LYPM(002501)2024-10-27 07:38Financial Performance - The company's operating revenue for Q3 2024 was ¥53,974,169.73, a decrease of 56.42% compared to the same period last year[2] - The net profit attributable to shareholders was -¥41,614,087.45, reflecting a decline of 14.09% year-over-year[2] - The net cash flow from operating activities was -¥210,245,177.44, which is an improvement of 36.22% compared to the previous year[5] - Total operating revenue for Q3 2024 was CNY 237,292,247.75, a decrease of 36.5% compared to CNY 373,764,070.98 in the same period last year[13] - The company's net loss increased to CNY -7,492,521,348.30 from CNY -7,375,926,982.66, indicating a worsening of the financial position[13] - The net profit for Q3 2024 was -116,724,832.43, compared to -116,271,828.68 in Q3 2023, indicating a slight increase in losses[14] - Operating profit for Q3 2024 was -112,010,873.89, compared to -107,355,513.51 in the same period last year, reflecting a worsening operational performance[14] - Total revenue from sales in Q3 2024 was 86,773,710.95, down from 156,675,390.96 in Q3 2023, representing a decline of approximately 44.5%[16] - The total comprehensive income for Q3 2024 was -116,724,832.43, compared to -116,271,828.68 in Q3 2023, indicating a consistent loss trend[15] - Basic and diluted earnings per share remained at -0.03 for both Q3 2024 and Q3 2023, showing no improvement in profitability[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,464,339,679.66, down 12.44% from the end of the previous year[2] - The total assets decreased to CNY 1,464,339,679.66 from CNY 1,672,313,697.18, indicating a decline of approximately 12.5%[12] - The total liabilities decreased to CNY 506,968,822.28 from CNY 598,630,927.67, a reduction of about 15.3%[13] - Non-current assets totaled CNY 1,186,554,448.34, down from CNY 1,236,508,316.19, a decrease of approximately 4.0%[12] Shareholder Information - As of September 30, 2024, the total number of common shareholders is 63,840, with the top 10 shareholders holding a combined 36.77% of the shares[6] - The largest shareholder, Beiyou Intelligent Technology (Shenzhen) Co., Ltd., holds 22.54% of the shares, totaling 800,000,000 shares[6] - The company has repurchased a total of 5,324,100 shares, representing 0.15% of the total share capital as of September 30, 2024[8] - The chairman plans to increase his shareholding by at least RMB 10 million within six months, reflecting confidence in the company's future[9] - The company has not reported any changes in the top 10 shareholders due to margin trading activities[6] - The company has not issued any preferred shares during this reporting period[7] Cash Flow - Cash and cash equivalents decreased from RMB 125,473,643.95 at the beginning of the period to RMB 7,306,063.29 at the end of the period[11] - The company reported a cash and cash equivalents balance of 7,306,063.29 at the end of Q3 2024, down from 66,264,130.10 at the end of Q3 2023[17] - The company experienced a 79% decrease in net cash flow from financing activities, totaling ¥57,710,962.22, attributed to reduced bill discounting and debt repayment[5] - The company’s total cash flow from financing activities in Q3 2024 was 57,710,962.22, a decrease from 271,047,939.71 in Q3 2023, indicating reduced financing activity[17] Expenses and Investments - Research and development expenses decreased by 50% to ¥5,063,091.74, indicating reduced investment in R&D[4] - Financial expenses dropped significantly to 5,614,300.54 in Q3 2024 from 13,881,509.18 in Q3 2023, a decrease of approximately 59.5%[14] - The net cash flow from investment activities increased by 479% to ¥34,366,634.50, primarily due to asset handling and prepayments[5] Operational Changes - The company is focusing on reducing costs and improving operational efficiency in response to declining revenues[13] - The company established a joint venture, Jilin Liyuan Huaxiang Alloy Lightweight Technology Co., Ltd., with a registered capital of RMB 50 million, where the company holds 51%[10] - The company has not disclosed any significant changes or updates in operations[18] Reporting and Future Outlook - The third quarter report of Jilin Liyuan Precision Co., Ltd. is unaudited[18] - The report was released on October 25, 2024[18] - Future outlook and performance guidance details were not included in the report[18] - Information regarding new product and technology development was not mentioned[18] - Market expansion and acquisition strategies were not discussed in the report[18] - Other new strategies were not outlined in the document[18] - The document does not provide any numerical data or percentage figures[18] - The report lacks detailed insights into financial performance or market trends[18]