CFHI(SH:601106)2024-10-30 13:38Financial Performance - The company's operating revenue for Q3 2024 was ¥4,895,080,237.69, a decrease of 11.23% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥9,869,310.09, reflecting a significant decline of 3,578.71% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,555,468.96, a decrease of 172.24% compared to the same period last year[2]. - The net profit attributable to shareholders for the year-to-date was -¥182,962,169.89, a decline of 455.74% compared to the same period last year[2]. - The net loss attributable to the parent company for the third quarter of 2024 was CNY -182.96 million, compared to a profit of CNY 51.43 million in the same period of 2023[17]. - The comprehensive loss for the third quarter of 2024 was CNY -207.66 million, contrasting with a comprehensive income of CNY 53.66 million in the previous year[18]. - Basic and diluted earnings per share for the third quarter of 2024 were both CNY -0.0267, compared to CNY 0.0075 in the same quarter of 2023[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥41,778,493,907.03, an increase of 4.46% from the end of the previous year[3]. - As of September 30, 2024, the company's total current assets amount to 27,691,259,791.81 RMB, an increase from 25,765,176,512.60 RMB at the end of 2023, reflecting a growth of approximately 7.5%[10]. - The total liabilities increased to CNY 32.84 billion in 2024 from CNY 30.85 billion in 2023, reflecting a growth of 6.43%[12]. - The total equity attributable to shareholders decreased to CNY 8.83 billion in 2024 from CNY 9.01 billion in 2023, a decline of 2.09%[12]. - Non-current assets totaled 14,087,234,115.22 RMB, slightly down from 14,229,515,571.99 RMB, showing a decrease of around 1%[11]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥247,286,072.46, showing an improvement of 85.49% compared to the previous year[2]. - The cash flow from operating activities for the first three quarters of 2024 showed a significant decline compared to the previous year, indicating potential liquidity issues[18]. - The net cash flow from operating activities for the first three quarters of 2024 was negative CNY 247.29 million, an improvement from negative CNY 1.70 billion in the same period of 2023[20]. - The total cash outflow from operating activities in the first three quarters of 2024 was CNY 14.20 billion, down 13.66% from CNY 16.44 billion in 2023[20]. - The cash inflow from financing activities in the first three quarters of 2024 was CNY 9.03 billion, a decrease of 19.67% compared to CNY 11.26 billion in 2023[20]. - The net cash flow from financing activities for the first three quarters of 2024 was CNY 1.04 billion, down 61.54% from CNY 2.71 billion in the same period of 2023[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 243,155, with the largest shareholder, China First Heavy Industries Group Co., Ltd., holding 4,380,563,888 shares, representing 63.88% of the total[8]. Operational Metrics - The company experienced a significant decline in net profit due to uneven order distribution and production scheduling, leading to a decrease in production output[6]. - Research and development expenses for the first three quarters of 2024 were CNY 225.44 million, a decrease of 34.25% from CNY 342.44 million in 2023[14]. - The company reported a decrease in long-term borrowings to CNY 8.40 billion in 2024 from CNY 10.85 billion in 2023, a reduction of 22.66%[12]. - The company reported a cash outflow of CNY 12.84 billion for purchasing goods and services in the first three quarters of 2024, a decrease of 12.00% from CNY 14.68 billion in 2023[19]. - The company paid CNY 1.06 billion to employees in the first three quarters of 2024, an increase of 10.31% compared to CNY 960.46 million in 2023[19].