兴化股份(002109) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,130,270,075.35, a decrease of 8.05% compared to ¥1,229,221,653.65 in the same period last year[2] - The net profit attributable to shareholders was -¥50,154,064.91, representing a decline of 78.61% from -¥28,080,069.74 in the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,260,257.70, down 81.57% from -¥28,232,218.93 year-on-year[2] - The basic and diluted earnings per share were both -¥0.0393, a 47.19% increase compared to -¥0.0267 in the same period last year[3] - The net cash flow from operating activities was ¥454,571,524.56, a decrease of 8.62% from ¥497,454,755.68 in the previous year[3] - The net loss for Q3 2024 was CNY 352,043,324.00, compared to a net loss of CNY 163,229,887.30 in the previous year[16] - The loss attributable to shareholders of the parent company was CNY 309,274,234.40, compared to a loss of CNY 196,431,908.75 in the same quarter last year[16] - Basic earnings per share for Q3 2024 was -0.2423, down from -0.1866 in the previous year[16] Assets and Liabilities - Total assets as of September 30, 2024, were ¥11,645,937,095.95, a decrease of 6.05% from ¥12,396,122,009.41 at the end of the previous year[3] - Total liabilities increased to CNY 6,117,715,039.01 from CNY 5,880,110,375.30 year-on-year[13] - Total equity decreased to CNY 5,528,222,056.94 from CNY 6,516,011,634.11 in the previous year[13] - The equity attributable to shareholders decreased by 17.16% to ¥4,580,260,612.00 from ¥5,529,240,853.07 year-on-year[3] Cash Flow - The company reported a significant increase in prepayments from ¥17,494,715.43 to ¥46,174,442.15, an increase of about 163.5%[11] - The company’s cash flow from operating activities decreased by 8.5% year-over-year, highlighting potential challenges in operational efficiency[17] - The ending balance of cash and cash equivalents was 1,461,992,534.03 CNY, down from 2,001,890,362.14 CNY at the beginning of the period, a decrease of about 27%[18] - The net increase in cash and cash equivalents for the quarter was -338,430,106.66 CNY, compared to -930,954,281.00 CNY in Q3 2023, showing a significant improvement in cash management[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,673, with the largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holding 39.80% of shares[8] - The company has a total of 507,956,355 shares held by Shaanxi Yanchang Petroleum (Group) Co., Ltd., which is the largest shareholder[8] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three shareholders accounting for over 60%[8] Financial Expenses and Costs - Financial expenses increased significantly by 215.24% to ¥105,357,522.56 due to interest expenses on fixed asset loans[6] - Total operating costs increased to CNY 3,275,571,449.70 from CNY 3,011,551,680.13 year-on-year, with operating costs specifically rising from CNY 2,837,241,638.61 to CNY 3,025,933,203.95[15] - The company reported financial expenses of CNY 105,357,522.56, significantly higher than CNY 33,421,573.41 in the previous year[15] Inventory and Receivables - Accounts receivable increased from ¥536,372.20 to ¥977,599.93, indicating a rise of approximately 82.4%[11] - Inventory decreased from ¥330,326,097.78 to ¥226,074,182.22, a decline of about 31.6%[11] - Long-term equity investments decreased from ¥4,651,568.65 to ¥3,887,388.18, a decline of approximately 16.4%[11] Strategic Initiatives - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[12] - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting and analysis[19] - The company has not undergone an audit for the Q3 report, which may affect investor confidence in the reported figures[19]