DYEC(SH:600403)2024-10-30 09:02Financial Performance - The total revenue for the third quarter was CNY 1,273,397,338.52, representing a year-on-year increase of 5.86%[2]. - The net profit attributable to shareholders was CNY -296,073,376.96, a decrease of 494.88% compared to the same period last year[2]. - The basic earnings per share for the current period was CNY -0.1238, a decrease of 510.92% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2024 was CNY 3,873,331,978.46, a decrease of 15.2% compared to CNY 4,571,998,051.11 in the same period of 2023[11]. - Net profit for the first three quarters of 2024 was a loss of CNY 724,525,703.69, compared to a profit of CNY 290,086,517.12 in the same period of 2023[13]. - The net profit attributable to shareholders of the parent company for the first three quarters of 2024 was a loss of CNY 785,951,759.60, compared to a profit of CNY 199,037,980.91 in the previous year[14]. - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY -0.3287, compared to CNY 0.0833 in the same period of 2023[14]. Cash Flow - The net cash flow from operating activities was CNY -181,307,903.76, reflecting a decline of 211.81% year-on-year[5]. - In the first three quarters of 2024, the company's cash inflow from operating activities was approximately CNY 4.25 billion, a decrease of 19.8% compared to CNY 5.30 billion in the same period of 2023[15]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 308.67 million, down 68.7% from CNY 986.53 million in the previous year[15]. - The cash inflow from financing activities totaled CNY 7.52 billion in the first three quarters of 2024, an increase of 21.2% from CNY 6.20 billion in 2023[16]. - The net cash flow from financing activities was CNY 940.62 million in 2024, compared to a net outflow of CNY 1.73 billion in the previous year[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,659,832,261.48, a slight increase of 0.12% from the previous year[3]. - The equity attributable to shareholders decreased to CNY 6,006,942,659.97, down 16.87% from the end of the previous year[3]. - The company's total liabilities were RMB 11.32 billion, slightly down from RMB 11.44 billion at the end of 2023, indicating a decrease of approximately 1.0%[10]. - Total liabilities as of the end of the third quarter of 2024 were CNY 14,922,084,101.58, compared to CNY 13,549,164,914.01 at the end of the same period in 2023, representing an increase of 10.1%[11]. - The company reported a significant increase in long-term payables, which rose to CNY 1,841,941,887.20 from CNY 224,957,019.99, marking a substantial increase of 718.5%[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,399[6]. - Major shareholders include Yima Coal Industry Group Co., Ltd., holding 61.81% of shares, and Qinghai Yihai Energy Co., Ltd., holding 22.69%[6]. Operational Highlights - The company reported a significant decline in sales volume and selling prices, impacting overall profitability[5]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[8]. - Research and development expenses for the first three quarters of 2024 were CNY 154,866,835.30, an increase from CNY 144,806,909.24 in the previous year, indicating a growth of 6.9%[12]. Inventory and Receivables - Accounts receivable decreased to RMB 719.62 million from RMB 811.00 million, showing a decline of about 11.3%[9]. - The company’s inventory increased to RMB 200.80 million from RMB 180.68 million, representing an increase of approximately 11.1%[9].