2024-10-30 09:31Financial Performance - The company's operating revenue for the third quarter was ¥28,232,640,204, a decrease of 21.73% compared to the same period last year[2] - The net profit attributable to shareholders of the listed company was -¥1,396,284,654, representing a decline of 190.40% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,532,253,060, a decrease of 216.01% compared to the previous year[2] - The basic earnings per share for the third quarter was -¥0.13, down 189.35% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 74.74 billion, a decrease of 23.8% compared to CNY 98.18 billion in the same period of 2023[15] - Net profit for the first three quarters of 2024 was a loss of CNY 493.17 million, compared to a profit of CNY 4.17 billion in the same period of 2023[16] - The total comprehensive income attributable to minority shareholders was -621,123,764 RMB, compared to -342,016,581 RMB in the previous year[17] - Basic and diluted earnings per share were both 0.01 RMB, down from 0.43 RMB in the same period last year[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥223,065,816,625, an increase of 2.14% compared to the end of the previous year[3] - As of September 30, 2024, the total current assets amounted to CNY 102.54 billion, compared to CNY 101.11 billion as of December 31, 2023, reflecting a slight increase[12] - The total non-current assets decreased from CNY 85.73 billion to CNY 82.73 billion, a decline of approximately 3.5%[12] - The company’s long-term equity investments decreased from CNY 37.14 billion to CNY 29.50 billion, a decline of about 20.6%[12] - Total liabilities rose to CNY 101.00 billion, an increase from CNY 93.99 billion in the previous year[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥983,097,272, a decrease of 75.56% compared to the previous year[6] - Cash inflow from operating activities totaled 100,425,333,366 RMB, a decrease of 22.9% from 130,321,560,535 RMB in the previous year[18] - Cash outflow from operating activities was 99,442,236,094 RMB, resulting in a net cash flow from operating activities of 983,097,272 RMB, down 75.6% from 4,022,037,655 RMB[18] - Cash inflow from investment activities was 27,471,590,379 RMB, slightly down from 28,801,940,349 RMB in the previous year[18] - Net cash flow from investment activities was -9,307,683,052 RMB, worsening from -3,213,598,493 RMB in the previous year[18] - Cash inflow from financing activities was 34,633,034,293 RMB, nearly unchanged from 34,643,265,200 RMB in the previous year[19] - Net cash flow from financing activities was 1,784,701,429 RMB, a significant decrease from 7,109,992,703 RMB in the previous year[19] - The ending balance of cash and cash equivalents was 39,542,261,053 RMB, down from 45,402,770,328 RMB at the end of the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 139,147[7] - There were no significant changes in the shareholder structure or major shareholder activities reported during this period[10] Operational Insights - The company experienced a significant decline in automobile sales, which contributed to the overall decrease in net profit[5] - The company has not reported any new strategies or product developments in the current quarter[11] - The company plans to focus on market expansion and new product development in the upcoming quarters[15] Other Financial Metrics - The weighted average return on equity decreased by 2.52 percentage points to -1.20% for the current period[3] - The company reported a significant increase in interest income to CNY 700.72 million, up from CNY 525.76 million in the same period last year[15] - Research and development expenses decreased to CNY 1.03 billion from CNY 1.31 billion year-over-year[15] - The company’s fixed assets increased to CNY 23.61 billion, compared to CNY 21.93 billion in the previous year[14] - The company’s total equity attributable to shareholders decreased to CNY 113.81 billion from CNY 115.72 billion year-over-year[14] Accounting Changes - The company began implementing new accounting standards in 2024, which may affect financial reporting[20]