Primeton(688118)2024-10-29 10:04Financial Performance - The company's operating revenue for Q3 2024 was ¥73,312,040.85, a decrease of 34.74% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥8,149,597.32 for Q3 2024, with a cumulative loss of ¥68,684,078.55 year-to-date[2]. - The diluted earnings per share for Q3 2024 was -¥0.089, with a year-to-date figure of -¥0.748[3]. - Net profit for the third quarter of 2024 was a loss of CNY 68,684,078.55, compared to a loss of CNY 39,642,922.99 in the same quarter of 2023, indicating a worsening of 73%[16]. - The total comprehensive income attributable to the parent company for Q3 2024 was -68,684,078.55 CNY, compared to -39,642,922.99 CNY in Q3 2023, reflecting a significant decline[17]. - Basic and diluted earnings per share for Q3 2024 were both -0.748 CNY, compared to -0.432 CNY in Q3 2023, indicating a worsening financial performance[17]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥75,037,122.49 year-to-date, indicating cash outflow[2]. - Cash flow from operating activities for the first nine months of 2024 was -75,037,122.49 CNY, an improvement from -134,067,887.78 CNY in the same period of 2023[18]. - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[25]. - The ending cash and cash equivalents balance as of September 30, 2024, was 167,677,116.51 CNY, compared to 115,194,140.27 CNY at the same time in 2023[19]. - The company reported a total cash outflow from operating activities of 373,017,672.87 RMB in 2024, down from 411,121,356.68 RMB in 2023, indicating a decrease of about 9.3%[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥913,747,472.15, down 7.53% from the end of the previous year[3]. - The total assets as of the end of the third quarter of 2024 were CNY 1,033,564,595.26, a decrease from CNY 1,075,037,661.92 at the end of the third quarter of 2023[22]. - The total liabilities increased to CNY 210,947,654.73 in the third quarter of 2024, compared to CNY 200,679,517.40 in the same period of 2023[22]. - The total equity attributable to shareholders decreased to CNY 787,486,758.14 in Q3 2024 from CNY 857,897,040.04 in Q3 2023, a decline of approximately 8.2%[14]. Research and Development - Research and development expenses totaled ¥18,818,704.81 in Q3 2024, representing 25.67% of operating revenue, an increase of 1.91 percentage points year-on-year[3]. - Research and development expenses for the first three quarters of 2024 were CNY 64,203,729.55, down from CNY 75,139,987.59 in 2023, representing a decrease of about 14.5%[15]. - Research and development expenses for the third quarter of 2024 were CNY 49,495,758.67, slightly down from CNY 52,555,297.25 in the previous year[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 6,321, with the largest shareholder, Liu Yadong, holding 20,942,809 shares, representing 22.29% of the total shares[8]. - The largest shareholder, Liu Yadong, is not involved in any margin trading or securities lending activities[9]. Strategic Focus - The company is focusing on high-quality software platform business while strategically reducing non-core application development[6]. - The company plans to focus on market expansion and new product development to improve future performance, although specific strategies were not detailed in the report[16]. - The company plans to focus on market expansion and new product development to improve future performance and mitigate losses[25].