THD(300397)2024-10-24 10:02Financial Performance - The company's revenue for Q3 2024 was ¥69,419,621.88, representing a 4.21% increase year-over-year, while the year-to-date revenue reached ¥276,022,492.34, up 5.42% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was -¥36,131,605.05, a decrease of 15.67% year-over-year, with a year-to-date net profit of -¥63,770,193.06, reflecting a 19.27% increase compared to the previous year[3]. - The basic earnings per share for Q3 2024 was -¥0.07, down 16.09% year-over-year, while the diluted earnings per share also stood at -¥0.07, with a year-to-date figure of -¥0.12, which is a 20.00% increase compared to the same period last year[3]. - The net loss attributable to the parent company increased to ¥67,020,146.76 from a loss of ¥3,249,953.70, highlighting a worsening financial performance[23]. - The net profit for Q3 2024 was -75,966,529.16 CNY, an improvement from -92,324,225.96 CNY in the same period last year, representing a decrease in net loss of approximately 17.7%[25]. - The total comprehensive income attributable to the parent company was -63,770,193.06 CNY, compared to -78,995,699.44 CNY in the same period last year, indicating a reduction in comprehensive loss of approximately 19.2%[25]. Assets and Liabilities - Total assets as of September 30, 2024, were ¥2,488,096,926.22, a decrease of 2.29% from the end of the previous year, while total equity attributable to shareholders was ¥1,577,837,926.22, down 3.74%[3]. - The company's total assets decreased to ¥2,488,096,926.22 from ¥2,546,311,780.21, a reduction of approximately 2.3%[23]. - Total liabilities increased to ¥951,637,343.51 from ¥937,232,787.67, indicating a slight rise in financial obligations[23]. - Short-term borrowings surged to ¥125,600,498.93 from ¥41,050,277.31, indicating a significant increase in leverage[22]. Cash Flow - The company reported a net cash flow from operating activities of -¥103,128,512.03 year-to-date, which is a 12.58% improvement compared to the same period last year[3]. - The company's cash and cash equivalents decreased to ¥162,827,323.83 from ¥318,312,938.22, a decline of about 49%[21]. - Cash inflow from financing activities increased by 2796.30% to 31,280,000.00, primarily from long-term payables obtained through financing leaseback transactions[7]. - The company's financing activities generated a net cash inflow of 40,022,275.48 CNY, a significant decrease from 134,373,438.56 CNY in the same period last year[27]. Investments and Expenditures - The company invested in research and development, with development expenditures rising by 30.24% to ¥79,808,916.56, mainly for military RF chips and military equipment projects[6]. - The company is investing approximately 1.2 billion RMB in the first phase of a project for microwave ferrite and ceramic materials, with a total investment of about 3.8 billion RMB planned for the second phase[17]. - Investment activities resulted in a net cash outflow of -82,596,739.89 CNY, compared to -23,503,679.71 CNY in the same period last year, indicating increased investment expenditures[27]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 51,259[9]. - The largest shareholder, He Zenglin, holds 25.11% of shares, with 72,271,000 shares pledged[9]. - The company has released 13.76 million shares from lock-up conditions during the reporting period[10]. - The total number of locked-up shares at the end of the period is 112.13 million[10]. Projects and Developments - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an High-tech Zone[12]. - The project will include the production of 5G communication electronic products and dual-use military-civilian related products[12]. - The company has completed the planning, construction permit, and other necessary work for the northern land plot of the 5G Communication Industrial Park[13]. - The southern land plot is planned for the construction of the Tianrong Big Data (Xi'an) Computing Power Center project, which is currently under active promotion[13]. - The construction progress of the 5G Communication Industrial Park has been affected by various objective factors, leading to delays in project completion[13]. - The completion date for the fundraising investment project has been postponed to June 2025[14]. Operational Efficiency - The company reported a decrease in management expenses to ¥67,776,915.12 from ¥71,996,870.55, reflecting improved operational efficiency[24]. - Operating expenses surged by 1493.47% to 1,693,519.27, mainly due to increased charitable donations[7]. - Total operating costs decreased slightly to ¥355,577,805.86 from ¥359,059,160.56, indicating a cost management improvement[24].