*ST天沃(002564) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter of 2024 was RMB 503.38 million, a decrease of 46.55% year-over-year[7] - Net profit attributable to shareholders for the third quarter was RMB -10.02 million, a significant improvement of 95.62% compared to the same period last year[7] - Revenue for the first nine months of 2024 decreased by 41.11% to 1,701,504,597.30 yuan compared to the same period in 2023[10] - Net profit attributable to shareholders of the listed company increased by 100.63% to 5,487,448.62 yuan in the first nine months of 2024[10] - The company's total revenue for the current period is 1,701,504,597.30 RMB, a decrease from the previous period's 2,889,143,275.49 RMB[22] - The company's total operating costs for the current period are 1,724,793,239.70 RMB, compared to 3,127,323,566.03 RMB in the previous period[22] - The company's R&D expenses for the current period are 68,559,098.00 RMB, down from 122,173,578.65 RMB in the previous period[22] - The company's financial expenses for the current period are 116,205,725.17 RMB, a significant decrease from 378,825,757.49 RMB in the previous period[22] - Net profit attributable to parent company shareholders was RMB 5.49 million, compared to a loss of RMB 876.95 million in the same period last year[23] - Total comprehensive income was RMB 1.58 million, compared to a loss of RMB 1.09 billion in the same period last year[24] - Basic earnings per share were RMB 0.01, compared to a loss of RMB 1.02 per share in the same period last year[24] - Revenue from sales of goods and services was RMB 1.60 billion, a decrease of 44.8% compared to RMB 2.90 billion in the same period last year[25] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 6.72 billion, a decrease of 3.40% compared to the end of the previous year[7] - Shareholders' equity attributable to the parent company increased by 4.93% to RMB 119.91 million compared to the end of the previous year[7] - Short-term borrowings decreased by 60.59% to 624,246,690.53 yuan as of September 30, 2024[10] - Long-term borrowings increased by 81.99% to 3,921,910,000.00 yuan as of September 30, 2024[10] - Accounts receivable financing decreased by 38.26% to 152,815,549.04 yuan as of September 30, 2024[10] - Prepayments increased by 123.19% to 106,172,514.20 yuan as of September 30, 2024[10] - The company's total assets at the end of the period are 6,720,405,450.03 RMB, down from 6,957,284,899.86 RMB at the beginning of the period[21] - The company's total liabilities at the end of the period are 6,376,639,755.37 RMB, down from 6,615,197,050.45 RMB at the beginning of the period[21] - The company's net profit attributable to the parent company is -4,012,622,734.59 RMB, slightly improved from -4,018,110,183.21 RMB at the beginning of the period[21] - The company's monetary funds at the end of the period are 408,562,687.87 RMB, down from 559,482,508.36 RMB at the beginning of the period[19] - The company's accounts receivable at the end of the period are 1,056,196,513.65 RMB, down from 1,106,539,827.83 RMB at the beginning of the period[19] Cash Flow - Operating cash flow decreased by 223.06% to -80,429,619.33 yuan in the first nine months of 2024[12] - Investment cash flow improved by 60.71% to -9,323,105.43 yuan in the first nine months of 2024[12] - Financing cash flow improved by 93.57% to -19,984,814.58 yuan in the first nine months of 2024[12] - Cash flow from operating activities was negative RMB 80.43 million, compared to positive RMB 65.36 million in the same period last year[25] - Cash flow from investing activities was negative RMB 9.32 million, compared to negative RMB 23.73 million in the same period last year[26] - Cash flow from financing activities was negative RMB 19.98 million, compared to negative RMB 310.57 million in the same period last year[26] - Cash and cash equivalents at the end of the period were RMB 316.60 million, a decrease of RMB 110.03 million from the beginning of the period[26] - Cash received from tax refunds was RMB 184,884, a decrease of 99.7% compared to RMB 60.46 million in the same period last year[25] - Cash paid for goods and services was RMB 1.23 billion, a decrease of 50.3% compared to RMB 2.47 billion in the same period last year[25] Government Subsidies and Non-Recurring Gains - The company received government subsidies of RMB 1.06 million during the third quarter, contributing to non-recurring gains[8] Delisting Risks and Legal Issues - The company is facing potential delisting risks due to negative net assets at the end of 2022, with ongoing efforts to address this issue[3] - The company is involved in 108 small shareholder lawsuits with a total claimed amount of RMB 13.81 million[5] - The company's net assets were negative as of December 31, 2022, leading to a delisting risk warning[15] - The company received 108 small shareholder litigation claims totaling RMB 13.81 million[16] - The company also received 65 small shareholder claims directly from lawyers, involving RMB 13.32 million[16] - The company has applied to the Shenzhen Stock Exchange to remove the delisting risk warning and other risk warnings[16] - The company received an inquiry letter from the Shenzhen Stock Exchange regarding its 2023 annual report on May 14, 2024[16] - The company is actively coordinating responses to the inquiry letter and aims to complete the response as soon as possible[16] Yumen CSP Project - The Yumen CSP project is still under construction and has not yet reached commercial operation standards, with potential risks to project profitability[6] - The company has applied for electricity price subsidies for the Yumen project, with a critical threshold of RMB 1.15 per kWh for project viability[6] - The Yumen CSP project is still in the performance debugging phase and has not yet been officially put into operation, with technical challenges and uncertainties remaining[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 35,545[13] - Shanghai Electric Holding Group Co., Ltd. holds 15.42% of the shares, totaling 132,458,814 shares[13] - Chen Yuzhong, an individual shareholder, holds 15.29% of the shares, totaling 131,290,074 shares, with 130,000,000 shares pledged[13] - Yantai Hongqiao Private Equity Fund Management Co., Ltd. holds 5,907,200 shares through a margin trading account[14] Subsidiary Disposal - The company disposed of its subsidiary Zhongji Electric in 2023, leading to significant changes in financial metrics for 2024[11]