SACRED SUN(002580)2024-10-28 08:11Financial Performance - Revenue for Q3 2024 reached ¥820,991,426.68, an increase of 3.13% year-over-year[2] - Net profit attributable to shareholders was ¥51,306,668.92, a decrease of 8.44% compared to the same period last year[2] - Net profit excluding non-recurring items was ¥42,659,394.30, down 15.87% year-over-year[2] - Total operating revenue for the third quarter reached CNY 2,254,166,095.69, a slight increase from CNY 2,250,152,327.22 in the previous year, reflecting a growth of approximately 0.18%[13] - Net profit attributable to the parent company was CNY 733,777,066.03, up from CNY 616,845,917.26, representing a growth of approximately 18.94%[12] - The net profit for Q3 2024 was CNY 149,467,556.04, a decrease of 9.7% compared to CNY 165,499,414.55 in Q3 2023[14] - The total revenue from operating activities was CNY 1,989,088,723.67, down from CNY 2,021,680,969.59 in the same period last year, reflecting a decline of 1.6%[15] - The company reported a total comprehensive income of CNY 169,315,956.68 for Q3 2024, slightly up from CNY 165,449,674.02 in Q3 2023[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,538,345,318.71, reflecting a 10.90% increase from the end of the previous year[2] - Total assets increased to CNY 3,538,345,318.71 from CNY 3,190,453,570.15, marking a growth of about 10.90%[12] - Total liabilities rose to CNY 1,249,765,496.40, compared to CNY 1,021,825,483.62, reflecting an increase of approximately 22.29%[12] - The total current assets at the end of the period are approximately RMB 2.25 billion, compared to RMB 2.00 billion at the beginning, showing a growth of 12.34%[10] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥2,156,741,036.11, up 6.77% from the previous year[2] - The company's total equity attributable to shareholders increased to CNY 2,156,741,036.11 from CNY 2,019,961,486.70, representing a growth of about 6.77%[12] - The total number of common shareholders at the end of the reporting period is 46,122[8] - The largest shareholder, Shandong Guohui Investment Holdings Group Co., Ltd., holds 23.08% of the shares[8] Cash Flow and Expenses - Cash flow from operating activities showed a net outflow of ¥55,906,413.81, a significant improvement of 74.79% year-over-year[2] - The cash flow from operating activities showed a net outflow of CNY 55,906,413.81, an improvement compared to a net outflow of CNY 221,773,780.75 in the previous year[15] - The company's cash and cash equivalents at the end of the period amount to approximately RMB 510.76 million, an increase from RMB 495.93 million at the beginning of the period, representing a growth of 2.68%[10] - The company's cash and cash equivalents decreased to CNY 40,897,725.30 from CNY 37,051,886.72, showing a decline of about 7.66%[12] - The cash inflow from financing activities was CNY 185,895,471.97, compared to CNY 226,669,583.68 in the same period last year, indicating a decrease of 18%[16] - The company's operating cash flow outflow totaled CNY 2,072,665,402.61, down from CNY 2,280,505,668.96 in the previous year, showing a reduction of 9.1%[15] Investments and Future Outlook - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[10] - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] Operational Efficiency - The company is focusing on improving operational efficiency and exploring new strategies to increase shareholder value[10] - Research and development expenses for the quarter were CNY 60,216,261.06, down from CNY 68,031,938.14, indicating a decrease of approximately 11.80%[13] Other Financial Metrics - The weighted average return on equity decreased to 2.40%, down 0.40 percentage points from the previous year[2] - Government subsidies recognized in the current period amounted to ¥5,321,229.42, contributing to non-recurring gains[3] - The company reported a significant reduction in contract liabilities from CNY 62,437,205.51 to CNY 35,058,447.42, a decrease of approximately 43.93%[12] - The company recorded a tax expense of CNY 22,166,903.73, which is an increase of 50% compared to CNY 14,781,847.38 in Q3 2023[14] - The other comprehensive income after tax amounted to CNY 19,848,400.64, a significant recovery from a loss of CNY 49,740.53 in the previous year[14] - The financial expenses for the period were reported at ¥118.05, a drastic change of -116.95% due to reduced exchange rate gains[6] Accounts Receivable and Inventory - Accounts receivable increased to approximately RMB 1.09 billion from RMB 833.40 million, reflecting a growth of 30.39%[10] - Inventory decreased slightly to approximately RMB 480.42 million from RMB 485.69 million, a decline of 1.54%[10] - Non-current assets include long-term equity investments of approximately RMB 130.38 million, up from RMB 2.88 million, indicating a significant increase[10] - The company reported a significant increase in long-term equity investments, which rose by 4,431.46% to ¥13,038.36[5]