Cybrid(SH:603212)2024-10-30 10:46Financial Performance - The company's operating revenue for Q3 2024 was ¥654,945,154.11, a decrease of 41.50% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥80,040,050.59, representing a decline of 329.37% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥81,737,403.07, down 344.48% from the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 2,306,897,446.01, a decrease of 30.8% compared to CNY 3,340,545,849.05 in the same period of 2023[17] - The net profit for the first three quarters of 2024 was a loss of CNY 97,165,231.38, compared to a profit of CNY 84,919,690.02 in the same period of 2023[17] - The net profit attributable to the parent company for Q3 2024 was -95,527,340.47 CNY, compared to a profit of 85,254,662.34 CNY in Q3 2023, indicating a significant decline[18] - The total comprehensive income for Q3 2024 was -97,592,791.61 CNY, down from 84,919,690.02 CNY in Q3 2023[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,621,841,567.68, a decrease of 6.48% compared to the end of the previous year[4] - As of September 30, 2024, the company's total assets amounted to RMB 4,621,841,567.68, a decrease from RMB 4,942,040,470.74 at the end of 2023, reflecting a decline of approximately 6.5%[14] - The company's total liabilities decreased from RMB 3,000,000,000 to RMB 2,800,000,000, reflecting a reduction of approximately 6.7%[15] - The company's total liabilities decreased to CNY 1,744,795,837.96 from CNY 1,946,505,015.18 year-over-year, indicating a reduction of approximately 10.4%[16] - The total equity attributable to shareholders decreased to CNY 2,867,428,649.48 from CNY 2,994,747,617.68, representing a decline of about 4.3%[16] Cash Flow - The company reported a net cash flow from operating activities of ¥339,332,855.77 for the year-to-date period, with no applicable data for the current quarter[2] - The net cash flow from operating activities for the first three quarters of 2024 was 339,332,855.77 CNY, a recovery from a negative cash flow of -244,543,115.49 CNY in the previous year[19] - Total operating cash inflow for Q3 2024 was 2,559,759,971.81 CNY, slightly up from 2,549,670,976.76 CNY in Q3 2023[19] - Cash outflow from operating activities totaled 2,220,427,116.04 CNY in Q3 2024, compared to 2,794,214,092.25 CNY in the same period last year, showing improved cash management[19] - The net cash flow from investing activities was -180,015,139.15 CNY for Q3 2024, worsening from -75,905,311.82 CNY in Q3 2023[20] - The net cash flow from financing activities was -430,713,842.61 CNY in Q3 2024, compared to -44,475,258.33 CNY in the previous year, indicating increased financial strain[20] Operational Efficiency - The company's gross profit margin for the quarter was reported at 25%, consistent with previous quarters, indicating stable operational efficiency[13] - The company experienced a decline in gross profit margin, with gross profit for the first three quarters of 2024 being negative, compared to a positive margin in the same period of 2023[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,498[8] - The largest shareholder, Suzhou High-tech Zone Panyang Technology Development Co., Ltd., held 26.51% of the shares[8] Future Outlook - The decline in revenue was primarily due to decreased demand and price pressures in the photovoltaic and new energy sectors, leading to a drop in both unit prices and sales volume[6] - The company has plans for market expansion and new product development, focusing on enhancing its technological capabilities[13] - Future guidance suggests a projected revenue growth of 10% for the next quarter, driven by new product launches and market penetration strategies[13] - The company plans to focus on market expansion and new product development to improve future performance and regain profitability[17] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 91,764,470.92, down from CNY 138,972,392.47 in the same period of 2023, a decrease of 34%[17] Other Financial Metrics - The weighted average return on equity for Q3 2024 was -2.78%, a decrease of 3.94 percentage points year-on-year[4] - The company recorded non-recurring gains of ¥1,697,352.48 for the year-to-date period, primarily from government subsidies and other income[5] - The company reported a significant increase in deferred income to CNY 83,639,127.28 from CNY 33,689,676.95, marking an increase of 148.5%[16] - The company's cash and cash equivalents decreased to RMB 478,116,216.01 from RMB 757,744,812.29, representing a decline of about 37%[14] - Accounts receivable decreased from RMB 1,463,216,822.57 to RMB 1,254,537,644.97, a reduction of approximately 14.3%[14] - Inventory decreased to RMB 627,452,790.73 from RMB 699,134,718.43, indicating a decline of about 10.2%[14] - Short-term borrowings decreased to RMB 509,100,624.23 from RMB 595,862,661.71, a reduction of approximately 14.6%[15] - The company reported a decrease in cash and cash equivalents at the end of Q3 2024 to 445,116,160.35 CNY from 506,136,381.98 CNY at the end of Q3 2023[20] - The company received cash from other investment activities amounting to 20,000,000.00 CNY in Q3 2024, down from 197,022,210.00 CNY in the previous year[19]