SHGBIT(SH:603918)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 was ¥176,838,907.80, a decrease of 10.88% compared to the same period last year, and a year-to-date revenue of ¥358,208,364.05, down 40.55% year-on-year[2] - The net profit attributable to shareholders for Q3 2024 was -¥18,466,208.71, with a year-to-date net profit of -¥72,163,717.77, reflecting a significant decrease of 548.96% year-on-year[2] - The basic earnings per share for the year-to-date period was -¥0.1971, a decrease of 547.95% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 358.21 million, a decrease of 40.5% compared to CNY 602.53 million in the same period of 2023[15] - Net profit for the first three quarters of 2024 was a loss of CNY 72.54 million, compared to a profit of CNY 14.85 million in the same period of 2023[16] - The company reported a total comprehensive loss of CNY 72.57 million for Q3 2024, compared to a comprehensive income of CNY 14.97 million in Q3 2023[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,620,683,044.73, a decrease of 2.17% from the end of the previous year[3] - As of September 30, 2024, the company's total current assets amounted to RMB 1,324,498,410.16, a decrease of 3.96% from RMB 1,379,036,532.13 on December 31, 2023[12] - The company's total liabilities increased to CNY 589.62 million in Q3 2024 from CNY 538.43 million in Q3 2023, representing a rise of 9.5%[14] - The total equity attributable to shareholders decreased to CNY 1,033.70 million in Q3 2024 from CNY 1,120.50 million in Q3 2023, a decline of 7.7%[14] - The company's total assets amounted to RMB 1,620,683,044.73, down from RMB 1,656,658,125.11, reflecting a decrease of 2.17%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥48,873,652.88 for the year-to-date period[2] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 580,017,155.76, a decrease of 4.5% compared to CNY 607,316,311.95 in the same period of 2023[18] - The net cash outflow from operating activities was CNY -48,873,652.88, an improvement from CNY -77,917,698.71 in the previous year[19] - Cash inflow from investment activities totaled CNY 274,403,493.97, down 24.5% from CNY 363,236,010.31 in 2023[19] - The net cash outflow from investment activities was CNY -20,370,227.07, significantly improved from CNY -89,684,438.95 in the same period last year[19] - The ending balance of cash and cash equivalents was CNY 569,411,440.73, an increase from CNY 517,560,797.98 year-over-year[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 77,761[8] - The largest shareholder, Jin Guopei, holds 18.18% of the shares, totaling 66,646,939 shares[8] - The company repurchased 1,213,658 shares, accounting for 0.33% of the total share capital as of September 30, 2024[10] Operational Insights - The decrease in operating revenue was primarily due to fewer project completions and tightened budgets from clients, leading to a 40.55% decline year-on-year[6] - The company's cash and cash equivalents decreased to RMB 605,551,105.45 from RMB 687,267,634.65, reflecting a decline of 11.88%[12] - Accounts receivable stood at RMB 322,927,357.04, down from RMB 368,450,815.58, indicating a decrease of 12.31%[12] - Inventory increased significantly to RMB 314,722,118.32, up from RMB 210,193,927.50, representing a growth of 49.67%[12] - Research and development expenses for the first three quarters of 2024 were CNY 29.08 million, an increase of 17.5% from CNY 24.64 million in 2023[15] - The company paid CNY 157,834,092.94 to employees, an increase of 22.7% from CNY 128,685,904.98 in the previous year[19]