醋化股份(603968) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was CNY 702,812,524.73, a decrease of 13.33% compared to the same period last year[2] - Net profit attributable to shareholders was a loss of CNY 49,639,268.85, representing a decline of 110.00% year-over-year[2] - Net profit excluding non-recurring gains and losses was a loss of CNY 53,278,791.54, down 62.36% from the previous year[2] - Basic earnings per share for Q3 2024 was -CNY 0.2387, a decrease of 104.19% compared to the same period last year[2] - Net profit for the third quarter of 2024 was a loss of CNY 91,351,734.39, compared to a profit of CNY 65,154,892.58 in the same quarter of 2023[15] - The total comprehensive income for the third quarter of 2024 was a loss of CNY 90,875,229.29, compared to a profit of CNY 65,144,702.88 in the same quarter of 2023[15] - Basic earnings per share for the third quarter of 2024 were CNY -0.4503, down from CNY 0.3103 in the same quarter of 2023[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,470,732,217.13, a decrease of 2.12% from the end of the previous year[3] - The company's current assets totaled RMB 2,191,712,066.18, down from RMB 2,245,606,780.33, indicating a decrease of about 2.41%[11] - Cash and cash equivalents decreased significantly from RMB 896,589,238.17 to RMB 471,179,055.51, representing a decline of approximately 47.5%[11] - Accounts receivable increased from RMB 359,471,975.41 to RMB 457,571,494.65, showing an increase of about 27.3%[11] - Inventory rose from RMB 256,698,070.90 to RMB 285,519,315.53, marking an increase of approximately 11.2%[11] - Total liabilities increased from RMB 1,461,914,903.54 to RMB 1,517,065,772.82, reflecting a rise of about 3.8%[12] - The company's equity attributable to shareholders decreased from RMB 1,993,946,639.94 to RMB 1,860,662,012.01, a decline of approximately 6.67%[13] Cash Flow - Cash flow from operating activities for the year-to-date was a net outflow of CNY 24,525,152.38, a decline of 230.33% year-over-year[6] - The company reported a significant decrease in cash flow from operating activities, totaling CNY 1,766,694,018.30 in 2024 compared to CNY 2,333,258,325.29 in 2023, a decline of 24.3%[16] - Net cash flow from investment activities was -414,466,502.31, compared to -165,016,011.80 in the previous period, indicating a significant increase in cash outflow[17] - Total cash inflow from financing activities was 547,064,682.03, slightly up from 505,131,570.31 in the previous period[17] - Cash outflow from financing activities totaled 537,313,730.48, compared to 437,122,453.79 in the previous period, reflecting increased financial obligations[17] - The net increase in cash and cash equivalents was -429,738,634.08, a decline from -75,691,420.98 in the previous period[17] - The ending balance of cash and cash equivalents was 456,160,441.44, down from 751,797,704.48 in the previous period[17] - Cash paid for investment activities amounted to 1,827,015,200.00, significantly higher than 516,588,336.23 in the previous period[17] - Cash received from borrowing was 547,064,682.03, compared to 452,333,370.31 in the previous period, indicating increased reliance on debt financing[17] - Cash paid for debt repayment was 444,100,000.00, up from 257,500,000.00 in the previous period, showing a rise in debt servicing costs[17] - Cash paid for dividends and interest was 73,114,182.96, down from 179,622,453.79 in the previous period, suggesting a reduction in shareholder returns[17] Operating Performance - Total operating revenue for the first three quarters of 2024 was CNY 2,198,902,945.07, a decrease of 9.3% compared to CNY 2,425,293,050.06 in the same period of 2023[14] - Total operating costs decreased to CNY 2,244,815,413.87 from CNY 2,333,374,691.43, reflecting a reduction of 3.8%[14] - The gross profit margin for the first three quarters of 2024 was impacted by increased operating costs, leading to a negative operating profit of CNY 98,532,698.40[15] - Research and development expenses for the first three quarters of 2024 were CNY 67,239,395.73, down from CNY 84,895,167.27, a decrease of 20.9%[14] Financial Position - Shareholders' equity attributable to shareholders was CNY 1,860,662,012.01, down 6.68% year-over-year[3] - The weighted average return on net assets was -2.59%, a decrease of 1.58 percentage points compared to the previous year[3] - The company experienced significant declines in both revenue and net profit due to market price fluctuations and reduced product gross margins[5] - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[18]