TRINA(SH:688599)2024-10-30 09:31Financial Performance - Total revenue for Q3 2024 was ¥20,179,245,153.88, a decrease of 36.41% year-over-year[2] - Net profit attributable to shareholders was -¥1,372,710,295.14, representing a decline of 189.31% compared to the same period last year[2] - Net profit excluding non-recurring gains and losses was -¥1,467,484,447.22, down 204.25% year-over-year[2] - Basic earnings per share for Q3 2024 was -¥0.63, a decline of 188.73% year-over-year[4] - Total operating revenue for the first three quarters of 2024 was CNY 61.64 billion, a decrease of 12.5% compared to CNY 70.16 billion in the same period of 2023[21] - Net profit for the first three quarters of 2024 was a loss of CNY 754.56 million, compared to a profit of CNY 5.51 billion in the same period of 2023[19] - The company reported a net loss attributable to shareholders of CNY 962 million for Q3 2024, compared to a profit of CNY 5.10 billion in Q3 2023[20] - The total comprehensive income for Q3 2024 was CNY -867 million, a stark contrast to CNY 5.53 billion in Q3 2023[20] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was ¥3,832,018,623.52, a decrease of 62.63% compared to the previous year[4] - The company's cash and cash equivalents as of September 30, 2024, amount to RMB 26,203,789,175.96, an increase from RMB 24,349,569,864.37 as of December 31, 2023[13] - Cash and cash equivalents at the end of Q3 2024 increased to CNY 21.33 billion, up from CNY 20.26 billion at the end of Q3 2023[22] - Net cash flow from operating activities for the first three quarters of 2024 was CNY 3.83 billion, down 62.6% from CNY 10.25 billion in the previous year[21] - The company experienced a net cash outflow from investing activities of CNY 9.99 billion in the first three quarters of 2024, an improvement from a net outflow of CNY 12.41 billion in the same period of 2023[22] - Cash inflow from financing activities for the first three quarters of 2024 was CNY 25.44 billion, compared to CNY 28.72 billion in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥135,530,598,394.15, an increase of 12.65% from the end of the previous year[4] - The company's total assets increased to CNY 135.53 billion in Q3 2024, up from CNY 120.31 billion in Q3 2023, representing an increase of 12.6%[16] - Total liabilities rose to CNY 101.07 billion in Q3 2024, compared to CNY 83.77 billion in Q3 2023, marking an increase of 20.6%[16] - Non-current liabilities totaled CNY 38.98 billion in Q3 2024, significantly up from CNY 22.82 billion in Q3 2023, reflecting an increase of 70.8%[16] - The total current assets have increased to RMB 81,784,367,545.27 from RMB 76,459,832,483.85, reflecting a growth of approximately 4.3%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10, with the largest shareholder, Jiangsu Panji Investment Co., Ltd., holding 295,495,418 shares, accounting for 13.56% of the total shares[8] - The top ten shareholders include Jiangsu Panji Investment Co., Ltd., holding the largest share, followed by Gao Jifan and Huafu Capital Management Co., Ltd.[10] - Shareholders' equity attributable to the parent company was ¥29,021,310,727.14, a decrease of 7.93% compared to the previous year[4] - The total equity attributable to shareholders decreased to CNY 29.02 billion in Q3 2024, down from CNY 31.52 billion in Q3 2023, a decline of 7.9%[16] Research and Development - R&D investment totaled ¥1,597,618,819.39, accounting for 7.92% of total revenue, an increase of 2.86 percentage points year-over-year[4] - Research and development expenses for the first three quarters of 2024 were CNY 1.36 billion, an increase of 15.2% from CNY 1.18 billion in the same period of 2023[19] Market Conditions - The decline in revenue was primarily due to the impact of supply and demand in the photovoltaic industry, leading to a decrease in the selling price of photovoltaic components[7] Share Repurchase - The company repurchased 12,571,315 shares, representing 0.58% of the total share capital, at a total cost of RMB 205,607,747.97[12] - The company plans to use repurchased shares for converting bonds into stocks, with a repurchase price not exceeding RMB 31.00 per share[12]