康隆达(603665) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥297,605,647.77, a decrease of 52.64% compared to the same period last year[2] - The net profit attributable to shareholders was -¥13,850,744.62, representing a decline of 182.73% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥19,229,172.08, down 180.48% from the previous year[2] - The basic earnings per share for the period was -¥0.08, a decrease of 180.00% compared to the same period last year[2] - Net profit for the third quarter of 2024 was CNY -81,729,774.31, compared to CNY -48,838,841.22 in the same quarter of 2023, indicating a worsening loss[15] - The company’s comprehensive income for the third quarter of 2024 was CNY -92,017,850.59, compared to CNY -40,873,304.60 in the same quarter of 2023, reflecting a significant increase in losses[16] - The basic and diluted earnings per share for the third quarter of 2024 were both CNY -0.39, compared to CNY -0.19 in the same quarter of 2023[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,459,785,590.84[3] - As of September 30, 2024, the company's total assets amounted to approximately CNY 3.46 billion, a decrease from CNY 3.51 billion at the end of 2023, reflecting a decline of about 1.0%[10] - The company's total liabilities as of the end of the third quarter of 2024 were CNY 2,194,140,530.71, slightly down from CNY 2,196,255,895.77 at the end of the previous year[13] - The total equity attributable to shareholders was ¥1,064,362,836.02 at the end of the reporting period[3] - The total equity attributable to shareholders of the parent company decreased to CNY 1,064,362,836.02 from CNY 1,165,037,103.25 year-over-year, a decline of approximately 8.7%[13] Cash Flow - The company reported a net cash flow from operating activities of ¥217,114,559.67 for the year-to-date, an increase of 33.66%[6] - Total cash inflow from operating activities for the first three quarters of 2024 was CNY 1,205,715,690.28, a decrease of 10.8% compared to CNY 1,352,302,859.74 in the same period of 2023[17] - Net cash flow from operating activities increased to CNY 217,114,559.67, up 33.7% from CNY 162,432,890.67 year-over-year[18] - Cash outflow for purchasing goods and services was CNY 532,418,781.74, down 34.9% from CNY 817,074,365.61 in the previous year[18] - Cash inflow from financing activities reached CNY 1,345,912,088.93, compared to CNY 1,219,201,558.25 in the previous year, marking a 10.4% increase[19] - Net cash flow from financing activities was -CNY 195,164,613.76, an improvement from -CNY 536,086,661.91 in the same period last year[19] Operational Highlights - The significant decline in operating revenue was primarily due to a substantial decrease in lithium salt revenue[6] - The company is currently experiencing high depreciation and amortization costs as the Vietnam project is ramping up production capacity[6] - The company has canceled its wholly-owned subsidiary, Ganzhou Hecheng Lithium Industry Co., Ltd., as part of its long-term strategic planning[9] - The controlling shareholder, Shaoxing Shangyu Dongda Knitting Co., Ltd., transferred 9.65 million shares to two private equity funds, indicating ongoing strategic adjustments in shareholding[9] - The company is actively pursuing market expansion and strategic partnerships as part of its growth initiatives[9] Inventory and Receivables - Accounts receivable increased to CNY 180.73 million, up from CNY 159.19 million, indicating an increase of about 13.6%[10] - Inventory rose to CNY 535.84 million, compared to CNY 445.80 million, marking an increase of approximately 20.2%[11] - The company reported a significant increase in other receivables, which rose to CNY 78.50 million from CNY 13.08 million, a substantial increase of approximately 499.2%[10] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 32,011,778.19, significantly lower than CNY 69,801,888.57 in the same period of 2023, representing a reduction of about 54.2%[14]