Malion(300586)2024-10-29 12:22Financial Performance - The company's revenue for Q3 2024 was ¥417,391,965.90, representing a decrease of 2.46% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥1,986,475.99, down 81.58% year-on-year[3]. - The net profit excluding non-recurring gains and losses was ¥1,849,319.89, a decrease of 79.60% compared to the previous year[3]. - Total operating revenue for Q3 2024 was CNY 1,268,731,075.94, a decrease of 9.1% compared to CNY 1,395,749,524.79 in the same period last year[16]. - Net profit for Q3 2024 was CNY 46,761,693.27, down 67.8% from CNY 145,185,437.24 in Q3 2023[17]. - Operating profit decreased to CNY 50,552,627.81, a decline of 68.2% from CNY 158,797,009.56 year-over-year[16]. - Basic earnings per share for Q3 2024 were ¥0.0028, reflecting an 81.58% decline compared to the same period last year[3]. - Basic earnings per share for Q3 2024 were CNY 0.0514, down from CNY 0.1434 in the same quarter last year[17]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was ¥147,030,805.80, down 43.58% year-on-year[3]. - The cash inflow from operating activities for the current period is CNY 1,121,042,905.77, a decrease of 3.8% compared to CNY 1,165,963,347.85 in the previous period[18]. - The net cash flow from operating activities is CNY 147,030,805.80, down 43.5% from CNY 260,622,146.87 in the same period last year[18]. - Cash inflow from investment activities is CNY 50,772,673.76, significantly lower than CNY 285,210,484.56 in the previous period, representing an 82.2% decrease[18]. - The net cash flow from investment activities is -CNY 218,653,474.27, an improvement from -CNY 358,919,515.45 in the previous period[18]. - Cash inflow from financing activities totals CNY 386,238,767.35, an increase of 7.7% compared to CNY 359,861,904.00 last year[19]. - The net cash flow from financing activities is -CNY 22,123,154.60, a decline from CNY 130,674,869.92 in the previous period[19]. - The ending balance of cash and cash equivalents is CNY 284,668,218.68, down from CNY 416,202,695.78 at the end of the previous period[19]. - The company's cash and cash equivalents decreased to CNY 294,204,024.09 from CNY 390,642,205.13, representing a decline of about 24.7%[14]. - The company’s cash inflow from sales of goods and services is CNY 967,600,219.06, down from CNY 1,068,370,696.90 in the previous period, reflecting a decrease of 9.4%[18]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥3,510,408,465.85, an increase of 2.32% from the end of the previous year[3]. - The total assets of Guangdong Meilian New Materials Co., Ltd. at the end of Q3 2024 amounted to CNY 3,510,408,465.85, an increase from CNY 3,430,930,861.14 at the beginning of the period, reflecting a growth of approximately 2.3%[14]. - The total non-current assets at the end of Q3 2024 were CNY 2,478,813,664.71, up from CNY 2,377,409,476.38, showing an increase of about 4.3%[14]. - Total liabilities increased to CNY 1,171,886,331.25, compared to CNY 1,066,661,142.72 in the previous year[16]. - Long-term borrowings rose significantly to CNY 380,643,857.64 from CNY 229,980,000.00, reflecting a 65.5% increase[16]. - The company's total equity decreased to CNY 2,338,522,134.60 from CNY 2,364,269,718.42, a decline of 1.1%[16]. - Shareholders' equity attributable to the parent company was ¥1,916,864,193.87, a slight decrease of 0.29% from the previous year[3]. - The total liabilities of the company at the end of Q3 2024 were not explicitly stated but are implied to have decreased due to the reduction in short-term borrowings[14]. - The company's short-term borrowings decreased to CNY 212,359,846.55 from CNY 329,528,638.96, a reduction of approximately 35.5%[14]. Operational Highlights - The company reported a significant decline in gross margin, primarily due to reduced revenue and lower overall profitability[7]. - The company received government subsidies amounting to ¥2,735,392.43 year-to-date, which are considered regular operating income[5]. - The company has decided to postpone the construction of the lithium battery wet separator industrialization project, prioritizing strategic projects based on industry development trends[12]. - The company continues to monitor the development dynamics of the new energy separator industry to prioritize the resumption of the postponed project when appropriate[12]. - Research and development expenses for Q3 2024 were CNY 45,932,336.94, down 7.9% from CNY 49,897,713.20 in Q3 2023[16]. - The company reported a decrease in sales expenses to CNY 15,016,002.07 from CNY 16,315,673.81, a reduction of 7.9%[16]. - The total number of ordinary shareholders at the end of the reporting period was 25,521[8]. - The company reported a total of 176,700,614 shares under lock-up restrictions at the end of the period, with no new shares added during the reporting period[11]. - Other comprehensive income after tax for the parent company was CNY -46,747.18, compared to CNY -331,975.97 in Q3 2023[17].