OXGF(SZ:300082)2024-10-27 07:38Revenue and Profitability - Revenue for Q3 2024 reached ¥1,173,879,128.25, an increase of 23.66% compared to the same period last year[2] - Net profit attributable to shareholders was -¥32,738,208.90, a decrease of 24.86% year-on-year[2] - Net profit excluding non-recurring items was -¥35,202,184.09, a decrease of 23.79% compared to the previous year[2] - The net profit for Q3 2024 was -129,026,308.71 CNY, compared to -184,708,982.14 CNY in Q3 2023, showing an improvement of approximately 30% year-over-year[16] - Operating profit for Q3 2024 was -146,081,613.56 CNY, an improvement from -190,729,778.34 CNY in the same period last year[16] - The company reported a net profit margin improvement, with net profit for the period showing resilience despite the challenges faced[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,399,816,670.75, down 2.11% from the end of the previous year[2] - Shareholders' equity attributable to the parent company decreased to ¥2,800,925,475.80, a decline of 4.72% year-on-year[2] - The company experienced a significant increase in other receivables, up 458.89% year-to-date, mainly due to a deposit related to a terminated investment project[5] - The total current assets increased to ¥2,120,664,617.65 from ¥1,895,348,180.84, showing a growth of about 11.9%[12] - The total liabilities of the company increased to CNY 2,374,769,972.37 from CNY 2,340,197,662.90, reflecting an increase of approximately 1.5%[14] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of -¥578,356,777.15, a significant decrease of 1,907.79% compared to the previous year[2] - Cash and cash equivalents decreased to ¥286,246,172.62 from ¥427,554,324.43 at the beginning of the period, indicating a decline of approximately 33%[12] - The company generated 3,004,833,571.10 CNY in cash from sales of goods and services in Q3 2024, compared to 2,883,198,850.96 CNY in Q3 2023[18] - Investment activities generated a net cash inflow of 259,140,991.31 CNY in Q3 2024, compared to 182,604,347.61 CNY in Q3 2023[19] - Financing activities resulted in a net cash inflow of 122,822,708.49 CNY in Q3 2024, compared to 48,490,777.66 CNY in Q3 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,904, with the largest shareholder, Aoke Holdings Group, holding 52.89% of shares, totaling 359,698,573 shares[8] - The top ten shareholders do not have any related party relationships, ensuring independent ownership structures[9] - The company has no changes in the number of restricted shares for key management personnel, maintaining the same number of shares locked up[10] Operational Highlights - Total operating revenue for the third quarter reached CNY 3,009,996,964.65, a slight increase from CNY 2,989,346,836.92 in the previous year, reflecting a growth of approximately 0.4%[15] - Total operating costs decreased to CNY 3,162,826,694.58 from CNY 3,200,995,390.52, indicating a reduction of about 1.2%[15] - Research and development expenses were CNY 32,339,258.19, down from CNY 40,600,898.81, representing a decrease of approximately 20.4%[15] - The company has not reported any new product developments or market expansions in this quarter[11] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[15] - The company has terminated its investment cooperation project with Sinopec regarding Tianjin Polyether New Materials Co., Ltd., with a memorandum signed on August 5, 2024[11]