遥望科技(002291) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,020,997,934.92, representing a decrease of 13.52% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥189,518,065.75, an increase of 21.57% in losses year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥190,332,279.87, reflecting a 21.21% increase in losses compared to the previous year[2]. - The basic earnings per share for Q3 2024 was -¥0.2036, a decline of 22.20% compared to the same period last year[2]. - The diluted earnings per share for Q3 2024 was also -¥0.2036, reflecting the same percentage decline as basic earnings per share[2]. - The weighted average return on equity for Q3 2024 was -4.59%, an improvement of 0.36% compared to the previous year[2]. - The company reported a net loss of ¥2,180,652,463.08, worsening from a loss of ¥1,772,358,808.11 in the previous year[20]. - The net profit for the third quarter of 2024 was -416,511,932.47 CNY, compared to -452,395,179.95 CNY in the same period last year, showing an improvement of approximately 7.9%[21]. - The operating profit for the quarter was -454,279,821.51 CNY, an improvement from -510,113,449.82 CNY in the same quarter last year, reflecting a reduction in losses of about 10.9%[21]. - The total comprehensive income for the period was -416,491,848.42 CNY, compared to -452,489,755.99 CNY in the previous year, marking an improvement of approximately 7.9%[22]. - The basic and diluted earnings per share were both -0.4387 CNY, compared to -0.4899 CNY in the same quarter last year, indicating a year-over-year improvement[22]. - The net loss attributable to shareholders of the parent company was -408,293,654.97 CNY, compared to -449,612,757.64 CNY in the previous year, showing a reduction in losses of about 9.2%[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥91,706,336.42, showing a significant increase of 127.57% compared to the same period last year[2]. - The net cash flow from operating activities for Q3 2024 was ¥91,706,336.42, a significant improvement from a net outflow of ¥332,604,248.30 in Q3 2023[24]. - Total cash inflow from operating activities increased to ¥5,219,596,223.01, compared to ¥3,800,399,151.64 in the same period last year, reflecting a growth of approximately 37.3%[24]. - Cash outflow for purchasing goods and services rose to ¥4,131,249,344.38, up from ¥3,348,683,536.23, indicating an increase of about 23.4%[24]. - The net cash flow from investing activities was -¥94,903,758.01, an improvement from -¥316,124,197.20 in Q3 2023[24]. - Cash inflow from financing activities totaled ¥624,099,833.55, down from ¥895,905,253.69 in the previous year, representing a decrease of approximately 30.3%[24]. - The net cash flow from financing activities was -¥231,986,925.73, compared to a positive net flow of ¥250,526,732.61 in Q3 2023[24]. - The ending balance of cash and cash equivalents decreased to ¥472,178,035.97 from ¥661,911,228.44 year-over-year[24]. - The company reported a total cash outflow from operating activities of ¥5,127,889,886.59, which is higher than the previous year's outflow of ¥4,133,003,399.94[24]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥6,290,674,879.34, a decrease of 7.52% from the end of the previous year[2]. - The equity attributable to shareholders at the end of Q3 2024 was ¥4,066,953,874.57, down 8.34% from the end of the previous year[2]. - Total liabilities decreased to ¥2,212,462,535.00 from ¥2,357,340,587.72, a reduction of 6.1%[20]. - Cash and cash equivalents decreased by 35.16% to ¥521.65 million due to repayment of bank loans and ongoing investment projects[6]. - Accounts receivable decreased to ¥868,550,604.15 from ¥1,015,080,560.14, a reduction of 14.5%[18]. - Inventory decreased to ¥434,441,910.01 from ¥505,751,370.61, reflecting a decline of 14.0%[19]. - Total assets decreased to ¥6,290,674,879.34 from ¥6,801,856,140.93, a decrease of 7.5%[20]. - Non-current assets increased slightly to ¥3,801,651,150.62 from ¥3,786,797,926.50, an increase of 0.4%[19]. Expenses and Costs - Total operating costs amounted to ¥4,423,807,432.02, up 13.5% from ¥3,896,509,953.62 year-over-year[20]. - Sales expenses rose by 30.44% to ¥161.12 million, mainly due to increased labor costs associated with X27 PARK[6]. - Financial expenses increased by 61.43% to ¥43.12 million, attributed to unrecognized financing costs from long-term leases related to X27 PARK[6]. - Research and development expenses increased to 70,095,116.69 CNY, up from 60,458,584.34 CNY, representing a growth of about 24.5% year-over-year[21]. - The financial expenses increased to 43,120,896.66 CNY from 26,711,773.16 CNY, which is an increase of approximately 61.1% year-over-year[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 87,846[8]. - The largest shareholder, LYONE GROUP PTE. LTD., holds 7.81% of the shares, amounting to 72,691,390 shares[8]. Stock Options and Incentives - The company has completed the cancellation of 20,516,025 stock options from the 2021 stock option and restricted stock incentive plan due to the disqualification of 8 individuals and performance issues of 14 individuals[12]. - The company has approved the exercise of 1,459,498 stock options at a price of 16.40 CNY per share for 107 individuals in the third exercise period of the 2021 incentive plan[12]. - The company has canceled 1,178,368 stock options from the 2023 incentive plan due to the disqualification of 67 individuals and performance issues[13]. - The company has approved the exercise of 6,833,920 stock options at a price of 14.33 CNY per share for 177 individuals in the first exercise period of the 2023 incentive plan[14]. Projects and Investments - The company has permanently supplemented working capital with surplus funds from the "Social E-commerce Ecosystem Construction Project" after its completion[16]. - The company has returned 730.90 million CNY of temporarily supplemented working capital to the special account as of September 10, 2024[16]. - The company has extended the completion date for the "YOWANT Digital Marketing Cloud Platform Construction Project" and "Innovation Technology Research Institute Construction Project" to December 31, 2025[16]. - The company has approved the temporary use of up to 800 million CNY of idle funds to supplement working capital for a period not exceeding 12 months[17]. - The company has invested in various projects through its subsidiaries, including a technology company and a semiconductor industry project[17]. Accounting and Auditing - The company did not undergo an audit for the Q3 report, as indicated in the financial statements[25]. - The company began implementing new accounting standards starting in 2024, which may affect future financial reporting[25].