奥拓电子(002587) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥131,344,986.83, a decrease of 22.12% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥22,186,068.55, representing a decline of 73.92% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥23,026,402.60, down 57.39% from the previous year[3]. - In the first three quarters of 2024, the company achieved operating revenue of 465 million RMB, a year-on-year decrease of 5.25%[13]. - The net profit attributable to shareholders was -19.82 million RMB, a year-on-year decline of 457.41%[13]. - The net profit for Q3 2024 was -21,153,358.97 CNY, compared to a profit of 4,386,418.02 CNY in the same period last year, indicating a significant decline[23]. - Operating profit for Q3 2024 was -37,734,256.07 CNY, a sharp decrease from -1,249,403.41 CNY in Q3 2023[23]. - Total comprehensive income for Q3 2024 was -21,308,123.04 CNY, compared to 5,356,485.51 CNY in Q3 2023[24]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥1,890,227,769.65, a decrease of 6.16% from the end of the previous year[3]. - The company's total liabilities decreased to CNY 548,511,159.59 from CNY 606,835,283.06, indicating a reduction in financial obligations[20]. - The company's cash and cash equivalents decreased to CNY 283,822,911.62 from CNY 453,614,621.33, representing a decline of approximately 37.4%[18]. - Inventory levels rose to CNY 313,227,342.43 from CNY 293,138,190.10, marking an increase of about 6.8%[19]. - The company's non-current assets totaled CNY 452,195,940.07, up from CNY 341,252,466.22, indicating a significant increase of approximately 32.6%[19]. Cash Flow - Cash flow from operating activities for the year-to-date was -¥71,266,792.31, an increase of 30.45% compared to the same period last year[3]. - The company reported a net cash flow from operating activities of -71.27 million RMB, a 30.45% improvement compared to the previous period[10]. - The net cash flow from investing activities was -53.55 million RMB, a decrease of 152.70% year-on-year[10]. - The net increase in cash and cash equivalents was -175.16 million RMB, a decline of 71.41% compared to the previous year[10]. - Cash flow from operating activities showed a net outflow of -71,266,792.31 CNY, improving from -102,471,884.48 CNY year-over-year[26]. - Investment activities resulted in a net cash outflow of -53,553,068.58 CNY, contrasting with a net inflow of 101,617,583.19 CNY in the same period last year[27]. - Financing activities resulted in a net cash outflow of -50,993,779.04 CNY, an improvement from -110,441,783.12 CNY in Q3 2023[27]. Income and Expenses - The company's net profit margin was severely impacted by intensified industry competition and a decline in gross margins for LED video display systems[8]. - The total operating costs increased to CNY 491,065,847.28 from CNY 480,330,533.70, resulting in a rise of about 2.5%[22]. - Research and development expenses for the third quarter were CNY 53,592,505.54, down from CNY 60,122,714.44, reflecting a decrease of approximately 10.5%[22]. - The company received cash from sales of goods and services totaling 491,688,083.58 CNY, a decrease from 529,700,878.45 CNY in the previous year[25]. - The company reported a decrease in tax refunds received, totaling 30,146,017.60 CNY compared to 19,619,084.31 CNY in the previous year[26]. Market and Projects - The company actively explored niche markets, with the film market revenue reaching 141 million RMB, a year-on-year increase of 41.83%[13]. - The company secured a project with Agricultural Bank of China in September 2024, marking a significant win in the financial and communication market[13]. - The subsidiary achieved revenue of 9.47 million RMB in the digital content market, a year-on-year growth of 73.35%[13]. - The total amount of orders on hand and bid amounts as of September 30, 2024, was approximately 499 million RMB[15]. - The company's subsidiary, Qianbaihui, signed new contracts exceeding 59 million RMB in the third quarter, focusing on urban renewal projects[14]. Shareholder Information - The weighted average return on net assets was -1.65%, a decrease of 0.74% compared to the previous year[3]. - The company's net profit attributable to shareholders decreased, with retained earnings dropping to CNY 261,770,880.48 from CNY 320,625,131.03, a decline of about 18.3%[21]. - Basic and diluted earnings per share for Q3 2024 were both -0.03 CNY, down from 0.01 CNY in the previous year[24]. - The company completed the transfer of 1,000,000 shares, representing 0.6050% of its total shares, to the Shanghai Jiao Tong University Education Development Foundation[17].