ZOTYE(000980)2024-10-29 11:25Financial Performance - Total revenue for Q3 2024 was ¥136,072,108.70, a decrease of 15.37% compared to the same period last year[3] - Net profit attributable to shareholders was -¥71,985,397.97, an increase in loss of 55.94% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥75,431,149.90, a decrease in loss of 54.14% compared to the previous year[3] - The net loss for the period was CNY 22,363,317,996.05, compared to a loss of CNY 22,037,341,403.67 at the beginning of the year, indicating a worsening financial position[14] - The net profit for Q3 2024 was -327,059,689.11 CNY, compared to -446,195,100.76 CNY in Q3 2023, showing an improvement of approximately 26.6% year-over-year[17] - Operating profit for the quarter was -221,806,047.29 CNY, a decrease from -515,313,402.22 CNY in the same period last year, indicating a significant reduction in losses[17] - The total profit (loss) for the period was -309,710,766.19 CNY, an improvement from -445,789,425.10 CNY in Q3 2023, marking a 30.6% reduction in losses[17] - The basic and diluted earnings per share were both -0.06 CNY, an improvement from -0.09 CNY in the same quarter last year[17] Cash Flow and Liquidity - Operating cash flow for the year-to-date was -¥7,061,655.28, a significant improvement of 95.17%[3] - The net increase in cash and cash equivalents was ¥1,570,398.98, a turnaround from a decrease of ¥40,578,672.77 in the previous period, showing improved cash flow management[7] - Cash flow from operating activities showed a net outflow of -7,061,655.28 CNY, an improvement from -146,284,787.98 CNY in the previous year[19] - Total cash inflow from financing activities was 459,716,195.12 CNY, compared to 415,911,494.83 CNY in Q3 2023, reflecting a 10.5% increase[20] - The company reported cash and cash equivalents at the end of the period amounting to 76,431,080.61 CNY, up from 75,441,649.59 CNY year-over-year[20] - The company reported a cash flow from investing activities net inflow of 328,882,284.11 CNY, compared to a net outflow of -51,183,123.52 CNY in Q3 2023, indicating a positive shift in investment cash flow[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,470,801,857.16, down 11.46% from the end of the previous year[3] - Total assets decreased to CNY 5,470,801,857.16 from CNY 6,179,196,278.99, a decline of 11.4%[15] - Total liabilities decreased to CNY 4,293,882,891.75 from CNY 4,675,601,873.40, a reduction of 8.2%[15] - Shareholders' equity attributable to the parent company decreased to ¥1,172,694,844.88, a decline of 21.73% compared to the previous year[3] Expenses - Research and development expenses for the quarter were ¥6,958,660.67, a decrease of 68.53% year-on-year[6] - Financial expenses increased to ¥81,308,409.23, up 71.48% due to higher bank loan interest payments[6] - The company reported a significant increase in financial expenses, rising to CNY 81,308,409.23 from CNY 47,415,117.88, an increase of 71.5%[16] - Research and development expenses decreased to CNY 6,958,660.67 from CNY 22,111,514.29, a decline of 68.6%[16] - The company incurred operating expenses of 625,508,638.98 CNY, a decrease from 974,616,907.68 CNY in the same quarter last year, indicating cost-cutting measures[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 188,678, indicating a stable shareholder base[8] - Jiangsu Shen Shang Holding Group Co., Ltd. holds 14.81% of shares, making it the largest shareholder with 747,000,000 shares[8] - The company has a total of 10 major shareholders, with the top five holding a combined 53.01% of shares[11] - The company has not reported any changes in the participation of major shareholders in margin trading activities[12] Investment Activities - The company reported a significant increase in investment income of 14,741.62% due to the disposal of a subsidiary[6] - Total cash received from the disposal of fixed assets increased by 288.05% to ¥296,948,238.02 compared to the previous period[7] - Cash received from the disposal of subsidiaries amounted to ¥49,000,000.00, marking a 100% increase as it was not recorded in the previous period[7] - Cash paid for the acquisition of fixed assets and intangible assets decreased by 86.64% to ¥17,065,953.91, indicating a significant reduction in capital expenditures[7] - Cash received from other financing activities rose by 65.51% to ¥386,316,195.12, reflecting an increase in financing activities during the period[7]