LDXC(SH:603937)2024-10-28 08:41Financial Performance - The company's operating revenue for Q3 2024 was ¥418,593,087.86, representing a year-on-year increase of 6.44%[2] - The net profit attributable to shareholders for the same period was -¥13,355,995.05, with a year-to-date net profit of -¥3,417,008.81, indicating a decline[2] - The diluted earnings per share for Q3 2024 was -¥0.05, a decrease of 92.59% compared to the previous year[3] - Total operating revenue for the first three quarters of 2024 was CNY 1,118,106,328.88, a decrease of 2.8% compared to CNY 1,144,275,189.44 in the same period of 2023[18] - Net profit attributable to shareholders of the parent company was CNY -3,417,008.81, compared to a profit of CNY 55,987,143.08 in the previous year, indicating a significant decline[19] - The basic earnings per share for the current period was CNY -0.02, compared to CNY 0.27 in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,572,918,037.33, down 1.64% from the previous year[3] - The total assets as of September 30, 2024, amounted to approximately 2.57 billion RMB, a slight decrease from 2.62 billion RMB at the end of 2023[15] - The company's short-term borrowings and other current liabilities decreased to approximately 569.15 million RMB from 632.62 million RMB, a reduction of about 10%[16] - The total assets and equity amounted to CNY 2,572,918,037.33 and CNY 1,618,356,742.91 respectively, showing a slight decrease from the previous year[19] Cash Flow - The company reported a cash flow from operating activities of -¥107,854,627.98 year-to-date, indicating negative cash flow[2] - Cash flow from operating activities increased to CNY 908,994,467.32, compared to CNY 773,441,543.79 in the previous year, reflecting a growth of 17.5%[21] - The net cash flow from operating activities was -107,854,627.98, a decrease from 55,126,240.05 in the previous year, indicating a significant decline in operational performance[22] - Cash outflow from operating activities totaled 1,016,849,095.30, compared to 718,315,303.74 in the same period last year, reflecting an increase of approximately 41.6%[22] - The net cash flow from investing activities was 123,319,947.86, a turnaround from -696,762.09 in the previous year, showing improved investment performance[22] - Cash inflow from investing activities was 650,826,613.84, down from 775,455,331.91 year-over-year, representing a decrease of about 16.1%[22] - Cash outflow from financing activities was 20,775,894.82, a reduction from 62,554,269.14 in the previous year, indicating a decrease of approximately 66.8%[22] - The ending balance of cash and cash equivalents was 152,045,064.71, down from 188,939,357.49 at the end of the previous year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,490[7] - Major shareholder Cai Zhenguo holds 56.84% of the shares, totaling 118,732,618 shares[7] Operational Insights - The company experienced a decline in net profit due to asset impairment losses and decreased sales in the processing business segment[6] - The company is in the early stages of production at its Anhui subsidiary, which is currently operating at a loss[6] - The company achieved a sales revenue of 345 million RMB from the Anhui project in the first three quarters of 2024[12] - The company has successfully relocated its production facilities to a new site, ensuring continuity in operations[13] - The company plans to enhance its core competitiveness through the new energy battery project, which is expected to produce 86,000 tons of new materials annually[12] Expenses - Total operating costs increased to CNY 1,110,286,747.47, up 3.5% from CNY 1,075,503,561.30 year-over-year[18] - Research and development expenses rose to CNY 25,737,180.43, an increase of 39% from CNY 18,533,720.36 in the same period last year[18] - The company reported a financial expense of CNY 3,179,299.77, a significant change from a financial income of CNY -6,106,619.98 in the previous year[18] - The company reported a total payment to employees of 60,696,877.33, an increase from 45,773,045.16 in the previous year, reflecting a rise of about 32.7%[22] - The total tax payments amounted to 33,982,737.91, slightly up from 32,948,954.42, indicating a marginal increase of approximately 3.1%[22] Impairment and Risks - The company experienced a credit impairment loss of CNY -23,507,046.06, compared to CNY -2,879,687.74 in the previous year, indicating increased credit risk[19] - The company's net profit for the period is not explicitly stated, but the retained earnings decreased to approximately 731.64 million RMB from 755.32 million RMB, a decline of about 3.1%[16] Market Strategy - The company aims to enhance its market expansion strategies and invest in new technologies to improve future performance[19]