SPM(SH:601900)2024-10-29 10:17Financial Performance - The company's operating revenue for Q3 2024 was ¥2,453,558,628.70, representing a year-on-year increase of 2.71%[2] - Net profit attributable to shareholders was ¥230,070,464.63, a decrease of 14.63% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥216,476,024.69, down 18.50% year-on-year[2] - The basic earnings per share for the quarter was ¥0.26, reflecting a decrease of 13.33% from the previous year[3] - The net profit for the first three quarters of 2024 is CNY 608.65 million, a decrease of 20.9% compared to CNY 769.86 million in the same period of 2023[16] - The total revenue from sales of goods and services for the first three quarters of 2024 is CNY 5.22 billion, down from CNY 5.89 billion in 2023, representing a decline of 11.4%[18] - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2024 is CNY 529.23 million, a decrease of 22.2% from CNY 680.57 million in 2023[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,553,794,941.50, an increase of 8.10% compared to the end of the previous year[3] - Total assets as of September 30, 2024, amounted to CNY 17,553,794,941.50, compared to CNY 16,237,851,108.22 at the end of 2023, marking an increase of approximately 8.1%[12] - Total liabilities increased to CNY 8,791,113,933.04 from CNY 7,480,735,074.94, representing a growth of about 17.6%[13] - Non-current assets totaled CNY 9,223,238,471.95, up from CNY 8,848,498,293.29, indicating an increase of approximately 4.2%[12] Cash Flow - The net cash flow from operating activities was reported as -¥601,202,345.47, indicating a significant decline of 243.03%[3] - Cash flow from investing activities decreased by 77.00% due to increased cash outflows for cultural real estate project investments[7] - The cash flow from operating activities for the first three quarters of 2024 shows a net outflow of CNY 601.20 million, contrasting with a net inflow of CNY 420.34 million in 2023[18] - The net cash flow from investment activities was -310,626,217.39 CNY, compared to -1,350,554,232.65 CNY in the same period of 2023, indicating an improvement[19] - The net cash flow from financing activities was -317,703,602.15 CNY in 2024, an improvement from -378,036,778.12 CNY in 2023[19] Equity and Shareholder Information - The total equity attributable to shareholders was ¥7,999,430,918.15, showing a slight increase of 0.67% from the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 29,830[8] - The company's equity attributable to shareholders reached CNY 7,999,430,918.15, compared to CNY 7,946,326,798.23 at the end of 2023, showing a slight increase of about 0.67%[13] Expenses and Costs - Total operating costs decreased to CNY 5,594,695,354.03 from CNY 5,678,066,596.97 year-on-year[14] - Research and development expenses increased to CNY 7.42 million in 2024 from CNY 6.35 million in 2023, marking a rise of 17.0%[16] - The financial expenses for the first three quarters of 2024 include interest expenses of CNY 18.87 million, up from CNY 8.95 million in 2023, indicating a rise of 110.5%[16] - The total tax expenses for the first three quarters of 2024 amount to CNY 210.65 million, significantly higher than CNY 30.77 million in 2023, reflecting a substantial increase of 584.5%[16] Operational Challenges - Cash and cash equivalents decreased by 39.12% due to net cash outflows from operating, investing, and financing activities[7] - Accounts receivable increased by 106.81% primarily due to delayed settlement times for textbooks and a decrease in textbook collections[7] - Inventory rose by 43.51% as a result of preparations for the autumn educational materials[7] - Long-term borrowings increased by 34.27% due to ongoing bank loan withdrawals for cultural real estate projects[7] - Investment income decreased by 54.71% mainly due to reduced disposal gains from Longman Media[7] - Income tax expenses surged by 584.56% due to the expiration of corporate income tax exemption policies[7]