AGNM(SH:603429)2024-10-29 09:03Financial Performance - Revenue for Q3 2024 was CNY 122,742,409.94, a decrease of 40.12% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 15,222,688.42, down 67.43% year-over-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 13,465,138.84, a decline of 69.26% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was CNY 0.03, a decrease of 66.67% year-over-year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 406,615,982.40, a decrease of 19.6% compared to CNY 505,846,747.77 in the same period of 2023[14]. - Operating profit for the first three quarters of 2024 was CNY 101,059,140.16, a decline of 29.7% from CNY 143,902,838.96 in 2023[14]. - The net profit for the third quarter of 2024 was -53,292,896.10 RMB, compared to a net profit of 122,381,130.66 RMB in the same period of 2023, representing a significant decline[15]. - The total profit for the third quarter was -40,000,945.07 RMB, compared to a profit of 143,881,749.96 RMB in the previous year[15]. - Basic and diluted earnings per share for the third quarter were both -0.11 RMB, compared to 0.23 RMB in the same quarter of 2023[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 1,486,323,879.21, a decrease of 21.05% from the end of the previous year[3]. - Total assets decreased to CNY 1,486,323,879.21 in Q3 2024 from CNY 1,882,729,133.56 in Q3 2023, representing a reduction of 21.0%[13]. - Total liabilities decreased to CNY 200,389,671.63 in Q3 2024 from CNY 325,890,216.58 in Q3 2023, a decrease of 38.4%[13]. - The company's equity attributable to shareholders decreased to CNY 1,275,843,427.83 in Q3 2024 from CNY 1,541,010,816.53 in Q3 2023, a decline of 17.2%[13]. Cash Flow - Operating cash flow for the year-to-date period was CNY -70,224,287.90, a decline of 139.65% compared to the previous year[2]. - Cash flow from operating activities for the first three quarters of 2024 was -70,224,287.90 RMB, down from 177,117,013.79 RMB in the same period of 2023[16]. - Cash inflow from operating activities totaled 437,383,229.95 RMB, a decrease from 674,634,133.09 RMB year-over-year[16]. - Cash outflow from operating activities increased to 507,607,517.85 RMB, compared to 497,517,119.30 RMB in the previous year[16]. - The net cash flow from investing activities was 105,020,905.71 RMB, a recovery from -23,586,545.92 RMB in the same period of 2023[17]. - The company reported cash and cash equivalents at the end of the period amounting to 767,750,949.48 RMB, down from 963,334,172.31 RMB year-over-year[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,159, with the largest shareholder, Xu Shanshui, holding 215,305,300 shares, accounting for 41.05% of the total shares[7]. - Xu Shanshui's shares are partially frozen due to legal disputes, with 129,477,280 shares frozen, representing 60.14% of his holdings and 24.69% of the company's total shares[9]. - The company has repurchased 31,690,040 shares, which is 6.04% of the total circulating shares[8]. - The company has no significant impact on its operations or governance structure due to the frozen shares of the controlling shareholder[9]. Operational Insights - The decrease in revenue was primarily due to a reduction in sales of tobacco packaging materials[6]. - The company reported an increase in non-operating expenses, contributing to the significant decline in net profit year-to-date[6]. - Research and development expenses for the first three quarters of 2024 were CNY 16,394,040.22, down 38.7% from CNY 26,777,410.14 in the same period of 2023[14]. - The company reported a net credit impairment loss of CNY 509,000.88 in 2024, compared to a gain of CNY 5,930,198.71 in 2023[14]. - The company plans to focus on market expansion and new product development to improve future performance[12].