XGIMI(SH:688696)2024-10-30 11:28Financial Performance - Total revenue for Q3 2024 was ¥681,604,520.34, a decrease of 14.26% year-over-year[2]. - Net profit attributable to shareholders was a loss of ¥44,431,098.57, with a year-to-date loss of ¥40,330,801.16, representing a decline of 146.81% compared to the same period last year[2][8]. - Basic earnings per share for Q3 2024 was -¥0.63, with a year-to-date figure of -¥0.59, reflecting a decline of 147.97%[4][8]. - Net profit for the third quarter of 2024 was CNY -40,578,636.68, compared to a net profit of CNY 85,680,601.89 in the same quarter of 2023, indicating a significant decline[19]. - The total comprehensive income attributable to the parent company for the third quarter of 2024 was -CNY 41,723,590.30, compared to CNY 91,261,902.20 in the same quarter of 2023[21]. - Basic and diluted earnings per share for the third quarter of 2024 were both -CNY 0.59, down from CNY 1.23 in the same quarter of 2023[21]. Assets and Liabilities - The company's total assets decreased by 5.65% year-over-year, amounting to ¥5,267,058,474.88[4]. - As of September 30, 2024, the total assets of XGIMI Technology Co., Ltd. amounted to CNY 5,267,058,474.88, a decrease from CNY 5,582,216,470.01 at the end of 2023, representing a decline of approximately 5.63%[13]. - The company's current assets totaled CNY 3,897,334,062.58, down from CNY 4,162,918,686.05, indicating a decrease of about 6.36%[15]. - The total liabilities decreased from CNY 2,000,000,000 to CNY 1,800,000,000, reflecting a reduction of 10%[12]. - The company's total liabilities decreased to CNY 2,297,289,701.64 in Q3 2024 from CNY 2,462,209,298.59 in Q3 2023, a decline of 6.7%[17]. - The total equity attributable to shareholders decreased by 4.81% year-over-year, amounting to ¥2,966,568,891.32[4]. - The total equity attributable to shareholders was CNY 2,966,568,891.32, down from CNY 3,116,559,453.98 in the previous year, reflecting a decrease of 4.8%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥52,137,032.75, an increase of 83.20% compared to the previous year[4][8]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 52,137,032.75, an increase from CNY 28,458,551.89 in the previous year[22]. - The total cash inflow from operating activities in the first three quarters of 2024 was CNY 2,605,406,129.37, down from CNY 2,948,202,748.11 in the same period of 2023[22]. - The total cash inflow from operating activities for the first three quarters of 2024 was CNY 2,911,264,939.25, a decrease of 7.86% compared to CNY 3,160,290,404.09 in the same period of 2023[22]. - The total cash outflow from investing activities was CNY 1,549,836,993.47, down from CNY 1,822,423,965.24 in the same period of 2023[22]. - The net cash flow from investing activities for the first three quarters of 2024 was -CNY 15,603,075.93, compared to CNY 85,235,513.15 in the previous year[22]. - The total cash inflow from financing activities was CNY 517,198,322.40, slightly down from CNY 521,365,278.10 in the same period of 2023[23]. - The net cash flow from financing activities was -CNY 154,844,012.45, a decrease from CNY 190,714,812.37 in the previous year[23]. Research and Development - R&D investment totaled ¥95,171,712.78 in Q3 2024, accounting for 13.96% of total revenue, an increase of 2.08 percentage points year-over-year[4]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 287,680,196.35, a decrease from CNY 299,590,704.69 in 2023, representing a reduction of 4%[18]. Other Financial Metrics - Non-recurring gains and losses for the current period totaled ¥4,961,480.90, with year-to-date non-recurring gains of ¥23,902,880.80[6]. - The weighted average return on equity was -1.53%, a decrease of 1.32 percentage points year-over-year[4]. - The company reported a financial expense of CNY -32,490,796.03 for the first three quarters of 2024, compared to CNY -27,707,694.31 in 2023, showing an increase in financial costs[18]. - The company's other comprehensive income after tax was CNY -1,392,789.14, compared to CNY 5,095,708.12 in the same period of 2023, indicating a decline[19].