TAM(603789)2024-10-29 08:32Revenue and Profitability - Revenue for Q3 2024 reached ¥96,486,169.19, an increase of 37.41% compared to the same period last year[2] - Net profit attributable to shareholders was -¥29,837,940.43 for Q3 2024, with a year-to-date net profit of -¥78,784,197.97, reflecting a significant loss[2] - The basic and diluted earnings per share for Q3 2024 were both -¥0.1148, with a year-to-date figure of -¥0.3030[4] - Total operating revenue for the first three quarters of 2024 reached ¥193,503,824.38, an increase of 8.5% compared to ¥178,392,157.01 in the same period of 2023[18] - The net loss for the first three quarters of 2024 was ¥83,159,473.06, compared to a net loss of ¥20,074,177.45 in the same period of 2023, indicating a significant decline in profitability[19] - The company's operating profit for the first three quarters of 2024 was reported at -¥83,118,660.74, worsening from -¥18,868,526.95 in 2023[18] - Basic earnings per share for the first three quarters of 2024 were reported at -¥0.3030, compared to -¥0.0729 in the same period of 2023, indicating a deterioration in earnings performance[19] Assets and Liabilities - Total assets decreased by 8.67% year-over-year, amounting to ¥1,184,145,510.91 at the end of Q3 2024[4] - Shareholders' equity attributable to the parent company decreased by 17.91% year-over-year, totaling ¥344,122,485.04[4] - Total assets decreased from 1,296,613,421.62 to 1,184,145,510.91, a decline of about 8.6%[15] - The total liabilities decreased to ¥792,001,149.60 in the latest report from ¥833,027,418.70 in the previous period, showing a reduction of approximately 4.9%[16] - Current liabilities decreased from 697,489,457.54 to 631,947,398.75, a reduction of approximately 9.4%[15] - The total equity attributable to shareholders of the parent company decreased to ¥344,122,485.04 from ¥419,198,745.34, reflecting a decline of about 17.9%[16] Cash Flow - The company reported a net cash flow from operating activities of -¥90,480,265.68 year-to-date, indicating cash flow challenges[2] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 203,188,659.75, a decrease of 37.1% compared to CNY 323,012,145.65 in the same period of 2023[20] - The net cash flow from operating activities was -CNY 90,480,265.68, worsening from -CNY 19,207,435.32 year-over-year[20] - Cash outflow for purchasing goods and services was CNY 191,207,838.53, down from CNY 229,148,147.92 in the previous year, indicating a reduction of 16.6%[20] - The total cash outflow for operating activities was CNY 293,668,925.43, compared to CNY 342,219,580.97 in the previous year, showing a decrease of 14.1%[20] - The company reported a cash inflow of CNY 7,738,000.00 from investment absorption, significantly lower than CNY 83,820,110.00 in the previous year[22] - The ending balance of cash and cash equivalents was CNY 40,916,927.00, a decrease from CNY 70,271,489.64 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,400[11] - The largest shareholder, Starlight Agricultural Holdings Group Co., Ltd., holds 44,149,832 shares, representing 16.32% of total shares[12] - There are no significant changes in the shareholding structure of the top ten shareholders compared to the previous period[12] Operational Performance - Operating income for the year-to-date period increased by 8.47% compared to the previous year, totaling ¥193,503,824.38[2] - The company experienced a significant increase in sales volume for certain product models, contributing to the revenue growth in Q3 2024[8] - Total operating costs for the first three quarters of 2024 were ¥296,456,968.09, up from ¥264,996,540.33 in 2023, reflecting a year-on-year increase of 11.9%[18] - Research and development expenses for the first three quarters of 2024 amounted to ¥19,619,152.12, a decrease of 20.8% from ¥24,790,317.40 in the previous year[18] Financial Adjustments - The company is adjusting its accounting policies in accordance with the new guidelines issued by the Ministry of Finance, which may impact future financial reporting[4] - The company reported a significant increase in financial expenses, which rose to ¥9,593,209.04 from ¥7,787,881.78, marking an increase of 23.2%[18] - The company’s deferred income tax liabilities increased to ¥988,438.84 from ¥718,470.95, representing a rise of approximately 37.5%[16] - Non-recurring gains included government subsidies totaling ¥5,143,710.93 year-to-date, which are crucial for financial support[6] Receivables and Inventory - Accounts receivable increased from 231,710,794.36 to 261,551,578.49, reflecting a growth of about 12.9%[14] - Inventory decreased from 230,371,954.18 to 200,802,082.02, a reduction of approximately 12.8%[14] - The company reported a significant increase in long-term receivables from 1,125,749.35 to 23,879,191.22, an increase of approximately 2015.5%[15]