星星科技(300256) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥350,407,569.78, representing a 33.83% increase compared to ¥261,833,600.57 in the same period last year[3] - The company's operating revenue for the current period reached ¥858,133,305.07, representing a 41.24% increase compared to ¥607,554,085.59 in the same period last year, primarily driven by the growth in electric vehicle sales[8] - Total operating revenue for the third quarter of 2024 reached ¥858,133,305.07, a significant increase of 41.2% compared to ¥607,554,085.59 in the same period last year[18] - Revenue from sales of goods and services received cash of CNY 992.58 million, compared to CNY 663.59 million in the same period last year, marking an increase of about 49.5%[21] - The net loss attributable to shareholders was ¥55,588,660.18, a decrease of 12.81% from a loss of ¥49,274,843.23 in the previous year[3] - Net profit for Q3 2024 was a loss of CNY 128.70 million, compared to a loss of CNY 228.01 million in Q3 2023, indicating an improvement of about 43.5%[20] - The total comprehensive income attributable to the parent company was CNY -128.74 million, compared to CNY -228.01 million in the same quarter last year, showing a reduction in losses of approximately 43.5%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥52,464,231.25, down 36.61% from ¥82,765,537.85 in the same period last year[3] - The net cash flow from operating activities was ¥52,464,231.25, down 36.61% from ¥82,765,537.85, mainly due to prepayments for materials and litigation compensation payments[9] - Cash flow from operating activities generated CNY 52.46 million, down from CNY 82.77 million in the previous year, a decrease of approximately 36.5%[22] - Operating cash inflows totaled CNY 1,226.65 million, up from CNY 899.53 million in the previous year, representing an increase of approximately 36.4%[22] - The net cash flow from investing activities was -¥135,153,073.40, a significant decline of 549.60% from -¥20,805,651.49, primarily due to payments for equity acquisition of Guangxi Lema[9] - The company reported a net cash outflow from investing activities of CNY 135.15 million, worsening from a net outflow of CNY 20.81 million in the previous year[22] - The net cash flow from financing activities was -¥12,087,856.85, a decrease of 380.22% from ¥4,313,712.67, mainly due to increased long-term leasing[9] - The net cash flow from financing activities was -12,087,856.85 CNY, compared to 4,313,712.67 CNY in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,154,993,787.57, a decrease of 11.26% from ¥2,246,191,269.93 at the end of the previous year[3] - The company's total assets decreased to ¥1,993,207,827.89 from ¥2,246,191,269.93, indicating a reduction of approximately 11.3%[17] - Current assets totaled ¥1,082,305,833.15 as of September 30, 2024, down from ¥1,181,149,805.96 at the beginning of the year, indicating a decrease of approximately 8.4%[16] - Total liabilities increased to ¥848,202,652.69 from ¥763,123,212.87, marking an increase of about 11.2%[17] - The equity attributable to shareholders decreased by 21.88% to ¥1,512,591,077.54 from ¥1,540,263,078.61 at the end of the previous year[3] - The company's total equity decreased to ¥1,145,005,175.20 from ¥1,483,068,057.06, reflecting a decline of about 22.8%[17] Operational Highlights - The company reported a significant increase in construction in progress, which rose by 226.09% to ¥13,424,086.45 due to new projects initiated during the period[7] - The company experienced a 38.49% increase in prepayments, totaling ¥33,525,104.13, attributed to increased procurement of materials[7] - The company’s contract liabilities rose by 53.22% to ¥28,779,751.55, reflecting an increase in advance payments for electric vehicle business[7] - Operating costs amounted to ¥768,821,346.66, an increase of 33.29% from ¥576,804,956.19, attributed to the expansion of electric vehicle sales and increased exchange losses due to currency fluctuations[8] - Research and development expenses increased to CNY 45.02 million from CNY 38.64 million, reflecting a growth of approximately 16.5% year-over-year[19] Other Financial Metrics - Other income decreased by 43.40% to ¥12,604,093.24 from ¥22,267,211.27, mainly due to fewer government subsidies compared to the previous year[8] - Investment income plummeted by 94.02% to ¥886,868.39 from ¥14,824,619.08, primarily due to high debt restructuring gains in the same period last year[8] - The company reported a credit impairment loss of ¥2,794,993.29, a significant improvement compared to a gain of ¥24,889,549.47 in the previous year, due to enhanced monitoring of receivables and credit risk management[8] - The company disposed of assets resulting in a loss of ¥20,443,903.15, which is a 41.20% increase from a loss of ¥14,478,867.31, attributed to improved asset utilization efficiency[8] Shareholder Information - The company has a total of 72,559 common shareholders at the end of the reporting period, with Zhejiang Lema Technology Co., Ltd. holding 26.45% of the shares[10] Market Conditions - The company is focusing on cash management strategies to optimize its financial position amid the current market conditions[16] Audit Status - The third quarter report was not audited[23]