Financial Performance - Operating revenue for the first nine months of 2024 decreased by 31.61% to CNY 1,143,320,044.88, down from CNY 1,671,828,493.58 in the same period of 2023[4] - Net profit attributable to shareholders dropped by 73.86% to CNY 80,530,877.54 for the first nine months of 2024, compared to CNY 308,068,427.05 in the previous year[4] - Basic earnings per share fell by 75.46% to CNY 0.1370 for the first nine months of 2024, down from CNY 0.5582 in the same period of 2023[4] - Total operating revenue for Q3 2024 was CNY 1,143,320,044.88, a decrease of 31.5% compared to CNY 1,671,828,493.58 in the same period of 2023[28] - Net profit for Q3 2024 was CNY 80,475,015.43, a decline of 73.9% from CNY 308,068,541.67 in Q3 2023[29] Assets and Liabilities - Total assets increased by 8.85% to CNY 5,711,747,115.58 as of September 30, 2024, compared to CNY 5,247,521,841.81 at the end of 2023[4] - Total liabilities increased to CNY 3,264,741,610.10 from CNY 2,819,672,073.07, reflecting a growth of around 15.7%[24] - Current assets totaled CNY 1,536,053,159.34, slightly up from CNY 1,521,310,714.51, indicating a growth of about 0.95%[22] - Total cash outflow from operating activities was CNY 1,306,367,557.99, up from CNY 1,207,255,444.97 in the previous year, reflecting an increase of approximately 8.2%[36] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 422,182,359.55, a 19.36% reduction compared to CNY 523,568,097.11 in the previous year[4] - The net cash flow from operating activities improved to -CNY 472,739,609.73 in 2024, compared to -CNY 602,223,492.19 in 2023, indicating a reduction in cash outflow by about 21.4%[36] - The ending cash and cash equivalents balance decreased to CNY 87,801,674.12 from CNY 608,704,868.07, reflecting a decline of about 85.6%[36] Shareholder Information - The total number of restricted shares is 270,725,000, accounting for 46.07% of the total share capital of 587,681,817 shares[10] - The largest shareholder, Jilin City Guoxing New Materials Industry Investment Co., Ltd., holds 272,595,000 shares, representing 46.38% of the total shares[11] - The total number of shareholders holding more than 5% of shares is 8,019[10] - The company has pledged 29,360,000 shares, which is approximately 5.00% of the total shares held by the major shareholder[13] Operational Adjustments - Inventory increased by 59.57% to CNY 468,051,350.41, reflecting adjustments based on market conditions and production needs[6] - Short-term borrowings rose by 112.16% to CNY 800,698,305.57 to support operational liquidity[6] - The company plans to focus on market expansion and new product development to recover from the decline in revenue and profit margins[28] Government Support and Other Income - The company received government subsidies amounting to CNY 33,801,450.27 during the reporting period[8] - Non-recurring gains and losses totaled CNY 28,701,592.28 after tax impacts[8] - The company reported other income of CNY 33.82 million for the first nine months of 2023, a substantial increase from CNY 2.80 million in the same period of 2022[30] Research and Development - Research and development expenses for Q3 2024 amounted to CNY 40,443,938.09, significantly lower than CNY 74,806,316.59 in Q3 2023, indicating a potential shift in R&D focus[28] - Research and development expenses for the first nine months of 2023 were CNY 40.44 million, significantly lower than CNY 74.81 million in the same period of 2022, a reduction of approximately 46%[30]
吉林碳谷(836077) - 2024 Q3 - 季度财报