Financial Performance - The company's operating revenue for Q3 2024 was ¥98,219,273.56, a decrease of 23.46% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥103,214.32, down 96.82% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,120,641.11, an increase of 28.09% compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 298,505,605.07, a decrease of 16.8% compared to CNY 358,727,958.26 in the same period of 2023[14]. - Net profit for the first three quarters of 2024 was CNY 1,233,041.09, compared to CNY 4,304,552.12 in the same period of 2023, indicating a significant decline[16]. - Total comprehensive income attributable to the parent company for Q3 2024 was CNY 1,233,041.09, a decrease from CNY 4,304,552.12 in Q3 2023, representing a decline of approximately 71.3%[17]. Earnings Per Share - The basic earnings per share for Q3 2024 was ¥0.0001, a decrease of 96.67% compared to the same period last year[4]. - The diluted earnings per share for Q3 2024 was also ¥0.0001, reflecting the same percentage decrease of 96.67%[4]. - Basic and diluted earnings per share for Q3 2024 were both CNY 0.001, down from CNY 0.004 in Q3 2023, indicating a 75% decrease[17]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥26,871,708.48, a decrease of 5.97% year-on-year[4]. - Cash inflow from operating activities for the first nine months of 2024 was CNY 168,330,573.03, compared to CNY 151,250,243.89 in the same period of 2023, reflecting an increase of about 11.3%[18]. - Cash outflow from operating activities for the first nine months of 2024 was CNY 195,202,281.51, up from CNY 176,608,943.99 in 2023, marking an increase of approximately 10.5%[18]. - Net cash flow from operating activities for Q3 2024 was CNY -26,871,708.48, slightly worse than CNY -25,358,700.10 in Q3 2023[18]. - The ending balance of cash and cash equivalents as of Q3 2024 was CNY 163,781,736.54, down from CNY 263,323,675.15 at the end of Q3 2023, representing a decrease of approximately 37.8%[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,076,856,683.85, a decrease of 12.80% compared to the end of the previous year[4]. - Total assets as of the end of the third quarter of 2024 were CNY 1,076,856,683.85, down from CNY 1,234,886,366.56 at the end of the same quarter in 2023[14]. - Total liabilities as of the end of the third quarter of 2024 were CNY 311,212,631.77, a decrease of 34.0% from CNY 471,515,407.27 in the previous year[14]. - The company's total non-current assets increased to CNY 388,417,764.99 from CNY 338,115,294.99 year-over-year, reflecting a growth of 14.9%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 92,682[9]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 398,067,580 shares, accounting for 37.15% of total shares[9]. Operational Insights - The company reported a significant decrease in net profit due to intensified industry competition and a reduction in sales orders[7]. - The company aims to enhance market expansion and product development strategies in the upcoming quarters to recover from the current financial downturn[16]. Cash Management - The company reported a decrease in accounts payable to CNY 182,459,227.26 from CNY 224,069,569.89, indicating improved cash management[14]. - Cash and cash equivalents decreased to ¥211,753,601.71 from ¥297,446,066.07[12]. - Accounts receivable increased to ¥259,956,305.55 from ¥227,958,621.52[12]. - Inventory decreased to ¥102,667,372.02 from ¥116,183,622.19[12]. Development and Expenditures - The company has ongoing development expenditures of ¥72,888,839.68, up from ¥49,849,338.26[12]. - The company plans to lease land and related assets from China Ordnance Equipment Group Co., Ltd., with an estimated compensation amount of ¥42,253,800[11]. Accounting Standards - The company did not apply new accounting standards for the first time in 2024[20].
湖南天雁(600698) - 2024 Q3 - 季度财报