FIRMACO(SH:600967)2024-10-24 09:35Financial Performance - The company's operating revenue for the third quarter reached ¥2,319,602,219.69, an increase of 33.46% compared to the same period last year[1] - Net profit attributable to shareholders decreased by 34.85% to ¥99,994,162.79 for the third quarter[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 40.67% to ¥89,030,678.81[1] - Basic earnings per share for the third quarter were ¥0.059, down 34.54% year-on-year[1] - The company's net profit attributable to shareholders for the year-to-date period decreased by 38.12% to ¥363,693,396.48[1] - Total operating revenue for the first three quarters of 2024 was CNY 7,107,313,267.90, a decrease of 9.36% compared to CNY 7,842,684,194.94 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was CNY 364,225,175.51, a decline of 38.24% from CNY 589,197,176.25 in the previous year[16] - Basic earnings per share for the first three quarters of 2024 was CNY 0.214, down from CNY 0.345 in the same period of 2023[16] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥3,855,215,853.46 for the year-to-date period[1] - The company experienced a decline in cash flow due to reduced product sales and increased tax payments[5] - Cash flow from operating activities showed a net outflow of CNY -3,855,215,853.46, compared to a smaller outflow of CNY -2,083,218,440.07 in the previous year[18] - Cash received from sales of goods and services was CNY 2,106,232,790.55, significantly lower than CNY 4,484,861,033.52 in the same period last year[18] - The company's current assets decreased to ¥12.14 billion, down 18.2% from ¥14.85 billion at the end of 2023[11] - Cash and cash equivalents dropped significantly to ¥1.54 billion, a decline of 69.4% from ¥5.03 billion[11] - The total cash and cash equivalents at the end of the period decreased to 1,183,734,730.92 CNY from 2,690,894,430.17 CNY year-over-year[19] - The company’s cash and cash equivalents decreased by 3,240,086,862.61 CNY during the period[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,652[7] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., holds 722,471,727 shares, accounting for 42.43% of the total shares[7] - The second largest shareholder, China North Industries Group Investment Management Co., Ltd., holds 205,082,950 shares, representing 12.05%[7] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three shareholders alone accounting for over 57%[7] - The company has no preferred shareholders with restored voting rights at the end of the reporting period[7] - There are no shares pledged, marked, or frozen among the top ten shareholders[7] - The report indicates that there are no significant changes in the shareholder structure compared to the previous period[10] - The company has not reported any new or exited shareholders among the top ten during this reporting period[10] Liabilities and Equity - Total liabilities decreased to ¥8.19 billion, down 33.5% from ¥12.27 billion[12] - The total equity attributable to shareholders rose to ¥11.52 billion, an increase of 0.8% from ¥11.43 billion[13] - The company reported a significant reduction in contract liabilities, which fell to ¥1.55 billion from ¥5.70 billion, a decrease of 72.8%[12] Operational Insights - The financial statements for the quarter have not been audited[10] - The company has not disclosed any other important information regarding its operational situation during the reporting period[10] - Research and development expenses increased to CNY 263,781,406.65, up from CNY 235,854,255.47 in the previous year, indicating a focus on innovation[15] - Other income rose to CNY 37,947,223.41, compared to CNY 6,638,370.94 in the same period of 2023, reflecting improved financial management[15] - The company reported a decrease in sales expenses to CNY 17,470,809.12 from CNY 33,669,305.59, indicating cost-cutting measures[15] Investment Activities - The cash flow from investment activities generated a net cash inflow of 774,543,003.86 CNY, compared to 842,369,176.84 CNY in the previous year[19] - The cash paid for investment activities was 2,796,698,146.71 CNY, an increase from 1,926,507,465.23 CNY year-over-year[19] - The company received 15,000,000.00 CNY from minority shareholders as part of investment activities[19] - The company reported a cash inflow of 883,118,457.12 CNY from other financing activities[19]