TUNA(SH:603177)2024-10-29 09:25Financial Performance - The company's operating revenue for Q3 2024 was ¥232,739,229.74, representing a year-on-year increase of 33.37%[2] - The net profit attributable to shareholders for the period was ¥3,841,232.79, with a year-to-date net profit of ¥24,221,781.83, reflecting a year-on-year increase of 10.09%[4] - The net profit for the third quarter of 2024 reached ¥23,578,078.87, a significant recovery from a net loss of ¥2,771,725.11 in the same period of 2023[16] - The total profit amounted to ¥23,793,013.50, compared to a loss of ¥1,711,928.43 in Q3 2023, indicating a strong turnaround in financial performance[16] - Operating profit for the quarter was ¥24,239,237.59, a substantial increase from a loss of ¥2,257,558.34 year-over-year[16] - Revenue from sales of goods and services for the first nine months of 2024 was ¥697,249,355.56, compared to ¥608,633,726.38 in the same period of 2023, marking an increase of approximately 14.6%[18] - The total comprehensive income for the third quarter was ¥23,410,496.32, a significant improvement from a loss of ¥2,198,537.61 in the same quarter of the previous year[17] Cash Flow and Assets - The net cash flow from operating activities increased by 250.63% year-on-year, amounting to ¥46,773,732.11 year-to-date[4] - Cash flow from operating activities generated ¥46,773,732.11, up from ¥13,339,779.79 in the previous year, reflecting improved operational efficiency[18] - The company's cash and cash equivalents decreased to CNY 143,855,579.00 as of September 30, 2024, down from CNY 174,997,194.17 at the end of 2023, a decline of 17.83%[12] - Cash and cash equivalents at the end of the period stood at ¥44,517,073.11, down from ¥86,747,245.30 at the end of Q3 2023[19] - The company reported a decrease in cash outflow for investing activities, totaling ¥25,273,433.34 compared to ¥188,614,920.06 in the previous year, indicating a reduction in capital expenditures[19] - The net cash flow from financing activities was negative at -¥34,743,285.10, contrasting with a positive cash flow of ¥190,324,875.08 in Q3 2023, reflecting changes in financing strategies[19] Cost Management and Profitability - The company has strengthened cost control measures, contributing to the turnaround in profitability[4] - The company has strengthened its internal cost control measures, contributing to the growth in sales revenue[7] - The total profit for the year-to-date period increased due to a rise in operating profit compared to the same period last year[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,767,376,432.78, a decrease of 2.66% compared to the end of the previous year[3] - The company's total assets decreased to CNY 1,767,376,432.78 from CNY 1,815,724,919.09, a reduction of 2.66%[12] - The company's total liabilities decreased to CNY 1,359,749,278.63 from CNY 1,415,691,434.63, a decline of 3.94%[13] Earnings Per Share - The basic earnings per share for the quarter was ¥0.02, with a diluted earnings per share also at ¥0.02[3] - The basic and diluted earnings per share for Q3 2024 were both ¥0.12, recovering from a loss of ¥0.01 per share in Q3 2023[17] Government Subsidies and Other Income - The company reported a government subsidy income of ¥797,026.59 for the quarter, which is closely related to its normal business operations[5] - The company recorded a decrease in non-operating income by RMB 92.16 million, primarily due to a reduction in amounts payable by suppliers compared to the same period last year[7] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 28,090,895.13, compared to CNY 26,368,394.89 in 2023, an increase of 6.53%[15] Inventory and Receivables - Accounts receivable increased to CNY 456,903,374.57 from CNY 431,399,209.46, representing a growth of 5.91%[11] - Inventory rose to CNY 196,906,610.41, compared to CNY 177,188,959.34, marking an increase of 11.19%[12]