Jiangsu Zhongshe (002883)2024-10-28 08:25Financial Performance - The company's operating revenue for Q3 2024 was ¥133,281,982.48, a decrease of 27.66% compared to the same period last year[3]. - Total operating revenue for Q3 2024 was CNY 443,048,944.14, a decrease of 16.3% from CNY 529,494,073.39 in Q3 2023[12]. - Net profit for Q3 2024 was CNY 19,552,279.56, a decline of 50.5% compared to CNY 39,418,610.04 in Q3 2023[13]. - The net profit attributable to shareholders was ¥318,173.90, down 96.62% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥246,025.47, a decrease of 102.89%[3]. - Basic earnings per share for Q3 2024 was CNY 0.12, down from CNY 0.21 in the same period last year[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥94,220,651.20, reflecting a significant decline of 458.77% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of CNY 94,220,651.20, compared to a net inflow of CNY 26,261,880.31 in Q3 2023[15]. - The company reported a net cash flow from investment activities of CNY -1,064,014.91, an improvement from CNY -14,147,322.63 in the same quarter last year[15]. - The net increase in cash and cash equivalents was -¥96,139,892.76, worsening from -¥25,205,988.84 year-over-year[16]. - The ending balance of cash and cash equivalents was ¥109,465,124.47, down from ¥155,739,218.34, reflecting a 30% decrease[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,185,523,384.61, a decrease of 10.11% from the end of the previous year[3]. - The company's current assets decreased to CNY 995,411,362.80 from CNY 1,119,526,139.36, representing a reduction of about 11.1%[10]. - The total liabilities decreased to CNY 406,809,850.71 from CNY 543,799,246.70, indicating a decline of approximately 25.2%[11]. - The cash and cash equivalents dropped significantly from CNY 207,894,825.26 to CNY 115,402,895.51, a decrease of around 44.5%[9]. - The company reported a 246.87% increase in notes receivable compared to the beginning of the year, attributed to an increase in bank acceptance bills received[6]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,218, with the top ten shareholders holding a significant portion of shares[7]. - The company's equity attributable to shareholders rose to CNY 686,827,477.48 from CNY 677,775,025.48, reflecting an increase of approximately 1.5%[11]. Expenses - Management expenses increased to CNY 89,229,930.29, up from CNY 72,533,110.49 in Q3 2023[12]. - Research and development expenses decreased to CNY 22,421,557.60, down from CNY 28,386,559.45 in the previous year[12]. - The company experienced a 69.99% decrease in payable employee compensation compared to the beginning of the year, mainly due to the payout of last year's year-end bonuses[6]. Other Financial Metrics - The company's weighted average return on equity was 0.06%, down 1.32% from the previous year, indicating a decline of 2.14 percentage points[3]. - Investment income for the year-to-date decreased by 170.88% compared to the same period last year, primarily due to a decline in earnings from a subsidiary[6]. - The company recorded a government subsidy of ¥269,606.49 for the current period, contributing to its non-operating income[4]. - The company has not yet adopted the new accounting standards for the current fiscal year[16]. - The third quarter report has not been audited[16].