Financial Performance - The company's operating revenue for Q3 2024 was ¥161,581,573.88, a decrease of 71.59% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥18,558,826.58, representing a decline of 133.68% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥19,068,718.25, down 134.38% from the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.0995, a decrease of 124.07% compared to the same period last year[2] - Total operating revenue for Q3 2024 was CNY 968,030,643.71, a decrease of 15.25% compared to CNY 1,142,447,481.86 in the same period last year[11] - Total operating costs for Q3 2024 were CNY 888,325,772.02, down 20.45% from CNY 1,116,157,187.77 year-on-year[11] - Net profit for Q3 2024 reached CNY 47,224,917.15, compared to CNY 11,905,257.11 in Q3 2023, marking a significant increase[12] - The total comprehensive income for Q3 2024 was CNY 47,224,917.15, compared to CNY 11,905,257.11 in Q3 2023, representing a significant increase[13] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.2539, up from CNY 0.0923 in the same period last year[13] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥2,550,160,100.66, reflecting a slight increase of 0.51% from the end of the previous year[2] - The equity attributable to shareholders at the end of Q3 2024 was ¥1,211,893,756.25, down 1.68% from the end of the previous year[2] - Current liabilities totaled CNY 884,160,209.10, a decrease from CNY 925,331,161.48 in the same period last year[11] - Long-term borrowings increased to CNY 328,470,626.09 from CNY 307,886,202.20 year-on-year, reflecting a strategy to leverage debt for growth[11] - The company's total assets as of Q3 2024 were CNY 2,550,160,100.66, slightly up from CNY 2,537,115,940.14 at the end of the previous year[11] - The company's equity attributable to shareholders was CNY 1,211,893,756.25, down from CNY 1,232,611,648.37 in the previous year[11] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥325,635,674.96, a decline of 187.54% compared to the same period last year[2] - Cash inflows from operating activities totaled CNY 562,408,844.26, a decrease from CNY 1,462,765,338.17 in Q3 2023[14] - Cash outflows from operating activities amounted to CNY 888,044,519.22, down from CNY 1,576,013,745.71 in the previous year[15] - The net cash flow from operating activities was negative CNY 325,635,674.96, compared to negative CNY 113,248,407.54 in Q3 2023[15] - Cash inflows from investing activities were CNY 300,386,575.34, significantly higher than CNY 4,226,768.30 in the same period last year[15] - The net cash flow from investing activities was negative CNY 29,723,433.88, an improvement from negative CNY 95,162,569.35 in Q3 2023[15] - Cash inflows from financing activities reached CNY 400,004,381.16, compared to CNY 342,002,735.25 in Q3 2023[15] - The net cash flow from financing activities was positive CNY 126,255,922.98, down from CNY 284,574,514.50 in the previous year[15] - The net increase in cash and cash equivalents was negative CNY 229,103,185.86, contrasting with a positive increase of CNY 76,163,537.61 in Q3 2023[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,443, with the largest shareholder holding 52.09% of the shares[7] - The largest shareholder, Changchun Huifeng Automotive Gear Co., Ltd., held 97,160,000 shares, representing 52.09% of the total shares[7] - The company had a total of 97,000,000 restricted shares that were released during the reporting period, with all being from pre-IPO restrictions[8] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[8] - The company’s actual controllers are Zhang Yuan and Wang Ran, who control Changchun Huifeng Automotive Gear Co., Ltd.[7] Operational Insights - The company reported a significant increase in LNG product sales, contributing to a net profit increase of 285.00% year-to-date[5] - Government subsidies recognized during the year-to-date amounted to ¥5,862,500.00, impacting the overall financial performance positively[3] - The company experienced a decrease in sales volume compared to the previous year, which significantly affected profitability in Q3 2024[5] - Research and development expenses for Q3 2024 amounted to CNY 28,310,092.86, up from CNY 25,924,619.35 in the previous year, indicating a focus on innovation[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] - The company's total assets and liabilities will be further detailed in the upcoming financial reports, indicating ongoing financial assessments[9]
致远新能(300985) - 2024 Q3 - 季度财报