MINHE(SZ:002234)2024-10-23 08:17Financial Performance - The company's revenue for Q3 2024 was ¥528,441,523.94, representing a 3.35% increase compared to the same period last year[2]. - The net profit attributable to shareholders was -¥31,532,167.45, a decrease of 59.65% year-on-year[2]. - The company experienced a 77.46% decrease in net profit, amounting to -¥219,978,742.15, primarily due to a decline in sales of its main products[5]. - Total operating revenue for Q3 2024 was CNY 1,576,208,084.91, a decrease of 3.5% compared to CNY 1,632,309,770.60 in the same period last year[12]. - Net profit for Q3 2024 was a loss of CNY 219,978,742.15, compared to a loss of CNY 123,959,716.59 in Q3 2023, indicating a significant increase in losses[13]. - Basic and diluted earnings per share were both CNY -0.62, compared to CNY -0.34 in the previous year[15]. - The company reported a total comprehensive loss of CNY 219,978,742.15 for the quarter, compared to a loss of CNY 123,959,716.59 in the previous year[15]. Cash Flow - The net cash flow from operating activities was -¥9,764,275.09, reflecting a decline of 118.43% compared to the previous year[5]. - The net cash flow from operating activities for Q3 2024 was -9,764,275.09 CNY, a decrease from 52,972,140.90 CNY in Q3 2023[17]. - The company's cash flow from financing activities increased significantly by 545.28% to ¥319,339,196.05, mainly due to increased bank borrowings[5]. - The net cash flow from financing activities increased to 319,339,196.05 CNY, compared to -71,717,239.62 CNY in the same quarter last year[18]. - The total cash inflow from investment activities was 96,846,804.51 CNY, down from 630,151,830.34 CNY year-over-year[17]. - Cash outflow for investing activities totaled 242,405,990.12 CNY, compared to 769,334,569.53 CNY in Q3 2023[17]. - The cash outflow for financing activities was 1,061,299,686.71 CNY, compared to 968,956,636.55 CNY in the same quarter last year[17]. - The net increase in cash and cash equivalents for Q3 2024 was 163,798,243.77 CNY, contrasting with a decrease of -157,968,584.66 CNY in Q3 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,921,343,158.12, an increase of 4.41% from the end of the previous year[2]. - The company's total equity attributable to shareholders decreased by 9.49% to ¥2,070,258,077.68 compared to the end of the previous year[2]. - The total liabilities increased to CNY 1,865,679,771.37 from CNY 1,480,208,745.49, indicating a rise in financial obligations[12]. - The total liabilities increased to RMB 1,800,171,202.45, compared to RMB 1,600,000,000.00 at the beginning of the period, indicating a rise of about 12.5%[11]. - The company's short-term borrowings rose significantly to RMB 1,441,072,284.24 from RMB 1,099,143,462.90, marking an increase of around 31%[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,339[6]. - Owner's equity attributable to shareholders decreased to CNY 2,070,258,077.68 from CNY 2,287,351,411.68, reflecting a decline in shareholder value[12]. Expenses - Financial expenses increased by 160.76% to ¥24,782,642.10 due to reduced deposit interest and increased borrowing costs[5]. - Research and development expenses rose to CNY 16,276,605.41 from CNY 13,225,662.94, showing an increase in investment in innovation[13]. - Financial expenses increased significantly to CNY 24,782,642.10 from CNY 9,504,050.71, indicating higher borrowing costs[13].