ST宇顺(002289) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥41,883,193.65, representing a decrease of 7.98% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2024 was -¥7,179,096.16, a significant decline of 2,823.52% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,291,783.13, down 1,036.03% compared to the previous year[3] - The net profit for Q3 2024 was -13,664,376.00 CNY, compared to a net profit of 4,229,690.49 CNY in Q3 2023, representing a significant decline[31] - Operating profit for Q3 2024 was -12,576,926.40 CNY, down from 4,496,432.12 CNY in the same period last year[31] - The total comprehensive income attributable to the parent company was -15,551,869.76 CNY, compared to 4,229,690.49 CNY in the previous year[32] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥321,696,812.25, reflecting a 1.73% increase from the end of the previous year[3] - The equity attributable to shareholders decreased by 6.27% to ¥232,373,104.04 compared to the end of the previous year[3] - Total liabilities rose to ¥73,602,370.16, compared to ¥68,304,407.95, indicating an increase of 4.3%[30] - Non-current assets totaled ¥207,590,201.86, up from ¥152,696,094.11, reflecting a significant increase of 36%[29] Cash Flow - Cash flow from operating activities for the year-to-date was -¥15,027,612.77, indicating a drastic decline of 1,005.49%[3] - Net cash flow from operating activities decreased by 1,005.49% to -CNY 15,027,612.77, influenced by increased procurement costs[6] - Cash flow from operating activities showed a net outflow of -15,027,612.77 CNY, contrasting with a net inflow of 1,659,610.67 CNY in Q3 2023[34] - Net cash flow from investing activities fell by 3,365.30% to -CNY 71,806,338.03, reflecting an investment of CNY 74,250,000.00 in equity of a subsidiary[6] - Investment activities resulted in a net cash outflow of -71,806,338.03 CNY, compared to -2,072,151.90 CNY in the same period last year[34] Operational Changes - The company completed the acquisition of Fubang Industrial, which is now included in the consolidated financial statements[17] - The company purchased 75% equity of Shanghai Fubang Industrial Co., Ltd. for a transaction price of RMB 74.25 million[17] - The first payment of RMB 63.24 million for the acquisition was completed on April 26, 2024[17] - The total amount paid to the transaction counterparties as of September 27, 2024, was RMB 11.01 million, completing the payment for the acquisition[18] - The company has completed the relocation of its subsidiary Industrial Intelligence, with major production lines and departments moved to a new location by August 14, 2023[21] Shareholder and Governance - The new board of directors and supervisory board were elected on January 16, 2024, with key appointments including Mr. Ji Min as chairman and general manager[11] - A lawsuit has been filed by shareholder Lin Meng against the company, with a court hearing scheduled for November 27, 2024, regarding the annulment of certain board resolutions[20] - The company’s stock trading continues to be subject to risk warnings due to significant doubts about its ability to continue as a going concern[16] - The controlling shareholder Shanghai Fengwang plans to increase its shareholding by acquiring between 4,189,794 and 8,379,587 shares, with a total of 5,614,560 shares acquired as of September 18, 2024, representing 2.0034% of the total share capital[19] Compensation and Expenses - The company received a total of 11,203,797 RMB in relocation compensation for its wholly-owned subsidiary, with 4,481,518 RMB (40%) received by January 6, 2023, and the remaining 6,722,279 RMB (60%) received by January 12, 2024[21][23] - The relocation compensation has been fully paid, ensuring no financial liabilities remain from the previous lease[23] - The company is actively pursuing the collection of remaining relocation compensation funds[23] - The company reported a significant increase in income tax expenses by 10,057.56% to CNY 1,435,556.95, linked to the expanded consolidation scope[6] - Research and development expenses rose by 35.72% to CNY 3,610,806.02, primarily due to the expanded consolidation scope[6]