OGI(600811)2024-10-30 11:47Financial Performance - The company's operating revenue for Q3 2024 was ¥247,365,084.81, a decrease of 89.05% compared to ¥2,550,629,730.58 in the same period last year[3]. - Net profit attributable to shareholders was ¥39,491,632.89, down 2.69% from ¥40,585,256.24 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥39,572,844.52, compared to a loss of ¥16,251,505.11 in the same period last year[3]. - The basic earnings per share for Q3 2024 was ¥0.0108, a decrease of 2.70% from ¥0.0111 in the previous year[3]. - Total revenue for Q3 2024 was 1,318,917,343.80 CNY, a significant decrease from 6,446,607,863.19 CNY in Q3 2023[15]. - Net profit for Q3 2024 reached 101,805,358.46 CNY, compared to a net loss of 154,624,642.95 CNY in Q3 2023[15]. - Operating profit for Q3 2024 was 105,266,312.02 CNY, a recovery from an operating loss of 148,129,902.62 CNY in the same period last year[15]. - Investment income for Q3 2024 was 753,081,030.38 CNY, up from 730,034,830.20 CNY in Q3 2023[15]. - Total operating costs for Q3 2024 were 1,318,917,343.80 CNY, significantly lower than 6,446,607,863.19 CNY in Q3 2023[15]. - Total assets at the end of the reporting period were ¥38,013,979,124.01, a decrease of 5.87% from ¥35,780,769,757.98 at the end of the previous year[3]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥246,130,613.58, down 8.67% from ¥269,484,289.11 in the previous year[3]. - Cash and cash equivalents decreased by 57.03% primarily due to repayment of bank loans[6]. - The company's cash and cash equivalents decreased to CNY 1.37 billion from CNY 3.18 billion, a decline of approximately 57.0%[11]. - Cash flow from operating activities for the first three quarters of 2024 was 1,486,251,682.94 CNY, down from 7,525,822,833.29 CNY in the same period of 2023[17]. - Cash flow from investing activities showed a net outflow of 908,316,336.28 CNY in the first three quarters of 2024, compared to a net inflow of 1,558,415,795.70 in 2023[18]. - Cash paid for debt repayment was CNY 5,053,608,206.41, down from CNY 12,714,970,100.72 in the previous year[19]. - Cash paid for dividends, profits, or interest was CNY 317,557,571.29, compared to CNY 713,366,559.81 last year[19]. - The net increase in cash and cash equivalents was CNY -2,521,395,818.63, compared to CNY -447,299,213.92 in the previous year[19]. - The ending balance of cash and cash equivalents was CNY 101,277,536.79, significantly lower than CNY 2,396,337,963.37 at the end of the previous period[19]. Shareholder and Equity Information - The company reported a decrease in equity attributable to shareholders to ¥16,687,683,632.95, reflecting a change of 0.88% compared to the previous year[3]. - The number of ordinary shareholders at the end of the reporting period was 129,034[7]. - The largest shareholder, Tibet Dongfang Runlan Industrial Investment Co., Ltd., holds 585,794,129 shares, accounting for 16.01% of total shares[8]. - The company's total equity attributable to shareholders increased to CNY 16.83 billion from CNY 16.69 billion, a rise of about 0.9%[13]. Borrowings and Liabilities - Long-term borrowings increased by 66.43% due to adjustments of borrowings due within one year[6]. - The company's long-term borrowings increased to CNY 5.36 billion from CNY 3.22 billion, reflecting an increase of approximately 66.4%[13]. - The total liabilities of the company were CNY 19.23 billion, compared to CNY 21.58 billion, representing a reduction of approximately 10.9%[13]. Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥420,019.72 during the current period, totaling ¥1,125,396.71 year-to-date[5]. - Non-recurring gains and losses totaled -¥81,211.63 for the current period, with a year-to-date total of ¥44,912,600.08[5]. Changes in Accounting and Other Information - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[19]. - The company reported a decrease in research and development expenses to 26,951.00 CNY in Q3 2024 from 2,975,254.94 CNY in Q3 2023[15]. - The company plans to continue focusing on the construction projects of Dongfang Haikang, which saw a 169.30% increase in construction in progress[6]. - The company reported a total of 14 investors submitted applications for restructuring as of September 28, 2024[10]. - The company has extended the deadline for recruiting restructuring investors to September 28, 2024, to ensure optimal recruitment outcomes[10]. - The company appointed Heilongjiang Huqian Law Firm as the temporary administrator during the pre-restructuring period[10].