航天动力(600343) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥217,660,072.61, representing a 15.08% increase compared to ¥189,142,941.77 in the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥26,340,020.96, an improvement from -¥30,010,025.28 year-over-year[3]. - The basic earnings per share for Q3 2024 was -¥0.041272, slightly better than -¥0.047022 in the same quarter last year[3]. - The net profit for Q3 2024 was -88,114,065.40 RMB, compared to -56,714,168.41 RMB in Q3 2023, representing an increase in net loss of approximately 55.5%[17]. - The total comprehensive income attributable to the parent company was -83,266,006.35 RMB in Q3 2024, compared to -57,677,585.75 RMB in Q3 2023, indicating a significant increase in loss of about 44.4%[18]. - Basic and diluted earnings per share for Q3 2024 were both -0.130469 RMB, compared to -0.090375 RMB in Q3 2023, reflecting a decline in earnings per share of approximately 44.4%[18]. Cash Flow - The net cash flow from operating activities for the period was -¥35,328,806.39, compared to -¥32,653,815.02 in the previous year[3]. - Cash inflow from operating activities for the first three quarters of 2024 was 492,066,837.04 RMB, an increase from 448,114,620.28 RMB in the same period of 2023, showing a growth of about 9.8%[19]. - The net cash flow from operating activities for the first three quarters of 2024 was -177,179,258.23 RMB, slightly improved from -179,683,730.48 RMB in the same period of 2023[19]. - Cash outflow from investing activities in Q3 2024 was 26,683,920.99 RMB, compared to 83,371,915.21 RMB in Q3 2023, indicating a reduction in cash outflow of approximately 67.9%[20]. - Cash inflow from financing activities in Q3 2024 was 167,000,000.00 RMB, down from 353,500,000.00 RMB in Q3 2023, representing a decrease of about 52.8%[20]. - The net cash flow from financing activities for Q3 2024 was -41,186,954.40 RMB, compared to 52,035,300.75 RMB in Q3 2023, indicating a shift from positive to negative cash flow[20]. - The total cash and cash equivalents at the end of Q3 2024 were 94,022,795.41 RMB, down from 281,163,993.12 RMB at the end of Q3 2023, reflecting a decrease of approximately 66.5%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,988,938,832.60, a decrease of 4.72% from the previous year[3]. - The equity attributable to shareholders decreased by 4.85% to ¥1,566,298,788.02 compared to the previous year[3]. - Current liabilities totaled ¥1,143,080,192.88, down from ¥1,210,755,543.00, indicating a decrease of 5.6%[14]. - The company’s total liabilities decreased to ¥1,387,839,156.36 from ¥1,451,722,098.79, a reduction of 4.4%[14]. - The total equity attributable to shareholders decreased to ¥1,566,298,788.02 from ¥1,646,183,607.54, reflecting a decline of 4.9%[15]. Income and Expenses - Total operating revenue for the first three quarters of 2024 reached ¥593,784,106.71, an increase of 9.1% compared to ¥544,406,223.88 in the same period of 2023[16]. - Total operating costs for the same period were ¥674,910,770.70, up from ¥596,309,775.79, reflecting a year-over-year increase of 13.1%[16]. - Research and development expenses increased to ¥31,254,783.54, compared to ¥28,121,300.88 in the previous year, marking an increase of 7.6%[16]. - The company reported a net loss of ¥329,232,666.47 in undistributed profits, worsening from a loss of ¥245,966,660.12 in the previous year[15]. - The company reported a credit impairment loss of -6,285,064.56 RMB in Q3 2024, compared to -3,221,976.97 RMB in Q3 2023, indicating an increase in credit losses of about 95.5%[17]. Other Financial Metrics - The weighted average return on net assets was -1.64158% for the current period, reflecting a slight improvement from -1.64847% in the previous year[3]. - The company reported a decrease in accounts receivable to ¥656,150,333.67 from ¥664,830,543.15, reflecting improved collection efforts[11]. - The total non-operating income and expenses amounted to ¥1,201,073.47, a decrease of ¥480,494.93 compared to the previous period[6]. - The company recognized a significant increase in other income due to an increase in VAT refunds[8]. - The company’s financial expenses decreased primarily due to reduced interest income[7]. - The company’s investment income increased due to higher net profits from joint ventures[7]. - The company’s prepayments increased to ¥66,145,671.56 from ¥43,460,239.05, indicating more upfront investments in projects[11]. - The company reported a significant increase in other receivables due to tax refunds received during the period[8]. - The company’s minority interest impact (after tax) was ¥37,616.05, a decrease of ¥304,309.13 compared to the previous period[6]. - The company is undergoing adjustments related to accounting errors, impacting various financial statement items, with a cumulative effect of -¥9,080,633.27 on retained earnings[4].