CXPC(SH:600078)2024-10-30 10:21Financial Performance - The company's operating revenue for Q3 2024 was ¥817,099,219.06, a decrease of 15.67% compared to the same period last year[2] - The net profit attributable to shareholders was -¥51,268,371.25, representing a significant decline of 4,324.58% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,620,310.93, a decrease of 1,575.98% compared to the previous year[2] - The basic and diluted earnings per share for Q3 2024 were both -¥0.08, reflecting a decrease of 4,100% year-on-year[3] - The weighted average return on equity was -2.83%, a decrease of 2.85 percentage points compared to the previous year[3] - The total profit for Q3 2024 was a loss of approximately CNY 43.90 million, compared to a loss of CNY 64.60 million in Q3 2023[15] Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached RMB 2,433,952,778.16, slightly up from RMB 2,429,495,846.63 in the same period of 2023[14] - The total operating revenue for Q3 2024 was approximately CNY 2.43 billion, slightly up from CNY 2.43 billion in Q3 2023[15] - Total operating costs increased to approximately CNY 2.52 billion from CNY 2.49 billion year-over-year[15] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥195,694,351.59, a decrease of 59.14% compared to the same period last year[2] - The net cash flow from operating activities for the first three quarters of 2024 was approximately CNY 195.69 million, down from CNY 478.89 million in the same period of 2023[17] - The total cash inflow from operating activities for the first three quarters of 2024 was approximately CNY 1.56 billion, down from CNY 1.92 billion in the same period of 2023[17] - The net cash flow from investment activities was -56,737,632.57, a decrease from -85,015,263.78 in the previous period[18] - The net cash flow from financing activities was -362,018,326.38, down from -441,210,606.96[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,295,394,561.55, down 4.26% from the end of the previous year[3] - As of September 30, 2024, total assets amounted to RMB 5,295,394,561.55, down from RMB 5,530,981,480.46 at the end of 2023, reflecting a decrease of approximately 4.25%[12] - Current assets totaled RMB 1,967,291,674.47, a decrease of about 8% compared to RMB 2,138,575,772.07 at the end of 2023[11] - Cash and cash equivalents decreased to RMB 449,283,353.68 from RMB 665,504,098.23, representing a decline of approximately 32.5%[11] - Short-term borrowings decreased significantly to RMB 171,779,140.83 from RMB 395,869,601.42, a decline of about 56.6%[13] - Long-term borrowings increased to RMB 1,281,183,189.83 from RMB 1,211,539,943.06, reflecting an increase of approximately 5.7%[13] Shareholder Information - The top two shareholders hold a combined 41.79% of the company's shares, with Wuxi Xingshengzhou Technology Partnership holding 25.78% and Jiangsu Huaxi Industrial Group holding 16.01%[7] Government Support and Compliance - The company received government subsidies amounting to ¥1,168,432.54 during the reporting period, which are closely related to its normal business operations[4] - The company received a safety production license for its subsidiary in Yiliang, valid until September 25, 2027, enhancing operational compliance and safety standards[9] Investment and Research - The company reported an investment income of approximately CNY 36.11 million for Q3 2024[15] - Research and development expenses increased to approximately CNY 9.40 million from CNY 4.77 million year-over-year[15] Changes in Sales and Receivables - The company recorded a decrease in sales revenue from CNY 1.89 billion in the first three quarters of 2023 to CNY 1.48 billion in the same period of 2024[17] - Accounts receivable increased to RMB 175,213,891.33 from RMB 141,217,553.92, marking an increase of about 24%[11] - Inventory decreased to RMB 523,252,566.28 from RMB 629,928,697.90, a reduction of approximately 16.9%[12]