Niutech(SH:688309)2024-10-23 09:48Financial Performance - Revenue for Q3 2024 was CNY 30,566,440.94, a decrease of 8.56% compared to the same period last year, and a year-to-date revenue of CNY 64,435,136.69, down 55.93% year-on-year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 723,366.44, while year-to-date net profit was CNY -81,337.69, reflecting a decrease of 100.67% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 64,435,136.69, a decrease of 56.0% compared to CNY 146,216,105.20 in the same period of 2023[19] - Net profit for the first three quarters of 2024 was a loss of CNY 81,337.69, compared to a net profit of CNY 12,129,772.30 in the same period of 2023[21] - Total comprehensive income for Q3 2024 was -81,337.69 RMB, compared to 12,129,772.30 RMB in the same period last year[22] Research and Development - R&D investment totaled CNY 2,220,608.08 in Q3 2024, accounting for 7.26% of revenue, an increase of 1.09 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2024 were CNY 6,530,794.13, a decrease from CNY 7,599,232.67 in the same period of 2023[21] - The company has obtained 1 new invention patent during the reporting period, bringing the total to 116 domestic and international patents[15] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 864,502,710.20, representing a 1.45% increase from the end of the previous year[4] - The company's total assets increased to CNY 864,502,710.20 in Q3 2024, up from CNY 852,122,676.17 in Q3 2023[18] - Total liabilities amounted to CNY 134,662,328.77, an increase from CNY 126,670,174.20 year-over-year[18] - The company's total current assets amounted to ¥428,198,428.35, a decrease of 11.56% from ¥484,043,082.59 at the end of 2023[16] Cash Flow - The company reported a net cash flow from operating activities of CNY 16,480,689.35 year-to-date, with no data available for the current period[2] - Operating cash flow for the first three quarters of 2024 was 98,118,539.33 RMB, an increase from 79,525,659.10 RMB in the same period of 2023, representing a growth of approximately 23.4%[23] - The net cash flow from operating activities for the first three quarters of 2024 was 16,480,689.35 RMB, a significant improvement from a net outflow of -20,691,867.17 RMB in the same period last year[23] - Cash inflow from investment activities for the first three quarters of 2024 was 433,891,797.29 RMB, down from 622,731,690.42 RMB in the same period of 2023[24] - The net cash flow from investment activities for the first three quarters of 2024 was 2,200,778.72 RMB, compared to a net outflow of -11,121,820.86 RMB in the same period last year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,815, with the largest shareholder holding 34.39% of the shares[10] - Basic and diluted earnings per share for Q3 2024 were CNY 0.0090, while year-to-date figures showed a decrease of 100.66% compared to the previous year[2] - The basic and diluted earnings per share of -0.0010 RMB for Q3 2024, compared to 0.1516 RMB in the same period last year[22] Market and Product Development - The decrease in revenue was primarily due to a reduction in the amount of orders on hand at the beginning of 2024 compared to 2023, influenced by a lag in order initiation due to the economic environment[7] - The company’s market expansion strategies and new product developments are focused on enhancing its competitive edge in the environmental technology sector[15] - The main product, "Industrial Continuous Organic Waste Pyrolysis Equipment," was recognized as one of the first "Good Products of Quancheng" by the Jinan Market Supervision Administration[15] - The company’s product for the resource recovery of waste tires won the "International Excellence Award" at the 2024 BRICS Industrial Innovation Competition[15]