NWM(SH:603700)2024-10-29 08:44Financial Performance - The company's operating revenue for Q3 2024 was ¥373,554,808.71, a decrease of 16.53% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥4,857,106.51, down 84.09% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥2,576,808.38, a decline of 91.05% compared to the same period last year[4]. - The basic earnings per share for Q3 2024 was ¥0.02, representing a decrease of 87.50% year-on-year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 1,013,101,711.23, a decrease of 20.0% compared to CNY 1,258,561,335.61 in the same period of 2023[19]. - Net profit for the first three quarters of 2024 was CNY 35,082,795.93, a decline of 57.3% compared to CNY 81,976,736.86 in the same period of 2023[20]. - The total comprehensive income for the first three quarters of 2024 was CNY 35,082,795.93, down from CNY 81,976,736.86 in the previous year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,224,612,973.27, a decrease of 2.24% from the end of the previous year[4]. - The equity attributable to shareholders at the end of the reporting period was ¥1,588,583,676.35, down 1.33% from the end of the previous year[4]. - The company's total liabilities decreased to CNY 637,027,583.76 in Q3 2024 from CNY 666,527,397.70 in Q3 2023, a reduction of 4.4%[20]. - The company's total current liabilities decreased to CNY 1,531,998,145.10 from CNY 1,582,229,838.14, a reduction of about 3.2%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥141,905,143.48, indicating a significant cash outflow[4]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 1,102,711,298.29, a decrease of 18.5% compared to CNY 1,352,995,502.87 in the same period of 2023[23]. - The net cash flow from operating activities was -CNY 141,905,143.48, worsening from -CNY 66,523,409.28 in the previous year[23]. - The company experienced a cash decrease of CNY 206,479,304.99 in the current period, compared to a decrease of CNY 146,080,843.92 in the same period last year[24]. Competition and Market Conditions - The decline in revenue and profit was attributed to increased market competition and a slowdown in the recovery of accounts receivable[9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,808[10]. Government Support - The company reported a government subsidy of ¥4,665,201.16 for the current period, contributing to its financial results[5]. Other Financial Metrics - Research and development expenses for the first three quarters of 2024 were CNY 53,028,740.53, a slight increase from CNY 52,361,151.98 in the same period of 2023[19]. - The company's tax expenses for the first three quarters of 2024 were CNY 996,432.59, significantly lower than CNY 8,213,650.72 in the same period of 2023[20]. - The company reported a financial asset fair value change gain of CNY 299,332.24, compared to a gain of CNY 36,019.79 in the previous year[20].