Sinotec(SH:603121)2024-10-29 11:02Financial Performance - The company's operating revenue for Q3 2024 was ¥297,247,818.18, a decrease of 4.62% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥9,952,291.44, down 71.07% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥9,011,105.75, a decrease of 62.67% compared to the same period last year[2]. - Basic earnings per share for Q3 2024 were ¥0.03, a decrease of 70.00% compared to the same period last year[4]. - Net profit for the first three quarters of 2024 was ¥60,144,966.91, a decrease of 22.5% from ¥77,546,764.14 in the same period of 2023[16]. - Basic earnings per share for the first three quarters of 2024 were ¥0.21, down from ¥0.29 in the same period of 2023, indicating a decline of 27.6%[16]. Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥45,090,151.18, an increase of 41.73% year-on-year[4]. - The company reported a significant increase in cash flow due to improved sales collections and reduced cash outflows from inventory purchases compared to the previous year[8]. - The cash inflow from operating activities for the first three quarters of 2024 was CNY 982,924,924.64, an increase of 8.3% compared to CNY 907,211,561.66 in the same period of 2023[17]. - The net cash flow from operating activities was CNY 216,738,661.40, significantly up from CNY 3,311,708.45 in the first three quarters of 2023[17]. - The cash outflow for purchasing goods and services decreased to CNY 484,411,198.52 from CNY 600,874,521.15, reflecting a reduction of 19.4%[17]. - The cash inflow from financing activities increased to CNY 369,420,701.64, up from CNY 308,424,013.49 in the previous year, marking a growth of 19.8%[18]. - The net cash flow from financing activities was CNY 31,996,732.93, a turnaround from a negative CNY -24,348,995.65 in the first three quarters of 2023[18]. - The total cash and cash equivalents at the end of the period reached CNY 302,081,778.01, compared to CNY 189,098,128.28 at the end of the same period last year, representing a growth of 59.8%[18]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,205,204,277.81, an increase of 5.26% from the end of the previous year[4]. - The company's total liabilities as of September 30, 2024, amounted to ¥882,695,490.34, compared to ¥829,757,447.83 at the end of 2023, indicating an increase of 6.4%[14]. - Long-term borrowings increased significantly to ¥355,202,306.73 in Q3 2024 from ¥185,365,768.75 in Q4 2023, representing an increase of 91.7%[14]. - The total assets of the company as of September 30, 2024, were ¥2,205,204,277.81, compared to ¥2,094,971,319.40 at the end of 2023, showing an increase of 5.3%[14]. - The company's short-term borrowings decreased significantly to RMB 150.58 million from RMB 270.85 million, a reduction of 44.41%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,761[9]. - The largest shareholder, Shanghai Huajian Investment Management Co., Ltd., holds 139,540,400 shares, accounting for 41.22% of total shares[9]. - Shareholders' equity attributable to the parent company at the end of Q3 2024 was ¥1,298,166,528.26, up 5.56% from the end of the previous year[4]. - The total equity attributable to shareholders of the parent company rose to ¥1,298,166,528.26 as of September 30, 2024, compared to ¥1,229,773,530.83 at the end of 2023, marking a growth of 5.6%[14]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2024 were ¥872,383,285.33, up from ¥847,820,107.83 in 2023, reflecting a rise of 2.0%[15]. - Research and development expenses for the first three quarters of 2024 were ¥55,527,522.81, up from ¥51,760,123.49 in 2023, reflecting an increase of 7.2%[15]. - The company noted that the decrease in net profit for Q3 was primarily due to changes in product profitability structure and increased management and marketing expenses[7]. Investment Activities - The company reported a decrease in investment income, with a loss of ¥1,317,662.82 in 2024 compared to a gain of ¥49,369,629.76 in 2023[15]. - The cash inflow from investment activities was CNY 360,422.07, a sharp decline from CNY 159,284,641.47 in the previous year[18]. - The net cash flow from investment activities was negative at CNY -100,596,354.04, compared to a positive CNY 59,451,504.93 in the same period of 2023[18].