丰林集团(601996) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥545,905,817.61, a decrease of 19.22% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥31,878,901.09, representing a decline of 173.60% year-on-year[2]. - Basic earnings per share for Q3 2024 were -¥0.028, down 171.79% from the previous year[3]. - The net profit for the third quarter of 2024 was a loss of CNY 24,915,318.75, compared to a profit of CNY 78,812,712.27 in the same quarter of 2023[22]. - The total comprehensive income for the period was -24,754,405.43 CNY, compared to 79,304,696.96 CNY in the same period last year[25]. - The company's total assets decreased to CNY 3,449,899,822.23 in 2024 from CNY 3,734,196,623.47 in 2023, a decline of 7.6%[20]. - The total equity attributable to shareholders decreased to CNY 2,704,111,494.56 in 2024 from CNY 2,863,319,002.50 in 2023, a decrease of 5.6%[20]. - The company's other income decreased to CNY 21,799,660.22 in 2024 from CNY 36,687,412.72 in 2023, a decrease of 40.5%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥251,091,629.11, a decrease of 197.31% compared to the same period last year[2]. - Cash inflow from operating activities totaled 1,404,307,850.49 CNY, while cash outflow was 1,655,399,479.60 CNY[27]. - The net cash flow from investing activities was -38,576,612.68 CNY, compared to -20,337,055.95 CNY in the same period last year[28]. - Cash inflow from financing activities was 365,000,000.00 CNY, an increase from 270,000,000.00 CNY in the previous year[28]. - The ending balance of cash and cash equivalents was 314,335,479.74 CNY, down from 580,596,446.48 CNY in the previous year[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,449,899,822.23, a decrease of 7.61% from the end of the previous year[3]. - Current assets totaled RMB 1,579,305,112.50, down from RMB 1,761,472,762.04, indicating a decrease of about 10.34%[17]. - Non-current assets totaled RMB 1,870,594,709.73, down from RMB 1,972,723,861.43, indicating a decrease of about 5.19%[17]. - The total liabilities decreased to CNY 741,404,404.83 in 2024 from CNY 866,437,070.72 in 2023, a decline of 14.4%[20]. - The company reported a significant increase in expected liabilities to CNY 10,167,230.94 in 2024 from CNY 2,885,908.17 in 2023, an increase of 252.5%[20]. Operational Highlights - The company experienced a significant decline in sales volume and prices in its man-made board business due to intense market competition, impacting profitability[9]. - The company has implemented a VAT refund policy for products made from wood chips, which is expected to continue in the foreseeable future[8]. - The company has no significant new product launches or technological developments reported in the current quarter[13]. - There are no updates on market expansion or mergers and acquisitions during this reporting period[13]. - The company has not disclosed any new strategic initiatives in the current quarter[13]. Revenue and Costs - Total revenue for the first three quarters of 2024 was CNY 1,512,531,558.29, a decrease of 14.4% compared to CNY 1,768,345,133.13 in the same period of 2023[21]. - Total operating costs for the first three quarters of 2024 were CNY 1,556,684,010.45, down from CNY 1,720,412,573.89 in 2023, reflecting a reduction of 9.5%[21]. - Research and development expenses decreased significantly to CNY 18,339,266.89 in 2024 from CNY 34,440,320.82 in 2023, a reduction of 46.7%[21]. - The company reported a decrease in tax refunds received, totaling 13,404,301.71 CNY compared to 32,590,397.95 CNY in the previous year[27].