Xi'an Triangle Defense (300775)2024-10-29 10:45Financial Performance - The company's revenue for Q3 2024 was ¥188,834,897.01, a decrease of 71.99% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥68,609,504.84, representing a decline of 135.12% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥76,731,894.41, down 147.17% from the previous year[2]. - Total revenue for the period was ¥1,166,153,430.14, a decrease of 40.14% compared to the previous period due to delayed orders from major clients and price reductions of ¥214 million on previously sold products[9]. - Net profit for the period was ¥222,886,480.71, down 63.83% from ¥616,242,912.32 in the previous period, primarily due to reduced operating income and price adjustments[9]. - The total profit for the period was ¥252,679,922.12, reflecting a decrease of 64.67% from the previous period, primarily due to reduced operating income[9]. - The company reported a total comprehensive income of CNY 222,886,480.71 for Q3 2024, down from CNY 616,242,912.32 in Q3 2023[21]. Cash Flow - The operating cash flow for the year-to-date period was -¥595,548,385.09, a significant decrease of 805.43% compared to the same period last year[2]. - The net cash flow from operating activities was -¥595,548,385.09, a significant decline of 805.43% compared to -¥65,775,337.34 in the previous period, attributed to decreased cash received from sales[10]. - Cash and cash equivalents decreased by ¥418,935,721.62, a decline of 497.15% compared to an increase of ¥105,486,436.26 in the previous period, due to reduced cash from sales and increased cash payments for investments[10]. - Cash inflow from investment activities totaled 120,603,927.81 in the previous period, reflecting a 25.4% increase[23]. - Net cash outflow from investment activities was -277,749,691.51 in the previous period, showing a substantial increase in outflows[23]. - Cash inflow from financing activities was 523,549,325.88 in the previous period, representing a 187.5% increase[23]. - Net cash flow from financing activities was 449,011,465.11 in the previous period, indicating a strong improvement[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,218,559,706.28, an increase of 10.23% from the end of the previous year[2]. - The total liabilities increased significantly, with accounts payable rising to approximately ¥924.99 million from ¥703.53 million, an increase of about 31.4%[18]. - The company's total equity reached CNY 5,690,774,330.01, up from CNY 5,511,694,222.78 in the previous year, reflecting a growth of 3.2%[19]. - Total liabilities as of Q3 2024 amounted to CNY 3,527,785,376.27, an increase of 23.6% from CNY 2,851,477,723.00 year-over-year[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,106, with the top ten shareholders holding significant stakes[11]. - The largest shareholder, Xi'an Aviation Industry, holds 10.90% of the shares, amounting to 60,000,000 shares[11]. - The company reported a total of 17,792,125 restricted shares at the end of the period, down from 18,700,750 at the beginning, reflecting a reduction of about 4.8%[16]. Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15]. - Research and development expenses increased to CNY 65,258,014.23, up 24.0% from CNY 52,614,015.55 in the same quarter last year[20]. Stock and Incentives - The company has implemented a stock incentive plan with specific release schedules tied to performance evaluations, affecting a total of 3,331,000 shares[15]. - The number of restricted shares released during the period was 1,747,250, while 838,625 new restricted shares were added[16]. Financial Ratios - The company reported a basic and diluted earnings per share of -¥0.12, a decrease of 133.33% year-over-year[2]. - Basic and diluted earnings per share for Q3 2024 were both CNY 0.41, down from CNY 1.12 in the previous year[21].