SONGFA(SH:603268)2024-10-23 08:38Financial Performance - The company's revenue for Q3 2024 was CNY 67,090,936.90, an increase of 4.67% compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 reached ¥181,082,737.65, an increase of 16.5% compared to ¥155,510,358.94 in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was a loss of ¥60,310,008.84, compared to a loss of ¥63,643,067.15 in the same period of 2023, showing an improvement of 5.2%[14]. - The total operating profit for the first three quarters of 2024 was a loss of ¥57,864,971.70, an improvement from a loss of ¥63,873,222.44 in 2023[14]. - The total comprehensive income for the third quarter of 2024 was -60,310,008.84 RMB, compared to -63,643,067.15 RMB in the same period of 2023, showing an improvement[15]. - The basic and diluted earnings per share for the third quarter were both -0.49 RMB, slightly better than -0.51 RMB in the previous year[15]. Profitability and Expenses - The net profit attributable to shareholders was a loss of CNY 25,582,862.68, with a year-to-date loss of CNY 60,310,008.84[2]. - Total operating costs for the first three quarters of 2024 were ¥232,161,071.27, up from ¥212,040,187.24 in 2023, reflecting an increase of 9.5%[13]. - Financial expenses increased by 38.94% year-to-date primarily due to higher interest expenses[7]. - The financial expenses for the first three quarters of 2024 were ¥17,476,548.28, compared to ¥12,578,666.34 in 2023, indicating an increase of 39.5%[13]. - Research and development expenses increased by 46.18% year-to-date due to spending on the Yunyan Zhichuang project[7]. - Research and development expenses increased to ¥6,642,332.03 in 2024 from ¥4,543,815.00 in 2023, representing a rise of 46.2%[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 549,043,534.79, a decrease of 2.91% from the end of the previous year[3]. - The equity attributable to shareholders decreased by 80.19% to CNY 14,899,210.02 compared to the previous year[3]. - The company's total equity attributable to shareholders decreased to ¥14,899,210.02 in 2024 from ¥75,209,218.86 in 2023, a decline of 80.2%[12]. - The total liabilities increased from 179,893,831.31 to 231,881,960.53, an increase of approximately 28.9%[11]. - The total liabilities as of the end of the third quarter of 2024 amounted to ¥534,144,324.77, compared to ¥490,272,085.16 at the end of the same period in 2023, an increase of 8.9%[12]. - The company's fixed assets decreased from 200,764,007.40 to 184,589,526.77, a reduction of approximately 8.1%[11]. Cash Flow - The net cash flow from operating activities year-to-date was significantly impacted by reduced receipts from sales compared to the previous year[7]. - Cash inflows from operating activities for the first three quarters of 2024 totaled 181,323,815.69 RMB, down from 229,841,531.77 RMB in 2023, representing a decrease of approximately 21%[16]. - The net cash flow from operating activities was -30,206,517.81 RMB, worsening from -17,005,929.34 RMB year-over-year[16]. - Cash outflows from operating activities amounted to 211,530,333.50 RMB, compared to 246,847,461.11 RMB in the previous year, indicating a reduction of about 14%[16]. - The ending balance of cash and cash equivalents was 4,038,019.71 RMB, down from 25,148,081.24 RMB in the previous year[16]. - The company received government subsidies amounting to CNY 1,012,520.81 during the reporting period[4]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,071[8]. - The largest shareholder, Hengli Group Co., Ltd., holds 30.14% of the shares[8]. - The company reported no significant changes in the shareholder structure or related party transactions during the reporting period[10]. Accounting and Standards - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[17].