STS(SH:603322)2024-10-30 09:56Financial Performance - The company's operating revenue for Q3 2024 was ¥208,936,175.99, a decrease of 63.02% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥2,815,114.55, representing a decline of 135.38% year-on-year[2] - The basic and diluted earnings per share for Q3 2024 were both -¥0.02, a decrease of 140.00% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 1,577,945,562.97, an increase of 15.6% compared to CNY 1,365,079,892.08 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was CNY 22,596,959.64, a significant recovery from a net loss of CNY 55,461,714.62 in the same period of 2023[16] - Earnings per share for the first three quarters of 2024 were CNY 0.16, compared to a loss per share of CNY 0.19 in 2023[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥91,198,950.70, indicating a significant cash outflow[3] - Cash flow from operating activities increased to CNY 2,578,318,019.40 in 2024, up from CNY 1,782,861,618.35 in 2023, marking a growth of 44.5%[18] - Operating cash inflow totaled CNY 2,715,393,264.81, an increase from CNY 1,948,764,155.22 in the previous year, reflecting a growth of approximately 39.3%[19] - Operating cash outflow amounted to CNY 2,806,592,215.51, compared to CNY 1,989,223,167.63 last year, resulting in a net cash flow from operating activities of CNY -91,198,950.70, worsening from CNY -40,459,012.41[19] - The net increase in cash and cash equivalents was CNY -63,652,442.67, compared to CNY -130,253,586.62 in the previous year, showing an improvement[20] - The ending balance of cash and cash equivalents stood at CNY 28,552,615.50, down from CNY 88,063,888.39 last year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,730,902,511.59, an increase of 24.88% from the end of the previous year[3] - The total equity attributable to shareholders at the end of the reporting period was ¥320,781,557.40, an increase of 8.61% from the previous year[3] - The total liabilities of the company were RMB 2.25 billion, compared to RMB 1.72 billion previously, reflecting an increase of approximately 31%[12] - The company's contract liabilities surged to RMB 1.01 billion from RMB 418.94 million, indicating a growth of about 141%[12] - The total assets of the company reached approximately RMB 2.73 billion, an increase from RMB 2.19 billion in the previous period, reflecting a growth of about 24%[11] Operational Insights - The company reported a decrease in net profit attributable to shareholders for the year-to-date, primarily due to reduced profitability from computing power contracts[6] - The company experienced a significant reduction in operating revenue due to decreased settlement of computing power contracts compared to the previous year[6] - There were no significant reminders or additional important information regarding the company's operational status during the reporting period[9] Expenses - Research and development expenses for the first three quarters of 2024 were CNY 37,084,983.97, down from CNY 49,347,903.30 in 2023, indicating a reduction of 25%[15] - The company reported a decrease in financial expenses to CNY 13,037,318.90 in 2024 from CNY 23,424,427.24 in 2023, a reduction of 44.7%[15] - The company reported a decrease in cash paid to employees to CNY 223,378,332.26 from CNY 327,051,060.74, a reduction of approximately 31.7%[19] Other Financial Metrics - Non-recurring gains and losses for Q3 2024 amounted to ¥15,697.17, with a total of ¥766,518.09 for the year-to-date[5] - The weighted average return on net assets for Q3 2024 was -0.87%, a decrease of 4.99 percentage points compared to the same period last year[3] - The company's cash and cash equivalents amounted to RMB 52.15 million, compared to RMB 211.91 million in the previous period, showing a decrease of about 75%[9] - Accounts receivable decreased to RMB 460.86 million from RMB 560.88 million, representing a decline of approximately 18%[9] - Prepayments increased significantly to RMB 1.07 billion from RMB 503.82 million, marking a growth of about 112%[9]