Financial Performance - Net profit attributable to shareholders was a loss of CNY 13,105,778.24 for the first nine months of 2024, a decline of 251.05% compared to a profit of CNY 8,676,610.94 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 was CNY 114,397,225.17, down 18.45% from CNY 140,284,268.79 in the same period of 2023[3] - The company reported a net loss of CNY 14,134,916.78 for the current year, a decline of 311.80% compared to the previous year, mainly due to decreased sales in rubber products and declining prices in functional membrane products[6] - The weighted average return on equity based on net profit attributable to shareholders was -5.37% for the first nine months of 2024, down from 3.26% in the same period of 2023[3] - Total operating revenue for the first nine months of 2024 was CNY 34,891,513.14, a decrease from CNY 71,891,548.01 in the same period of 2023, representing a decline of approximately 51.5%[30] - The net profit for the first nine months of 2024 is CNY -3,891,487.78, compared to a net profit of CNY 13,043,005.81 in the same period of 2023, indicating a significant loss[31] Assets and Liabilities - Total assets decreased by 10.39% to CNY 439,534,488.48 as of September 30, 2024, compared to CNY 490,511,180.67 at the end of 2023[3] - Total current assets decreased from CNY 259,154,312.48 as of December 31, 2023, to CNY 208,699,719.17 as of September 30, 2024, representing a decline of approximately 19.5%[22] - Total liabilities decreased from CNY 232,074,120.16 to CNY 203,862,550.59, a reduction of about 12.1%[24] - The company's equity attributable to shareholders decreased from CNY 250,608,357.17 to CNY 227,432,373.09, a drop of about 9.2%[24] - The total equity decreased from CNY 276,655,513.10 to CNY 262,693,819.49, a decline of approximately 5%[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 22,806,085.52, a decrease of 253.39% compared to the previous year[3] - The total cash inflow from operating activities for the first nine months of 2024 is CNY 116,444,756.81, compared to CNY 90,557,124.09 in the same period of 2023, showing an increase of approximately 28.6%[32] - The net cash flow from operating activities for the current period is -41,860,876.88, compared to 13,753,448.24 in the same period last year, indicating a significant decline in operational performance[34] - Total cash inflow from financing activities is 78,000,000.00, while cash outflow is 90,748,375.08, resulting in a net cash flow from financing activities of -12,748,375.08[34] - The cash flow from investing activities shows a net outflow of -6,809,390.67, compared to -66,692,271.23 in the previous year, reflecting a reduction in investment expenditures[34] Inventory and Receivables - Inventory increased by 33.18% to CNY 54,560,579.85, primarily due to unsold finished products and unutilized raw materials[5] - Accounts receivable increased from CNY 109,784,910.96 to CNY 114,190,998.54, reflecting a growth of approximately 4%[22] Shareholder Information - The total number of ordinary shares at the end of the period was 103,670,278, with 4,666 shareholders[8] - Major shareholder Shanghai Yixingjian Information Technology Co., Ltd. holds 43.43% of shares, totaling 45,020,920 shares[9] - The company announced a release of 45,891,720 shares from restrictions, representing 44.27% of total shares, effective October 14, 2024[8] Research and Development - The company plans to expand its product types and has signed a research agreement with a university, prepaying CNY 1 million for R&D services[5] - Research and development expenses for the first nine months of 2024 were CNY 14,934,835.15, slightly up from CNY 14,507,608.05 in the same period of 2023[28] Regulatory Compliance and Commitments - The company has committed to avoiding any direct or indirect competition with Nantong Tongyi Aerospace Technology Co., Ltd. in China[17] - The company has made a commitment to not occupy or use the company's funds in any form, ensuring compliance with legal and regulatory requirements[18] - The company has committed to ensuring that any related party transactions are conducted on an equal and voluntary basis, adhering to fair pricing principles[18] - The company has promised to strictly follow laws and regulations regarding the use of loan funds, ensuring no non-operational financial transactions occur[18] - The company has established a commitment to avoid any conflicts of interest among its directors and senior management regarding competitive business activities[17] Government Subsidies and Guarantees - The company reported a government subsidy of ¥706,130.69, which is closely related to its business[7] - The company has provided guarantees totaling ¥16,500,000 and additional amounts of ¥6,000,000 and ¥4,000,000, all with joint liability[13]
通易航天(871642) - 2024 Q3 - 季度财报