Genew(688418)2024-10-30 10:04Financial Performance - The company's operating revenue for Q3 2024 was ¥200,939,292.34, representing a year-on-year increase of 3.53%[2] - Net profit attributable to shareholders for Q3 2024 was ¥8,877,302.73, a significant increase of 206.33% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.0461, reflecting a year-on-year increase of 205.30%[2] - The company reported a net loss of CNY 206,121,722.28 for the first three quarters of 2024, an improvement from a net loss of CNY 222,727,873.28 in the same period of 2023[16] - The net profit for Q3 2024 was CNY 16,679,116.19, a significant recovery from a net loss of CNY 45,256,975.05 in the same period last year, marking a turnaround of over 136.9%[19] - The total comprehensive income for Q3 2024 was CNY 17,376,993.81, compared to a loss of CNY 45,315,678.13 in Q3 2023, indicating a substantial improvement[20] - Basic earnings per share for Q3 2024 were CNY 0.0862, recovering from a loss of CNY 0.2186 per share in Q3 2023[20] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥1,739,835,323.25, a decrease of 6.69% from the end of the previous year[4] - The company's total assets as of the end of Q3 2024 were CNY 1,739,835,323.25, a decrease from CNY 1,864,604,646.91 at the end of Q3 2023[17] - Total liabilities decreased to CNY 825,446,279.85 in Q3 2024 from CNY 974,031,745.60 in Q3 2023, showing a reduction of about 15.2%[16] - The company's total non-current assets were CNY 305,359,198.55 in Q3 2024, down from CNY 330,510,739.32 in Q3 2023, indicating a decrease of about 7.6%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥38,801,478.34, indicating a significant improvement in cash flow management[2] - Operating cash flow for the first three quarters of 2024 was CNY -38,801,478.34, an improvement from CNY -119,649,369.91 in the same period last year[22] - The company reported cash inflows from operating activities totaling CNY 836,457,580.10 for the first three quarters of 2024, compared to CNY 724,780,691.30 in the previous year[21] - The company's cash and cash equivalents decreased from RMB 212,303,662.61 at the end of 2023 to RMB 101,260,083.35 as of September 30, 2024[14] - Cash and cash equivalents at the end of Q3 2024 stood at CNY 95,617,821.14, down from CNY 115,178,077.72 at the end of Q3 2023[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,758[9] - The largest shareholder, Wu Minhua, holds 32,147,460 shares, representing 16.60% of the total shares[9] - The second-largest shareholder, Ningbo Zhenyou Enterprise Management Partnership, holds 28,855,002 shares, representing 14.90% of the total shares[9] - The total number of preferred shareholders with restored voting rights is 0[9] - The company has no pledged, marked, or frozen shares among its major shareholders[9] - The company has not disclosed any related party transactions among its major shareholders, except for the relationship between Wu Minhua and Ningbo Zhenyou Enterprise Management Partnership[11] Research and Development - Research and development expenses totaled ¥45,651,598.17 in Q3 2024, accounting for 22.72% of operating revenue, a decrease of 2.86 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2024 amounted to CNY 132,652,472.76, up from CNY 124,346,121.59 in 2023, reflecting an increase of approximately 6.5%[18] Future Outlook - The company plans to continue focusing on cost control and efficiency improvements to sustain profitability growth in the upcoming quarters[7]