SJY.(SH:600676)2024-10-30 07:39Financial Performance - The company's operating revenue for Q3 2024 was ¥1,025,424,649.28, a decrease of 31.75% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥94,243,922.61, representing a decline of 179.34% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥118,323,793.35, down 126.15% from the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.09, a decrease of 205.44% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 3,022,559,560.65, a decrease of 21.1% compared to CNY 3,833,369,503.54 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was a loss of CNY 230,481,255.99, compared to a loss of CNY 85,252,377.86 in the same period of 2023[17] - The company’s total comprehensive loss for the first three quarters of 2024 was CNY 230,001,665.38, compared to a loss of CNY 85,089,516.15 in 2023[18] - Basic and diluted earnings per share for the first three quarters of 2024 were both -CNY 0.22, compared to -CNY 0.09 in the same period of 2023[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥117,717,069.98, down 37.49% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2024 was ¥117,717,069.98, a decrease of 37.4% compared to ¥188,330,015.10 in Q3 2023[20] - Total cash inflow from operating activities was ¥3,957,482,708.21, down 18.2% from ¥4,839,781,639.25 in the previous year[20] - Cash outflow from operating activities totaled ¥3,839,765,638.23, a decrease of 17.4% compared to ¥4,651,451,624.15 in Q3 2023[20] - The cash flow from operating activities generated a net inflow of CNY 89,866,324.31, a significant improvement from a net outflow of CNY -3,047,011.80 in the previous year[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,257,075,674.68, a decrease of 7.89% from the end of the previous year[3] - As of September 30, 2024, the company's total assets amounted to CNY 7,257,075,674.68, a decrease from CNY 7,879,104,564.58 as of December 31, 2023, representing a decline of approximately 7.9%[12] - The company's current assets totaled CNY 4,551,322,301.70, down from CNY 4,949,095,274.73, indicating a decrease of about 8.0%[13] - Total liabilities decreased to CNY 1,900,348,518.91 from CNY 2,295,979,477.38, a reduction of about 17.2%[14] - The total liabilities increased to CNY 475,013,022.81 from CNY 354,550,020.49, reflecting a growth of 33.9% year-over-year[25] Investment and Joint Ventures - The company reported a loss from its joint venture, Shanghai Intel Transportation Auto Parts Co., Ltd., leading to a decision to dissolve the joint venture[7] - The company plans to dissolve and liquidate the joint venture Shanghai Intel Automotive Parts Co., Ltd. due to its losses[8] - Investment income for the year-to-date period shows a loss of -390.83 million RMB, attributed to losses from the joint venture Shanghai Intel Automotive Parts Co., Ltd.[8] - The company recorded investment losses of CNY -9,579,916.51, an increase in losses compared to CNY -27,678.86 in the same period last year[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 41,982[10] - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., holds 373,767,497 shares, representing 36.34% of the total shares[10] Government Support - The company received government subsidies totaling ¥33,203,790.60 from January to September 2024, which contributed to its financial performance[5] Research and Development - Research and development expenses for the year-to-date period amount to -30.28 million RMB, a decrease due to reduced product business volume in the automotive parts manufacturing and sales segment[8] - Research and development expenses were CNY 23,505,283.61, down from CNY 33,711,998.61, a reduction of 30.3%[16] Future Outlook - The company’s management indicated a focus on cost control and efficiency improvements in response to declining revenues[17] - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[17]