CORUN(600478)2024-10-30 09:54Financial Performance - The company's operating revenue for Q3 2024 reached ¥985,605,173.09, representing a 25.79% increase compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was ¥2,738,549.64, a significant improvement from a loss of ¥7,252,728.78 in the previous year[3]. - The net profit attributable to shareholders for the year-to-date decreased by 19.48% to ¥20,570,643.99 compared to the same period last year[3]. - The net profit for the third quarter of 2024 was a loss of ¥9,571,605.25, worsening from a loss of ¥5,317,484.22 in the same quarter of 2023[15]. - The company reported a decrease of 77.70% in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date, primarily due to falling lithium carbonate prices[8]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,124,293,343.39, reflecting a 3.71% increase from the end of the previous year[4]. - The total assets as of the end of the third quarter of 2024 were ¥9,124,293,343.39, an increase from ¥8,798,038,633.67 at the end of the third quarter of 2023, representing a growth of about 3.70%[13]. - Total liabilities increased to ¥6,000,922,058.98 in the third quarter of 2024, compared to ¥5,636,392,284.72 in the same period of 2023, marking an increase of approximately 6.48%[13]. - The company's total equity decreased to ¥3,123,371,284.41 from ¥3,161,646,348.95 year-over-year, reflecting a decline of approximately 1.21%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥260,304,201.22, a significant recovery from a loss of ¥68,100,797.44 in the previous year[3]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥260,304,201.22, compared to a negative cash flow of ¥86,337,407.56 in the same period of 2023[17]. - The company reported a net increase in cash and cash equivalents of ¥176,834,198.03 for the period, compared to an increase of ¥204,568,751.36 in the same period last year[18]. - The net cash flow from investing activities was negative at ¥126,535,499.56, compared to a negative cash flow of ¥513,430,142.03 in the previous year[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 69,081[9]. - The largest shareholder, Hunan Keli Yuan High-tech Group Co., Ltd., holds 204,298,803 shares, accounting for 12.27% of the total shares[9]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2024 were ¥2,532,497,302.56, compared to ¥2,465,042,290.59 in 2023, indicating an increase of about 2.73%[13]. - Research and development expenses for the first three quarters of 2024 amounted to ¥35,006,615.97, up from ¥28,486,524.02 in 2023, reflecting a growth of approximately 23%[15]. - The company reported an increase in sales expenses to ¥32,663,745.05 in the third quarter of 2024, compared to ¥30,035,822.64 in the same quarter of 2023, which is an increase of about 8.76%[15]. - The company's financial expenses rose to ¥104,602,905.08 in the third quarter of 2024, up from ¥88,969,582.46 in the same quarter of 2023, indicating an increase of approximately 17.61%[15]. Government Subsidies - The company received government subsidies amounting to ¥13,423,240.18 during the reporting period, contributing positively to its financial performance[6]. Earnings Per Share - The basic earnings per share for the reporting period was -0.004, a decrease of 20.00% compared to the previous year[3]. - Basic earnings per share for the period were ¥0.012, down from ¥0.015 in the same period of 2023[16]. Comprehensive Income - The total comprehensive income attributable to the parent company was ¥19,875,669.93, compared to ¥10,397,439.99 in the previous year[16]. Current and Non-Current Assets - The company's total current assets as of September 30, 2024, amount to approximately RMB 2.95 billion, an increase from RMB 2.65 billion at the end of 2023, representing a growth of about 11.0%[11]. - The total non-current assets are valued at approximately RMB 4.24 billion, a decrease from RMB 4.36 billion at the end of 2023, indicating a decline of about 2.8%[11]. - Cash and cash equivalents stand at approximately RMB 1.81 billion, up from RMB 1.53 billion, reflecting an increase of about 18.5%[11]. - Accounts receivable increased to approximately RMB 456.42 million from RMB 379.50 million, showing a growth of about 20.3%[11]. - Inventory decreased to approximately RMB 284.58 million from RMB 343.42 million, indicating a decline of about 17.1%[11]. Strategic Developments - The company has not reported any significant changes in shareholder financing or margin trading activities during the reporting period[10]. - There are no new strategies or significant developments mentioned in the report regarding market expansion or mergers and acquisitions[10]. - The company has not disclosed any new product or technology developments in the current reporting period[10].