CREAT(002350)2024-10-29 10:42Financial Performance - The company's operating revenue for Q3 2024 was ¥497,643,388.53, representing a 12.10% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2024 was ¥13,754,162.19, a significant increase of 760.00% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥14,341,346.80, reflecting a remarkable growth of 1,019.79% year-over-year[3] - Basic and diluted earnings per share for Q3 2024 were both ¥0.0260, up 766.92% compared to the same quarter last year[3] - Net profit for Q3 2024 was 2,997,310.96, a significant recovery from a net loss of 34,129,068.15 in Q3 2023[14] - The company reported a total comprehensive income of 4,812,995.96 for Q3 2024, compared to a loss of 34,413,003.15 in the same period last year[15] - Basic and diluted earnings per share for Q3 2024 were both 0.0036, recovering from -0.0614 in Q3 2023[15] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 59.91% to ¥17,418,589.06[3] - Cash flow from operating activities for Q3 2024 was 17,418,589.06, an increase from 10,892,610.43 in Q3 2023[16] - The net cash flow from financing activities was -$46,457,371.28, an improvement from -$139,566,811.70 in the previous year[17] - The net cash received from investment activities was 16,014,836.17 in Q3 2024, compared to 2,581,921.33 in Q3 2023, indicating a substantial increase[16] - The company reported a decrease in credit impairment losses to 2,762,582.57 in Q3 2024 from 14,838,275.31 in Q3 2023, a reduction of approximately 81.43%[14] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,686,291,694.77, a decrease of 2.70% from the end of the previous year[3] - Total liabilities decreased to ¥928,233,752.44 from ¥1,007,817,643.23, a reduction of about 7.9%[13] - Total current assets decreased to ¥1,519,685,149.34 from ¥1,592,425,723.84, a decline of about 4.6%[12] - Long-term equity investments decreased to ¥66,207,225.58 from ¥104,601,639.75, a drop of approximately 36.7%[12] - The company’s undistributed profits increased to ¥408,822,771.00 from ¥406,912,569.11, a slight increase of about 0.5%[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,415[9] - The largest shareholder, Beijing Keri North Technology Development Co., Ltd., holds 27.11% of shares, totaling 147,045,953 shares[9] - The top ten shareholders collectively hold 78.69% of the company's shares[9] - The company has not disclosed any changes in the shareholding structure due to margin trading activities[9] - The company has not participated in any margin trading activities involving the top ten shareholders[9] Investment and Financing Activities - The company reported a significant increase in cash flow from financing activities, up 66.71% year-over-year, due to optimized financing structure[7] - The company experienced a 100% increase in long-term borrowings, attributed to new loans for photovoltaic power station projects[7] - The company has completed the transfer of 51% equity in its subsidiary Hangzhou Pingdan Technology Co., Ltd.[10] - The company has received the first installment of the transfer payment for the equity transfer of Beijing Hezhong Huineng Technology Co., Ltd.[10] - The company plans to repurchase shares with a total fund of no less than ¥50 million and no more than ¥100 million, with a maximum price of ¥7.26 per share[10] Operational Costs and Expenses - Total operating costs for Q3 2024 were 1,269,483,665.09, compared to 1,364,580,972.81 in Q3 2023, reflecting a decrease of approximately 6.98%[14] - Research and development expenses decreased to 50,794,119.41 in Q3 2024 from 71,647,022.58 in Q3 2023, a reduction of approximately 29.16%[14] - Sales expenses increased to 103,217,029.73 in Q3 2024 from 81,759,333.49 in Q3 2023, representing an increase of about 26.16%[14] Cash and Cash Equivalents - The company’s cash and cash equivalents at the end of the reporting period amount to ¥246,157,690.20, down from ¥279,919,251.26 at the beginning of the period[11] - The ending cash and cash equivalents balance was $224,631,124.43, down from $301,535,306.31 year-over-year[17] - The net increase in cash and cash equivalents was -$37,690,628.26, compared to -$183,008,278.07 in the previous year[17]