Trendzone(SH:603030)2024-10-30 08:25Financial Performance - The company's operating revenue for Q3 2024 was ¥147,693,785.84, a decrease of 40.56% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥26,104,060.35, reflecting a decline of 13.03% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥34,198,544.93, down 30.99% from the previous year[2]. - The basic earnings per share for Q3 2024 was -¥0.02, a decrease of 13.94% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 583,081,475.61, a decrease of 25.6% compared to CNY 783,408,938.07 in the same period of 2023[16]. - Operating profit for the first three quarters of 2024 was a loss of CNY 35,645,242.20, compared to a profit of CNY 302,355,963.51 in the same period of 2023[16]. - The total profit for Q3 2024 was -32,995,888.95 RMB, a decrease from 3,085,065.35 RMB in Q3 2023[17]. - The net profit attributable to shareholders of the parent company was -34,404,262.56 RMB, compared to 7,632,335.90 RMB in the same period last year[17]. - The total comprehensive income for Q3 2024 was -31,762,332.11 RMB, down from 5,831,560.29 RMB in Q3 2023[17]. - Cash flow from operating activities for the first three quarters of 2024 was -202,786,580.65 RMB, compared to 73,102,057.39 RMB in the same period of 2023[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,335,332,090.83, a decrease of 17.72% from the end of the previous year[3]. - Non-current assets totaled CNY 841,500,575.00, a decrease of 3.9% from CNY 875,887,178.96 in the previous year[15]. - Total liabilities amounted to CNY 1,270,665,222.77, down 26.9% from CNY 1,739,494,254.29 in 2023[15]. - Current liabilities decreased to CNY 869,702,126.54, a reduction of 32.7% compared to CNY 1,293,301,424.53 in the previous year[15]. - Long-term borrowings were CNY 133,842,630.61, down 22.4% from CNY 172,424,586.96 in 2023[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥202,786,580.65, a decline of 377.40% year-on-year[6]. - Cash inflow from operating activities totaled 655,432,413.67 RMB, a decrease from 1,145,865,468.30 RMB year-over-year[18]. - Cash outflow from operating activities was 858,218,994.32 RMB, compared to 1,072,763,410.91 RMB in the previous year[18]. - The net cash flow from investing activities was 17,698,157.42 RMB, an improvement from -4,627,301.15 RMB in Q3 2023[19]. - The net cash flow from financing activities was 213,764,210.82 RMB, compared to -24,434,233.76 RMB in the same period last year[19]. - The ending balance of cash and cash equivalents was 126,743,051.32 RMB, down from 165,915,304.35 RMB at the end of Q3 2023[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,932[8]. - The company reported a total of 5,781,200 shares repurchased, accounting for 0.4390% of the total share capital, with a total repurchase amount of RMB 10,459,846[11]. - The combined shareholding of Zhu Bin and Dayou Kerong (Beijing) Technology Center reached 248,296,361 shares, representing 18.85% of the total share capital[10]. - The company plans to increase its shareholding by an amount not less than RMB 10 million and not more than RMB 20 million within six months starting from June 22, 2024[10]. Operational Changes - The decrease in operating revenue was attributed to industry cycles and the company's transformation and business adjustments[6]. - The company’s subsidiary, Shanghai Quanpin Interior Decoration Co., Ltd., was declared bankrupt, and it will no longer be included in the consolidated financial statements[12]. Inventory and Receivables - As of September 30, 2024, the company's current assets totaled RMB 1,493,831,515.83, a decrease of 24% from RMB 1,962,360,463.87 at the end of 2023[13]. - The cash and cash equivalents decreased significantly to RMB 132,197,425.70 from RMB 534,165,251.30, representing a decline of approximately 75%[13]. - Accounts receivable amounted to RMB 405,724,176.24, down from RMB 434,957,139.59, indicating a decrease of about 6.7%[13]. - The company’s inventory decreased to RMB 153,012,266.90 from RMB 165,977,415.14, reflecting a decline of approximately 7.5%[13]. - The company’s other receivables increased to RMB 445,312,147.38 from RMB 423,255,302.16, showing an increase of about 5.2%[13]. - The company’s contract assets decreased to RMB 254,969,424.40 from RMB 294,450,995.34, indicating a decline of approximately 13.4%[13]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 16,413,661.39, a decrease of 30.5% from CNY 23,625,518.57 in 2023[16]. Return on Assets - The weighted average return on net assets was -2.57%, an increase of 10.27 percentage points compared to the previous year[3]. Retained Earnings - The company reported a net loss of CNY 1,378,975,280.40 in retained earnings, compared to a loss of CNY 1,344,571,017.84 in the previous year[15].