TYSJ(SH:688033)2024-10-25 09:49Financial Performance - The company's operating revenue for Q3 2024 was ¥128,011,809.16, a decrease of 83.89% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥94,416,208.92, reflecting a decline of 190.19% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥115,036,220.43, down 217.64% from the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.17, a decline of 189.47% year-on-year[2] - The weighted average return on net assets was -2.03%, a decrease of 3.98 percentage points compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 639,186,694.39, a decrease of 63.8% compared to CNY 1,766,827,866.37 in the same period of 2023[17] - The net profit attributable to the parent company's shareholders is reported at a loss of CNY 587.20 million, compared to a profit of CNY 236.43 million in the same period last year[20] - The basic earnings per share for the current period is -CNY 1.04, compared to CNY 0.42 in the previous period, reflecting a negative shift[20] - The total profit for the current period is a loss of CNY 643.53 million, compared to a profit of CNY 374.72 million in the previous period[18] Research and Development - The total R&D investment for Q3 2024 was ¥23,172,359.91, a decrease of 54.46% compared to the same period last year[2] - The ratio of R&D investment to operating revenue increased to 18.10%, up 11.70 percentage points year-on-year[4] - Research and development expenses decreased to CNY 79.22 million from CNY 115.74 million, showing a reduction of approximately 31.5%[18] - The company is involved in the development of high-temperature and ablation-resistant products in collaboration with a certain aerospace institute[13] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥7,588,656,076.94, a decrease of 13.04% compared to the end of the previous year[4] - The equity attributable to shareholders was ¥4,581,662,116.49, down 12.31% from the previous year[4] - Current assets decreased to CNY 2,779,861,519.66 as of September 30, 2024, down 32.8% from CNY 4,131,758,884.33 at the end of 2023[15] - Total liabilities decreased to CNY 2,946,006,319.83, a reduction of 13.5% from CNY 3,405,119,851.79 at the end of 2023[16] - Non-current liabilities decreased to CNY 425,729,192.68, down 48.5% from CNY 827,999,442.24 at the end of 2023[16] - The company’s retained earnings decreased to CNY 413,579,601.28 from CNY 1,014,505,049.12 at the end of 2023[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,895[9] - The largest shareholder, Wu Peifang, holds 125,219,272 shares, representing 22.27% of the total shares[9] - The top ten shareholders hold a total of 186,000,000 shares, accounting for 33.06% of the total shares[10] Operational Highlights - The company faced significant challenges in the photovoltaic industry, leading to a substantial decline in revenue and profit margins[7] - The company secured two key mass production projects for carbon-ceramic discs from a leading new energy vehicle manufacturer during the reporting period[13] - The subsidiary, Beijing Tianren Daohe New Materials Co., Ltd., completed static tests for the first product of a commercial aerospace rocket fairing project[13] - The company has established a strategic partnership with Beijing Xinghe Power Equipment Technology Co., Ltd. for deep cooperation in the R&D and manufacturing of solid and liquid launch vehicles[13] - The high-speed train brake pads, TS588, have completed installation assessments for the CRH3A model and received formal certification from CRCC[13] - The company has received orders for samples of ablation-resistant throat liners and is in the process of production[13] - The company has completed the first batch of body structure deliveries for a certain model of unmanned helicopter[13] Cash Flow and Financing - The net cash flow from operating activities is CNY 118.41 million, a recovery from a negative cash flow of CNY -342.67 million in the previous period[22] - Cash received from sales of goods and services amounting to CNY 770.17 million, down from CNY 1.20 billion in the previous period[22] - Investment activities cash outflow totaled 548,041,729.44 in the current period, compared to 1,077,754,597.25 in the previous period, indicating a decrease of approximately 49%[23] - Net cash flow from investment activities was -530,863,889.44, a significant decline from -1,075,255,528.83 year-over-year[23] - Cash inflow from financing activities amounted to 825,869,002.38, down from 1,022,583,512.28, representing a decrease of about 19%[23] - Net cash flow from financing activities was -298,052,519.37, contrasting with a positive flow of 658,730,547.64 in the previous period[23] - The net increase in cash and cash equivalents was -710,501,929.34, compared to -759,198,283.02 in the prior year, showing a slight improvement[23] - The ending balance of cash and cash equivalents was 468,233,478.71, down from 1,313,500,585.45, reflecting a decrease of approximately 64%[23] - Cash paid for debt repayment and dividends was 820,084,667.14, significantly higher than 299,836,607.26 in the previous period[23] Reporting and Compliance - The company did not apply new accounting standards for the current reporting period[24] - The report was published on October 25, 2024, by the Board of Directors of Beijing Tianyi Shangjia High-tech Materials Co., Ltd.[24]