THGW(SH:600365)2024-10-25 08:54Revenue and Profitability - Revenue for Q3 2024 was CNY 178,580,021.28, an increase of 5.86% compared to the same period last year[3] - Net profit attributable to shareholders was a loss of CNY 4,521,879.13 for Q3 2024, with a year-to-date loss of CNY 31,610,812.96[3] - Basic and diluted earnings per share for Q3 2024 were both -0.011 CNY[4] - Total operating revenue for the first three quarters of 2024 reached CNY 586,374,395.85, a slight increase from CNY 584,641,462.12 in the same period of 2023[16] - The net profit for the third quarter of 2024 was CNY -31,620,858.63, an improvement compared to CNY -71,703,067.87 in the same quarter of 2023[18] - The basic and diluted earnings per share for the third quarter of 2024 were both CNY -0.074, compared to CNY -0.168 in the same quarter of 2023[18] - Net profit for the first three quarters of 2024 was -¥33,943,131.86, compared to -¥76,629,575.02 in the same period of 2023, indicating a significant reduction in losses[24] - The company reported a basic earnings per share of -¥0.08 for the first three quarters of 2024, an improvement from -¥0.18 in the same period of 2023[25] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 877,831,399.37, a decrease of 1.89% from the end of the previous year[4] - The total assets of the company decreased to 877,831,399.37 RMB from 894,744,313.19 RMB, a decline of approximately 1.9%[14] - The total liabilities decreased to CNY 573,137,140.60 from CNY 586,640,213.15 year-over-year[16] - The total liabilities increased to CNY 324,787,002.33 from CNY 300,354,878.62 at the end of 2023[22] - Total liabilities and shareholders' equity as of the end of the third quarter of 2024 amounted to ¥908,176,553.61, up from ¥889,476,544.40 at the end of the third quarter of 2023[23] Shareholders and Equity - Shareholders' equity attributable to the parent company was CNY 304,548,331.85, down 1.10% from the previous year[4] - The total equity attributable to shareholders of the parent company was CNY 304,548,331.85, down from CNY 307,948,127.45 in the previous year[16] - The total number of common shareholders at the end of the reporting period is 15,311[9] - The largest shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., holds 43,093,236 shares, accounting for 10.08% of the total shares[10] Cash Flow - Cash flow from operating activities for the year-to-date was a negative CNY 308,129,442.76[3] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 352,567,419.52, a decrease of 15.2% compared to CNY 415,641,913.17 in the same period of 2023[19] - The net cash outflow from operating activities was CNY -308,129,442.76, an improvement from CNY -324,788,183.81 in the previous year[19] - The total cash inflow from investment activities was CNY 4,330,789.11, significantly higher than CNY 30,000.00 in the same period last year[20] - The cash outflow for purchasing fixed assets and intangible assets was CNY 3,661,116.38, compared to CNY 2,131,751.90 in the previous year[20] - The net cash inflow from financing activities was CNY 321,184,805.41, slightly lower than CNY 321,288,855.32 in the same period of 2023[20] - The cash and cash equivalents at the end of the period increased to CNY 32,894,216.46 from CNY 2,587,274.78 at the end of 2023[20] - Cash and cash equivalents at the end of the third quarter of 2024 totaled ¥357,728.77, compared to ¥51,054.10 at the end of the same period in 2023[27] Expenses - Total operating costs decreased to CNY 592,651,297.65 from CNY 614,568,881.53 year-over-year, with operating costs specifically down to CNY 489,676,431.07 from CNY 492,720,869.15[16] - Research and development expenses for the first three quarters of 2024 were CNY 705,336.27, slightly lower than CNY 737,855.42 in the same period of 2023[17] - The company reported a significant reduction in sales expenses to CNY 39,080,308.12 from CNY 43,409,649.54 year-over-year[17] - The company experienced a decrease in sales expenses, which were ¥5,327,751.78 in the first three quarters of 2024, down from ¥9,308,249.58 in the same period of 2023[24] Legal Matters - The company has recognized a provision for compensation liability of 80,236,985.30 RMB related to a legal dispute with Dalian Dinghua International Trade Co., Ltd.[12] - The company has initiated legal proceedings against former actual controller Yin Bing for damages, with the case currently accepted by the court[12] Future Outlook - The company plans to increase investments in response to complex internal and external environments for better future development[7] - The company has seen a 55.87% reduction in net losses for the first three quarters of 2024 compared to the same period in 2023[8]