Westone(002268)2024-10-29 12:05Financial Performance - The company's operating revenue for Q3 2024 was ¥351,925,190.83, a decrease of 39.09% compared to the same period last year[2] - The net profit attributable to shareholders was ¥2,155,221.40, down 96.44% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥2,211,047.38, a decline of 104.24%[2] - Total operating revenue for Q3 2024 was CNY 992,623,175.20, a decrease of 42.3% compared to CNY 1,721,312,988.76 in the same period last year[13] - The company reported a net loss of CNY 320,640,189.31 for Q3 2024, compared to a profit of CNY 48,912,610.51 in the previous year[13] - The report indicates that the company is actively involved in financing and securities lending activities, with specific shareholders participating in these operations[8] - The company reported a total comprehensive income of -214,613,450.99 CNY for the quarter, compared to 75,029,649.15 CNY in the previous year[14] - Basic and diluted earnings per share were both -0.2521 CNY, a decline from 0.0899 CNY in the same quarter last year[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,681,542,507.16, representing a decrease of 12.39% from the end of the previous year[2] - The total current assets decreased from CNY 5,645,788,317.08 to CNY 4,635,608,072.38, a decline of approximately 17.9%[10] - The total liabilities decreased to CNY 1,405,791,728.36 from CNY 2,087,366,305.71, a reduction of 32.7%[12] - The total equity attributable to shareholders decreased by 4.74% to ¥5,274,260,474.50 compared to the end of the previous year[2] - The equity attributable to shareholders of the parent company was CNY 5,274,260,474.50, down from CNY 5,536,555,722.76, a decrease of 4.7%[12] Cash Flow - The cash flow from operating activities showed a net outflow of -¥938,516,493.25, a decline of 105.72% compared to the same period last year[5] - Operating cash flow for the period was -938,516,493.25 CNY, worsening from -456,204,901.92 CNY year-over-year[16] - Total cash inflow from operating activities was 1,234,425,454.46 CNY, down from 1,460,712,695.72 CNY in the previous year[16] - Cash outflow for purchasing goods and services increased to 1,303,203,802.56 CNY from 1,060,434,251.65 CNY year-over-year[16] - The net cash flow from financing activities was -84,891,475.22 CNY, slightly improved from -87,680,457.92 CNY year-over-year[16] Shareholder Information - The company had a total of 93,271 common shareholders at the end of the reporting period[6] - The company has a diverse shareholder base, with significant stakes held by major institutional investors, indicating strong market confidence[8] Operational Insights - The company experienced a 42.33% decrease in total operating income year-on-year, attributed to a complex macroeconomic environment and reduced demand from major clients[5] - The company's cash and cash equivalents decreased by 42.01% due to increased procurement payments and a cyclical decline in sales collections[5] - The company reported a significant increase in contract assets from CNY 285,201,163.25 to CNY 319,425,641.68, an increase of about 12%[10] - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the provided content[10] - The company plans to focus on enhancing its R&D capabilities and exploring new market opportunities to drive future growth[12] Other Financial Metrics - The weighted average return on net assets was 0.03%, down 1.12 percentage points from the previous year[2] - Research and development expenses amounted to CNY 325,184,924.59, slightly increasing from CNY 316,736,368.62 year-over-year[13] - Deferred tax assets increased to CNY 330,126,011.64 from CNY 218,914,885.63, representing a growth of 50.9%[12] - The company's long-term equity investments decreased from CNY 27,900,429.77 to CNY 26,305,125.70, a decline of approximately 5.7%[10] - The company has not undergone an audit for the Q3 report[17]