通源石油(300164) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥315,710,615.69, representing a year-on-year increase of 17.42%[3] - The net profit attributable to shareholders for the same period was ¥13,410,247.13, showing a decrease of 47.40% compared to the previous year[3] - The basic earnings per share for Q3 2024 was ¥0.0227, down 47.33% year-on-year[3] - The company's cash flow from operating activities for the year-to-date was ¥42,976,104.50, a decrease of 48.87% compared to the previous year[3] - Net profit decreased by 46.72% year-on-year, primarily due to a significant decline in the reversal of bad debt provisions and lower gross margins from new product promotions in North America[8] - Net profit for the current period was ¥50,151,722.71, a decrease of 46.8% from ¥94,126,765.63 in the previous period[21] - The company reported a total comprehensive income of ¥49,205,851.11, down from ¥125,848,126.96, indicating a decline of approximately 60.9%[21] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥1,956,063,829.01, an increase of 6.95% from the end of the previous year[3] - The total current liabilities rose to CNY 510,652,157.05 from CNY 391,642,060.91, marking an increase of around 30%[17] - The company's total liabilities and equity amounted to ¥1,956,063,829.01, up from ¥1,828,972,722.01, reflecting an increase of approximately 7%[19] - The total equity attributable to owners increased to ¥1,387,960,752.39 from ¥1,341,237,310.44, marking a growth of about 3.5%[19] Cash Flow - Cash flow from operating activities generated a net amount of ¥70,960,606.08, an increase of 13.2% compared to ¥62,328,612.06 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥85,621,808.99, contrasting with a net inflow of ¥9,289,406.53 in the previous period[23] - Cash flow from financing activities totaled ¥215,400,000, an increase of 15.2% compared to ¥186,999,998.90 in the previous period[24] - Net cash flow from financing activities was ¥25,210,002.15, up 125.4% from ¥11,186,552.34 year-over-year[24] Receivables and Payables - Accounts receivable increased by 33.04% to ¥468,503,577.35 compared to the beginning of the year, attributed to higher operating revenue[6] - Cash received from other operating activities decreased by 50.03% year-on-year, primarily due to a reduction in government subsidies[10] - Cash paid for various taxes increased by 219% year-on-year, mainly due to higher federal income tax payments by the U.S. subsidiary[10] Investments and Income - Investment income increased by 61.44% year-on-year, attributed to higher investment returns from joint ventures[8] - Other income decreased by 53.83% year-on-year, mainly due to a reduction in government subsidies received[8] - Financial expenses decreased by 67.54% year-on-year, primarily due to increased bank interest income and reduced exchange gains from foreign currency fluctuations[8] Legal and Regulatory Matters - The company is actively pursuing arbitration regarding the unfulfilled performance commitments of a subsidiary, which may impact future financial results[14] - The company has initiated legal proceedings for the enforcement of arbitration awards against a subsidiary's former shareholders, indicating ongoing legal challenges[14] Inventory and Assets Management - The company's inventory decreased slightly to CNY 108,808,298.38 from CNY 113,248,398.27, a decline of about 4%[16] - The company's long-term equity investments increased to CNY 202,547,602.24 from CNY 196,550,197.42, showing a growth of about 3%[16] - The total non-current assets increased to CNY 949,045,309.74 from CNY 916,202,375.22, reflecting a growth of approximately 4%[17] Other Financial Metrics - The company reported a decrease in research and development expenses to ¥7,896,955.25 from ¥9,182,453.25, a reduction of about 14%[20] - The impact of exchange rate changes on cash and cash equivalents was a decrease of ¥2,427,185.81, contrasting with an increase of ¥4,247,618.98 in the previous period[24] - The company has not yet adopted the new accounting standards for the current fiscal year[24] - The third quarter report has not been audited[24]