RAISECOM(SH:603803)2024-10-29 10:05Financial Performance - The company's operating revenue for Q3 2024 was ¥302,022,308.23, a decrease of 17.40% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥27,709,812.32, with a year-to-date net profit of -¥65,040,723.71[2]. - Total operating revenue for the first three quarters of 2024 was CNY 1,030,168,643.14, a decrease of 9.36% compared to CNY 1,136,863,036.19 in the same period of 2023[16]. - Net profit for Q3 2024 was CNY -65,040,723.71, compared to CNY -73,985,965.85 in Q3 2023, showing an improvement of 12.63%[17]. - The net profit for the third quarter of 2024 was CNY 156,273,018.98, a significant recovery from a net loss of CNY 15,822,108.78 in the same quarter of 2023[26]. Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥22,391,184.33, reflecting a significant decline of 115.14%[4]. - The company reported a decrease in cash flow from operating activities, with net cash outflow of CNY 68,084,373.11 in Q3 2024 compared to CNY 74,613,170.23 in Q3 2023[18]. - Cash flow from operating activities showed a net outflow of CNY 95,532,517.88 in the first three quarters of 2024, compared to a net inflow of CNY 244,818,482.45 in the same period of 2023[28]. - Total cash inflow from operating activities decreased to 1,224,336,249.62 RMB in 2024 from 1,495,558,134.58 RMB in 2023, reflecting a year-over-year decline of approximately 18.1%[20]. - Cash outflow from operating activities increased to 1,246,727,433.95 RMB in 2024, up from 1,347,645,726.44 RMB in 2023, resulting in a net cash flow from operations of -22,391,184.33 RMB[20]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,741,409,011.78, down 7.78% from the end of the previous year[4]. - The total liabilities decreased to CNY 1,058,953,768.24 in Q3 2024 from CNY 1,226,478,645.42 in Q3 2023, a reduction of 13.68%[15]. - The company's total current liabilities were CNY 1,001,191,825.46, down from CNY 1,156,087,485.10 in the previous year, a decrease of 13.39%[15]. - The total liabilities decreased to 1,986,405,477.18 RMB as of September 30, 2024, from 2,034,000,000.00 RMB at the end of 2023, showing a reduction of approximately 2.3%[23]. - The company's long-term equity investments are valued at approximately RMB 29.11 million, slightly down from RMB 29.43 million[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,926[9]. - The number of shares held by the top ten shareholders is concentrated, with the largest shareholders each holding 9.01% of the total shares[9]. - The company has not reported any significant changes in shareholder participation in margin financing and securities lending activities[10]. Cost Management - The company implemented cost reduction and efficiency enhancement strategies, resulting in a 31.25% improvement in net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024[7]. - The company reported a decrease in management and sales expenses compared to the same period last year, contributing to improved financial performance despite lower revenue[7]. - Financial expenses decreased significantly to CNY 3,120,580.68 in the first three quarters of 2024 from CNY 11,497,258.35 in the same period of 2023, indicating better cost management[25]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 225,176,091.97, slightly up from CNY 220,105,055.57 in the same period of 2023[16]. - Research and development expenses increased to CNY 222,851,761.00 in the first three quarters of 2024, up 12.4% from CNY 198,292,069.70 in the same period of 2023[25]. Investment Activities - The company reported a significant increase in investment income, reaching CNY 190,639,593.51 in the first three quarters of 2024, compared to a loss of CNY 7,131,500.08 in the same period of 2023[25]. - Investment cash inflow for the first three quarters of 2024 was 940,791,767.73 RMB, a significant increase from 2,407,899.50 RMB in 2023, indicating a strong recovery in investment activities[20]. - The net cash flow from investment activities improved to 20,428,231.72 RMB in 2024, compared to a negative cash flow of -100,946,128.57 RMB in 2023[20]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[2]. - The company plans to continue focusing on market expansion and new product development as part of its growth strategy[30].