Bojay(002975)2024-10-30 08:57Financial Performance - The company's revenue for Q3 2024 was ¥251,210,803.02, representing a 15.66% increase year-over-year[2] - The net profit attributable to shareholders was -¥16,560,457.19, a decrease of 17.81% compared to the same period last year[2] - Total operating revenue for Q3 2024 reached CNY 823,461,932.65, an increase of 22.9% compared to CNY 669,324,108.04 in Q3 2023[16] - Operating costs for Q3 2024 were CNY 815,065,456.70, up from CNY 696,237,890.31 in the same period last year, reflecting a rise of 17.0%[16] - Net profit for Q3 2024 was CNY -3,112,176.27, an improvement from CNY -16,218,616.98 in Q3 2023, indicating a reduction in losses[17] - The total comprehensive income attributable to the parent company for Q3 2024 was -1,126,312.45 CNY, compared to -4,732,647.79 CNY in the same period last year, indicating an improvement[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥209,652,184.49, a significant decline of 673.34% year-over-year[8] - Cash inflow from operating activities totaled 723,210,864.21 CNY, down from 910,314,260.49 CNY year-over-year[20] - The company reported a net cash outflow from investing activities of -71,582,253.65 CNY, an improvement from -240,838,823.46 CNY in the previous year[21] - Cash flow from financing activities showed a net outflow of -54,657,570.60 CNY, contrasting with a net inflow of 137,986,758.90 CNY in Q3 2023[21] - The total cash and cash equivalents at the end of Q3 2024 were 428,839,152.31 CNY, compared to 330,556,250.80 CNY at the end of Q3 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,735,290,416.86, showing a slight increase of 0.23% from the end of the previous year[2] - The total liabilities decreased to CNY 1,025,453,768.83 from CNY 1,039,072,275.30, indicating a reduction in financial obligations[14] - The company's cash and cash equivalents decreased to ¥449,488,351.82 from ¥797,708,717.74 at the beginning of the period, a decline of approximately 43.7%[12] - Accounts receivable increased to ¥549,497,098.29 from ¥341,346,446.65, representing a growth of about 61.0%[12] - Inventory rose to ¥394,199,303.45 from ¥324,667,909.01, indicating an increase of approximately 21.4%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,581[9] - The largest shareholder, Wang Zhaochun, holds 23.32% of shares, totaling 32,400,000 shares, with 7,000,000 shares pledged[9] - The company has a total of 10 major shareholders, with the top three being Wang Zhaochun, Fu Lin, and Cheng Jun, who are also acting in concert[10] Management and Corporate Changes - The company has made announcements regarding changes in senior management and adjustments to convertible bond conversion prices[11] - The company has completed business registration changes and reissued its business license[11] Financial Ratios and Metrics - The company's basic earnings per share for the period was -¥0.12, a decrease of 20.00% compared to the previous year[2] - The basic and diluted earnings per share for Q3 2024 were both 0.01 CNY, recovering from -0.04 CNY in the same period last year[18] - The company reported a significant increase in financial expenses, totaling ¥11,499,786.60, primarily due to exchange rate fluctuations[7] - The company experienced a 106.38% increase in notes receivable, reaching ¥18,623,178.32, attributed to an increase in received notes[6] - The company reported a significant increase in credit impairment losses, which rose by 413.67% to -¥16,290,014.45, mainly due to increased bad debt provisions[7] Research and Development - Research and development expenses for Q3 2024 were CNY 123,510,302.97, down from CNY 140,510,960.39 in Q3 2023, reflecting a decrease of 12.1%[16] - The company reported a decrease in employee compensation liabilities to CNY 48,435,750.52 from CNY 66,925,182.97, indicating cost management efforts[14]