Financial Performance - The company's revenue for Q3 2024 was ¥350,794,086.14, representing a 41.37% increase compared to the same period last year[2] - The net profit attributable to shareholders was -¥4,706,070.96, a decrease of 76.57% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,137,779.67, down 41.79% from the previous year[2] - Total operating revenue for the period was CNY 939,956,746.25, a decrease from CNY 1,100,574,850.58 in the previous period[14] - The company reported a net profit of CNY 534,699,872.62, down from CNY 591,419,553.13 in the previous period[13] - The net profit for the third quarter of 2024 was -55,695,104.00 CNY, compared to a net profit of 84,283,377.38 CNY in the same period last year, representing a significant decline[15] - The total comprehensive income for the period was -56,430,109.52 CNY, compared to 89,928,049.35 CNY in the previous year[15] - The company reported a diluted earnings per share of -0.0589, compared to 0.0803 in the same quarter last year[16] - The company reported a total operating profit of -70,494,417.36 CNY, compared to 97,621,012.00 CNY in the previous year[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,125,011,062.53, a slight decrease of 0.49% from the end of the previous year[2] - The company's total equity decreased to CNY 2,402,024,126.63 from CNY 2,427,746,955.22, indicating a decline in shareholder value[13] - Current liabilities totaled CNY 1,438,812,876.88, down from CNY 1,485,301,679.49, indicating improved liquidity management[12] - Long-term borrowings increased to CNY 183,090,000.00 from CNY 117,600,000.00, suggesting a strategy to leverage debt for growth[12] Cash Flow - The cash flow from operating activities was ¥90,596,629.86, a decrease of 1.35% year-on-year[2] - The cash flow from investing activities showed a net outflow of -¥88,144,766.95, a 65.55% decrease compared to the previous year[6] - The cash flow from investing activities was -88,144,766.95 CNY, compared to -255,838,216.69 CNY in the previous year[18] - The company's cash and cash equivalents decreased to CNY 246,696,562.26 from CNY 262,637,277.44, indicating a tighter cash flow situation[11] - The cash and cash equivalents at the end of the period were 227,157,307.20 CNY, down from 255,896,329.32 CNY at the end of the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,859[7] - The largest shareholder, Ningbo Yabao Holdings, holds 26.75% of shares, totaling 257,729,839 shares, with 118,900,000 shares pledged[7] - The employee stock ownership plan holds 8,623,900 shares, accounting for 0.90% of total shares[7] - The company has no preferred shareholders as of the reporting period[8] - The total number of shares held by the top 10 unrestricted shareholders is 257,729,839 shares[7] - The company has a total of 963,309,471 shares outstanding as of the reporting period[9] Expenses and Costs - Total operating costs increased to CNY 1,022,711,059.09 from CNY 1,003,038,001.83, with operating costs specifically rising from CNY 732,933,103.63 to CNY 788,176,341.19[14] - Research and development expenses decreased to CNY 67,919,076.00 from CNY 80,090,141.14, indicating a reduction in investment in new technologies[14] - The company incurred asset impairment losses of -11,228,912.34 CNY during the quarter[15] Other Income and Expenses - The company's financial expenses increased by 297.97% to ¥24,467,080.60, primarily due to exchange rate losses[6] - Other income increased by 128.51% to ¥9,144,226.44, mainly due to an increase in government subsidies[6] - The investment income rose by 55.10% to ¥4,510,581.96, driven by increased earnings from joint ventures[6] Future Plans - The company plans to terminate the "Nantong Base New Production Line Project" and allocate the remaining fundraising of 35.0723 million yuan to supplement working capital[9] - A cash dividend of 0.5 yuan per 10 shares (including tax) was approved for distribution to all shareholders[10] - The company has 3,507.23 million yuan remaining from fundraising to be used for daily operations and business development[9]
雅本化学(300261) - 2024 Q3 - 季度财报