*ST红相(300427) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥107,172,135.92, a decrease of 57.99% compared to ¥255,129,538.37 in the same period last year[3] - The net profit attributable to shareholders was -¥60,791,478.81, an improvement of 15.26% from -¥76,899,064.23 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥65,122,577.28, showing an 11.93% improvement from -¥79,088,277.37 in the previous year[3] - The basic earnings per share for the period was -¥0.1499, a 24.41% improvement from -¥0.2126 in the same quarter last year[3] - Total profit for the year-to-date period was -489.19 million yuan, a decrease of 22.09% compared to the previous year[19] - Net profit attributable to shareholders of the parent company was -521.02 million yuan, a decrease of 10.43% year-on-year[19] - Operating profit was -54.75 million yuan, a decrease of 36.01% compared to the previous year[19] - Net profit for the third quarter was a loss of ¥56,505,990.57, compared to a loss of ¥52,070,922.49 in the previous year, reflecting a 8.3% increase in losses[32] - The total comprehensive income for the quarter was a loss of ¥56,506,136.98, compared to a loss of ¥48,657,683.96 in the previous year, indicating a 16.0% increase in losses[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,763,016,151.49, a decrease of 20.25% compared to the previous year[3] - The total liabilities decreased to ¥1,111,142,158.89 from ¥1,801,594,702.70, representing a reduction of 38.4%[30] - The total liabilities decreased by 690.45 million yuan, a decline of 38.32% compared to the beginning of the year[12] - The total non-current assets decreased to ¥737,020,487.73 from ¥817,295,021.47, reflecting a decline of approximately 9.8%[29] - The company's total current assets amounted to ¥1,466,456,329.06, a decrease from ¥1,945,721,130.02 at the beginning of the period, reflecting a decline of approximately 24.6%[28] - The company's long-term investments stood at ¥5,995,948.28, with no prior balance reported[29] Cash Flow - The company reported a net cash flow from operating activities of -¥100,016,067.13, which is a 21.63% improvement from -¥127,614,073.45 in the same period last year[3] - The company reported a net cash flow from operating activities of ¥614,694,237.91, a decrease of 51.6% from ¥1,268,636,198.07 in the same period last year[34] - Net cash flow from investment activities was 338,294,850.81 CNY, compared to a negative cash flow of -36,140,444.54 CNY in the previous period[35] - Cash flow from financing activities showed a net outflow of -448,933,567.89 CNY, compared to -44,774,221.07 CNY in the previous period[35] - The ending balance of cash and cash equivalents was 369,099,829.25 CNY, down from 579,866,068.78 CNY at the beginning of the period[35] - The company experienced a negative impact of -111,455.32 CNY from exchange rate fluctuations on cash and cash equivalents[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,216[21] - The largest shareholder, Yang Baotian, holds 14.65% of the shares, totaling 59,780,469 shares[21] - The second-largest shareholder, Yang Cheng, owns 6.63% of the shares, amounting to 27,039,835 shares, with 20,000,000 shares pledged[21] - The company has a total of 86,820,304 shares held by the top ten shareholders, representing 21.28% of the total share capital[21] - The number of restricted shares held by Yang Cheng was reduced from 20,279,876 to 0 due to the expiration of the lock-up period[24] - Wu Zhiyang's restricted shares increased to 8,297,958 after 2,074,490 shares were released from restriction[24] - The company has terminated the implementation of the 2022 restricted stock incentive plan, leading to the repurchase and cancellation of corresponding restricted stocks[24] - The company has no known relationships or concerted actions among the top ten shareholders outside of the disclosed major shareholders[23] Operational Changes - The company has undergone retrospective adjustments for accounting errors from 2017 to 2022, impacting the financial statements for Q1, Q2, and Q3 of 2023[4] - The company reported non-recurring gains totaling ¥4,331,098.47 for the current reporting period[6] - The company received government subsidies amounting to ¥2,061,124.76 during the reporting period[6] - Operating revenue for the year-to-date period decreased by 381.81 million yuan, a decline of 46.18%, primarily due to the exclusion of subsidiary Yinchuan Wolong from the consolidated financial statements after its sale in December 2023[16] - Operating costs for the year-to-date period decreased by 326.24 million yuan, a decline of 55.16%, also attributed to the exclusion of subsidiary Yinchuan Wolong[17] - Research and development expenses decreased by 192.16 million yuan, a decline of 34.43%, mainly due to the exclusion of subsidiary Yinchuan Wolong[17] - The company reported a significant reduction in short-term borrowings from ¥351,981,988.14 to ¥65,030,186.65, a decrease of approximately 81.5%[29] Inventory and Receivables - Accounts receivable increased by 70.88 million yuan, a growth of 15.19% compared to the beginning of the year[9] - Prepayments increased by 7.63 million yuan, a growth of 65.16%, mainly due to increased advance payments for inventory[10] - Other receivables decreased by 343.87 million yuan, a decline of 95.28%, primarily due to the receipt of equity transfer payments from the sale of a subsidiary[10] - The company's inventory increased to ¥477,378,717.11 from ¥458,459,845.62, marking an increase of about 4.0%[28] - Asset impairment losses increased by 98.09 million yuan, a growth of 26.06%, primarily related to impairment of receivables from distributed photovoltaic projects[18] Stock and Market Information - The stock trading risk warning was lifted on October 9, 2024, changing the stock name from "*ST 红相" to "红相股份" while maintaining the stock code "300427"[27] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[23]