Zhuhai (SH:688175)2024-10-28 10:56Financial Performance - The company's operating revenue for the third quarter was ¥35,572,748.96, representing a year-on-year increase of 41.75% due to growth in the environmental IoT application business[2]. - The net profit attributable to shareholders was -¥10,581,120.58, a decrease of 14.45% compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥20,565,104.67, reflecting an 11.41% decrease year-on-year[2]. - The net profit attributable to shareholders for the year-to-date period was -¥33,079,325.89, a decrease of 280.88% compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 117,963,791.21, a decrease of 38.1% compared to CNY 190,431,106.60 in the same period of 2023[13]. - The net profit for the first three quarters of 2024 was a loss of CNY 46,996,187.14, compared to a profit of CNY 16,152,952.99 in the same period of 2023[14]. - The net profit for Q3 2024 was -33,161,952.63 RMB, compared to a net profit of 18,202,587.32 RMB in Q3 2023, indicating a significant decline[15]. - The total comprehensive income for Q3 2024 was -33,623,935.79 RMB, compared to 17,818,323.22 RMB in Q3 2023[16]. - Basic and diluted earnings per share for Q3 2024 were both -0.25 RMB, down from 0.20 RMB in Q3 2023[16]. Cash Flow and Liquidity - The cash flow from operating activities was -¥107,782,044.70, indicating a significant decrease of 1,563.74% year-on-year[2]. - Cash flow from operating activities for the first three quarters of 2024 was -107,782,044.70 RMB, compared to 7,363,471.35 RMB in the same period of 2023[17]. - Cash flow from investing activities for Q3 2024 resulted in a net outflow of -112,967,002.04 RMB, contrasting with a net inflow of 61,596,440.84 RMB in Q3 2023[19]. - Cash and cash equivalents at the end of Q3 2024 totaled 277,841,446.18 RMB, down from 355,667,089.20 RMB at the end of Q3 2023[19]. - As of September 30, 2024, the company's cash and cash equivalents amounted to approximately ¥287.58 million, a decrease from ¥530.89 million at the end of 2023[10]. - The total current assets decreased to approximately ¥1.58 billion from ¥1.76 billion at the end of 2023, indicating a decline in liquidity[10]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,984,756,960.55, an increase of 5.97% compared to the end of the previous year[3]. - Total assets as of the end of the third quarter of 2024 were CNY 1,984,756,960.55, a decrease from CNY 2,066,963,445.52 at the end of the previous year[12]. - Total liabilities as of the end of the third quarter of 2024 were CNY 159,526,672.80, down from CNY 195,049,672.68 in the previous year[12]. - Owner's equity totaled CNY 1,825,230,287.75 at the end of the third quarter of 2024, compared to CNY 1,871,913,772.84 at the end of 2023[12]. - The company reported a decrease in accounts payable from CNY 65,538,085.26 to CNY 58,964,478.49, a reduction of 10.4%[12]. Research and Development - Research and development expenses amounted to ¥21,814,440.81, accounting for 61.32% of operating revenue, a decrease of 18.19 percentage points year-on-year[3]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 59,184,815.64, an increase from CNY 57,314,945.60 in 2023, indicating a growth of 3.3%[14]. Shareholder Information - The proportion of shares held by the top shareholder, Zhuhai Gaoling Technology Investment Co., Ltd., is 43.39%, indicating significant ownership concentration[8]. - The company reported a total of 7,749 common shareholders at the end of the reporting period, with no changes in the number of preferred shareholders[9]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest shareholder holding over 43%[8]. - The company has not engaged in any share lending or borrowing activities during the reporting period[9]. Operational Insights - The company reported a significant decline in military telecommunications equipment revenue, which decreased by 80.43% year-on-year[6]. - The company has not reported any significant changes in its operational strategies or market expansion plans during the quarter[9]. - The company has not reported any new product launches or significant market expansion strategies during this quarter[20]. - The company experienced a decrease in other comprehensive income, with a net amount of -461,983.16 RMB in Q3 2024 compared to -384,264.10 RMB in Q3 2023[15].