Polyrocks(SH:688669)2024-10-28 09:12Financial Performance - The company's operating revenue for Q3 2024 was ¥994,643,328.12, a decrease of 14.25% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was a loss of ¥10,965,307.93, representing a decline of 187.50% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of ¥12,032,914.27, down 192.45% from the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.09, a decrease of 187.14% compared to the same period last year[3] - The weighted average return on equity was -0.71%, a decrease of 1.51 percentage points year-over-year[3] - Net profit for the first three quarters of 2024 was a loss of CNY 5,084,136.03, compared to a profit of CNY 60,976,179.36 in the same period of 2023[16] - Total comprehensive income for the period was -3,280,210.25 RMB, compared to 62,307,386.97 RMB in the same period last year[17] - Basic and diluted earnings per share were both -0.08 RMB, down from 0.37 RMB in the previous year[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,315,238,729.47, an increase of 8.60% compared to the end of the previous year[3] - As of September 30, 2024, the total current assets amounted to CNY 2,623,323,695.74, an increase from CNY 2,499,704,539.19 at the end of 2023, reflecting a growth of approximately 4.94%[11] - The company's long-term equity investments increased to CNY 36,276,455.80 from CNY 30,896,209.11, marking a growth of approximately 17.83%[12] - Total assets increased to CNY 5,315,238,729.47, compared to CNY 4,894,402,986.96 at the end of the previous year[14] - Total liabilities rose to CNY 3,595,955,154.34, up from CNY 3,138,926,179.71 year-on-year[14] - The company’s total equity decreased to CNY 1,719,283,575.13 from CNY 1,755,476,807.25 in the previous year[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥164,801,030.17, down 41.55% compared to the same period last year[2] - Cash inflow from operating activities totaled 3,529,422,200.79 RMB, an increase from 2,987,520,951.90 RMB year-over-year[18] - Net cash flow from operating activities was 164,801,030.17 RMB, down from 281,950,389.10 RMB in the previous year[18] - Cash inflow from financing activities was 1,671,539,866.31 RMB, compared to 1,379,651,324.43 RMB in the same period last year[19] - Net cash flow from financing activities was 198,627,488.86 RMB, up from 171,661,174.22 RMB year-over-year[19] - The company reported a net increase in cash and cash equivalents of -12,400,925.26 RMB, compared to -103,512,360.48 RMB in the previous year[19] Research and Development - Research and development expenses for Q3 2024 amounted to ¥33,026,811.15, a decrease of 1.58% year-over-year, representing 3.32% of operating revenue[3] - Research and development expenses amounted to CNY 95,908,291.01, reflecting an increase from CNY 90,792,996.36 in the previous year[16] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[10] Market Conditions - The company faced challenges due to weak market demand and declining gross margins, leading to increased personnel and financing costs[7] - Total operating costs increased to CNY 3,228,209,934.30, up 7.65% from CNY 2,999,640,791.39 year-on-year[15] - The company reported a significant increase in sales expenses to CNY 51,945,927.97, compared to CNY 40,001,098.12 in the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,181, with the largest shareholder holding 39.43% of the shares[8] - The company reported a total of 47,840,000 shares held by its largest shareholder, Guangzhou Shipanshi Investment Management Co., Ltd.[10] - The company has not engaged in any share lending or borrowing activities during the reporting period[10] - The company’s total liabilities and equity structure remains stable with no significant changes reported in the shareholder composition[10]