SDWH(600241)2024-10-30 10:58Financial Performance - The company's operating revenue for Q3 2024 was ¥119,667,693.07, a decrease of 29.16% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥9,277,909.10, down 50.79% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,192,801.92, a decrease of 49.66% compared to the same period last year[2]. - The basic earnings per share for Q3 2024 was ¥0.03, reflecting a decline of 50.00% year-over-year[2]. - The diluted earnings per share for Q3 2024 was also ¥0.03, down 50.00% compared to the previous year[8]. - Net profit for the first three quarters of 2024 was CNY 19,112,078.45, down from CNY 52,307,907.92 in the same period of 2023, representing a decrease of about 63.5%[18]. - Operating profit decreased from CNY 53,649,163.56 to CNY 20,256,285.46, a decline of approximately 62.3%[18]. - Total comprehensive income for the period attributable to the parent company was CNY 18,805,193.72, a decrease from CNY 44,424,018.72 in the same period last year, representing a decline of approximately 57.7%[19]. - The company reported a basic and diluted earnings per share of CNY 0.06, down from CNY 0.15 in the same period last year, representing a decline of 60%[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥1,281,036.08, indicating a negative cash flow situation[2]. - Net cash flow from operating activities for the first three quarters was CNY -1,281,036.08, compared to CNY -58,447,456.22 in the previous year, indicating an improvement in cash flow management[21]. - Cash received from the sale of goods and services was CNY 258,495,564.96, down 44.3% from CNY 464,082,287.42 in the same period last year[20]. - Cash outflow from operating activities totaled CNY 266,742,786.11, a decrease of 50.6% compared to CNY 539,349,930.05 in the previous year[21]. - Cash and cash equivalents at the end of the period were CNY 271,691,725.82, down from CNY 389,459,531.25 at the end of the same period last year, reflecting a decrease of approximately 30.2%[22]. - Cash inflow from financing activities was CNY 115,058,830.23, a decrease of 62.9% compared to CNY 310,082,924.36 in the previous year[22]. - The company received CNY 1,720,845.40 in tax refunds, a decrease of 85.3% from CNY 11,767,087.42 in the previous year[20]. - The company paid CNY 77,087,438.38 in employee compensation, down 20.8% from CNY 97,273,905.32 in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,237,748,355.49, a decrease of 0.64% from the end of the previous year[3]. - Total assets decreased from CNY 1,245,749,607.59 to CNY 1,237,748,355.49, a decline of approximately 0.9%[16]. - The total liabilities decreased from CNY 164,653,986.10 to CNY 137,899,874.12, a reduction of about 16.2%[16]. - The company's equity attributable to shareholders increased from CNY 1,147,368,118.84 to CNY 1,166,173,312.56, an increase of approximately 1.6%[16]. - The company's total non-current assets decreased from CNY 413,655,924.67 to CNY 397,546,909.81, a decline of about 3.9%[16]. Shareholder Information - As of September 30, 2024, the total number of common shareholders is 19,964[9]. - The largest shareholder, Liaoning Shidai Wanheng Holding Group Co., Ltd., holds 143,133,473 shares, accounting for 48.63% of total shares[9]. - The total number of shares held by the top ten shareholders does not include any shares lent through margin trading[10]. - The company has not reported any changes in the participation of the top ten shareholders in margin trading or securities lending activities[12]. Operational Insights - The company attributed the decline in revenue and profit to a global economic slowdown and cautious customer ordering behavior[7]. - Research and development expenses for the third quarter were CNY 19,681,963.53, slightly down from CNY 20,085,953.82 in the previous year[18]. - Sales expenses for the third quarter were CNY 4,873,857.35, compared to CNY 5,871,107.02 in the previous year, a decrease of about 17%[18]. - Tax expenses increased from CNY 3,928,943.83 to CNY 4,532,523.24, an increase of approximately 15.3%[18]. - The company has reported overdue accounts receivable amounting to ¥55,432,201.75, which exceeds the normal contract credit period[12]. - The company has engaged two credit investigation agencies to assess the credit status of Baoshide Machinery (Zhangjiagang) Co., Ltd., indicating no significant anomalies in its financial condition[12]. - Accounts receivable as of September 30, 2024, is ¥140,573,622.04, down from ¥156,362,050.74 at the end of 2023, a decrease of about 10.1%[14]. - Inventory increased to ¥114,663,697.61 from ¥101,356,889.47, reflecting an increase of approximately 13.1%[14]. - The total current assets as of September 30, 2024, are ¥840,201,445.68, slightly up from ¥832,093,682.92 at the end of 2023, an increase of about 1.0%[14]. - The company's cash and cash equivalents decreased to ¥472,682,564.72 from ¥550,370,938.32 as of December 31, 2023, representing a decline of approximately 14.1%[14]. - Non-recurring gains and losses for the current period amounted to ¥241,823.67, with significant contributions from government subsidies and asset disposals[5].