GMTC(SH:600898)2024-10-30 10:58Financial Performance - The company's operating revenue for Q3 2024 was ¥2,382,056.41, a decrease of 71.84% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥8,879,641.80, with a year-to-date net profit of -¥31,163,948.92[2]. - The basic earnings per share for Q3 2024 was -0.0311 yuan, and the diluted earnings per share was also -0.0311 yuan[2]. - Total operating revenue for the first three quarters of 2024 was CNY 8,168,297.39, a decrease of 73.96% compared to CNY 31,372,638.93 in the same period of 2023[15]. - Net loss for the first three quarters of 2024 was CNY 34,205,440.20, an improvement from a net loss of CNY 54,286,820.93 in the same period of 2023[16]. - The net loss attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 31,163,948.92, compared to a loss of CNY 48,738,477.51 in the previous year[16]. - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY -0.1092, an improvement from CNY -0.1708 in the same period of 2023[16]. - The company reported a significant increase in financial expenses, totaling CNY 6,499,314.45 for the first three quarters of 2024, compared to CNY 4,822,259.72 in the previous year[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥251,510,956.55, a decrease of 0.30% from the end of the previous year[3]. - As of September 30, 2024, the company's total assets amounted to RMB 251,510,956.55, a slight decrease from RMB 252,267,940.83 at the end of 2023[11]. - Total liabilities as of the end of the third quarter of 2024 amounted to CNY 302,780,856.24, an increase from CNY 269,773,441.15 at the end of the previous year[15]. - The company's total current liabilities decreased to RMB 238,000,000.00 from RMB 240,000,000.00, showing a reduction of about 0.8%[13]. - The company's non-current assets decreased to RMB 176,150,457.23 from RMB 196,724,291.18, reflecting a decline of approximately 10.5%[13]. - Total equity attributable to shareholders of the parent company was CNY -114,288,923.70, compared to CNY -83,349,905.61 in the same period of 2023[15]. Cash Flow - In the first three quarters of 2024, the company generated cash inflows from operating activities totaling ¥87,272,028.78, a significant increase from ¥47,481,730.34 in the same period of 2023, representing an increase of approximately 83.9%[17]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥8,313,137.50, recovering from a negative cash flow of -¥40,178,400.87 in the first three quarters of 2023[17]. - Cash outflows from operating activities decreased to ¥78,958,891.28 in 2024 from ¥87,660,131.21 in 2023, indicating improved cost management[17]. - The company's cash and cash equivalents increased to RMB 10,977,336.07 from RMB 7,210,290.71, reflecting a growth of approximately 52.5%[11]. - The company's cash and cash equivalents at the end of the third quarter of 2024 stood at ¥6,686,374.62, compared to ¥11,026,087.03 at the end of the same period in 2023[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,685[7]. - The largest shareholder, Shandong Longjidao Construction Co., Ltd., holds 28.34% of the shares, amounting to 80,885,359 shares[7]. - The company’s controlling shareholder, Guomei Xin Technology Co., Ltd., increased its stake by 2.85 million shares, representing 0.9987% of the total share capital[8]. - The total pledged shares by major shareholders accounted for 68.30% of their holdings, with significant risks associated with ongoing litigation[8]. Operational Challenges - The decline in operating revenue was attributed to insufficient orders in the manufacturing business, with a year-to-date revenue decline of 73.96%[5]. - The company has increased cost control efforts, leading to a reduction in losses compared to previous periods[5]. - The company has not reported any new product developments or market expansion strategies in this quarter[2]. - The company received an administrative penalty from the China Securities Regulatory Commission on October 12, 2024, due to suspected violations of information disclosure regulations[9]. - The company has been under delisting risk warning since April 26, 2024, due to negative net profits for three consecutive years[9]. Investment and Expenditures - The company invested ¥324,000.00 in fixed assets during the first three quarters of 2024, a decrease from ¥1,224,716.50 in 2023, indicating a reduction in capital expenditures[18]. - The company did not report any cash inflows from investment activities in the first three quarters of 2024, compared to a minimal inflow of ¥658.50 in 2023[18].