盛新锂能(002240) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥919,289,202.92, a decrease of 50.85% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥274,706,487.47, representing a decline of 156.83% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥304,608,003.16, a significant drop of 2,692.10% compared to the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.31, a decline of 158.49% compared to the same period last year[2] - The net profit for Q3 2024 was -508,888,007.22 CNY, a significant decrease from 1,119,642,681.71 CNY in the same period last year[17] - Operating profit for Q3 2024 was -466,761,155.77 CNY, compared to 1,247,647,269.83 CNY in Q3 2023[17] - The company reported a total comprehensive loss of -521,839,247.76 CNY for Q3 2024, compared to a comprehensive income of 1,198,456,690.69 CNY in Q3 2023[17] - The company recorded investment income of 48,792,228.51 CNY in Q3 2024, a decrease from 582,198,976.14 CNY in the same quarter last year[17] - The basic and diluted earnings per share for Q3 2024 were both -0.51 CNY, compared to 1.20 CNY in Q3 2023[17] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥21,243,873,897.33, reflecting a 2.37% increase from the end of the previous year[2] - The equity attributable to shareholders decreased to ¥12,126,869,242.34, down 6.43% from the end of the previous year[2] - The company's cash and cash equivalents decreased from RMB 2.91 billion to RMB 1.67 billion, a decline of approximately 42.5%[13] - Accounts receivable decreased from RMB 636.75 million to RMB 344.85 million, a reduction of approximately 45.9%[13] - Inventory decreased from RMB 2.93 billion to RMB 2.53 billion, a decline of approximately 12.9%[13] - The company’s total current assets decreased from RMB 8.62 billion to RMB 6.49 billion, a reduction of approximately 24.7%[13] - Current liabilities rose to CNY 6,883,626,421.34, compared to CNY 5,968,566,193.61, marking an increase of about 15.3%[15] - The total liabilities reached CNY 8,857,322,905.80, up from CNY 7,477,923,201.45, which is an increase of approximately 18.4%[15] - The company's non-current assets totaled CNY 14,752,440,281.81, an increase from CNY 12,130,719,153.42, reflecting a growth of approximately 21.6%[15] Cash Flow - The company reported a net cash flow from operating activities of ¥772,032,587.55, which is an 18.75% decrease year-to-date[2] - Cash flow from operating activities generated a net amount of 772,032,587.55 CNY, down from 950,210,391.46 CNY year-over-year[18] - The total cash inflow from financing activities was 5,139,079,252.69 CNY, an increase from 4,640,323,282.95 CNY in the previous year[19] - The total cash outflow from investing activities was 6,608,721,777.89 CNY, compared to 21,205,395,240.48 CNY in the previous year[18] - The cash and cash equivalents at the end of Q3 2024 were 966,763,369.41 CNY, down from 3,319,782,870.75 CNY at the end of Q3 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 138,486, with the top ten shareholders holding a combined 30.25% of shares[7] - Shenzhen Shengtun Group Co., Ltd. is the largest shareholder, holding 9.66% of shares, equivalent to 88,964,505 shares, with 74,488,892 shares pledged[7] - The company has repurchased a total of 14,246,879 shares, representing 1.55% of the total share capital, with a total repurchase amount of approximately RMB 250 million[10] Strategic Initiatives - The company plans to issue overseas listed foreign shares (H shares) to enhance its global strategy and international financing channels[9] - The company is actively promoting the issuance of H shares and has held meetings to discuss this initiative[9] Industry Context - The decline in revenue and profits was attributed to the ongoing downturn in the lithium battery new energy industry and significant price drops in lithium salt products[5] - The company conducted impairment testing on assets showing signs of impairment, leading to the recognition of impairment provisions during the reporting period[6] Other Financial Metrics - The company recognized a total of ¥29,901,515.69 in non-recurring gains for the period, with significant contributions from foreign exchange hedging[3] - Research and development expenses for the quarter were CNY 4,326,415.49, down from CNY 5,028,687.52, indicating a decrease of about 13.9%[16] - The company reported a decrease in other comprehensive income, which was CNY -35,856,273.58 compared to CNY -22,905,033.04 in the previous year[15] - The capital reserve increased to CNY 5,724,492,977.31 from CNY 5,700,144,860.80, reflecting a growth of approximately 0.4%[15]