德众汽车(838030) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months of 2024 was CNY 1,644,563,562.76, down 13.76% from CNY 1,906,993,340.52 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 4,581,469.09, a decrease of 6.08% from CNY 4,878,028.69 in the previous year[5] - In Q3 2024, operating revenue was CNY 548,614,428.74, down 14.18% from CNY 639,253,204.60 in Q3 2023[6] - Net profit attributable to shareholders in Q3 2024 increased by 554.00% to CNY 2,307,191.23 compared to CNY 352,783.42 in Q3 2023[6] - Total operating revenue for the first nine months of 2024 is 1,644,563,562.76 yuan, a decrease of 13.73% compared to 1,906,993,340.52 yuan in the same period of 2023[31] - Total operating costs for the first nine months of 2024 are 1,641,168,477.84 yuan, down 13.56% from 1,898,999,312.00 yuan in the previous year[31] - Net profit for the first nine months of 2024 is 4,332,242.50 yuan, a decline of 13.86% compared to 5,030,482.33 yuan in the same period of 2023[32] - Operating profit for the first nine months of 2024 is 3,083,397.40 yuan, down 46.14% from 5,695,335.09 yuan in the same period of 2023[32] - Total profit for the first nine months of 2024 is 5,235,573.54 yuan, a decrease of 11.09% compared to 5,889,581.00 yuan in the same period of 2023[32] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was CNY 8,719,947.53, a significant decline of 90.12% compared to CNY 88,283,984.20 in the same period of 2023[5] - Operating cash flow for the first nine months of 2024 was CNY 1,905,037,817.51, a decrease of 13.6% compared to CNY 2,206,212,273.90 in the same period of 2023[36] - Cash inflow from sales of goods and services was CNY 1,891,874,903.31, compared to CNY 2,172,341,190.75 in the previous year, reflecting a decline of 12.9%[36] - Total cash outflow from operating activities was CNY 1,896,317,869.98, down from CNY 2,117,928,289.70, indicating a reduction of 10.4%[37] - Cash flow from investing activities showed a net outflow of CNY 58,778,396.94, an improvement from a net outflow of CNY 95,757,503.42 in the previous year[37] - Cash inflow from financing activities increased to CNY 394,966,479.56, up from CNY 312,225,159.64, marking a growth of 26.5%[37] - The ending cash and cash equivalents balance was CNY 39,508,925.83, down from CNY 56,548,929.48 year-over-year[37] Assets and Liabilities - Total assets as of September 30, 2024, decreased by 23.86% to CNY 1,430,077,755.38 compared to CNY 1,878,253,136.23 at the end of 2023[4] - The company's total current assets as of September 30, 2024, amounted to ¥784,548,717.72, a decrease from ¥1,263,464,290.38 as of December 31, 2023, indicating a decline of approximately 37.9%[23] - Current liabilities decreased from ¥1,192,822,637.11 to ¥764,507,593.67, a reduction of about 36%[25] - Non-current liabilities decreased from ¥217,776,759.70 to ¥194,574,179.79, a decline of approximately 11%[25] - Total liabilities decreased from ¥1,410,599,396.81 to ¥959,081,773.46, a reduction of about 32%[25] - Owner's equity increased from ¥467,653,739.42 to ¥470,995,981.92, an increase of approximately 1%[25] Shareholder Information - The total number of ordinary shares at the end of the period was 178,839,681, with 54.65% being unrestricted shares[12] - Major shareholders include Duan Kunliang with 23.09% and Duan Bingchen with 10.83% of shares[15] - There were no changes in the number of restricted shares held by directors, supervisors, and senior management, remaining at 7,374,886 shares[14] Other Financial Metrics - The company reported a significant increase in other income by 165.62% to CNY 2,028,659.58 due to higher government subsidies received[8] - Research and development expenses for the first nine months of 2024 are 4,540,504.51 yuan, a decrease of 10.93% from 5,097,929.57 yuan in the same period of 2023[31] - Tax expenses for the first nine months of 2024 are 903,331.04 yuan, an increase from 859,098.67 yuan in the same period of 2023[32] - The company reported a total comprehensive income of CNY 21,772,152.47, despite a loss of CNY 1,851,776.27 in other comprehensive income[35] Commitments and Guarantees - The company provided external guarantees totaling ¥1,271,175,000, with a balance of ¥430,955,948.26[19] - The company has no external guarantees for shareholders or related parties, ensuring no risk of liability[19] - The total amount of guarantees exceeding 50% of net assets was ¥1,035,677,009.04, with a balance of ¥195,457,957.30[19] - The company has ongoing commitments to reduce and standardize related party transactions, which are currently being fulfilled[21] - The company has a commitment to not engage in competitive practices, which is currently being adhered to by major shareholders and executives[21]