琏升科技(300051) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥147,021,110.35, representing a 234.50% increase compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥23,799,670.13, a decrease of 297.81% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥24,029,435.71, reflecting a 278.74% decline compared to the previous year[2]. - Operating revenue increased by 112.47% year-on-year, reaching RMB 311,124,002.20, primarily due to the growth in solar cell business revenue[9]. - The company reported a net loss of ¥66,222,121.58 for the current period, compared to a net loss of ¥45,713,520.67 in the previous year[21]. - The net profit for the third quarter was -209,680,837.46, a decline from -28,571,715.67 in the same period last year[22]. - Total comprehensive income for the quarter was -209,836,296.42, compared to -28,572,867.08 in the same period last year[23]. Cash Flow and Liquidity - The operating cash flow for the year-to-date period increased by 455.58%, amounting to ¥55,530,150.77[2]. - Net cash flow from operating activities improved by 455.58% year-on-year, totaling RMB 55,530,150.77, primarily from increased government subsidies[12]. - Cash flow from investing activities decreased by 68.29% year-on-year, amounting to RMB -623,647,667.46, due to higher cash payments for fixed assets and intangible assets[12]. - Cash flow from financing activities declined by 36.27% year-on-year to RMB 346,586,552.49, mainly due to reduced capital contributions from minority shareholders[12]. - The ending cash and cash equivalents balance was $12,526,087.55, a decrease from $184,104,231.53 in the previous year[25]. - The company reported a total cash outflow of $382,210,273.25 from operating activities, compared to $176,568,679.32 in the previous year[25]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,234,829,148.21, down 6.37% from the previous year-end[2]. - Current assets totaled ¥440,246,099.15, down from ¥842,061,866.14, indicating a reduction of approximately 47.8%[19]. - Total liabilities decreased slightly to ¥2,368,089,838.67 from ¥2,395,189,244.29, a reduction of approximately 1.1%[20]. - Long-term borrowings increased to ¥464,054,805.09 from ¥363,722,829.48, reflecting a growth of about 27.6%[20]. - The company’s equity attributable to shareholders decreased to ¥260,581,766.02 from ¥326,083,805.60, a decline of about 20.1%[20]. Expenses and Investments - Operating costs surged by 309.22% year-on-year to RMB 324,526,932.47, mainly driven by increased costs in the solar cell business[10]. - R&D expenses rose by 48.25% year-on-year to RMB 23,041,906.59, reflecting higher expenditures in solar cell technology[11]. - Financial expenses increased by 408.61% year-on-year to RMB 41,587,181.43, attributed to unrecognized financing costs and increased interest expenses on bank loans[11]. - The company recorded an investment loss of -1,497,598.79, contrasting with a gain of 692,104.01 in the previous year[22]. Shareholder Information - As of the end of the reporting period, Hainan Liansheng Technology Co., Ltd. held 51,601,566 shares, accounting for 13.91% of the total share capital, and enjoyed voting rights for 72,776,766 shares, representing 19.62% of the total share capital of the listed company[14]. - The top ten shareholders include Wan Jiugen with a holding of 21,175,200 shares (5.71%) and Liang Chunyan with 18,284,900 shares (4.93%)[14]. - The company has a total of 22,554 common shareholders at the end of the reporting period[13]. - The company issued 5,228,000 restricted stock incentives, which will be released in three phases over 12, 24, and 36 months[15]. - There are no changes in the top ten shareholders due to securities lending or borrowing[14]. Government Subsidies and Grants - Other income skyrocketed by 1234.67% year-on-year to RMB 10,446,421.86, mainly due to increased government subsidies received[11]. - The company received government subsidies on July 1, 2024, and disclosed related information on July 8, 2024[16]. - Deferred income surged by 978.34% year-on-year, reflecting significant government grants related to assets received during the period[9].