SMS(SZ:002857)2024-10-30 08:53Financial Performance - The company's operating revenue for Q3 2024 was ¥56,302,660.05, a decrease of 27.87% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥5,674,992.00, representing a decline of 274.67% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,835,937.07, down 56.59% from the previous year[2]. - The net loss for the quarter was CNY 24,588,567.76, compared to a net loss of CNY 8,671,679.43 in the previous year, indicating a significant decline in profitability[15]. - The diluted earnings per share for the third quarter were -0.1674, compared to -0.0496 in the previous period[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥817,291,198.44, an increase of 5.82% from the end of the previous year[2]. - The total assets increased to CNY 817,291,198.44, up from CNY 772,365,275.77 year-on-year, reflecting a growth of 5.8%[13]. - The total liabilities rose to CNY 324,695,616.62, compared to CNY 242,732,460.11 in the previous year, marking an increase of 33.8%[13]. - The equity attributable to shareholders decreased to ¥485,984,730.87, down 8.33% from the previous year[2]. - The equity attributable to shareholders of the parent company decreased to CNY 485,984,730.87 from CNY 530,165,413.00, a decline of 8.34%[13]. Cash Flow - Cash flow from operating activities was -¥46,209,173.78, a significant decline of 366.82% compared to the same period last year[6]. - Cash inflow from operating activities totaled ¥253,819,041.46, an increase from ¥175,627,564.40 in the previous period, representing a growth of approximately 44.5%[17]. - Cash outflow from operating activities was ¥300,028,215.24, up from ¥185,526,254.15, resulting in a net cash flow from operating activities of -¥46,209,173.78, compared to -¥9,898,689.75 previously[17]. - The net cash flow from investment activities was -¥98,954,320.21, worsening from -¥65,800,944.43 in the previous period[18]. - Cash inflow from financing activities was ¥24,703,585.00, significantly higher than ¥3,019,243.55 in the previous period[18]. Inventory and Expenses - The company reported a 225.43% increase in inventory, amounting to ¥182,925,795.73, due to increased stockpiling for contract fulfillment[5]. - Research and development expenses increased by 34.62% to ¥18,402,827.38, reflecting a greater investment in R&D[6]. - The company's management expenses rose by 51.14% to ¥26,763,909.88, attributed to the addition of two subsidiaries and increased operational costs[6]. - The total operating costs increased to CNY 190,559,856.02, up 8.56% from CNY 175,665,207.00 year-on-year[14]. - Research and development expenses rose to CNY 18,402,827.38, an increase of 34.06% from CNY 13,670,133.33 in the prior year[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,140, with the largest shareholder holding 19.89% of shares, amounting to 25,696,270 shares[7]. - The company has not disclosed any new product launches or technological advancements in the current reporting period[9]. - There are no indications of market expansion or mergers and acquisitions beyond the recent stake acquisition in Shenzhen Sanhui Energy Technology Co.[10]. Future Plans - The company plans to continue focusing on R&D and market expansion to improve future performance despite current losses[15]. - The company plans to implement new accounting standards starting from 2024[18]. - The company has not undergone an audit for the third quarter report[19].