712 Corp.(SH:603712)2024-10-29 08:52Financial Performance - The company's operating revenue for Q3 2024 was ¥407,865,626.04, a decrease of 53.93% compared to the same period last year[2] - The net profit attributable to shareholders was -¥94,184,717.35, representing a decline of 194.37% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥101,856,832.09, down 204.70% from the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 1,609,413,413.08, a decrease of 29% compared to CNY 2,265,675,067.28 in the same period of 2023[15] - Net profit for the third quarter of 2024 was a loss of CNY 9,880,489.91, compared to a profit of CNY 322,156,476.35 in the same quarter of 2023[17] - The total comprehensive income attributable to the parent company's owners for Q3 2024 was -27,249,970.33 CNY, compared to 307,935,917.75 CNY in Q3 2023[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,097,415,454.46, a decrease of 6.86% from the end of the previous year[3] - The total assets as of the end of the third quarter of 2024 were CNY 9,097,415,454.46, down from CNY 9,767,697,825.25 at the end of the third quarter of 2023, representing a decrease of approximately 7%[14] - Total liabilities as of the end of the third quarter of 2024 were CNY 4,392,693,864.90, a decrease from CNY 5,007,620,390.73 in the same period of 2023, reflecting a reduction of about 12%[14] - The total equity attributable to shareholders of the parent company was CNY 4,598,334,733.14, down from CNY 4,668,339,480.80, indicating a decrease of approximately 1.5%[14] Cash Flow and Liquidity - The company reported a cash flow from operating activities of -¥470,306,315.04 year-to-date[2] - The company's cash and cash equivalents were reported at RMB 231.25 million, down from RMB 999.05 million, indicating a significant reduction in liquidity[12] - The company's cash and cash equivalents decreased to CNY 200,125,555.56 from CNY 300,186,388.89, a decline of approximately 33%[14] - The company's cash and cash equivalents at the end of Q3 2024 amounted to 226,075,216.72 CNY, down from 397,224,854.41 CNY at the end of Q3 2023[20] - The net cash flow from operating activities for the first three quarters of 2024 was -470,306,315.04 CNY, an improvement from -540,487,185.15 CNY in the same period of 2023[19] Shareholder Information - The company had a total of 34,750 common shareholders at the end of the reporting period[7] - The top ten shareholders include Tianjin Zhibo Intelligent Technology Development Co., Ltd., holding 370.17 million shares, which constitutes a significant portion of the company's equity[9] - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders[9] - The company has not engaged in any share lending or borrowing activities during the reporting period[10] Operational Insights - The decrease in revenue was primarily due to cyclical fluctuations in the industry and lower-than-expected orders[5] - The financial report did not indicate any new products or technologies being developed or launched in the near future[11] - There are no significant mergers or acquisitions reported during this quarter, and the company has not outlined any new strategic initiatives[11] Expenses and R&D - Total operating costs for the first three quarters of 2024 were CNY 1,667,566,788.72, down from CNY 1,966,813,042.41 in 2023, reflecting a decrease of approximately 15%[15] - Research and development expenses for the first three quarters of 2024 amounted to CNY 381,514,328.73, a decrease from CNY 487,559,329.88 in 2023, indicating a reduction of about 22%[17] - The company reported a significant increase in financial expenses, which rose to CNY 16,284,232.24 from CNY 5,885,235.79, marking an increase of approximately 176%[17] Accounts Receivable and Inventory - Accounts receivable increased to RMB 3.92 billion from RMB 3.33 billion, representing a growth of approximately 17.5%[12] - Inventory decreased to RMB 2.69 billion from RMB 3.08 billion, showing a decline of about 12.6%[12]