DFAC(600006)2024-10-30 10:42Financial Performance - Total revenue for Q3 2024 was ¥2,181,015,967.11, a decrease of 42.14% compared to the same period last year[2]. - Net profit attributable to shareholders was -¥180,031,811.83, reflecting a significant decline of 407.32% year-to-date[2]. - Basic earnings per share for Q3 2024 was -¥0.0900, compared to -¥0.0573 for the same period last year, indicating a decline of 406.42%[3]. - Net profit for the third quarter of 2024 was CNY -113,781,148.41, compared to a profit of CNY 41,612,926.06 in the same quarter of 2023, indicating a significant decline[16]. - The total comprehensive income for the third quarter of 2024 was CNY -113,781,148.41, contrasting with CNY 41,612,926.06 in the previous year[17]. - The net profit for the third quarter of 2024 was a loss of CNY 203,372,960.66, compared to a loss of CNY 62,828,637.07 in the same quarter of 2023[24]. - Basic earnings per share for the third quarter of 2024 were CNY -0.0573, compared to CNY 0.0187 in the same quarter of 2023[17]. - The company's total equity decreased from CNY 7,660,001,560.20 to CNY 7,396,428,599.54, a decline of about 3.4%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,845,042,345.05, down 12.14% from the previous year[3]. - The company's total assets decreased to CNY 16,845,042,345.05 from CNY 19,171,886,082.35 year-over-year, a decline of 12.9%[14]. - The total liabilities decreased to CNY 8,420,995,245.48 from CNY 10,573,857,834.37 year-over-year, a reduction of 20.4%[14]. - The total liabilities decreased from CNY 11,152,436,755.92 to CNY 9,198,085,963.11, indicating a reduction of approximately 17.5%[22]. - Total assets amounted to approximately ¥16.85 billion, down from ¥19.17 billion, a decrease of 12.1%[12]. - The company's total current assets decreased to CNY 11,555,385,754.60 as of September 30, 2024, from CNY 14,127,330,202.78 at the end of December 2023, representing a decline of 18.9%[20]. Cash Flow - The company reported a net cash flow from operating activities of -¥2,313,518,166.89 year-to-date, indicating increased investment in response to market competition and new energy transition[6]. - The cash inflow from operating activities was CNY 7,360,088,354.62, down from CNY 9,144,868,964.42 in the previous year, representing a decline of 19.5%[24]. - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 2,313,518,166.89, compared to -CNY 413,447,314.22 in the first three quarters of 2023, indicating a significant decline[19]. - The cash outflow from operating activities increased to CNY 11,469,969,651.61 in the first three quarters of 2024, compared to CNY 9,980,558,715.45 in the same period of 2023, indicating a rise of 14.9%[19]. - The total cash and cash equivalents at the end of September 2024 were CNY 3,486,899,461.67, down from CNY 4,941,869,959.11 at the end of December 2023[20]. - Cash outflow from operating activities totaled 10,752,456,483.90 CNY, compared to 9,431,101,286.32 CNY in the previous year[25]. Investment and Development - The company reported a significant increase in development expenditures, rising to approximately ¥103.20 million from ¥59.25 million, an increase of 74.3%[12]. - Research and development expenses increased to CNY 344,674,062.48 in the first three quarters of 2024, up from CNY 307,085,670.97 in 2023, representing a growth of 12.2%[15]. - Research and development expenses increased to CNY 311,943,709.71 in the first three quarters of 2024, up from CNY 280,348,772.40 in the same period of 2023, reflecting a growth of 11.4%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 126,626, with the largest shareholder holding 55.00% of the shares[7]. - The company holds a 50% stake in Dongfeng Motor Group Co., Ltd., indicating a strong ownership structure[8]. - The top ten shareholders include Dongfeng Motor Group Co., Ltd. with 1.1 billion shares, representing a significant portion of the company's equity[8].