海伦钢琴(300329) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥36,442,439.44, a decrease of 51.27% compared to the same period last year[3] - The net profit attributable to shareholders was ¥2,862,512.56, representing a slight increase of 0.66% year-on-year, while the net profit excluding non-recurring items was -¥15,074,462.70, down 41.07%[3] - The company reported a 47.43% decline in revenue year-to-date, totaling ¥120,276,083.92, primarily due to a weak market and decreased piano sales[6] - Net profit for Q3 2024 was a loss of CNY 15,307,491.16, compared to a profit of CNY 6,031,383.27 in Q3 2023[15] - The company reported a basic earnings per share of -0.0578 for Q3 2024, compared to 0.0241 in the same quarter last year[15] Cash Flow and Liquidity - The operating cash flow for the year-to-date period was -¥93,266,797.81, a significant decline of 446.28% compared to the previous year[3] - The net cash flow from operating activities decreased by 446.28% to -93,266,797.81 from 26,934,019.08 in the same period last year, primarily due to a reduction in sales receipts[8] - Cash flow from operating activities was CNY 121,544,038.46 in Q3 2024, a decline of 58.3% from CNY 292,060,914.47 in the previous year[16] - The company’s cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[16] - The total cash and cash equivalents at the end of the period were 49,164,857.45 CNY, down from 56,869,412.44 CNY year-over-year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,250,826,075.94, a decrease of 0.88% from the end of the previous year[3] - The company’s total liabilities increased by 28.35% to ¥333,825,323.00, mainly due to an increase in short-term borrowings[6] - The total liabilities as of the end of Q3 2024 were CNY 429,065,118.88, slightly up from CNY 425,820,128.87 at the end of the previous year[14] - The total equity attributable to shareholders of the parent company was CNY 821,440,616.58, down from CNY 836,049,970.93 year-over-year[14] Investment and Financing Activities - Investment income surged by 266.90% to ¥25,808,406.70, attributed to a favorable legal outcome related to equity disposal[7] - The net cash flow from investing activities increased by 132.74% to 10,015,444.49 from -30,586,488.48 in the same period last year, mainly due to proceeds from equity disposals and reduced fixed asset investments[8] - The net cash flow from financing activities increased by 300.95% to 68,994,984.68 from -34,333,896.67 in the same period last year, primarily due to an increase in short-term bank loans[8] - The company received 237,116,721.00 CNY in cash from borrowings, an increase from 213,061,599.00 CNY in the previous year, indicating stronger financing capabilities[18] Operational Efficiency and Cost Management - The company’s R&D expenses decreased by 12.05% to ¥8,874,941.00, reflecting cost-cutting measures amid declining revenues[7] - The company reported a cash outflow of 45,567,299.83 CNY for employee payments, a decrease from 64,902,585.26 CNY in the previous year, suggesting cost-cutting measures[17] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,377, with the largest shareholder, Ningbo Beilun Helen Investment Co., Ltd., holding 27.41% of shares[9]