万顺新材(300057) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥1,752,516,264.23, representing a 25.41% increase compared to the same period last year[2] - The net profit attributable to shareholders was a loss of ¥26,878,176.77, a decrease of 68.58% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥25,534,313.49, down 7.01% from the previous year[2] - The company reported a basic earnings per share of -¥0.0295, down 68.57% from the same period last year[2] - Net profit for the first nine months of 2024 was -40,709,881.66 yuan, a decrease of 393.10% compared to 13,889,410.44 yuan in the same period of 2023[9] - Operating profit for the first nine months of 2024 was -53,830,859.61 yuan, a decline of 383.03% from 19,019,670.77 yuan in the previous year[9] - The diluted earnings per share for the first nine months of 2024 was -0.0398 yuan, a decrease of 336.90% from 0.0168 yuan in the same period of 2023[11] - The company reported a net loss of CNY 40,709,881.66 for Q3 2024, compared to a net profit of CNY 13,889,410.44 in Q3 2023[21] - The total comprehensive income for Q3 2024 was CNY -40,713,191.99, compared to CNY 13,910,048.36 in Q3 2023, indicating a substantial decline[22] Assets and Liabilities - The total assets as of September 30, 2024, amounted to ¥10,530,389,322.69, reflecting a 3.06% increase from the end of the previous year[2] - The total equity attributable to shareholders decreased by 0.60% to ¥5,407,466,572.86 compared to the end of the previous year[2] - The company's total liabilities increased to approximately ¥5.63 billion from ¥5.50 billion, reflecting a growth of about 2.36%[19] - The total liabilities of the company reached CNY 5,115,660,705.42, an increase from CNY 4,765,932,680.36, indicating a rise of 7.3%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥373,730,484.79, a significant decline of 194.63% year-on-year[2] - Cash flow from operating activities decreased by 194.63% to -373,730,484.79 yuan, attributed to increased cash payments for raw materials exceeding cash receipts from sales[12] - The net cash flow from operating activities for Q3 2024 was -373,730,484.79, a decrease from 394,933,541.92 in Q3 2023[24] - The total cash outflow from operating activities was 5,574,618,465.27, compared to 4,211,387,750.98 in Q3 2023[24] - The total cash and cash equivalents at the end of Q3 2024 were 1,203,840,703.53, down from 1,692,400,677.58 at the end of Q3 2023[25] Investment and Financing - The company received government subsidies totaling ¥10,035,978.96 during the year, which positively impacted its financial performance[4] - The company reported a significant increase in cash received from investment activities, totaling 2,022,906,323.16 yuan, a rise of 2869.14% compared to the previous year[12] - Cash inflow from financing activities amounted to 1,459,175,512.61, up from 1,006,621,585.44 in Q3 2023[24] - The net cash flow from financing activities was 356,201,781.95, a significant recovery from -422,867,126.39 in the previous year[24] Operational Highlights - Aluminum foil sales reached 81,000 tons, up 28% year-on-year, while aluminum plate and strip production increased by 71% to 120,000 tons[16] - The company is focusing on optimizing product structure to enhance profitability in the aluminum processing segment, particularly in high-end double-zero aluminum foil and high-value battery aluminum foil[16] - The company is actively expanding its paper packaging materials business, with increased sales of specialized and high-value packaging products[16] - The functional film business is seeing growth in sales for products like car protective films and high-barrier films[16] - As of the report date, the company has installed 8 aluminum foil rolling machines for the 100,000-ton power and energy storage battery foil project in Anhui[16] - The Sichuan project for producing 130,000 tons of high-precision aluminum plates and strips has already put 90,000 tons of capacity into production[16] - The total production capacity will reach 255,000 tons for aluminum foil and 260,000 tons for aluminum plates and strips upon project completion[16] Research and Development - The company has increased its R&D investment, adding 1 new invention patent and 14 utility model patents, bringing the total to 53 invention patents and 295 utility model patents[17] - Research and development expenses decreased to CNY 64,257,211.93 from CNY 67,061,508.18, a reduction of approximately 4.0%[21] Inventory and Receivables - The company's inventory increased slightly to approximately ¥1.05 billion from ¥1.03 billion, reflecting a growth of about 0.12%[19] - Accounts receivable increased to approximately ¥1.64 billion, up from ¥1.37 billion, indicating a growth of about 19.3%[19]