泉峰汽车(603982) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was approximately ¥544.17 million, a decrease of 4.22% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of approximately ¥126.53 million for Q3 2024, with a cumulative loss of approximately ¥380.42 million for the year-to-date[2]. - Revenue for the first nine months of 2024 reached approximately ¥1.57 billion, an increase of 4.08% year-on-year, with the new energy vehicle parts business contributing ¥898 million, up 11%[5]. - Total operating revenue for the first three quarters of 2024 reached CNY 1,568,904,949.94, an increase of 4.5% compared to CNY 1,507,375,379.98 in the same period of 2023[16]. - The net loss attributable to the parent company for the first three quarters of 2024 was CNY -380,421,075.95, slightly worsening from CNY -379,026,341.80 in the same period of 2023[18]. - The company reported a comprehensive loss of CNY -383,379,093.96 for the first three quarters of 2024, compared to a comprehensive loss of CNY -377,269,046.92 in 2023[19]. Assets and Liabilities - The total assets at the end of Q3 2024 were approximately ¥6.70 billion, a decrease of 1.42% from the end of the previous year[4]. - The equity attributable to shareholders decreased by 16.32% year-on-year, amounting to approximately ¥1.93 billion[4]. - The company's total liabilities as of the end of the third quarter of 2024 were CNY 4,763,603,970.70, compared to CNY 4,482,689,532.81 at the end of the same period in 2023, reflecting an increase of 6.3%[18]. - The total equity attributable to shareholders of the parent company decreased to CNY 1,933,907,580.31 from CNY 2,310,981,285.88 in 2023, a decline of approximately 16.3%[18]. - The company's total current assets as of September 30, 2024, amount to 2,385,065,412.55 RMB, a decrease from 2,462,047,840.67 RMB at the end of 2023[13]. Cash Flow and Investments - The net cash flow from operating activities for the first three quarters of 2024 was -¥212,569,515.65, an improvement from -¥369,163,203.44 in the first three quarters of 2023[20]. - The cash inflow from investment activities totaled ¥102,299,954.86, down from ¥212,816,520.80 in the previous year, resulting in a net cash flow from investment activities of -¥151,704,124.77[22]. - The cash inflow from financing activities was recorded at ¥1,779,032,702.64 in 2023, while the net cash flow from financing activities in 2024 was ¥319,975,986.22, a decrease from ¥647,280,148.26 in 2023[22]. - The company reported a decrease in cash received from other operating activities, which rose to ¥121,885,357.53 in 2024 from ¥39,228,700.41 in 2023, indicating improved operational efficiency[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,036[11]. - The largest shareholder, Chervon Precision Technology Holdings Limited, holds 72,000,000 shares, accounting for 27.4% of the total shares[12]. - The company has a total of 1,516,600 shares held by individual shareholder Zhang Yan, representing 0.58% of the total shares[12]. Operational Efficiency and Cost Management - The company is focusing on cost control and efficiency improvement in production to enhance operational performance[6]. - The company continues to face challenges with high fixed costs and production efficiency as it ramps up new energy product lines[6]. - The company has made significant investments in its production bases in Ma'anshan and Hungary, which are expected to drive growth in new energy business revenue[6]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 1,981,081,985.96, up from CNY 1,908,739,896.34 in 2023, reflecting a year-on-year increase of 3.8%[16]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 104,492,655.53, a decrease from CNY 132,687,947.94 in 2023, indicating a reduction of approximately 21.2%[16]. - Financial expenses increased to CNY 122,252,280.96 in the first three quarters of 2024, compared to CNY 75,431,047.03 in 2023, marking a significant rise of 62%[16]. - The company paid ¥100,999,933.87 in dividends and interest in 2024, compared to ¥81,297,048.94 in 2023, indicating a rise in shareholder returns[22].