祥源文旅(600576) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥254,151,224.36, representing a 5.00% increase compared to ¥242,060,300.28 in the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥50,753,579.72, a decrease of 27.81% from ¥70,302,894.83 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,835,028.04, down 17.51% from ¥60,415,717.29 year-on-year[4]. - The basic earnings per share for Q3 2024 was ¥0.0481, a decrease of 27.01% compared to ¥0.0659 in the same period last year[4]. - Total operating revenue for the first three quarters of 2024 reached ¥623,537,022.51, an increase from ¥573,940,107.31 in the same period of 2023, representing a growth of approximately 8.66%[20]. - Net profit for the third quarter of 2024 was ¥120,430,847.38, down from ¥135,162,740.70 in the same quarter of 2023, reflecting a decrease of approximately 10.77%[22]. - The total comprehensive income for Q3 2024 is CNY 120,430,847.38, down from CNY 135,162,740.70 in Q3 2023, reflecting a decline of 10.9%[23]. - Basic and diluted earnings per share for Q3 2024 are both CNY 0.1036, compared to CNY 0.1232 in Q3 2023, indicating a decrease of 15.0%[23]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥4,131,495,517.28, an increase of 8.68% from ¥3,693,485,177.38 at the end of the previous year[4]. - The total assets of the company as of the end of the third quarter of 2024 were ¥4,131,495,517.28, up from ¥3,801,622,191.50 at the end of the same quarter in 2023, marking an increase of approximately 8.68%[19]. - The total liabilities of the company increased to ¥1,159,145,576.53 in the third quarter of 2024, compared to ¥923,091,524.97 in the same period of 2023, representing a growth of about 25.59%[19]. - The company's long-term payables were reported at ¥94,658,241.75 in 2024, compared to ¥93,466,346.74 in 2023, indicating a marginal increase of approximately 1.28%[19]. - Deferred income tax liabilities decreased from ¥276,634,967.08 in 2023 to ¥270,583,874.75 in 2024, showing a reduction of about 2.18%[19]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥168,648,913.45, a decrease of 6.94% compared to ¥181,224,530.68 in the previous year[4]. - Cash inflow from operating activities totaled CNY 684,433,899.95 in the first three quarters of 2024, compared to CNY 856,618,338.91 in 2023, a decrease of 20.1%[25]. - Cash outflow from operating activities in the first three quarters of 2024 is CNY 515,784,986.50, down from CNY 675,393,808.23 in 2023, a reduction of 23.6%[25]. - The net cash flow from investing activities for the first three quarters of 2024 is CNY -509,510,196.54, compared to CNY 21,791,131.65 in the same period of 2023[26]. - The net cash flow from financing activities for the first three quarters of 2024 is CNY 16,637,105.44, a significant improvement from CNY -383,368,537.17 in 2023[26]. - The ending cash and cash equivalents balance as of Q3 2024 is CNY 192,125,285.26, down from CNY 463,547,546.18 at the end of Q3 2023[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,366[8]. - The largest shareholder, Xiangyuan Tourism Development Co., Ltd., held 36.93% of the shares, with 394,158,357 shares frozen[8]. - The company repurchased a total of 12,775,766 shares, accounting for 1.20% of the total share capital, as of September 27, 2024[13]. - The company has initiated a share repurchase plan approved in May and June 2024, reflecting a strategic move to enhance shareholder value[13]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Huangshan Qiyunshan Tourism Management Co., Ltd., which is now a wholly-owned subsidiary, impacting the financial data retrospectively[4]. - The company completed the acquisition of a 64% stake in Yizhang Mangshan Scenic Area Tourism Development Co., Ltd. on September 23, 2024[13]. - Long-term equity investments increased significantly to approximately ¥138.92 million from ¥50.95 million, representing a growth of about 172.56%[16]. - The company signed a franchise agreement for the Jinjiang Gallery cruise project at Danxia Mountain Scenic Area, indicating ongoing market expansion efforts[13]. - The company is actively participating in the bidding for the Danxia Mountain Scenic Area project, showcasing its commitment to growth and development in the tourism sector[13]. Operational Metrics - Research and development expenses for the third quarter of 2024 amounted to ¥8,958,276.11, compared to ¥7,682,229.11 in the previous year, showing an increase of about 16.63%[22]. - Total operating costs for the first three quarters of 2024 were ¥464,019,682.06, compared to ¥382,409,797.60 in 2023, indicating an increase of about 21.39%[20]. - The company's cash and cash equivalents decreased to approximately ¥193.19 million from ¥524.88 million as of December 31, 2023, representing a decline of about 63.32%[16]. - Accounts receivable increased to ¥80.69 million from ¥52.34 million, marking a growth of approximately 54.06%[16]. - Inventory rose to ¥122.23 million from ¥96.50 million, reflecting an increase of about 26.67%[16].