Shenqi(SH:600613)2024-10-30 08:22Financial Performance - The company's operating revenue for Q3 2024 was ¥452,907,483.62, a decrease of 10.29% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥21,516,765.12, down 31.06% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,969,675.35, a decrease of 30.05% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 1,563,273,519.07, a decrease of 8.6% compared to CNY 1,710,542,948.95 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was CNY 58,814,156.96, a decline of 10.0% from CNY 65,449,848.56 in the same period of 2023[17]. - The total comprehensive income for the first three quarters of 2024 was CNY 72,167,123.07, compared to CNY 69,119,392.64 in the same period of 2023, indicating an increase of about 3.0%[18]. Earnings Per Share - The basic earnings per share for Q3 2024 decreased by 32.85% compared to the same period last year[8]. - The diluted earnings per share for Q3 2024 also decreased by 32.85% year-on-year[8]. - The company reported a basic earnings per share of CNY 0.11 for the first three quarters of 2024, down from CNY 0.12 in the same period of 2023[18]. Cash Flow - The net cash flow from operating activities for the period was ¥58,127,534.61, an increase of 151.15% year-on-year[3]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 181,041,484.29, an increase of 9.5% from CNY 165,498,838.99 in 2023[19]. - The company reported cash inflows from operating activities of CNY 1,573,777,681.40, a decrease of 5.5% compared to CNY 1,665,571,777.45 in the same period of 2023[19]. - Cash outflows for purchasing goods and services amounted to CNY 574,861,431.56, which is an increase of 5.4% compared to CNY 545,502,834.97 in the previous year[19]. - The company received tax refunds of CNY 4,059,228.49, an increase of 62.3% compared to CNY 2,503,259.04 in 2023[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥3,211,291,368.53, a decrease of 2.07% from the end of the previous year[4]. - The company's total liabilities decreased to CNY 788,595,364.89 from CNY 888,769,635.45, reflecting a reduction of approximately 11.3%[16]. - Current liabilities decreased to approximately ¥600.09 million from ¥686.04 million, a reduction of 12.5%[13]. - Non-current liabilities decreased to ¥157.8 million from ¥170.1 million, a decline of 7.2%[13]. - The equity attributable to shareholders increased by 0.83% to ¥2,354,686,789.41 compared to the end of the previous year[4]. - The total equity attributable to shareholders increased to CNY 2,354,686,789.41 from CNY 2,335,387,196.13, representing a growth of about 0.8%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 55,996[9]. - Guizhou Magic Holdings (Group) Co., Ltd. held 90,661,620 shares, accounting for 16.98% of total shares[9]. Inventory and Receivables - Accounts receivable decreased to ¥378.45 million from ¥393.18 million, a decline of 3.7%[12]. - Inventory decreased to ¥228.69 million from ¥242.86 million, a reduction of 5.8%[12]. - The company reported a total of 1,707,524,102.65 in current assets, down from 1,772,252,404.72, a decrease of 3.7%[12]. Financial Expenses and R&D - The company’s financial expenses decreased significantly to CNY 1,883,584.63 from CNY 7,993,964.06, a reduction of approximately 76.5%[16]. - Research and development expenses for the first three quarters of 2024 were CNY 31,895,111.13, slightly up from CNY 31,487,817.57 in the same period of 2023[16]. Credit and Impairment - The company experienced a 160.61% increase in credit impairment losses, attributed to an increase in bad debt provisions for receivables[6]. - Deferred income tax liabilities increased to CNY 19,192,164.42 from CNY 14,341,504.28, marking an increase of approximately 33.0%[16]. Cash Flow from Financing Activities - The company reported a significant increase in cash flow from financing activities, up 68.89% due to increased bank acceptance bill discounts[6]. - Cash inflows from financing activities totaled CNY 79,402,669.59, significantly higher than CNY 28,857,135.99 in the previous year[20]. - The net cash flow from financing activities was -CNY 25,750,032.72, an improvement from -CNY 82,773,462.69 in 2023[20].