苏州科达(603660) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥320,208,483.15, representing a decrease of 2.16% compared to the same period last year, and a year-to-date revenue decline of 34.76% to ¥739,579,904.16[2] - The net profit attributable to shareholders for Q3 2024 was -¥97,208,685.74, with a year-to-date net profit of -¥356,146,075.78, indicating significant losses[2] - The net cash flow from operating activities for Q3 2024 was -¥13,679,834.51, a decline of 136.75%, with a year-to-date cash flow decrease of 460.02%[4] - The basic and diluted earnings per share for Q3 2024 were both -¥0.1932, reflecting ongoing financial challenges[4] - The company reported a net profit of CNY 12,505,037.04 for the first three quarters of 2024, down from CNY 368,651,112.82 in the same period of 2023, representing a decline of approximately 96.6%[17] - The net profit for Q3 2024 was -353,728,456.42 RMB, compared to -326,020,524.25 RMB in Q3 2023, indicating a decline in profitability[20] - The total comprehensive income for the period was -353,793,959.65 RMB, compared to -325,813,169.77 RMB in the same quarter last year[21] - The total profit margin for the company decreased, with total profit amounting to -354,126,687.54 RMB in Q3 2024 compared to -325,072,008.33 RMB in Q3 2023[20] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥2,170,030,242.34, down 26.91% from the end of the previous year[4] - The equity attributable to shareholders decreased by 38.24% to ¥665,395,882.20 at the end of Q3 2024[4] - Total assets decreased to CNY 2,170,030,242.34 from CNY 2,969,136,125.43, representing a decline of about 26.9%[17] - Total liabilities decreased to CNY 1,494,265,659.50 from CNY 1,886,713,272.15, reflecting a reduction of approximately 20.8%[17] - The company's equity attributable to shareholders decreased to CNY 665,395,882.20 from CNY 1,077,471,772.00, indicating a decline of about 38.3%[17] - Long-term borrowings decreased to CNY 34,000,000.00 from CNY 92,500,000.00, a reduction of approximately 63.3%[16] Revenue and Costs - Total operating revenue for the first three quarters of 2024 was CNY 739,579,904.16, a decrease from CNY 1,133,699,733.33 in the same period of 2023, representing a decline of approximately 34.7%[18] - Total operating costs for the first three quarters of 2024 amounted to CNY 1,148,310,585.53, down from CNY 1,471,424,349.75 in 2023, indicating a reduction of about 21.9%[18] - Total revenue from sales and services received in cash was 847,691,763.22 RMB, down from 1,323,316,635.42 RMB in the previous year, representing a decline of about 36%[22] Cash Flow - Cash and cash equivalents decreased to CNY 389,629,007.23 from CNY 691,366,195.20, reflecting a decline of approximately 43.7%[15] - The company's cash and cash equivalents at the end of the period stood at CNY 389,629,007.23, down from CNY 460,286,379.11 in the previous year[23] - The cash inflow from financing activities totaled CNY 174,436,000.00, while cash outflow was CNY 384,330,516.37, resulting in a net cash flow from financing activities of negative CNY 209,894,516.37[23] - The company experienced a foreign exchange impact of negative CNY 3,709,670.40 on cash and cash equivalents[23] - Operating cash flow for the first three quarters of 2024 was -427,967,091.97 RMB, compared to -76,419,950.28 RMB in the same period of 2023, showing a significant increase in cash outflow[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,982[9] - The largest shareholder, Chen Donggen, holds 129,811,628 shares, representing 25.81% of the total shares[10] - The second-largest shareholder, Chen Weidong, holds 15,509,358 shares, accounting for 3.08%[10] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending[10] - The total number of shares held by the top ten shareholders is significant, with the largest holding being over 25%[9] - The company has not disclosed any related party relationships among the top shareholders[10] Strategic Initiatives - The company reported a significant reduction in revenue due to a temporary demand shortage from downstream customers and a shift in business focus[7] - The company aims to control expenses further, which has led to a narrowing of losses compared to the same period last year[8] - The company is exploring new strategies for market expansion and product development to address the current financial challenges[8] - The company has decided to postpone the "Video AI Industrialization Project" and "Cloud Video Industrialization Project" to December 2025[11] - The company is actively expanding its market presence through strategic investments in technology firms[12][13] Investments and Projects - The company issued 5.16 million convertible bonds with a total amount of RMB 516 million, with a maturity period of 6 years[12] - The conversion price of the convertible bonds was adjusted from RMB 8.68 per share to RMB 6.36 per share effective July 31, 2024[12] - The company established Quanzhou Keda Lishi Optoelectronic Technology Co., Ltd. with a registered capital of RMB 8 million, holding a 12.5% equity stake[12] - The company established Keda Smart (Sichuan) Technology Co., Ltd. with a registered capital of RMB 5 million, holding a 40% equity stake and an actual investment of RMB 800,000[12] - The company established Hongse Shiji (Beijing) Information Technology Co., Ltd. with a registered capital of RMB 15 million, holding a 40% equity stake[13] - The company established Beijing Lin'ao Technology Co., Ltd. with a registered capital of RMB 1 million, holding a 15% equity stake[13] - The company is involved in various technology services including IoT technology research and development, quantum computing technology services, and AI application software development[12][13] Miscellaneous - The company has not disclosed specific financial performance metrics for Q3 2024 in the provided content[14] - The financial statements for Q3 2024 are unaudited as of September 30, 2024[14] - Research and development expenses decreased to 358,859,664.12 RMB from 480,000,076.27 RMB year-over-year, reflecting a reduction of approximately 25.3%[20] - Sales expenses for Q3 2024 were 360,869,891.20 RMB, slightly down from 379,840,992.01 RMB in Q3 2023[20] - The company received 34,650,493.40 RMB in tax refunds, a slight increase from 33,925,958.59 RMB in the previous year[22]