SCREEN(SH:688053)2024-10-29 10:21Financial Performance - The company's operating revenue for Q3 2024 was ¥43,659,134.20, a decrease of 6.68% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 decreased by 71.14% to ¥3,293,890.72, while the year-to-date net profit decreased by 101.31% to -¥661,377.31[2][6]. - Total revenue for the first three quarters of 2024 was CNY 99,252,476.83, a decrease of 37% compared to CNY 157,255,790.29 in the same period of 2023[19]. - The net profit for Q3 2024 was -2,891,824.05 CNY, compared to a net profit of 50,023,058.67 CNY in Q3 2023, representing a significant decline[20]. - The total profit for Q3 2024 was -5,727,291.60 CNY, down from 55,500,655.52 CNY in the same period last year[20]. - Operating profit for Q3 2024 was -5,519,859.64 CNY, compared to an operating profit of 52,525,129.91 CNY in Q3 2023[20]. - The basic and diluted earnings per share for Q3 2024 were both ¥0.03, down 72.73% year-on-year[3][6]. - The basic and diluted earnings per share for Q3 2024 were both -0.01 CNY, compared to 0.50 CNY in Q3 2023[21]. Research and Development - The R&D investment totaled ¥6,372,204.94 in Q3 2024, representing 14.60% of operating revenue, an increase of 2.60 percentage points year-on-year[3]. - The company plans to continue investing in R&D to enhance its competitive position in the market despite current challenges[6]. - Research and development expenses increased to CNY 18,870,475.10 in 2024 from CNY 17,224,862.29 in 2023, indicating a focus on innovation[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 95.27% to ¥50,377,514.48[2][6]. - Cash flow from operating activities for the first three quarters of 2024 was 165,672,075.04 CNY, an increase from 153,697,687.83 CNY in the same period of 2023[22]. - Cash and cash equivalents decreased to CNY 210,059,495.89 from CNY 308,300,100.44, indicating liquidity challenges[16]. - Cash and cash equivalents at the end of Q3 2024 totaled 210,059,495.89 CNY, down from 598,927,609.27 CNY at the end of Q3 2023[24]. - The company reported a decrease in cash flow from financing activities, resulting in a net outflow of -58,699,640.74 CNY in Q3 2024, compared to a net inflow of 18,420,407.24 CNY in Q3 2023[24]. - Cash flow from investing activities in Q3 2024 resulted in a net outflow of -89,918,478.29 CNY, compared to a net inflow of 387,188,180.26 CNY in Q3 2023[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10, with the largest shareholder holding 54,908,065 shares, representing 54.91%[8]. - The top ten shareholders include Ningbo Tongtai Xin Venture Capital with 5,020,000 shares (5.02%) and Huang Zhi with 2,613,538 shares (2.61%)[9]. - The company has not disclosed any significant changes in the shareholder structure due to the transfer of shares[11]. - The company has not identified any related party relationships among the top shareholders, except for those controlled by Zhang Ya[10]. Share Repurchase - The company plans to repurchase shares using between RMB 30 million and RMB 50 million, with a maximum repurchase price of RMB 79.69 per share[12]. - As of August 22, 2024, the company has repurchased a total of 1,419,877 shares, accounting for 1.42% of the total share capital, with an average repurchase price of RMB 35.188 per share[14]. - The highest repurchase price recorded was RMB 59.90 per share, while the lowest was RMB 19.04 per share[14]. - The repurchased shares are stored in a dedicated securities account for the company[14]. - The total funds spent on share repurchases amount to RMB 49,963,240.52, excluding transaction fees[14]. - The company’s share repurchase plan is aimed at implementing an employee stock ownership plan or equity incentives[12]. Asset and Liability Management - Total assets at the end of Q3 2024 were ¥1,781,233,399.97, a decrease of 3.33% from the end of the previous year[3]. - The company's total assets as of September 30, 2024, were CNY 1,781,233,399.97, a decrease from CNY 1,842,516,345.64 at the end of 2023[18]. - Total liabilities decreased to CNY 107,333,337.17 from CNY 115,023,655.78, reflecting improved financial management[17]. - The company's equity attributable to shareholders decreased to CNY 1,629,564,065.74 from CNY 1,680,926,246.06, indicating a decline in shareholder value[18]. - Accounts receivable increased to CNY 195,916,158.63 from CNY 190,373,681.06, suggesting potential issues with collections[16]. - Inventory levels rose significantly to CNY 21,582,275.67 from CNY 5,645,041.69, which may impact cash flow[16]. - Deferred tax assets increased to CNY 14,548,892.15 from CNY 13,203,235.26, indicating potential future tax benefits[16]. Market Challenges - The company experienced a significant decline in order volume due to personnel adjustments and market competition, impacting revenue and profit margins[6][7]. - The weighted average return on equity (ROE) for Q3 2024 was 0.20%, a decrease of 0.47 percentage points compared to the same period last year[3].