万年青(000789) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was CNY 1,429,849,722.47, a decrease of 23.91% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 5,468,946.50, down 86.98% year-on-year, while the net profit after deducting non-recurring gains and losses was a loss of CNY 5,725,311.53, a decrease of 118.87%[2] - Total operating revenue for Q3 2024 was CNY 4,018,003,129.15, a decrease of 32.8% compared to CNY 5,985,125,478.81 in Q3 2023[11] - The net profit for Q3 2024 was CNY 19,035,584.46, a significant decrease from CNY 444,957,720.77 in the same period last year, representing a decline of approximately 95.7%[12] - Operating profit for Q3 2024 was CNY 65,269,455.87, down from CNY 590,626,634.24 in Q3 2023, indicating a decrease of about 88.9%[12] - The total profit for Q3 2024 was CNY 75,848,484.06, down from CNY 588,943,444.16 in Q3 2023, reflecting a decrease of about 87.9%[12] - The total comprehensive income for Q3 2024 was CNY -15,257,564.49, compared to CNY 418,890,508.39 in Q3 2023, indicating a significant decline[13] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 344,010,890.91, down 25.97% year-to-date[2] - The cash inflow from operating activities in Q3 2024 was CNY 4,751,115,143.42, down from CNY 6,440,639,158.90 in Q3 2023, indicating a decline of about 26.2%[14] - The net cash flow from operating activities for Q3 2024 was CNY 344,010,890.91, a decrease of 26% compared to CNY 464,690,127.51 in Q3 2023[15] - Total cash outflow from operating activities amounted to CNY 4,407,104,252.51, down 26% from CNY 5,975,949,031.39 in the previous year[15] - The net cash flow from investing activities was negative CNY 1,138,545,627.57, compared to negative CNY 259,744,050.90 in Q3 2023, indicating increased investment outflows[15] - Cash inflow from financing activities totaled CNY 607,818,000.00, a decrease of 24% from CNY 799,133,800.44 in the same quarter last year[15] - The net cash flow from financing activities was negative CNY 226,094,822.60, improving from negative CNY 847,298,030.87 in Q3 2023[15] - The total cash and cash equivalents decreased by CNY 1,020,629,405.24 in Q3 2024, compared to a decrease of CNY 642,351,273.92 in Q3 2023[15] - The cash outflow for purchasing fixed assets, intangible assets, and other long-term assets was CNY 138,433,550.46, down significantly from CNY 399,826,972.73 in the previous year[15] - The company received CNY 44,070,500.00 from recovering investments, a notable increase from CNY 2,040,000.00 in Q3 2023[15] Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,396,875,804.80, reflecting a decrease of 3.55% from the end of the previous year[2] - Current assets totaled CNY 7,064,164,169.64, a decline of 3.3% from CNY 7,304,315,104.48 in the previous year[10] - Total liabilities decreased to CNY 6,079,584,285.57 from CNY 6,612,173,243.54, representing a reduction of about 8.1%[11] - The company's retained earnings were CNY 5,490,964,360.34, down from CNY 5,555,665,856.73, a decrease of about 1.2%[11] - The total equity attributable to shareholders decreased to CNY 6,891,435,093.81 from CNY 6,978,913,582.45, reflecting a decline of approximately 1.2%[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,487, with the largest shareholder, Jiangxi Cement Co., Ltd., holding 44.22% of the shares, totaling 352,593,204 shares[8] - Jiangxi Cement Co., Ltd. has increased its shareholding by 5,113,200 shares, representing 0.64% of the total share capital as of September 27, 2024[8] - The company plans to increase its holdings by no less than ¥20 million and no more than ¥40 million within six months starting from June 25, 2024[8] - The top ten shareholders include state-owned entities and individuals, with the second-largest shareholder, China National Building Material Investment Co., Ltd., holding 4.89%[8] - The total number of shares held by the top ten unrestricted shareholders is 352,593,204 shares, which is the same as the largest shareholder's holding[8] - The company has not reported any changes in the participation of the top ten shareholders in margin financing and securities lending activities[8] - The company maintains a strong confidence in its long-term investment value, as indicated by the share buyback plan announced by its controlling shareholder[8] Research and Development - Research and development expenses increased by 38.59% year-on-year, amounting to CNY 57,790,470.15, indicating a focus on innovation[5] - Research and development expenses increased to CNY 57,790,470.15 in Q3 2024, up from CNY 41,699,714.37 in Q3 2023, marking an increase of about 38.6%[12] Other Financial Metrics - The basic earnings per share were CNY 0.0069, a decrease of 86.98% compared to the same period last year[2] - The weighted average return on equity was 0.08%, down 0.49% year-on-year, indicating a decline in profitability[2] - The company experienced a significant decline in investment income, which was CNY 19,352,395.11, down 38.26% compared to the previous year due to the sale of a subsidiary[5] - The company recorded a substantial increase in government subsidies, contributing to improved financial performance[6] - The company reported a decrease in sales expenses to CNY 76,959,855.22 in Q3 2024 from CNY 109,845,302.03 in Q3 2023, a reduction of approximately 30.0%[12] - Other comprehensive income attributable to the parent company for Q3 2024 was CNY -34,696,429.33, compared to CNY -26,925,290.19 in Q3 2023, reflecting a further decline[13] Audit and Accounting Standards - The company did not undergo an audit for the Q3 2024 report[16] - The company will implement new accounting standards starting in 2024, affecting the financial statements[16]