Jidong Equipment(000856)2024-10-29 11:22Financial Performance - The company's revenue for Q3 2024 was ¥570,156,236.94, an increase of 6.12% compared to the same period last year, but a decrease of 17.24% year-to-date [2]. - The net profit attributable to shareholders was -¥6,487,314.82, representing a significant decline of 2,709.26% year-on-year, with a year-to-date decrease of 41.22% [2]. - Total operating revenue for Q3 2024 was CNY 1,901,867,941.04, a decrease of 17.3% compared to CNY 2,297,915,046.51 in the same period last year [12]. - Net profit for Q3 2024 was CNY 11,882,763.70, a decline of 43.0% compared to CNY 20,885,193.95 in Q3 2023 [13]. - Earnings per share for Q3 2024 was CNY 0.0495, down from CNY 0.0842 in the same quarter last year [13]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥183,418,635.99, a decline of 156.05% compared to the same period last year [5]. - The company's cash and cash equivalents decreased by 64.38% to ¥122,500,892.16 due to concentrated payments made this year [5]. - The company reported a decrease in cash and cash equivalents, with a notable drop in interest income to CNY 1,249,084.63 from CNY 1,821,702.42 in the previous year [13]. - Operating cash flow for the period was -183,418,635.99 CNY, a decrease from -71,634,414.44 CNY in the previous period [14]. - The company reported a cash flow net decrease of 211,572,117.76 CNY, compared to a decrease of 64,459,234.37 CNY in the previous period [15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,156,644,661.93, reflecting a 1.46% increase from the end of the previous year [2]. - Total assets increased to CNY 2,156,644,661.93 in Q3 2024, compared to CNY 2,125,535,958.03 in Q3 2023, reflecting a growth of 1.0% [11]. - Total liabilities rose to CNY 1,711,924,081.31, an increase of 1.8% from CNY 1,682,523,131.24 year-over-year [11]. - The company’s total non-current assets amounted to CNY 354,802,447.59, an increase from CNY 342,131,266.87 in the previous year [11]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,998 [7]. - The largest shareholder, Jidong Development Group, holds 30.00% of the shares, totaling 68,099,999 shares [7]. - The company has not reported any changes in the relationships or actions among the top shareholders [7]. - There are no significant changes in the top 10 shareholders' participation in margin financing and securities lending [7]. Other Income and Expenses - The company reported a significant increase in other income, which rose by 70.97% to ¥3,634,947.08, mainly due to increased government subsidies [5]. - Research and development expenses for Q3 2024 were CNY 36,877,366.87, slightly up from CNY 36,504,080.22 in Q3 2023 [12]. - The company’s other comprehensive income showed a loss of CNY 4,134,688.04, compared to a loss of CNY 2,492,932.87 in the same quarter last year [13]. Future Outlook and Changes - The company has not disclosed any new strategies or future outlook in the provided documents [7][9]. - The company will implement new accounting standards starting in 2024 [16]. - The company has not undergone an audit for the third quarter report [16].