ETERN(SH:600105)2024-10-25 13:41Financial Performance - The company's operating revenue for Q3 2024 was ¥1,151,110,744.12, representing a year-on-year increase of 7.66%[2] - The net profit attributable to shareholders for Q3 2024 was ¥26,004,020.60, a decrease of 44.41% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,722,930.11, down 19.82% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.019, a decrease of 42.42% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 2,972,593,105.99, a slight increase from CNY 2,945,472,290.46 in the same period of 2023, representing a growth of approximately 0.9%[15] - Operating profit for the first three quarters of 2024 was CNY 126,310,431.26, compared to CNY 110,565,989.23 in 2023, indicating an increase of approximately 14.2%[15] - The net profit for Q3 2024 was CNY 103,648,117.08, an increase of 4.0% compared to CNY 98,869,851.64 in Q3 2023[16] - The total comprehensive income attributable to the parent company was CNY 56,831,960.81, down from CNY 87,017,278.69 in the same period last year, representing a decrease of 34.6%[17] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.041, compared to CNY 0.062 in Q3 2023, reflecting a decline of 33.9%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,305,998,321.99, a decrease of 0.98% from the end of the previous year[3] - Long-term equity investments amounted to CNY 1,264,815,750.16, slightly down from CNY 1,267,711,208.63[13] - Total non-current assets increased to CNY 4,309,631,373.44 from CNY 4,282,727,081.33, showing a growth of approximately 0.6%[13] - Total liabilities decreased to CNY 5,137,163,581.38 from CNY 5,267,671,054.59, a reduction of about 2.5%[14] - The company's total assets were reported at CNY 8,305,998,321.99, down from CNY 8,388,512,400.80[14] - The company reported a decrease in short-term borrowings to CNY 2,295,488,094.61 from CNY 2,087,670,728.88, indicating an increase of about 10%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥489,891,518.20, reflecting a significant decrease of 727.39% compared to the previous year[2] - Cash flow from operating activities for the first nine months of 2024 was negative at CNY -489,891,518.20, a significant decrease from CNY 78,083,510.32 in the same period of 2023[18] - Total cash inflow from operating activities for the first nine months of 2024 was CNY 2,262,107,863.64, down 13.8% from CNY 2,623,601,948.00 in 2023[18] - Cash outflow from operating activities increased to CNY 2,751,999,381.84 in the first nine months of 2024, compared to CNY 2,545,518,437.68 in the same period last year, an increase of 8.1%[18] - The net cash flow from investing activities was CNY -181,248,839.50 for the first nine months of 2024, compared to CNY -153,021,725.62 in 2023[18] - Cash flow from financing activities generated a net inflow of CNY 83,232,102.15 in Q3 2024, slightly down from CNY 87,671,583.85 in Q3 2023[18] - The total cash and cash equivalents at the end of Q3 2024 were CNY 852,878,327.16, down from CNY 918,689,254.15 at the end of Q3 2023[18] - The company reported a significant increase in sales cash receipts, totaling CNY 1,912,968,099.02 for the first nine months of 2024, compared to CNY 2,232,233,064.54 in the same period last year, a decrease of 14.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 111,969[8] - The top ten shareholders do not have any related party relationships, ensuring compliance with the regulations on concerted actions[10] - The company has not reported any significant changes in the shareholding structure due to the transfer of shares among the top ten shareholders[10] Auditor Changes - The company has appointed Zhang Kaiming as the new signing auditor for the 2024 financial year, replacing Dong Xinggai, and Wen Guosheng as the quality control reviewer, replacing Wang Jin[11] - The company has received a new audit report from Zhongxinghua Accounting Firm, indicating a change in the signing auditors and quality control reviewers for the 2024 financial year[10] Segment Performance - The overseas engineering segment showed steady progress, while the automotive wiring harness segment faced profit declines due to industry-wide impacts[6] Research and Development - Research and development expenses increased to CNY 157,061,099.74 from CNY 152,367,430.84, marking a rise of about 3.6%[15] Inventory and Receivables - Cash and cash equivalents decreased to CNY 1.186 billion from CNY 1.833 billion, reflecting a decline of approximately 35.4%[12] - Accounts receivable decreased to CNY 1.235 billion from CNY 1.057 billion, indicating a reduction of about 7.5%[12] - Inventory increased to CNY 768.54 million from CNY 699.58 million, showing an increase of approximately 9.9%[12] - The company reported a significant increase in contract assets, rising to CNY 419.87 million from CNY 161.95 million, which is an increase of approximately 159.5%[12] - Other receivables increased to CNY 102.88 million from CNY 96.56 million, reflecting an increase of about 6.5%[12]