EBEM(SH:603002)2024-10-29 09:27Financial Performance - The company's operating revenue for Q3 2024 was ¥550,782,169.78, a decrease of 9.33% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥11,585,895.64, down 50.12% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥9,857,394.81, reflecting a decrease of 55.46%[3]. - The basic earnings per share for Q3 2024 was ¥0.01, a decline of 50.00% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 1,618,954,186.63, a decrease of 5.25% compared to CNY 1,708,708,849.63 in the same period of 2023[13]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 36,716,639.43, a decline of 40.73% from CNY 62,004,403.64 in the same period of 2023[14]. - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY 0.03, compared to CNY 0.05 in the same period of 2023[15]. - Other comprehensive income after tax for the first three quarters of 2024 was CNY -44,129.92, compared to CNY 126,453.95 in the same period of 2023[15]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥4,588,328,986.36, a decrease of 2.73% from the end of the previous year[4]. - Total current assets as of September 30, 2024, amount to 2,965,338,910.57 RMB, a decrease from 3,549,976,242.07 RMB as of December 31, 2023[10]. - Total non-current assets increased to 1,622,990,075.79 RMB from 1,167,115,237.70 RMB[11]. - Total liabilities amounted to CNY 1,159,593,302.59, down from CNY 1,268,571,242.36 in the previous year[12]. - Total current liabilities decreased to 934,771,379.38 RMB from 1,123,896,876.66 RMB[11]. - Short-term borrowings significantly decreased to 33,557,850.03 RMB from 216,202,064.00 RMB[11]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥118,287,871.45, down 57.03%[4]. - Net cash flow from operating activities was 118,287,871.45, a decrease from 275,251,551.84[17]. - Total cash inflow from investment activities reached 3,050,774,438.72, significantly higher than 1,263,132,415.04[17]. - Cash outflow from investment activities amounted to 3,334,232,619.88, compared to 1,435,058,604.44 in the previous period[17]. - Net cash flow from financing activities was -161,585,822.99, a sharp decline from 1,299,734,406.18[18]. - The ending balance of cash and cash equivalents was 1,186,852,850.21, down from 2,041,334,182.65[18]. - Cash received from sales of goods and services in the first three quarters of 2024 was CNY 1,859,031,784.93, a decrease from CNY 1,937,378,126.52 in 2023, representing a decline of 4.05%[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,149[8]. - The largest shareholder, Guangzhou Hongren Electronic Industry Co., Ltd., holds 256,367,485 shares, accounting for 22.61% of total shares[8]. - The company has a total of 31,914,893 shares with restricted voting rights held by preferred shareholders[8]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[10]. Operational Insights - The company experienced a significant decline in gross profit margin due to falling product prices and rising raw material costs, impacting overall profitability[7]. - The company reported a 136.74% increase in construction in progress, primarily due to expenditures for new factory projects[7]. - The company increased its investment in bank wealth management products, contributing to a 37.12% decrease in cash and cash equivalents[7]. - The company plans to expand its market presence and enhance product offerings in response to current financial challenges[7]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 34,158,732.56, compared to CNY 33,769,295.09 in 2023, showing an increase of 1.15%[14].