Youngsun Intelligent(SH:603901)2024-10-29 09:03Financial Performance - The company's operating revenue for Q3 2024 was ¥799,840,598.07, a decrease of 2.70% year-over-year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥10,277,623.01, down 68.64% compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥14,307,180.10, a decline of 132.52% year-over-year[2]. - The basic earnings per share for Q3 2024 was ¥0.02, a decrease of 69.25% year-over-year[2]. - The diluted earnings per share for Q3 2024 was also ¥0.02, reflecting a 69.25% decline compared to the previous year[2]. - Net profit for the third quarter of 2024 was ¥77,527,414.53, a decrease of 52.54% compared to ¥163,250,167.27 in the same quarter of 2023[16]. - The company’s total comprehensive income for the third quarter of 2024 was ¥77,202,310.75, significantly lower than ¥163,828,988.45 in the same quarter of 2023[16]. - The company reported a decrease in basic earnings per share to ¥0.16 for the third quarter of 2024, down from ¥0.35 in the same quarter of 2023[16]. Cash Flow and Investments - The net cash flow from operating activities for Q3 2024 was ¥49,665,992.58, an increase of 575.65% compared to the same period last year[2]. - The total cash inflow from operating activities for the first three quarters of 2024 was ¥2,687,807,019.64, an increase of 5.4% compared to ¥2,550,436,729.29 in the same period of 2023[17]. - The net cash outflow from operating activities improved to -¥30,845,558.73 in 2024 from -¥48,151,777.92 in 2023, indicating a reduction in losses[17]. - Cash inflow from investment activities totaled ¥37,806,412.05, significantly higher than ¥20,984,492.72 in the previous year, reflecting a positive trend in investment recovery[18]. - The net cash outflow from investment activities was -¥280,064,581.02, an improvement from -¥429,034,676.50 in the same period last year[18]. - Cash inflow from financing activities decreased to ¥492,770,000.00 in 2024 from ¥832,466,167.02 in 2023, showing a decline in financing received[18]. - The net cash flow from financing activities was ¥83,959,259.01, down from ¥192,117,391.98 in the previous year, indicating reduced financing activity[18]. - The ending balance of cash and cash equivalents was ¥503,227,235.55, down from ¥691,768,468.38 at the end of the same period in 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,790,471,297.34, an increase of 8.76% compared to the end of the previous year[3]. - As of September 30, 2024, the company's total assets reached approximately CNY 7.79 billion, an increase from CNY 7.16 billion at the end of 2023, reflecting a growth of about 8.6%[10]. - The company's total current liabilities decreased to CNY 2.73 billion from CNY 2.83 billion, a reduction of about 3.5%[12]. - Total liabilities increased to ¥5,152,058,195.21, compared to ¥4,576,280,991.71 in the previous year, indicating a growth of 12.57%[14]. - The total equity attributable to shareholders of the parent company was ¥2,569,013,736.81, up from ¥2,539,556,373.34 year-on-year[14]. Operational Metrics - The company's gross profit margin for the first three quarters of 2024 was approximately 4.3%, down from 8.3% in the same period of 2023[14]. - Research and development expenses for the first three quarters of 2024 totaled ¥186,641,327.09, compared to ¥163,250,996.88 in the previous year, reflecting a year-on-year increase of 14.3%[14]. - The company reported non-recurring gains totaling ¥24,584,803.11 for the current period[4]. - The total number of ordinary shareholders at the end of the reporting period was 21,524[7]. - The company received ¥2,641,000,239.67 in cash from sales of goods and services, representing a 7.3% increase from ¥2,461,417,666.92 in the previous year[17]. - Payments to employees increased to ¥669,956,809.75 from ¥565,791,979.81, reflecting a rise in labor costs[17]. - The company reported a decrease in tax payments to ¥95,627,286.57 from ¥100,189,987.32, indicating a slight reduction in tax liabilities[17]. Changes in Financial Position - The weighted average return on net assets for Q3 2024 was 0.40%, a decrease of 0.84 percentage points year-over-year[3]. - The company's cash and cash equivalents decreased to CNY 515.44 million from CNY 742.30 million, representing a decline of approximately 30.6%[10]. - Accounts receivable increased to CNY 667.41 million, up from CNY 626.42 million, indicating a growth of about 6.5%[10]. - Inventory rose significantly to CNY 3.60 billion, compared to CNY 3.01 billion, marking an increase of approximately 19.6%[10]. - Long-term equity investments increased to CNY 10.41 million from CNY 9.84 million, reflecting a growth of approximately 5.8%[12]. - The company's goodwill slightly decreased to CNY 196.24 million from CNY 197.38 million, a decline of about 0.6%[12]. - The company reported a significant increase in contract liabilities to CNY 1.81 billion from CNY 1.41 billion, representing a growth of approximately 28.5%[12]. Shareholder Information - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[9]. - There are no significant reminders or important information regarding the company's operational situation during the reporting period[10].