TIANMA TECH(SH:603668)2024-10-28 10:02Financial Performance - The company's operating revenue for Q3 2024 was ¥1,489,373,074.84, a decrease of 24.12% compared to the same period last year[2]. - The net profit attributable to shareholders for the same period was ¥13,348,968.01, with a year-to-date net profit of ¥69,418,312.71[2]. - Total operating revenue for the first three quarters of 2024 was CNY 4,498,630,296.46, a decrease of 15.1% compared to CNY 5,299,386,377.61 in the same period of 2023[23]. - Operating profit for the first three quarters of 2024 was CNY 102,834,146.78, compared to a loss of CNY 39,024,161.08 in the same period of 2023[23]. - Net profit for the first three quarters of 2024 was CNY 101,340,982.51, recovering from a loss of CNY 48,056,503.37 in 2023[23]. - The net profit for Q3 2024 was CNY 88.71 million, a significant recovery from a net loss of CNY 56.83 million in the same period last year, representing a turnaround of over 156%[24]. - The net profit attributable to shareholders of the parent company was CNY 69.42 million, compared to a loss of CNY 86.01 million in Q3 2023, marking an improvement of approximately 180%[24]. - The total comprehensive income for Q3 2024 was CNY 88.71 million, compared to a loss of CNY 57.91 million in Q3 2023[24]. - The basic earnings per share for Q3 2024 was CNY 0.14, recovering from a loss of CNY 0.20 per share in the same quarter last year[24]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period increased by 106.01% to ¥11,114,696.08[2]. - The net cash flow from operating activities increased by 106.01% year-to-date, mainly due to a decrease in cash paid for purchasing goods and services[9]. - Operating cash inflow for the first three quarters of 2024 was CNY 4.25 billion, down 17.3% from CNY 5.14 billion in the same period of 2023[26]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 11.11 million, a decrease of 79.6% compared to CNY 5.40 million in the previous year[26]. - Cash and cash equivalents decreased by 33.52% at the end of the reporting period due to payments for goods and investments in fundraising projects[8]. - Cash and cash equivalents at the end of Q3 2024 were CNY 294.85 million, a decrease from CNY 262.70 million at the end of Q3 2023[34]. - The company reported a total cash inflow from financing activities of CNY 2.27 billion, slightly down from CNY 2.31 billion in the same period last year[34]. - The net cash flow from financing activities was CNY 10.49 million, a significant decrease from CNY 447.11 million in Q3 2023[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,913,699,566.25, a decrease of 1.78% from the end of the previous year[3]. - Total liabilities as of the end of Q3 2024 were CNY 6,216,426,863.98, down from CNY 6,425,239,383.77 in the previous year[21]. - Current assets totaled CNY 4,156,356,285.19, a decrease from CNY 4,413,853,181.32 in Q3 2023[20]. - The company reported a decrease in accounts payable to CNY 795,735,281.32 from CNY 1,029,128,859.95 in the previous year[20]. - Total assets as of the end of Q3 2024 were CNY 8,913,699,566.25, a decrease from CNY 9,075,190,905.74 at the end of Q3 2023[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,930[10]. - The largest shareholder, Chen Qingtang, holds 19.09% of the shares, with 57 million shares pledged[10]. - The company reported a total of 502,335,741 shares outstanding, all of which are freely tradable[13]. - The proportion of shares held by the top ten shareholders accounted for 4.54% of the total share capital[12]. - The company has not reported any changes in the top ten shareholders due to securities lending activities[12]. Government Subsidies and Non-Recurring Items - The government subsidies recognized in the current period amounted to ¥3,396,731.96, which will have a sustained impact on the company's profits[6]. - Non-recurring gains and losses for the current period totaled -¥750,460.55, with significant impacts from various non-operating activities[5]. - The company reported a year-to-date net profit excluding non-recurring items of ¥69,001,076.30[2]. Inventory and Receivables - Accounts receivable increased by 45.13% at the end of the reporting period, attributed to the peak sales season[8]. - Accounts receivable increased significantly to RMB 614.09 million, up from RMB 423.14 million, marking a growth of about 45.1%[18]. - Inventory decreased slightly to RMB 2.88 billion from RMB 2.98 billion, reflecting a reduction of approximately 3.1%[18]. - Other non-current assets increased by 47.34% at the end of the reporting period due to an increase in prepaid housing and equipment payments[8]. Share Issuance and Management Plans - The company plans to issue 20,533,880 shares to specific investors, with the lock-up period expiring on July 12, 2024[13]. - The controlling shareholder and management intend to increase their holdings in the company, with a planned investment range of RMB 25 million to RMB 50 million over the next 12 months[14]. - A stock option incentive plan was approved, granting 10.12 million stock options at an exercise price of RMB 13.60 per share[17]. Return on Assets - The weighted average return on net assets increased by 3.48 percentage points to 0.59% compared to the end of the previous year[3].