SNC Net(SH:605398)2024-10-25 08:39Revenue and Profit - Revenue for Q3 2024 was CNY 126,493,343.60, a decrease of 19.06% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 6,377,517.35, down 20.15% year-over-year[2] - Net profit excluding non-recurring gains and losses for Q3 2024 was CNY 5,443,387.13, a decline of 25.82% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 387,655,531.05, a decrease of 14.4% compared to CNY 452,767,433.39 in the same period of 2023[20] - Net profit for the third quarter of 2024 was CNY 24,858,945.17, a decrease of 25.3% compared to CNY 33,295,691.48 in the same quarter of 2023[21] - The company’s total comprehensive income for the third quarter of 2024 was CNY 24,849,363.32, down from CNY 33,295,691.48 in the same quarter of 2023[22] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 1,188,946,306.17, representing a decrease of 6.72% from the end of the previous year[3] - The company's total assets as of September 30, 2024, amount to 1,188,946,306.17 RMB, a decrease from 1,274,667,596.92 RMB at the end of 2023[17] - Total liabilities as of the end of the third quarter of 2024 were CNY 149,671,456.29, a decrease of 28.4% from CNY 209,000,272.93 at the end of the previous year[19] - Total equity attributable to shareholders of the parent company was CNY 1,038,821,325.01, a decrease of 2.5% from CNY 1,065,215,772.77 in the previous year[19] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 1,038,821,325.01, down 2.48% from the previous year[3] - The total number of common shareholders at the end of the reporting period is 15,663[11] - The largest shareholder, Sun Zhengyang, holds 30,279,080 shares, representing 18.61% of the total shares[14] - The second-largest shareholder, Sun Zhenghan, holds 21,704,766 shares, representing 13.34% of the total shares[14] - The company has no preferred shareholders with restored voting rights[11] Cash Flow - The company reported a net cash flow from operating activities of CNY -53,060,737.92 for the year-to-date period[2] - In the first three quarters of 2024, the cash inflow from operating activities totaled ¥404,107,600.92, compared to ¥449,387,328.54 in the same period of 2023, reflecting a decrease of approximately 10%[24] - The net cash flow from operating activities for the first three quarters of 2024 was -¥53,060,737.92, slightly improved from -¥57,933,417.44 in 2023[24] - Cash inflow from investment activities in the first three quarters of 2024 was ¥439,013,105.20, significantly higher than ¥261,700,396.04 in 2023, marking an increase of approximately 68%[24] - The net cash flow from investment activities for the first three quarters of 2024 was -¥106,889,050.87, compared to -¥89,221,263.42 in 2023, indicating a worsening of cash outflow[24] - Total cash outflow from financing activities in the first three quarters of 2024 was ¥71,710,773.44, up from ¥27,508,704.28 in 2023, representing an increase of approximately 160%[25] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was ¥708,145,418.45, down from ¥741,959,132.79 at the end of the same period in 2023[25] Expenses - Total operating costs for the first three quarters of 2024 were CNY 363,246,623.85, down 13.9% from CNY 421,946,258.92 in the previous year[20] - Research and development expenses for the first three quarters of 2024 amounted to CNY 85,138,575.44, an increase of 13.7% from CNY 74,985,277.73 in the same period of 2023[20] - The cash paid for taxes in the first three quarters of 2024 was ¥26,111,975.53, compared to ¥22,352,806.15 in 2023, reflecting an increase of approximately 17%[24] - The company reported a cash outflow of ¥270,422,708.30 for employee payments in the first three quarters of 2024, slightly lower than ¥273,924,321.57 in 2023[24] Other Financial Metrics - The basic earnings per share for the year-to-date period was CNY 0.15, a decrease of 24.94% compared to the same period last year[3] - The weighted average return on equity for Q3 2024 was 0.61%, a decrease of 0.17 percentage points year-over-year[3] - Non-recurring gains and losses for the year-to-date period amounted to CNY 934,130.22, down from CNY 3,158,318.44 in the previous year[6] - Government subsidies recognized during the year-to-date period totaled CNY 943,051.54, contributing to the company's financial support[5] - The company reported a net exchange gain of CNY 114,707.38 for the third quarter of 2024, compared to a gain of CNY 50,684.93 in the same quarter of 2023[21] - The company experienced a negative impact of -¥14,755.79 from exchange rate fluctuations on cash and cash equivalents in the third quarter of 2024[25]