Wanli New Energy(600847)2024-10-30 09:47Financial Performance - The company's operating revenue for Q3 2024 was ¥112,450,617.88, a decrease of 15.67% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was -¥12,033,673.31 for Q3 2024, with a year-to-date net profit of -¥24,957,494.52[2]. - The basic earnings per share for Q3 2024 was -¥0.08, unchanged from the diluted earnings per share[4]. - Total operating revenue for the first three quarters of 2024 was CNY 380,577,295.71, a decrease of 4.3% compared to CNY 400,293,783.07 in the same period of 2023[21]. - The company reported a net loss of CNY 24,957,494.52 for the first three quarters of 2024, compared to a net loss of CNY 13,380,418.92 in the same period of 2023[22]. - The total comprehensive income attributable to the parent company for Q3 2024 was -24,957,494.52 CNY, reflecting a worsening financial position compared to the previous year[23]. - The basic and diluted earnings per share for Q3 2024 were both -0.16 CNY, compared to -0.09 CNY in Q3 2023, showing a decline in earnings performance[23]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥687,163,964.29, representing a decrease of 4.49% from the end of the previous year[4]. - Total assets as of September 30, 2024, were CNY 687,163,964.29, down from CNY 719,465,704.34 at the end of 2023, indicating a decrease of 4.5%[20]. - Total liabilities as of September 30, 2024, were CNY 48,876,297.60, compared to CNY 56,220,543.13 at the end of 2023, a decrease of 13.2%[20]. Cash Flow - Cash flow from operating activities for Q3 2024 was ¥19,237,985.79, showing a significant improvement from a net outflow of -¥10,691,394.06 year-to-date[2]. - Cash flow from operating activities for the first nine months of 2024 was -10,691,394.06 CNY, an improvement from -39,110,019.02 CNY in the same period of 2023[24]. - The total cash inflow from operating activities for the first nine months of 2024 was 377,937,466.05 CNY, compared to 369,688,761.14 CNY in the same period of 2023, showing a slight increase[24]. - The total cash outflow from operating activities for the first nine months of 2024 was 388,628,860.11 CNY, down from 408,798,780.16 CNY in the same period of 2023, indicating improved cost management[24]. - The company reported a net decrease in cash and cash equivalents of -12,130,155.99 CNY for Q3 2024, compared to -39,727,554.82 CNY in Q3 2023, indicating improved cash management[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,259[9]. - The top shareholder, Jiatiansha Asset Management Co., Ltd., holds 17,708,110 shares, representing 11.55% of total shares[9]. - The second-largest shareholder, Shenzhen Nanfang Tongzheng Investment Co., Ltd., holds 10,072,158 shares, representing 6.57%[9]. - The total shares held by the top ten unrestricted shareholders amount to 70,000,000 shares[9]. - The top ten shareholders include individuals and entities with significant stakes, such as Zhang Zhidong with 5,162,800 shares (3.37%)[11]. Legal and Arbitration Matters - The company reported an investment loss of RMB 127,110,000 due to a transaction involving Teri Battery shares[12]. - The arbitration ruling requires the first and second respondents to pay the company RMB 127,110,000 for investment losses[13]. - The company is in the process of executing the arbitration ruling as of the balance sheet date[13]. - The company incurred a legal fee of RMB 300,000 related to the arbitration case[13]. - The company has initiated arbitration proceedings to enforce the compensation obligations related to the investment loss[12]. - The controlling shareholder, Jia Tian Xia, has filed a lawsuit against Southern Tongzheng Company and Liu Xicheng, seeking a return of asset compensation amounting to RMB 200 million and a penalty of RMB 300 million[14]. - As of September 30, 2024, the company has receivables from Southern Tongzheng for loss compensation totaling RMB 191,392,940.94, with an expected loss deduction of RMB 21,550,217.00 for the year[16]. - The company has pledged 10,072,158 shares (6.57% of total shares) to Jia Tian Xia as collateral for the performance of obligations under the share transfer agreement[16]. - The company has initiated arbitration against Liu Xicheng and others for failing to fulfill investment loss compensation obligations, with ongoing litigation regarding asset transfer obligations[16]. Operational Expenses - Sales expenses decreased by 19.44%, primarily due to reduced advertising and product maintenance costs[8]. - Research and development expenses for the first three quarters of 2024 were CNY 838,720.23, down from CNY 1,093,580.96 in 2023, a decrease of 23.3%[22].