原尚股份(603813) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥71,173,432.66, a decrease of 23.94% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥11,562,160.69, with a year-to-date net profit of -¥30,481,345.24, reflecting a significant decline in profitability[2]. - The year-to-date operating revenue decreased by 33.58% due to insufficient business orders from existing customers and intensified market competition[6]. - Total operating revenue for the first three quarters of 2024 was CNY 221,539,108.95, a decrease of 33.5% compared to CNY 333,530,359.22 in the same period of 2023[16]. - Net profit for the third quarter of 2024 was a loss of CNY 31,063,545.99, compared to a loss of CNY 13,936,015.41 in the same quarter of 2023[18]. - The total comprehensive income for Q3 2024 was -31,063,545.99 RMB, compared to -13,936,015.41 RMB in Q3 2023, reflecting a worsening financial position[20]. - Basic and diluted earnings per share for Q3 2024 were both -0.29 RMB, compared to -0.13 RMB in Q3 2023, showing a decline in earnings performance[20]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥103,282,779.74, showing an increase of 123.30% compared to the previous year[3]. - Cash inflows from operating activities for the first three quarters of 2024 were 328,367,412.02 RMB, down from 381,868,628.79 RMB in the same period of 2023, representing a decrease of approximately 14%[21]. - The net cash flow from operating activities for the first three quarters of 2024 was 103,282,779.74 RMB, compared to 46,253,935.89 RMB in the same period of 2023, indicating an improvement in operational cash generation[21]. - The ending balance of cash and cash equivalents as of the end of Q3 2024 was 101,466,165.90 RMB, up from 91,231,606.89 RMB at the end of Q3 2023, reflecting a year-over-year increase[22]. - The company's cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,342,790,779.80, representing a 7.16% increase from the end of the previous year[3]. - Total liabilities increased to CNY 732,887,236.56, up 27.2% from CNY 576,176,844.15 in the previous year[16]. - The company's equity attributable to shareholders decreased by 9.83% to ¥609,508,960.00 compared to the previous year-end[3]. - The total equity attributable to shareholders decreased to CNY 609,508,960.00, down 10.0% from CNY 675,957,291.77 in the previous year[16]. Operational Challenges - The company is facing challenges in maintaining profitability due to high fixed operating costs amidst declining revenue[8]. - The revenue of the subsidiary, Guangdong Yuanshang Hengchen Agricultural Development Co., Ltd., was RMB 6.40 million with a net loss of RMB 439,947.66, indicating operational challenges[13]. - The company is focusing on cost control and operational efficiency to navigate the challenging market environment[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,362, with the largest shareholder holding 39.48% of the shares[9]. - The company has repurchased a total of 783,400 shares, accounting for 0.75% of the total share capital, with a total repurchase amount between RMB 10 million and RMB 15 million[12]. - The company plans to continue its share repurchase program within the next 12 months, with a maximum repurchase price set at RMB 20.07 per share[13]. Investment and Expenses - Research and development expenses for the first three quarters of 2024 were CNY 6,148,954.76, a decrease of 56.4% from CNY 14,088,367.99 in the same period of 2023[18]. - Non-recurring gains and losses for the reporting period included government subsidies of ¥51,677.24 and investment income from financial products of ¥167,937.07[4]. - The company reported a significant increase in tax expenses, totaling CNY 5,220,576.72, compared to CNY 4,967,186.53 in the previous year[18].