The increase in operating revenue was attributed to the mass production of new products[7] - The company is currently in the development and sampling stage for several new products, which has affected profitability expectations[7] - The company plans to continue focusing on market expansion and new product development to drive future growth[17] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[11]