TQCC(SZ:002523)2024-10-30 10:38Revenue and Profit - Revenue for Q3 2024 was CNY 380,386,977.76, a decrease of 1.11% compared to the same period last year, while year-to-date revenue increased by 12.71% to CNY 1,069,574,299.35[3] - Net profit attributable to shareholders was a loss of CNY 7,959,960.78, a decline of 165.62% year-on-year, but year-to-date net profit increased by 475.75% to CNY 17,618,985.55[3] - Operating profit for Q3 2024 was ¥11,745,894.88, a significant recovery from a loss of ¥19,091,099.86 in Q3 2023[13] - Net profit attributable to shareholders of the parent company was ¥17,618,985.55, compared to a loss of ¥4,689,044.32 in the previous year[13] - The total comprehensive income for Q3 2024 was -¥5,924,709.12, an improvement from -¥107,420,790.35 in the previous year[14] Cash Flow - The company reported a net cash flow from operating activities of CNY 44,709,906.38, which is a slight decrease of 0.67% compared to the same period last year[7] - The cash inflow from operating activities for the current period is CNY 1,327,203,944.34, an increase from CNY 1,249,762,369.59 in the previous period, representing a growth of approximately 6.2%[15] - The net cash flow from operating activities is CNY 44,709,906.38, slightly down from CNY 45,013,704.46 in the previous period[15] - The cash inflow from investment activities is CNY 11,163,526.51, significantly lower than CNY 239,412,356.66 in the previous period[16] - The net cash flow from investment activities is -CNY 42,984,214.89, a decrease from CNY 217,196,254.98 in the previous period[16] - The cash inflow from financing activities is CNY 51,000,000.00, down from CNY 320,700,000.00 in the previous period, indicating a decline of approximately 84.1%[16] - The net cash flow from financing activities is -CNY 156,885,877.66, compared to a positive CNY 94,716,087.60 in the previous period[16] - The total cash and cash equivalents at the end of the period is CNY 594,158,696.90, down from CNY 679,600,295.11 in the previous period[16] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 4,583,577,776.33, reflecting a 0.94% increase from the end of the previous year[3] - The company's total assets reached ¥4,583,577,776.33, compared to ¥4,540,976,930.39 in the same period last year[12] - The company's total liabilities increased, with accounts payable rising to ¥598,491,987.24 from ¥541,550,540.34, which is an increase of about 10.5%[11] - Total liabilities as of Q3 2024 were ¥2,163,454,054.45, a slight increase from ¥2,092,765,501.93 in the previous year[12] Inventory and Borrowings - The company's inventory increased by 52.54% to CNY 814,690,175.55, attributed to a rise in orders and production input[6] - Inventory increased significantly to ¥814,690,175.55 from ¥534,076,354.68, reflecting a growth of approximately 52.5%[11] - Short-term borrowings decreased by 42.93% to CNY 110,338,804.77, as the company repaid part of its short-term loans[6] - Short-term borrowings decreased to ¥110,338,804.77 from ¥193,347,224.88, showing a reduction of approximately 43%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,409, with the largest shareholder, Zhuzhou State-owned Assets Investment Holding Group, holding 24.08% of shares, equating to 341,071,926 shares[8] Research and Development - Research and development expenses increased to ¥59,062,619.41, up from ¥50,220,660.04, reflecting a focus on innovation[13] Financial Management - The company reported a substantial increase in asset impairment losses, which rose by 1112.71% to CNY 13,540,600.88, primarily due to increased provisions for contract assets and inventory[6] - The company reported a decrease in financial expenses to ¥585,698.14 from ¥1,752,254.28, indicating improved cost management[13] - Deferred income tax liabilities decreased to ¥29,753,229.66 from ¥32,369,744.70, reflecting a positive change in tax position[12] Other Income - The company experienced a significant increase in other income, which rose by 94.82% to CNY 30,628,550.15, mainly due to project subsidies and tax benefits[6] - Investment income increased by 124.17% to CNY 6,158,732.56, driven by higher returns from investment projects and interest from large certificates of deposit[6]