四方新材(605122) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was CNY 327,972,013.70, a decrease of 34.79% compared to the same period last year[2] - Net profit attributable to shareholders was CNY -427,813.68, reflecting a decline of 103.39% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -465,333.35, down 104.31% from the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 1,025,831,262.66, a decrease of 29.7% compared to CNY 1,459,911,593.35 in the same period of 2023[16] - Total operating costs for the first three quarters of 2024 were CNY 1,002,662,400.16, down 28.4% from CNY 1,399,849,724.81 in the previous year[16] - Net profit for the first three quarters of 2024 reached CNY 7,003,508.91, compared to CNY 2,377,250.59 in the same period of 2023, representing a significant increase[17] - The total comprehensive income for the first three quarters of 2024 was CNY 7,003,508.91, compared to CNY 2,377,250.59 in the same period of 2023, indicating a substantial increase[18] - The net profit for the first three quarters of 2024 was CNY 31.71 million, compared to CNY 7.39 million in 2023, marking a substantial increase of 328.5%[26] Cash Flow - Cash flow from operating activities for Q3 2024 was CNY 6,076,419.51, a decrease of 85.91% compared to the same period last year[3] - The company reported a net cash flow from operating activities of CNY -16,345,150.38 for the year-to-date period, a decrease of 109.86% compared to the previous year[3] - The net cash flow from operating activities for the first three quarters of 2024 was -16,345,150.38 RMB, a significant decrease compared to 165,690,600.14 RMB in the same period of 2023[20] - The total cash inflow from operating activities was 1,030,667,697.08 RMB, down from 1,192,236,283.67 RMB year-over-year, representing a decline of approximately 13.5%[20] - Cash outflow from operating activities totaled 1,047,012,847.46 RMB, slightly higher than 1,026,545,683.53 RMB in the previous year, indicating a 2.3% increase[20] - The ending balance of cash and cash equivalents decreased to 299,261,527.73 RMB from 552,104,779.12 RMB, a decline of approximately 45.9%[21] - The total cash outflow from operating activities was CNY 592,840,569.70, an increase of 9.9% from CNY 539,295,329.69 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,151,188,516.28, down 7.83% from the end of the previous year[3] - As of September 30, 2024, the company's total current assets amounted to approximately 2.793 billion RMB, down from approximately 3.125 billion RMB at the end of 2023[12] - The total assets of the company as of September 30, 2024, were approximately 4.151 billion RMB, down from approximately 4.504 billion RMB at the end of 2023[14] - The total liabilities decreased to CNY 1,926,758,328.31 in Q3 2024 from CNY 2,281,640,226.50 in Q3 2023, reflecting a reduction of approximately 15.6%[16] - Non-current liabilities totaled CNY 309,483,560.03, down from CNY 408,495,445.92 in the previous year, indicating a decrease of about 24.2%[16] - The company's total liabilities decreased to CNY 1.23 billion in Q3 2024 from CNY 1.36 billion in Q3 2023, indicating improved financial stability[24] Profitability and Cost Management - The company experienced a significant reduction in sales volume and sustained low prices, leading to decreased gross profit[6] - The company implemented cost control measures, resulting in a 67.05% increase in net profit after deducting non-recurring gains and losses for the year-to-date period[7] - The gross profit margin improved to 18.2% in 2024 from 16.3% in 2023, reflecting a reduction in operating costs to CNY 469.63 million from CNY 597.24 million[25] - Research and development expenses for the first three quarters of 2024 were CNY 5,526,147.22, significantly lower than CNY 12,141,791.21 in the same period of 2023, a reduction of about 54.5%[16] - Research and development expenses decreased significantly to CNY 2.42 million in 2024 from CNY 5.01 million in 2023, indicating a strategic shift in R&D investment[25] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[25]