连城数控(835368) - 2024 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 17.73% to CNY 376,885,453.30 for the period from January to September 2024, down from CNY 458,084,969.11 in the same period of 2023[3] - The basic earnings per share decreased by 17.86% to CNY 1.61 for the first nine months of 2024, compared to CNY 1.96 in the same period of 2023[3] - The company reported a 20.41% decrease in operating income for the third quarter of 2024, totaling CNY 1,437,917,628.26, compared to CNY 1,806,722,493.77 in the same quarter of 2023[3] - The company reported a loss of CNY 5,822,909.26 from debt restructuring[7] - The net profit for the current period is approximately ¥371.76 million, a decrease from ¥410.07 million in the previous period, representing a decline of about 9.3%[28] - The total comprehensive income for the current period is ¥37.94 million, compared to ¥129.62 million in the previous period, representing a decline of about 70.7%[31] Revenue and Costs - Operating income for the first nine months of 2024 increased by 7.31% to CNY 3,968,438,490.21, compared to CNY 3,698,177,097.56 in the previous year[3] - Total operating revenue for the first nine months of 2024 reached ¥3,968,438,490.21, an increase from ¥3,698,177,097.56 in the same period of 2023, representing a growth of approximately 7.3%[27] - Total operating costs for the first nine months of 2024 were ¥3,322,859,800.02, slightly down from ¥3,324,808,861.38 in 2023, indicating a marginal decrease of 0.04%[27] - The company reported a decrease in sales expenses to ¥125,842,580.69 in 2024 from ¥174,692,423.27 in 2023, a reduction of about 28%[27] - The company’s operating costs for the current period are ¥377.91 million, down from ¥836.12 million in the previous period, reflecting a decrease of approximately 54.8%[30] Assets and Liabilities - Total assets decreased by 17.21% to CNY 10,519,850,944.65 as of September 30, 2024, compared to CNY 12,705,933,440.56 at the end of 2023[3] - The company’s total liabilities to assets ratio decreased to 58.96% from 68.59% year-on-year[3] - Current assets total 8,556,103,450.88 yuan, down from 10,994,774,806.86 yuan in the previous year, with significant reductions in inventory and receivables[21] - The company’s short-term borrowings decreased to 525,248,920.01 yuan from 606,686,594.18 yuan year-over-year[22] - Non-current liabilities increased to 689,674,515.60 yuan from 143,741,250.74 yuan, indicating a shift in the company’s financial structure[22] Cash Flow - Cash flow from operating activities showed a significant decline of 349.40%, resulting in a net outflow of CNY 528,290,113.60 for the first nine months of 2024[3] - Operating cash flow for the first nine months of 2024 was negative at -528,290,113.60 RMB, compared to a positive 211,826,725.10 RMB in the same period of 2023, indicating a significant decline in operational performance[32] - Total cash inflow from operating activities decreased to 3,701,358,222.72 RMB, down 9.2% from 4,075,229,967.86 RMB year-over-year[32] - Cash outflow from operating activities increased to 4,229,648,336.32 RMB, up 9.5% from 3,863,403,242.76 RMB in the previous year[32] - Financing activities produced a net cash inflow of 557,425,408.55 RMB, up 78.8% from 311,675,102.16 RMB in the same period of 2023[33] Investments and Shareholder Information - The company’s investment income increased by 34.10% to CNY 111,596,194.31 due to better performance from associated enterprises[6] - The total number of ordinary shares at the end of the period was 233,499,640, with 54.59% held by the controlling shareholder[8] - The company executed related party transactions with a total expected amount of CNY 3,505,860,000, of which CNY 1,206,291,770.50 has been realized[14] - The company recognized a fair value change gain of CNY 3,781,575.74 from trading financial assets[7] - The company has two ongoing stock option incentive plans, with the first plan initiated in October 2020 and the second plan revised in October 2023[16] Other Financial Metrics - The company recorded a government subsidy of CNY 21,963,628.28 during the reporting period[7] - The company reported a credit impairment loss of ¥58.30 million, compared to ¥1.57 million in the previous period, showing a substantial increase in losses[30] - The company recorded an asset impairment loss of ¥12.40 million, compared to ¥10.74 million in the previous period, indicating an increase in impairment losses[30] - The company’s financial expenses include interest expenses of ¥3.45 million, down from ¥7.75 million in the previous period, indicating a decrease of approximately 55.5%[30]