TYGF(SH:600506)2024-10-28 10:18Financial Performance - The company's operating revenue for Q3 2024 was ¥559,792,716.27, representing a year-over-year increase of 0.67%[1] - The net profit attributable to shareholders for the same period was ¥3,973,536.59, with a year-to-date net profit of ¥26,639,691.52[1] - Total operating revenue for the first three quarters of 2024 reached ¥1,828,696,965.46, a 3.5% increase from ¥1,773,655,742.93 in the same period of 2023[11] - Net profit for the first three quarters of 2024 was ¥26,639,691.52, compared to a net loss of ¥28,524,349.88 in the first three quarters of 2023[12] - The total profit for the first three quarters of 2024 was ¥38,080,741.68, compared to a loss of ¥25,224,650.30 in the same period of 2023[11] - Basic earnings per share for the first three quarters of 2024 were ¥0.1387, recovering from a loss of ¥0.1485 per share in the same period of 2023[12] Cash Flow and Expenses - The net cash flow from operating activities for Q3 2024 was ¥140,625,009.52, showing a decrease of 2.87% compared to the previous year[1] - Cash flow from operating activities generated a net amount of ¥301,001,657.81, compared to ¥253,044,389.21 in the same period last year, reflecting a 19% increase[13] - The company incurred interest expenses of ¥48,369,427.33, a decrease from ¥57,690,951.58 in the previous year, indicating improved cost management[11] - The company has seen a reduction in interest expenses due to the repayment of acquisition loans, contributing to improved profitability[6] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,094,619,712.55, reflecting a decrease of 1.41% from the end of the previous year[2] - As of September 30, 2024, the company's total assets amounted to CNY 2,094,619,712.55, a decrease from CNY 2,124,589,876.92 at the end of 2023, reflecting a decline of approximately 1.4%[9] - The company's current assets increased to CNY 768,320,634.48 from CNY 752,486,159.49, representing a growth of about 2.3%[9] - Total liabilities decreased to CNY 1,666,454,065.80 from CNY 1,723,063,921.69, a reduction of approximately 3.3%[10] - The company's short-term borrowings increased to CNY 443,018,520.96 from CNY 337,688,523.46, reflecting an increase of about 31.1%[10] - The company's equity attributable to shareholders increased to CNY 428,165,646.75 from CNY 401,525,955.23, representing a growth of about 6.6%[10] Inventory and Receivables - Accounts receivable rose to CNY 324,653,709.04, up from CNY 150,153,684.07, indicating a substantial increase of about 116.0%[9] - Inventory decreased from CNY 154,480,827.07 to CNY 120,830,837.00, a decline of approximately 21.8%[9] - The company reported a significant increase in accounts payable, rising to CNY 187,311,280.70 from CNY 133,659,403.66, an increase of about 40.1%[10] Research and Development - Research and development expenses increased significantly to ¥32,060,072.39, up from ¥12,651,850.27 in the previous year, marking a 153.5% increase[11] Profitability Metrics - The return on equity (ROE) for Q3 2024 was 0.93%, down from 6.42% at the end of the previous year[2] - The weighted average return on equity for the year-to-date period was not applicable for the current quarter[4] - The company reported a decrease in non-recurring gains and losses, totaling ¥761,152.27 for the current period[3] - The increase in net profit was attributed to higher sales volume and a decrease in average procurement costs due to falling crude oil prices[5]