泰豪科技(600590) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was CNY 833,693,882.98, a decrease of 18.77% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was a loss of CNY 140,850,907.93, a decline of 2,829.88% year-over-year[3]. - Basic earnings per share for Q3 2024 was -0.1651 CNY, representing a decrease of 2,848.21% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 2,582,655,443.32, a decrease of 16.5% compared to CNY 3,097,308,372.16 in the same period of 2023[14]. - The net profit for Q3 2024 was a loss of CNY 183,356,244.63, compared to a profit of CNY 255,471,535.03 in Q3 2023, indicating a significant decline in profitability[16]. - Total comprehensive income attributable to the parent company was -200,169,066.78 CNY, compared to 145,999,771.02 CNY in the same period last year[17]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 13,395,020,547.40, a decrease of 1.48% from the end of the previous year[3]. - The company's total assets decreased to CNY 13,395,020,547.40 in Q3 2024 from CNY 13,596,092,192.68 in Q3 2023, a reduction of approximately 1.5%[13]. - Total liabilities amounted to CNY 9,224,020,449.73 in Q3 2024, slightly down from CNY 9,228,236,071.55 in Q3 2023[13]. - The total equity attributable to shareholders decreased to CNY 3,274,890,640.22 in Q3 2024 from CNY 3,481,885,279.39 in Q3 2023, reflecting a decline of approximately 6%[13]. Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 139,859,863.73, a decline of 11.38% compared to the same period last year[2]. - Cash inflow from operating activities totaled 3,503,525,287.85 CNY, a decrease from 4,047,760,148.95 CNY in the previous year[18]. - Cash outflow from operating activities was 3,363,665,424.12 CNY, compared to 3,889,932,288.20 CNY in the same period last year[18]. - Net cash flow from investing activities was 70,242,775.33 CNY, down from 143,456,207.72 CNY year-on-year[18]. - Cash inflow from financing activities was 2,482,664,460.87 CNY, compared to 3,439,949,994.02 CNY in the previous year[19]. - Net cash flow from financing activities was -183,140,511.46 CNY, an improvement from -311,096,797.46 CNY in the same period last year[19]. Shareholder Information - The company reported a total of 46,962 common shareholders at the end of the reporting period[8]. - The largest shareholder, Tongfang Co., Ltd., holds 19.62% of the shares, totaling 167,315,574 shares[8]. - The second-largest shareholder, Taihao Group Co., Ltd., holds 15.07% of the shares, totaling 128,569,272 shares[8]. Operational Insights - The company reported an increase in expected credit impairment provisions, impacting net profit negatively[6]. - The decline in net profit was also attributed to the absence of previous operational gains from subsidiaries and asset disposals in the same period last year[6]. - The company has been focusing on improving its financial position through asset disposals and government subsidies, which contributed to non-recurring gains[4]. - The company is currently involved in a legal dispute regarding equity in Fuzhou Delta Power Equipment Co., Ltd., which may impact future financial reporting[9]. - The company has not yet received the financial statements for Fuzhou Delta Power Equipment Co., Ltd. as of September 30, 2024, which may affect the accuracy of reported data[9]. Asset Composition - As of September 30, 2024, total current assets amounted to approximately CNY 9.27 billion, an increase from CNY 9.07 billion at the end of 2023, reflecting a growth of about 2.2%[10]. - Cash and cash equivalents reached CNY 2.04 billion, up from CNY 1.44 billion, indicating a significant increase of approximately 41.7%[10]. - Accounts receivable decreased to CNY 3.73 billion from CNY 3.86 billion, representing a decline of about 3.4%[11]. - Inventory decreased to CNY 2.06 billion from CNY 2.29 billion, showing a reduction of approximately 10.0%[11]. - Long-term equity investments increased to CNY 1.01 billion from CNY 996.3 million, reflecting a growth of about 1.6%[11]. Expenses - Research and development expenses for Q3 2024 were CNY 99,739,462.23, a slight decrease from CNY 101,453,434.18 in Q3 2023[16]. - The company reported a significant increase in financial expenses, totaling CNY 221,316,230.48 in Q3 2024, compared to CNY 158,338,595.85 in Q3 2023[16]. - The company's deferred tax assets were CNY 220,729,462.28 in Q3 2024, down from CNY 234,857,113.64 in Q3 2023[12]. - The company experienced a significant increase in contract liabilities, which rose to CNY 398,517,988.82 in Q3 2024 from CNY 280,478,379.27 in Q3 2023, an increase of 42.2%[12].