电气风电(688660) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥1,916,461,396.67, representing a year-on-year increase of 13.90%[2] - The net profit attributable to shareholders was -¥89,805,338.40, with a year-to-date net profit of -¥476,614,366.00, indicating a significant decline[2] - The company experienced a 47.08% decrease in operating revenue year-to-date, primarily due to delayed project execution and insufficient new orders[5] - Total operating revenue for the first three quarters of 2024 was ¥3,134,871,098.27, a decrease of 47.0% compared to ¥5,924,270,707.81 in the same period of 2023[13] - The net loss for the first three quarters of 2024 was ¥477,204,502.87, compared to a net loss of ¥652,705,325.57 in the same period of 2023, indicating an improvement of 26.8%[14] - Total revenue for the first three quarters of 2024 was CNY 3,382,023,794.36, a decrease of 48.7% compared to CNY 6,587,371,632.67 in the same period of 2023[20] - Operating profit for the first three quarters of 2024 was a loss of CNY 427,266,210.18, an improvement from a loss of CNY 791,717,862.95 in the first three quarters of 2023[20] - Net profit for the first three quarters of 2024 was a loss of CNY 398,047,972.97, compared to a loss of CNY 679,713,012.60 in the same period of 2023[20] Research and Development - Research and development expenses totaled ¥210,856,190.09 for the quarter, an increase of 80.87% year-on-year, accounting for 11.00% of operating revenue[3] - Research and development expenses for the first three quarters of 2024 were ¥411,528,975.14, slightly up from ¥398,191,826.75 in 2023, showing a 3.0% increase[13] - Research and development expenses for the first three quarters of 2024 were CNY 417,317,342.38, compared to CNY 395,126,120.13 in the same period of 2023, reflecting a 5.6% increase[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥26,859,237,235.64, reflecting a 3.87% increase from the previous year[3] - The company's total assets amounted to 26,859,237,235.64 RMB, an increase from 25,857,415,570.16 RMB at the end of 2023[11] - The company's total liabilities increased to ¥21,454,069,042.23 as of September 30, 2024, up from ¥19,983,031,590.15 at the end of 2023, representing an increase of 7.4%[12] - The total equity attributable to shareholders decreased by 7.99% year-on-year, amounting to ¥5,396,444,556.54[3] - The total equity attributable to shareholders decreased to ¥5,396,444,556.54 from ¥5,865,195,128.37, a decline of 8.0%[12] - The company's total current assets decreased to 14,610,268,102.76 RMB as of September 30, 2024, from 16,008,874,907.05 RMB at the end of 2023, indicating a decline in liquidity[17] - The total cash and cash equivalents at the end of September 2024 were 1,838,052,512.21 RMB, a decrease from 3,311,443,102.41 RMB at the end of December 2023[16] - The total cash and cash equivalents at the end of Q3 2024 were approximately ¥1.16 billion, down from ¥2.46 billion at the end of Q3 2023, indicating a decrease of 52.8%[23] Cash Flow - The company reported a net cash flow from operating activities of ¥183,243,113.01 for the quarter, contrasting with a negative cash flow of -¥2,346,795,889.77 year-to-date[2] - The net cash flow from operating activities for the first three quarters of 2024 was -2,346,795,889.77 RMB, an improvement from -3,826,871,751.14 RMB in the same period of 2023, indicating a reduction in cash outflow[15] - The cash inflow from operating activities was approximately ¥7.35 billion, a slight decrease of 1.2% compared to ¥7.44 billion in the same period of 2023[22] - The cash outflow from operating activities decreased to ¥10.05 billion in 2024 from ¥10.75 billion in 2023, a reduction of 6.5%[22] - The total cash outflow from operating activities was 8,946,889,128.91 RMB in 2024, compared to 10,681,673,387.52 RMB in 2023, indicating improved cost management[15] Shareholder Information - The top shareholder, Shanghai Electric Group Co., Ltd., holds 61.4% of the shares, indicating strong state ownership[6] - The company has not disclosed any significant changes in shareholder relationships or actions among the top shareholders[8] Future Strategies - The company has focused on core technology and cost control measures to improve operational efficiency and profitability[5] - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed in the call[14]