Financial Performance - The company's operating revenue for Q3 2024 was ¥41,864,699.92, a decrease of 39.45% compared to the same period last year[2] - The net profit attributable to shareholders was -¥14,556,053.61, representing a decline of 558.89% year-over-year[2] - The net profit after deducting non-recurring gains and losses was -¥15,220,081.34, a decrease of 812.93% compared to the previous year[2] - The company's net profit for Q3 2024 was -45,561,653.31, a significant decline compared to a net profit of 15,149,900.52 in Q3 2023[14] - Operating profit for Q3 2024 was -47,261,919.30, down from 16,360,384.72 in the same period last year[14] - The company reported a total comprehensive loss of -45,561,653.31 for Q3 2024, compared to a comprehensive income of 15,149,900.52 in Q3 2023[15] - The basic and diluted earnings per share for Q3 2024 were both -0.59, compared to 0.22 in Q3 2023[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,216,455,161.80, down 3.25% from the end of the previous year[2] - Total assets decreased to CNY 1,216,455,161.80 from CNY 1,257,322,201.34, a decline of 3.2%[12] - Total liabilities increased to CNY 253,321,506.82 from CNY 238,838,638.41, an increase of 6.1%[12] - The equity attributable to shareholders decreased by 5.49% to ¥954,516,492.15 compared to the end of the previous year[2] Cash Flow - Cash flow from operating activities was -¥37,259,417.04, a decline of 63.55% year-to-date[2] - Net cash flow from operating activities decreased by 63.55% to -¥37,259,417.04, largely due to an increase in receivables not included in operating activities[6] - Cash flow from operating activities for Q3 2024 was -37,259,417.04, worsening from -22,781,205.68 in Q3 2023[17] - Investment activities resulted in a net cash outflow of -98,513,130.82 in Q3 2024, compared to -4,762,591.24 in Q3 2023[17] - Net cash flow from investing activities plummeted by 1968.48% to -¥98,513,130.82, as the company utilized idle funds for cash management[6] - Net cash flow from financing activities improved by 117.31% to ¥11,616,701.52, driven by minority shareholder investments and bank loans received[6] Receivables and Inventory - The company reported a significant increase in accounts receivable, with a rise of 19,160.71% to ¥44,838,942.20 due to reclassification of financing receivables[5] - Accounts receivable decreased to CNY 243,344,858.03 from CNY 272,835,836.20, a reduction of 10.8%[10] - The company's inventory increased by 54.00% to ¥156,660,298.48, attributed to unaccepted projects[5] - Inventory increased to CNY 156,660,298.48 from CNY 101,726,973.41, an increase of 54.0%[11] Expenses - Sales expenses rose by 60.72% to ¥45,837,111.92, attributed to increased market expansion efforts and higher employee compensation, travel, and promotional costs[6] - Research and development expenses decreased to 22,386,374.91 in Q3 2024 from 26,491,107.04 in Q3 2023[14] - The company incurred management expenses of 29,226,487.96 in Q3 2024, up from 24,917,565.15 in Q3 2023[14] - Tax and additional charges increased by 36.80% to ¥2,499,650.51 due to higher urban land use tax and property tax provisions[6] - Financial expenses decreased by 58.01% to -¥2,215,105.00, primarily due to reduced interest income from bank notice deposits[6] - Other income dropped by 89.84% to ¥1,347,034.79, mainly due to fewer government subsidies received compared to the previous period[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,539[7] - The company received government subsidies amounting to ¥374,995.88 during the reporting period[3] Future Outlook - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[11]
瑞晨环保(301273) - 2024 Q3 - 季度财报