SINOJIT Technology(SH:601218)2024-10-29 07:37Financial Performance - The net profit attributable to shareholders decreased by 93.06% to CNY 2,788,275.83 in Q3 2024 compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -1,522,703.16, a decrease of 103.87% year-on-year[2]. - The basic earnings per share for Q3 2024 was CNY 0.0029, a decrease of 93.01% compared to the same period last year[2]. - The weighted average return on equity decreased to 0.08%, down 1.31 percentage points from the previous year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 903,158,948.59, a decrease from CNY 976,834,300.97 in the same period of 2023, representing a decline of approximately 7.5%[16]. - Net profit for the first three quarters of 2024 was CNY 36,132,847.81, down from CNY 93,348,463.19 in the same period of 2023, indicating a decline of approximately 61.3%[17]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 36,327,333.02, compared to CNY 93,643,074.42 in Q3 2023, representing a significant decrease[18]. - Basic earnings per share for Q3 2024 were CNY 0.0372, down from CNY 0.0967 in Q3 2023, indicating a decline in profitability[18]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 211,069,380.42, a decrease of 23.87% year-on-year[2]. - Net cash flow from operating activities for the first three quarters of 2024 was CNY 211,069,380.42, compared to CNY 277,232,877.85 in the same period of 2023, reflecting a decrease of approximately 24%[20]. - Cash inflow from investment activities for the first three quarters of 2024 was CNY 974,317,056.76, significantly higher than CNY 342,893,841.57 in 2023, showing an increase of over 184%[20]. - The net cash flow from investment activities for the first three quarters of 2024 was negative CNY 192,649,075.11, an improvement from negative CNY 686,807,222.41 in the same period of 2023[20]. - The net cash flow from financing activities for the first three quarters of 2024 was negative CNY 76,547,138.12, compared to negative CNY 31,976,486.56 in 2023, indicating increased cash outflows[21]. - The company reported a decrease in cash outflows for operating activities, totaling CNY 607,917,482.87 in 2024 compared to CNY 709,762,551.31 in 2023, reflecting improved cash management[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,644,602,199.72, down 2.53% from the end of the previous year[3]. - The total assets as of the end of the third quarter of 2024 were CNY 3,644,602,199.72, down from CNY 3,739,080,837.55 at the end of the third quarter of 2023, a decrease of approximately 2.5%[16]. - Total liabilities as of the end of the third quarter of 2024 were CNY 803,311,792.62, compared to CNY 836,910,657.46 in the same period of 2023, indicating a decrease of about 4.0%[16]. - The company's total non-current assets were CNY 1,918,776,498.45, down from CNY 1,969,711,747.36 in the previous year, representing a decline of approximately 2.6%[16]. - Deferred income tax liabilities rose to 1,027.81 million RMB due to accrued interest from other debt investments and changes in fair value of trading financial assets[7]. Research and Development - Research and development expenses for the year-to-date period amounted to 32.46 million RMB, reflecting changes in project content and progress[7]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 28,056,848.90, a decrease from CNY 41,540,865.68 in 2023, reflecting a reduction of about 32.5%[17]. Market Strategy and Future Plans - The company plans to expand its market presence and enhance product offerings in response to the current financial challenges[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,623, with the largest shareholder holding 21.99% of the shares[8].