Financial Performance - Revenue for the first nine months of 2024 was CNY 97,499,082.17, down 57.68% from CNY 230,408,343.10 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was a loss of CNY 15,297,491.94, compared to a profit of CNY 66,436,307.21 in the same period of 2023, representing a decline of 123.03%[5] - The net profit for the current period is -154.88 million, representing a 123.31% decrease compared to the same period last year, attributed to the drop in operating revenue[9] - The total profit for the current period is -167.56 million, a decrease of 120.72% year-on-year, primarily due to the decline in operating revenue[9] - The company reported a net loss of ¥15,488,171.76 for the current period, compared to a net profit of ¥66,436,307.21 in the same period last year, representing a significant decline[25] - The company's operating profit was reported at -¥16,799,835.38, a stark contrast to the operating profit of ¥80,928,457.46 from the previous year[25] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was CNY 40,913,437.31, a decrease of 70.68% from CNY 139,530,085.80 in the same period of 2023[5] - Operating cash flow for the first nine months of 2024 is CNY 40,913,437.31, a decrease of 70.7% compared to CNY 139,530,085.80 in the same period of 2023[29] - Cash inflow from operating activities totaled CNY 133,611,325.11, down from CNY 279,395,576.62 in the same period of 2023[30] - Total cash outflow from operating activities was CNY 97,227,225.14, a decrease from CNY 146,143,990.49 in the previous year[31] - The net cash flow from financing activities was negative CNY 55,927,280.71, worsening from negative CNY 38,672,482.39 in the previous year[29] Assets and Liabilities - Total assets as of September 30, 2024, were CNY 632,848,701.17, a decrease of 4.20% compared to CNY 660,584,791.26 at the end of 2023[4] - The company’s total liabilities to assets ratio increased to 10.10% as of September 30, 2024, compared to 6.64% at the end of 2023[4] - Current assets decreased from CNY 516,692,126.37 to CNY 486,869,890.93, a reduction of about 5.8%[18] - Total liabilities amounted to CNY 56,877,135.42 as of September 30, 2024, up from CNY 42,774,233.95 at the end of 2023, representing an increase of approximately 33.0%[22] - Current liabilities increased from CNY 41,113,191.43 to CNY 62,027,553.24, an increase of about 50.9%[19] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 78.96% to CNY 69,980,245.75 due to increased product output and pending acceptance[6] - Inventory increased significantly from CNY 39,103,967.99 to CNY 69,980,245.75, an increase of approximately 78.6%[18] - Accounts receivable decreased from CNY 100,006,625.83 to CNY 76,777,010.11, representing a decrease of about 23.2%[18] - Accounts receivable decreased to CNY 86,466,259.71 from CNY 99,237,789.36, indicating a decline of about 13.0%[21] Expenses and Costs - Operating costs decreased to 485.31 million, down 44.32% year-on-year, mainly due to the decline in operating revenue[8] - Total operating costs for the first nine months of 2024 were CNY 123,219,083.36, down from CNY 161,016,990.35 in 2023, indicating a reduction of about 23.4%[24] - Research and development expenses increased to CNY 22,016,691.91 in 2024 from CNY 19,336,491.25 in 2023, reflecting a growth of approximately 8.7%[24] - Sales expenses rose to 339.77 million, an increase of 38.43% year-on-year, driven by the establishment of new subsidiaries and market expansion efforts[8] Shareholder Information - The company has maintained a total share capital of 82,077,246 shares, with significant holdings by major shareholders[13] - Basic and diluted earnings per share were both reported at -¥0.19, compared to ¥0.95 in the same period last year[26] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was -2.57% for the first nine months of 2024, down from 22.03% in the same period of 2023[5] - The company reported a significant increase in financial income, with financial expenses showing a decrease of 608.74% due to higher interest income from large deposits[8] - The company incurred credit impairment losses of ¥2,584,660.62, compared to a gain of -¥1,725,099.17 in the previous year[26]
卓兆点胶(873726) - 2024 Q3 - 季度财报