SQTEG(SH:603339)2024-10-29 08:06Financial Performance - The company's operating revenue for Q3 2024 was ¥430,279,847.94, a decrease of 24.99% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥51,623,089.55, down 37.23% year-on-year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥49,505,083.18, a decrease of 36.88% compared to the same period last year[2] - Basic and diluted earnings per share for Q3 2024 were both ¥0.17, reflecting a decline of 34.62% year-on-year[3] - The weighted average return on equity for Q3 2024 was 1.97%, a decrease of 1.5 percentage points compared to the previous year[3] - Total operating revenue for the first three quarters of 2024 was CNY 1,438,154,787.67, a decrease of 12.14% compared to CNY 1,636,954,856.31 in the same period of 2023[13] - Net profit for the third quarter of 2024 was CNY 184,473,073.95, a decline of 25.69% from CNY 248,264,468.29 in the same quarter of 2023[15] - The company reported a total comprehensive income attributable to the parent company of 186,814,081.76 RMB, down from 239,210,634.92 RMB in the previous year[16] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥3,214,505,128.15, down 5.60% from the end of the previous year[3] - Total assets as of the end of Q3 2024 amounted to CNY 3,214,505,128.15, compared to CNY 3,405,057,937.46 at the end of Q3 2023, indicating a decrease of 5.61%[12] - Total liabilities decreased to CNY 695,815,856.22 in Q3 2024 from CNY 929,082,464.27 in Q3 2023, a reduction of 25.14%[12] - The equity attributable to shareholders at the end of Q3 2024 was ¥2,518,689,271.93, an increase of 1.73% compared to the end of the previous year[3] - The company's total equity increased to CNY 2,518,689,271.93 in Q3 2024 from CNY 2,475,975,473.19 in Q3 2023, an increase of 1.72%[12] Cash Flow - Cash flow from operating activities for the year-to-date was -¥121,442,989.64, a decrease of 134.06% year-on-year[2] - The net cash flow from operating activities for the first three quarters of 2024 was -121,442,989.64 RMB, compared to 356,581,365.04 RMB in the same period of 2023, indicating a significant decline[17] - The total operating cash inflow was 1,352,128,407.64 RMB, compared to 1,958,176,021.54 RMB in the same period last year, reflecting a decrease[17] - Total cash inflow from investment activities was 2,031,787,361.68 RMB, up from 1,353,152,015.25 RMB year-over-year[17] - The net cash flow from investment activities was -183,245,415.42 RMB, slightly improved from -184,751,973.47 RMB in the previous year[17] - The total cash outflow from financing activities was 146,746,167.51 RMB, down from 261,495,670.79 RMB in the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,009[8] - The largest shareholder, Huang Jie, holds 124,596,915 shares, representing 40.27% of total shares[8] - The company reported a total of 10 major shareholders, with no significant changes in their holdings due to margin trading[9] Operational Insights - The decline in revenue and profit was primarily attributed to decreased sales collections compared to the same period last year[6] - The company is focused on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[9] - Research and development expenses for the first three quarters of 2024 were CNY 64,479,800.44, down from CNY 71,233,714.38 in the same period of 2023, a decrease of 9.77%[15] Other Financial Metrics - Non-recurring gains and losses for Q3 2024 totaled ¥2,118,006.37, with significant contributions from government subsidies and fair value changes of financial assets[5] - The company reported a significant increase in tax and additional charges, which rose to CNY 14,348,396.03 from CNY 8,449,745.15, an increase of 69.25%[15] - The company's cash and cash equivalents amount to ¥546,103,150.75, a decrease from ¥1,001,211,530.72 in the previous period[10] - Cash and cash equivalents at the end of the period stood at 502,686,397.88 RMB, compared to 332,903,888.19 RMB at the end of the same period last year[18] - The company experienced a foreign exchange loss affecting cash and cash equivalents of -5,453,703.09 RMB[18] - Accounts receivable increased to ¥66,803,221.24 from ¥49,685,685.32, reflecting a growth of approximately 34.4%[10] - Inventory stands at ¥947,244,122.73, up from ¥902,495,734.63, indicating an increase of about 4.9%[10] - The total current assets decreased to ¥2,109,623,285.37 from ¥2,479,230,195.33, a decline of approximately 15%[10] - Fixed assets are valued at ¥694,934,417.32, down from ¥715,919,885.85, showing a decrease of about 2.9%[10] - The company has ongoing construction projects valued at ¥228,132,541.12, significantly up from ¥60,177,967.27[10] - Deferred income tax assets increased from CNY 11,146,228.63 to CNY 12,408,723.41, reflecting a growth of 11.31%[11]