奥福环保(688021) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was ¥52,586,725.77, a decrease of 10.49% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was -¥14,197,319.16, with a year-to-date net profit of -¥27,813,282.22, reflecting a decline of 356.88%[2][8]. - Total operating revenue for the first three quarters of 2024 was CNY 194,009,193.19, a decrease of 22.8% compared to CNY 251,574,476.24 in the same period of 2023[15]. - Net profit for the third quarter of 2024 was a loss of CNY 29,273,877.61, compared to a net profit of CNY 9,700,128.90 in the same quarter of 2023[16]. - The net profit for the first three quarters of 2024 was a loss of CNY 17,031,477.05, compared to a profit of CNY 10,243,354.13 in the same period of 2023[23]. - Basic and diluted earnings per share for the third quarter of 2024 were both CNY -0.36, compared to CNY 0.08 in the same quarter of 2023[17]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,270,984,145.76, down 14.11% from the end of the previous year[4]. - The company's total assets decreased to CNY 1,270,984,145.76 from CNY 1,479,852,949.53 year-over-year[15]. - The company's total liabilities decreased to CNY 382,592,146.30 from CNY 553,644,552.70 year-over-year[15]. - The company’s total liabilities decreased to CNY 200,795,530.94 as of September 30, 2024, compared to CNY 366,212,664.32 at the end of 2023[21]. - The company's current assets decreased to approximately RMB 528.71 million from RMB 699.13 million, reflecting a reduction of about 24.4%[11]. - The company's total equity attributable to shareholders was ¥880,010,161.75, a decrease of 3.97% from the previous year[4]. - The company experienced a decrease in total liabilities and shareholders' equity, with total equity at CNY 902,682,712.37 in 2024 compared to CNY 928,279,064.71 in 2023[22]. Cash Flow - The company reported a significant increase in cash flow from operating activities year-to-date, amounting to ¥64,338,521.86[2][8]. - In the first three quarters of 2024, the company generated operating cash inflows of CNY 231,002,127.68, an increase of 25% compared to CNY 184,816,057.80 in the same period of 2023[18]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 64,338,521.86, a significant improvement from a net outflow of CNY 59,863,472.88 in 2023[19]. - The cash flow from operating activities for the first three quarters of 2024 was CNY 49,302,183.00, compared to a negative cash flow of CNY -17,952,044.70 in the same period of 2023[25]. Research and Development - Research and development expenses totaled ¥5,644,824.33 in Q3 2024, accounting for 10.73% of revenue, an increase of 0.64 percentage points year-on-year[4]. - Research and development expenses for the first three quarters of 2024 were CNY 18,210,422.84, down from CNY 22,615,365.09 in the previous year[15]. - Research and development expenses decreased to CNY 7,810,561.06 in 2024 from CNY 17,703,377.86 in 2023, indicating a reduction of approximately 56%[22]. Market Conditions - The company faced intensified market competition, leading to a decrease in product prices and pressure on profitability[8]. - The company has not indicated any new product launches or technological developments in the current report[11]. Other Financial Metrics - Financial expenses increased to CNY 7,311,687.94 in the first three quarters of 2024, compared to CNY 4,667,731.25 in the same period of 2023[15]. - The company reported a significant increase in other income, which rose to CNY 3,711,349.89 in 2024 from CNY 397,488.92 in 2023[22]. - The company’s financial expenses increased to CNY 2,489,269.94 in 2024 from CNY 987,732.91 in 2023, reflecting a rise of approximately 152%[22].