XTAD(SH:600359)2024-10-30 10:15Financial Performance - The company's operating revenue for Q3 2024 was ¥52,853,799.50, a decrease of 46.51% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥11,898,509.14, reflecting a decline of 646.00% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥12,168,609.36, a significant decrease of 5,150.12% compared to the previous year[2] - The net profit attributable to shareholders for the year-to-date period was ¥41,660,665.79, down 32.94% year-on-year, also due to falling cotton prices[7] - Total operating revenue for the first three quarters of 2024 was CNY 395,973,437.75, a decrease of 19.5% compared to CNY 491,907,078.76 in the same period of 2023[15] - Net profit for the third quarter of 2024 was CNY 42,934,544.26, a decline of 30% from CNY 61,446,669.48 in the same quarter of 2023[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,338,733,304.14, representing a 7.26% increase from the end of the previous year[3] - The total liabilities increased to CNY 635,236,915.19 in Q3 2024, compared to CNY 586,606,147.14 in Q3 2023, reflecting an increase of 8.3%[14] - Total assets increased to CNY 1,338,733,304.14, up from CNY 1,248,063,493.25, representing a growth of approximately 7.25% year-over-year[12] - The total equity attributable to shareholders of the parent company rose to CNY 684,545,178.00, up from CNY 643,364,013.63 in the previous year, representing a growth of 6.4%[14] Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 73.40% to ¥41,336,094.68 due to reduced cash inflow from the sale of a significant subsidiary[7] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 41,336,094.68, down 73.4% from CNY 155,393,164.59 in 2023[17] - Cash inflows from operating activities totaled CNY 340,054,050.17, a decrease of 26.1% compared to CNY 460,502,964.96 in the same period of 2023[17] - The company's cash and cash equivalents at the end of the third quarter of 2024 stood at CNY 382,068,325.89, an increase from CNY 357,125,327.47 at the end of the same period in 2023[18] Operational Highlights - The decline in operating revenue was primarily attributed to the decrease in cotton prices, which negatively impacted sales[7] - The company reported a government subsidy of ¥984,561.71, which is closely related to its normal business operations and has a sustained impact on profits[6] - Research and development expenses for the first three quarters of 2024 were CNY 8,875,362.79, slightly down from CNY 9,283,538.68 in the same period of 2023[15] - The company reported a decrease in financial expenses to CNY 3,298,624.85 in 2024 from CNY 12,607,954.04 in 2023, indicating a reduction of 73.8%[15] Shareholder Information - The company reported a total of 47,415 common shareholders at the end of the reporting period[9] - The largest shareholder, Aral State Capital Investment Operation Group Co., Ltd., holds 40.32% of the shares[9] Future Outlook - Future outlook remains cautious due to market conditions, with a focus on cost control and efficiency improvements to enhance profitability[16]