万润新能(688275) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,904,545,375.21, a decrease of 54.92% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥193,380,260.17, with a year-to-date net profit of -¥597,775,359.39[2]. - The basic earnings per share for Q3 2024 was -¥1.53, and the diluted earnings per share was also -¥1.53[3]. - Total operating revenue for the first three quarters of 2024 was CNY 4,852,198,300.82, a decrease of 51.5% compared to CNY 10,001,237,791.24 in the same period of 2023[20]. - The net loss attributable to shareholders for the first three quarters of 2024 was CNY 1,258,963,867.12, compared to a loss of CNY 661,188,507.73 in the same period of 2023[19]. - The net profit for Q3 2024 was -624,882,663.80 CNY, an improvement from -985,709,481.04 CNY in Q3 2023, indicating a reduction in losses by approximately 36.6%[21]. - Operating profit for Q3 2024 was -698,754,654.56 CNY, compared to -1,149,326,859.46 CNY in the same period last year, reflecting a 39.2% decrease in losses[21]. - The company reported a total comprehensive income of -627,416,500.20 CNY for Q3 2024, compared to -986,939,170.04 CNY in Q3 2023, showing an improvement of about 36.4%[22]. Expenses and Costs - Research and development expenses totaled ¥50,802,633.66 in Q3 2024, a decrease of 52.10% year-on-year[3]. - Total operating costs for the first three quarters of 2024 were CNY 5,475,886,129.01, down from CNY 10,571,060,002.88 in the previous year[20]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 194,477,916.60, a decrease of 40.7% from CNY 328,467,251.13 in the same period of 2023[20]. - The financial expenses for Q3 2024 were 162,179,760.44 CNY, compared to 101,468,748.05 CNY in Q3 2023, reflecting an increase of approximately 59.8%[21]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥16,872,047,184.70, down 13.17% from the end of the previous year[3]. - Total current assets decreased to CNY 6,624,291,594.46 from CNY 9,313,934,941.25, a decline of 29%[17]. - Total liabilities decreased to CNY 10,982,642,134.02 from CNY 12,840,209,564.39, a reduction of 14.5%[18]. - The company's equity attributable to shareholders decreased to CNY 5,910,833,428.31 from CNY 6,585,874,131.58, a decline of 10.2%[19]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥2,130,026,345.07[2]. - Cash flow from operating activities for Q3 2024 was 2,130,026,345.07 CNY, a significant recovery from -1,522,363,833.50 CNY in Q3 2023[23]. - Investment activities generated a net cash outflow of -1,010,843,355.24 CNY in Q3 2024, compared to -1,598,941,154.76 CNY in Q3 2023, indicating a reduction in cash outflow by approximately 37%[23]. - The net cash flow from financing activities was -1,389,465,688.98, a significant decrease compared to 2,512,737,414.86 in the previous period[24]. - The cash and cash equivalents at the end of the period were 1,312,532,094.28, down from 2,285,154,893.92 in the previous period[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,655[9]. - Liu Shiqi holds 29,475,240 shares, accounting for 23.37% of the total shares[10]. - Li Fei holds 11,149,410 shares, representing 8.84% of the total shares[10]. - The company repurchased a total of 2,916,614 shares, which is 2.31% of the total share capital, for a total payment of RMB 119,675,002.69[14]. - The controlling shareholders, Liu Shiqi and Li Fei, have cumulatively increased their holdings by 416,805 shares, with a total investment of RMB 16,686,900[15]. - The top ten shareholders include several investment firms, with the largest being Hubei Liangke Gao Investment Co., holding 7,447,386 shares (5.91%)[10]. Market Conditions - The company attributed the decrease in revenue to a decline in the selling price of lithium iron phosphate products due to falling raw material prices[6]. - The company reported a significant decline in gross profit margin due to a larger drop in product prices compared to unit costs[6]. Other Information - Non-recurring gains and losses for the period amounted to ¥4,828,116.44, with government subsidies contributing significantly to this figure[5]. - The impact of exchange rate changes on cash and cash equivalents was -3,039,659.13, compared to -1,229,689.00 previously[24]. - The company did not apply the new accounting standards for the first time in 2024[25]. - The report was published by Hubei Wanrun New Energy Technology Co., Ltd. on October 30, 2024[25].