时创能源(688429) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥188,729,986.21, representing a decrease of 56.11% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥380,002,644.35, a decline of 960.71% year-over-year[2]. - The basic earnings per share for the period was -¥0.95, down 963.64% from the previous year[3]. - The net profit for the third quarter of 2024 was -513,294,666.77 RMB, compared to a net profit of 162,535,096.39 RMB in the same period of 2023, indicating a significant decline[16]. - The total comprehensive income for the third quarter was -513,294,666.77 RMB, compared to 162,535,096.39 RMB in the previous year[17]. - The company's net profit for the first three quarters was significantly impacted by asset impairment losses of CNY -370,843,537.35[24]. - The company's operating revenue for the first three quarters of 2024 was CNY 452,388,279.94, a decrease of 66.5% compared to CNY 1,347,526,333.97 in the same period of 2023[24]. Research and Development - Research and development expenses totaled ¥62,458,017.01, accounting for 33.09% of operating revenue, an increase of 21.54 percentage points year-over-year[3]. - The company continues to invest in R&D to maintain its industry-leading position and achieve breakthroughs in product innovation[7]. - Research and development expenses increased to 156,961,254.38 RMB from 122,428,219.01 RMB year-over-year, reflecting a 28.2% increase[16]. - Research and development expenses increased to CNY 152,520,942.07, up from CNY 118,896,992.56 in the previous year, indicating a focus on innovation[24]. Cash Flow and Liquidity - The cash flow from operating activities was not applicable for the current period, with a cumulative cash flow deficit of -¥334,061,130.64 year-to-date[2]. - The cash flow from operating activities for the year-to-date period is not applicable, as the company's revenue decline led to a corresponding decrease in cash received from sales[7]. - Cash flow from operating activities showed a net outflow of -334,061,130.64 RMB, compared to -189,593,590.12 RMB in the previous year[19]. - The net cash flow from operating activities for the third quarter of 2024 was -278,836,863.68 CNY, compared to -181,954,310.99 CNY in the same quarter of 2023, reflecting a worsening cash flow situation[28]. - The company reported a total operating cash inflow of 498,578,553.23 CNY for the first nine months of 2024, compared to 773,400,656.80 CNY in the same period of 2023, a decrease of approximately 35.5%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,285,273,211.82, a decrease of 3.87% from the end of the previous year[3]. - Current assets decreased to CNY 1,654,830,055.09 from CNY 2,305,251,245.91, representing a decline of 28.2%[13]. - The company's total assets decreased to CNY 3,258,518,714.14 from CNY 3,401,625,557.98 year-over-year[22]. - Total liabilities increased to CNY 1,478,135,460.51 from CNY 1,100,000,394.00, an increase of 34.4%[14]. - The total liabilities rose to CNY 1,450,853,637.62 from CNY 1,087,045,991.16 year-over-year[23]. - The company's equity attributable to shareholders decreased by 22.05% to ¥1,803,891,003.59 compared to the end of the previous year[3]. - The company's total equity decreased to CNY 1,807,665,076.52 from CNY 2,314,579,566.82 year-over-year[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,383[8]. - The top ten shareholders hold a combined 85.73% of the company's shares, with the largest shareholder owning 35.74%[9]. Operational Challenges - The company's operating revenue for the current reporting period decreased by 56.11% due to a downward trend in the photovoltaic industry chain prices[7]. - The net profit attributable to shareholders for the current reporting period dropped by 960.71%, significantly impacted by falling prices and sales volume of batteries[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the current reporting period decreased by 1,086.02% due to impairment provisions for 2GW PERC wafers and 2GW battery equipment[7]. - The company incurred a loss of 561,354,620.03 CNY in operating profit for the third quarter of 2024, contrasting with a profit of 177,003,330.56 CNY in the same quarter of 2023[25].