泰和新材(002254) - 2024 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2024 was CNY 970,817,826.07, representing a slight increase of 0.20% year-over-year[35]. - Net profit attributable to shareholders decreased by 47.01% year-over-year to CNY 33,608,245.13[35]. - The net profit after deducting non-recurring gains and losses fell by 66.77% year-over-year to CNY 14,812,927.82[35]. - The company experienced a 68.38% decline in operating profit year-over-year, attributed to a decrease in product prices[22]. - The net profit for the third quarter of 2024 was CNY 96,478,546.63, a decrease of 70.4% compared to CNY 325,169,915.30 in the same period last year[67]. - The total revenue from operating activities was CNY 2,520,607,105.15, down from CNY 2,901,920,677.37, reflecting a decline of 13.1% year-over-year[70]. - The basic and diluted earnings per share were both CNY 0.17, down from CNY 0.34 in the previous year[68]. Cash Flow and Investments - Cash flow from operating activities decreased by 87.13% year-to-date, totaling CNY 32,552,614.93[35]. - Cash recovered from investments increased by 47.78% year-on-year, mainly due to an increase in maturing structured deposits[48]. - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets increased by 857.27% year-on-year, primarily due to government relocation payments received[49]. - Cash paid for financing activities increased by 409.11% year-on-year, mainly due to increased stock repurchase payments and the acquisition of minority shareholder equity in Ningxia Taihe Aromatic Fiber Co., Ltd.[50]. - The company reported a net cash outflow from investing activities of ¥861,660,028.28, an improvement from a net outflow of ¥1,528,834,163.80 in the previous year[93]. - The net cash inflow from financing activities was ¥291,374,431.31, a decrease from ¥2,957,607,243.06 year-over-year[93]. Assets and Liabilities - Total assets increased by 7.91% compared to the end of the previous year, reaching CNY 14,697,855,316.55[35]. - Total liabilities increased to approximately 6.82 billion yuan, up from approximately 5.55 billion yuan in the previous year, indicating a rise in financial obligations[63]. - The total liabilities and equity rose to CNY 14,697,855,316.55, compared to CNY 13,620,516,414.53, indicating an increase of 7.9%[66]. - The company’s non-current assets totaled ¥9,073,385,933.05, up from ¥8,035,123,868.78, indicating an increase of about 12.9%[83]. - Deferred tax assets increased to ¥70,606,148.36 from ¥28,120,194.41, representing a growth of approximately 150%[83]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 39,441, with the largest shareholder holding 18.42% of the shares[51]. - The company plans to repurchase shares with a total amount not less than CNY 50 million and not exceeding CNY 100 million to enhance shareholder value[78]. - The total equity attributable to shareholders of the parent company decreased to CNY 7,064,771,289.32 from CNY 7,251,653,182.30, a decline of 2.6%[66]. Expenses and Impairments - The company’s financial expenses increased by 76.25% year-over-year, mainly due to rising interest expenses and reduced interest income[42]. - Research and development expenses increased to CNY 161,675,453.06, up 6.9% from CNY 151,211,482.15 in the previous year[67]. - The company recognized a total impairment loss of 40.68 million yuan, including credit impairment losses of 17.62 million yuan and asset impairment losses of 23.06 million yuan[57]. - Income tax expenses decreased by 56.30% year-on-year, primarily due to a reduction in total profit for the year[45]. - Tax refunds received decreased by 75.65% compared to the same period last year, mainly due to a reduction in VAT refunds and export tax rebates[46]. Inventory and Receivables - Accounts receivable rose by 94.43% compared to the beginning of the year, mainly due to an increase in receivables not yet settled[13]. - Inventory at the end of the reporting period was approximately 1.57 billion yuan, compared to approximately 1.21 billion yuan in the previous year, reflecting an increase in inventory levels[60]. - Accounts receivable rose to ¥704,337,674.77 from ¥362,249,372.86, reflecting an increase of approximately 94.5%[83].