JAHB(603822)2024-10-30 09:45Financial Performance - Operating revenue for Q3 2024 was ¥279,093,389.78, a decrease of 54.50% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was -¥64,649,378.29, with a year-to-date net profit of -¥134,476,297.25, reflecting a decrease of 463.51% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 1,038,335,495.45, a decrease of 52.5% compared to CNY 2,184,826,498.19 in the same period of 2023[13] - The net profit for the first three quarters of 2024 was a loss of CNY 135,485,911.34, compared to a profit of CNY 38,587,826.56 in the same period of 2023[15] - The total comprehensive income for the third quarter of 2024 was -135,485,911.34 CNY, compared to 38,587,826.56 CNY in the same period of 2023[16] Cash Flow - Cash flow from operating activities for the year-to-date period was -¥238,295,219.62, a decline of 294.60% compared to the previous year[3] - Cash inflows from operating activities totaled 1,678,193,599.24 CNY, down from 2,467,318,233.28 CNY year-over-year, representing a decline of approximately 32%[17] - Cash outflows from operating activities were 1,552,294,577.49 CNY, compared to 2,053,380,620.29 CNY in the same period last year, indicating a decrease of about 24%[17] - Net cash flow from operating activities was 125,899,021.75 CNY, a decline of approximately 70% from 413,937,612.99 CNY in the previous year[17] - Net cash flow from investing activities was -1,472,431,513.63 CNY, compared to -632,981,656.58 CNY in the same period of 2023, reflecting a worsening investment position[18] - Net cash flow from financing activities was 1,469,301,801.50 CNY, an increase from 413,902,309.06 CNY year-over-year, indicating a stronger financing position[18] - The ending balance of cash and cash equivalents was 276,648,998.22 CNY, down from 395,064,607.75 CNY in the previous year[18] - The company reported a significant decrease in cash received from sales of goods and services, totaling 1,401,213,530.42 CNY compared to 2,201,339,883.69 CNY in the same period last year[17] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥5,360,497,463.99, representing an increase of 51.43% from the end of the previous year[3] - The company's total assets increased to CNY 5,360,497,463.99 in Q3 2024, up from CNY 3,539,873,436.91 in Q3 2023, representing a growth of 51.4%[12] - Total liabilities rose to CNY 3,823,043,165.81 in Q3 2024, compared to CNY 2,156,435,552.19 in Q3 2023, indicating an increase of 77.5%[12] - Long-term borrowings increased significantly to CNY 1,296,169,098.00 in Q3 2024, compared to CNY 179,470,000.00 in Q3 2023, marking a rise of 620.5%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,027, with the top ten shareholders holding 38.6% of the shares[8] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 29,835,498 shares, accounting for 7% of the total shares[8] - Shareholder equity decreased by 13.86% year-on-year, amounting to ¥901,702,257.36 at the end of Q3 2024[3] Operational Insights - The decline in operating revenue and net profit was primarily attributed to a decrease in biomass energy sales[6] - The company reported a significant cash flow decline due to procurement activities at Lianyungang Jiaao[7] - The company plans to focus on market expansion and new product development to recover from the current financial downturn[15] - There are no significant reminders for investors regarding the company's operational situation during the reporting period[9] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 33,756,896.84, up from CNY 25,977,884.53 in 2023, an increase of 30%[15] Non-Recurring Items - Non-recurring gains and losses for the year-to-date period included government subsidies totaling ¥1,437,974.22[4] - The increase in deferred tax assets to CNY 129,438,376.72 in Q3 2024 from CNY 80,277,243.41 in Q3 2023 suggests potential future tax benefits[12]