Hunan (SH:600476)2024-10-25 09:46Financial Performance - The company's operating revenue for Q3 2024 was ¥86,222,508.55, a decrease of 20.82% compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 293,259,355.44, a decrease of 10.67% compared to CNY 328,266,889.08 in the same period of 2023[17]. - The net profit attributable to shareholders was ¥640,024.33, while the net profit after deducting non-recurring gains and losses was -¥148,438.10[2]. - Net loss for the first three quarters of 2024 was CNY 4,268,227.04, an improvement from a net loss of CNY 23,242,927.82 in the same period of 2023[18]. - Operating profit for the first three quarters of 2024 was a loss of CNY 3,108,553.31, compared to a loss of CNY 22,202,730.81 in 2023, indicating a significant reduction in losses[17]. - The company's basic earnings per share for the current period was ¥0.004, while the diluted earnings per share was also ¥0.004[3]. - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY -0.026, an improvement from CNY -0.144 in the same period of 2023[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,142,421,816.54, representing an increase of 8.60% from the end of the previous year[3]. - Total assets as of September 30, 2024, are 1,142,421,816.54 RMB, up from 1,051,964,694.89 RMB[15]. - The company's total liabilities amounted to CNY 1,017,498,399.76, up from CNY 924,450,890.30 at the end of 2023[22]. - The total liabilities increased to CNY 1,015,393,273.32 in Q3 2024 from CNY 920,667,924.63 in Q3 2023, reflecting a growth of 10.27%[17]. - Total current liabilities decreased to 806,325,048.20 RMB from 835,785,497.15 RMB[15]. - The company reported a total non-current liabilities of CNY 209,068,225.12 in Q3 2024, significantly higher than CNY 84,882,427.48 in Q3 2023, indicating a substantial increase[17]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥119,820,813.56, indicating a significant cash outflow[2]. - The net cash flow from operating activities was -CNY 119,820,813.56, worsening from -CNY 72,272,066.90 year-over-year[19]. - In the first three quarters of 2024, the company generated cash inflows from operating activities amounting to CNY 521,144,970.63, a 40.7% increase compared to CNY 370,372,991.70 in the same period of 2023[19]. - The company reported cash inflows from financing activities of CNY 569,850,600.00, up from CNY 403,728,583.33 in the previous year, marking a 41.1% increase[20]. - The net cash flow from financing activities improved to CNY 83,129,313.97, compared to a negative cash flow of -CNY 25,216,949.91 in the same period last year[20]. - The company experienced a net cash outflow of CNY 37,781,936.41 in cash and cash equivalents during the first three quarters of 2024, compared to a net outflow of CNY 103,369,237.63 in the same period of 2023[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,174[9]. - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., holds 53,128,388 shares, accounting for 32.98% of the total shares[12]. - The company has no changes in the participation of major shareholders in margin trading and securities lending compared to the previous period[12]. Operational Metrics - The company reported a 448.15% increase in prepayments compared to the end of the previous year, primarily due to increased advance payments for goods[6]. - The company experienced a 94.31% decrease in notes receivable compared to the end of the previous year, mainly due to the maturity of bank acceptance bills[6]. - The company's total current assets as of September 30, 2024, amount to 610,664,086.72 RMB, an increase from 563,675,745.50 RMB at the end of 2023[14]. - Accounts receivable increased to 318,835,988.76 RMB from 290,003,173.03 RMB[14]. - Inventory increased to 95,729,064.52 RMB from 78,354,932.81 RMB[14]. - The company's cash and cash equivalents decreased to 112,874,829.34 RMB from 136,179,936.83 RMB[14]. Expenses - Research and development expenses for the first three quarters of 2024 were CNY 6,042,789.57, down from CNY 7,061,839.80 in 2023, a decrease of 14.43%[17]. - Financial expenses decreased to CNY 6,956,409.28 in 2024 from CNY 9,040,641.74 in 2023, a reduction of 23.06%[17].