金龙机电(300032) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥412,424,240.70, a decrease of 33.81% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥22,569,873.15, down 24.70% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was a loss of ¥21,775,836.68, a decrease of 3.48% compared to the previous year[3]. - The company reported a significant decrease in operating income for the first nine months of 2024, totaling ¥1,060,006,700.37, down 53.23% from ¥2,266,194,871.17 in the same period last year[6]. - Sales revenue decreased by 64.73% to ¥969,877,091.14, attributed to a decline in operating income[7]. - The net profit for the third quarter of 2024 was -60,849,949.31 CNY, compared to -4,991,938.87 CNY in the same period last year, indicating a significant decline in profitability[21]. - The total profit for the quarter was -66,443,166.54 CNY, compared to a profit of 1,687,545.80 CNY in the same period last year[21]. - Total comprehensive income for the quarter was -61,057,292.84 CNY, compared to -5,512,479.81 CNY in the same period last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,772,229,048.89, a decrease of 14.40% from the end of the previous year[3]. - Total liabilities decreased to ¥1,058,108,772.82 from ¥1,270,834,630.46[19]. - The company's equity attributable to shareholders decreased to ¥721,536,942.91 from ¥806,307,896.42[19]. - Long-term investments in equity decreased to ¥1,057,354.86 from ¥134,651,802.36[18]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥31,741,592.36, reflecting a 79.75% increase in cash outflow compared to the previous year[3]. - Cash received from tax refunds fell by 49.56% to ¥45,027,268.49, due to reduced export business[7]. - Net cash flow from operating activities was -31,741,592.36, compared to -156,723,219.48 in the previous year[24]. - The ending balance of cash and cash equivalents was 269,891,560.41, compared to 87,368,374.08 in the previous year[24]. - The company reported a net increase in cash and cash equivalents of 138,455,176.29, contrasting with a decrease of -252,706,410.76 in the previous year[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,438[9]. - The largest shareholder, Hebei Ningrui Woge Enterprise Management Consulting Co., Ltd., holds 16.49% of shares, totaling 132,426,713 shares[9]. - The second-largest shareholder, Wuhan Ruifude Investment Management Center (Limited Partnership), holds 3.44% of shares, totaling 27,624,309 shares[9]. Investments and Acquisitions - The company has completed the acquisition of land use rights for approximately 81 acres in Dongguan for an investment of RMB 76.2 million[12]. - The company sold a 29% stake in Shenzhen United Dongchuang Technology Co., Ltd. for RMB 116 million[14]. - The company transferred a 5% stake in Qingdao BOE Optoelectronics Technology Co., Ltd. for RMB 241.42 million[14]. - The company has been authorized to issue up to RMB 300 million in stock to specific investors, not exceeding 20% of the net assets as of the end of the last fiscal year[15]. Expenses - The company experienced a 166.25% increase in financial expenses, amounting to ¥11,944,798.73, primarily due to reduced exchange gains compared to the previous year[6]. - The company recorded a 95.40% increase in asset impairment losses to ¥25,920,510.28, primarily due to higher inventory write-downs[7]. - The company reported a tax expense of -5,593,217.23 CNY, contrasting with a tax expense of 6,679,484.67 CNY in the previous year[21]. - Research and development expenses amounted to 50,706,262.29 CNY, down from 75,103,066.45 CNY year-over-year, reflecting a 32.5% decrease[21]. - Sales expenses increased to 28,335,379.63 CNY from 24,076,926.08 CNY, marking an increase of approximately 9.4% year-over-year[21]. Other Information - The company has not yet commenced construction on the new project due to external operating environment changes[13]. - The report indicates that there are no changes in the top 10 shareholders due to securities lending or borrowing[10]. - The company has not undergone an audit for the third quarter report[25]. - The report was released on October 28, 2024[25].