Financial Performance - Net profit attributable to shareholders decreased by 161.70% to a loss of CNY 35,651,392.20 for the first nine months of 2024, down from a profit of CNY 57,785,359.73 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 was CNY 237,906,632.67, representing an 11.71% decline from CNY 269,458,425.69 in the previous year[3] - Total operating revenue for the first nine months of 2024 was CNY 237.91 million, a decrease of 11.7% compared to CNY 269.46 million in the same period of 2023[23] - Total operating costs increased to CNY 232.85 million, up 12.0% from CNY 207.93 million year-over-year[23] - Net profit for the first nine months of 2024 was a loss of CNY 35.65 million, compared to a profit of CNY 57.79 million in the same period of 2023[24] - Basic and diluted earnings per share for the first nine months of 2024 were both CNY -0.30, down from CNY 0.59 in the same period of 2023[25] Cash Flow - The net cash flow from operating activities improved by 93.10%, reaching a negative CNY 6,021,972.16, compared to a negative CNY 87,336,563.54 in the same period last year[3] - Cash flow from operating activities for the first nine months of 2024 was a net outflow of CNY 6.02 million, an improvement from a net outflow of CNY 87.34 million in the same period of 2023[28] - Total cash inflow from operating activities was CNY 202,680,446.42, while total cash outflow was CNY 177,638,231.69, resulting in a net cash inflow of CNY 25,042,214.73[30] - Cash received from sales of goods and services was CNY 152,851,290.54, down 18.6% from CNY 187,711,355.33 in the first nine months of 2023[29] - Cash received from other operating activities increased to CNY 49,829,155.88, up 66.5% from CNY 29,915,005.52 year-over-year[29] Assets and Liabilities - Total assets increased by 20.44% to CNY 1,449,527,433.36 as of September 30, 2024, compared to CNY 1,203,569,648.65 at the end of 2023[3] - The company's total liabilities to assets ratio increased to 44.33% from 28.94% year-on-year[3] - Total liabilities increased to CNY 642,595,372.32 from CNY 348,309,481.77, indicating a rise of approximately 84.5%[19] - The company's short-term borrowings rose to CNY 226,632,299.53 from CNY 185,281,305.41, an increase of about 22.3%[18] - Long-term borrowings surged by 2,595.47% to CNY 135,000,000.00, reflecting new project financing[5] Investments and Projects - The construction of the "30,000 tons high-end special graphite carbon material" project significantly impacted various financial metrics, including a 184.75% increase in construction in progress to CNY 405,928,073.33[4] - The company reported a significant increase in construction in progress, which rose to CNY 405,928,073.33 from CNY 142,556,993.56, marking an increase of approximately 184.5%[18] - The net cash flow from investing activities was negative CNY 281,650,256.85, indicating substantial capital expenditures for project development[6] Shareholder Information - The total number of unrestricted shares at the end of the reporting period was 60,493,299, representing 50.83% of total shares[8] - The largest shareholder, Yang Suiyun, holds 52,893,162 shares, accounting for 44.45% of total shares[9] - The total share capital at the end of the reporting period remained at 119,000,000 shares[8] Financial Obligations and Guarantees - The company provided external guarantees amounting to ¥10,000,000, with the full amount still outstanding[13] - The total balance of loans provided to the Pingdingshan Shilong District Treasury Payment Service Center was ¥3,153,079.13 at the end of the reporting period[14] Other Financial Metrics - The company reported a 41.47% increase in financial expenses, totaling CNY 6,429,631.91, attributed to higher interest-bearing liabilities[5] - Research and development expenses for the first nine months of 2024 were CNY 9.94 million, slightly up from CNY 9.26 million in the same period of 2023[25] - The company incurred interest expenses of CNY 6.21 million in the first nine months of 2024, compared to CNY 4.77 million in the same period of 2023[25] - The company reported a significant increase in sales expenses, which rose to CNY 2.74 million from CNY 2.40 million in the same period of 2023[25] Compliance and Commitments - The company has fulfilled all disclosed commitments in a timely manner[12] - The company has no significant litigation or arbitration matters during the reporting period[12] - There were no changes in the accounting policies or corrections of accounting errors reported[7]
东方碳素(832175) - 2024 Q3 - 季度财报