SG(600734)2024-10-30 12:21Financial Performance - The company's operating revenue for Q3 2024 was ¥30,165,661.55, a decrease of 73.75% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥14,780,043.07, representing a decline of 226.69% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥14,685,438.35, a decrease of 207.36% compared to the previous year[2] - The basic and diluted earnings per share for Q3 2024 were both -¥0.0068, a decline of 223.10% year-over-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 63,494,371.28, a decrease of 69.5% compared to CNY 207,823,475.06 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 36,546,017.50, compared to a net profit of CNY 18,430,082.04 in the same period of 2023, indicating an increase of 98.5%[17] - The total comprehensive income for the first three quarters of 2024 reached ¥36,546,018.98, a significant increase from ¥18,430,076.98 in the same period of 2023, representing a growth of approximately 98.5%[19] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥980,929,918.05, an increase of 16.07% from the end of the previous year[3] - The equity attributable to shareholders at the end of Q3 2024 was ¥428,808,756.37, up 9.32% from the previous year[3] - The company's total liabilities as of September 30, 2024, amounted to CNY 551,141,573.54, an increase from CNY 452,857,860.14 at the end of 2023[15] - The total equity attributable to shareholders increased to CNY 428,808,756.37 as of September 30, 2024, up from CNY 392,262,325.53 at the end of 2023, representing a growth of 9.3%[15] - The total assets of Fujian Shida Group reached approximately CNY 932.67 million as of September 30, 2024, compared to CNY 770.26 million at the end of 2023, reflecting an increase of about 21%[24] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥80,326,818.45, a decrease of 63.07% compared to the previous year[2] - Cash inflows from operating activities totaled ¥164,164,340.42 in the first three quarters of 2024, up from ¥154,149,324.10 in 2023, reflecting a growth of about 6.5%[21] - The net cash flow from operating activities was -¥80,326,818.45 for the first three quarters of 2024, worsening from -¥49,258,393.36 in 2023[21] - The total cash inflow from financing activities in the first three quarters of 2024 was ¥62,980,000.00, compared to ¥10,000,000.00 in 2023, marking a substantial increase of 529.8%[22] - The net cash flow from financing activities was CNY 23,194,638.35 in 2024, recovering from -CNY 5,215,096.78 in the previous year[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,002[9] - The largest shareholder, Fujian Shusheng Investment Partnership, holds 544,575,590 shares, representing 25.00% of total shares[9] Operational Challenges - The company experienced a decline in revenue due to projects being in the implementation phase[7] - The company reported a significant increase in cash inflow from operating activities, but overall cash flow remains negative, indicating potential challenges ahead[29] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 23,067,400.52, compared to CNY 20,525,507.49 in 2023, reflecting an increase of 12.5%[16] - Research and development expenses increased to CNY 23.07 million in the first three quarters of 2024, compared to CNY 19.17 million in the same period of 2023, marking an increase of approximately 20%[27]