KENNEDE(002723)2024-10-30 11:37Financial Performance - The company's revenue for Q3 2024 was ¥392,264,277.54, representing a 9.49% increase year-over-year, while the total revenue for the year-to-date was ¥1,186,346,906.83, showing a decline of 3.54% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2024 was -¥43,329,595.13, a decrease of 128.53% year-over-year, and the year-to-date net profit was -¥39,380,034.61, reflecting a significant decline of 450.26%[3] - Total operating revenue for Q3 2024 was CNY 1,186,346,906.83, a decrease of 3.5% compared to CNY 1,229,889,030.42 in the same period last year[16] - The net profit for Q3 2024 was -30,005,932.00 CNY, compared to a net profit of 10,429,175.52 CNY in the same period last year, indicating a significant decline[17] - The company incurred a total operating profit loss of -28,977,640.95 CNY, compared to a profit of 8,686,966.04 CNY in the same quarter last year[17] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥49,068,512.48 for the year-to-date, which is an increase of 92.45% compared to the same period last year[3] - The company reported a cash balance of 136,274,469.18 RMB at the end of the period, down from 140,721,323.69 RMB at the beginning[13] - The cash flow from operating activities showed a net increase of 49,068,512.48 CNY, compared to 25,496,559.41 CNY in the previous year, reflecting improved cash generation[19] - The cash flow from investing activities showed a net outflow of -53,664,440.68 CNY, an improvement from -167,567,835.93 CNY in the previous year[20] - The cash flow from financing activities resulted in a net outflow of -36,489,653.56 CNY, compared to a net inflow of 25,680,161.15 CNY in the same period last year[20] Assets and Liabilities - The company's total assets at the end of Q3 2024 were ¥2,877,686,567.42, a slight increase of 0.62% from the end of the previous year[3] - The equity attributable to shareholders decreased to ¥1,193,944,121.75, down 3.55% from the previous year-end[3] - Non-current liabilities totaled CNY 1,431,342,957.83, a decrease from CNY 1,461,391,435.88, reflecting a reduction of about 2.1%[14] - The total liabilities of the company were CNY 1,637,822,488.55, down from CNY 1,586,024,812.77, reflecting a decrease of approximately 3.3%[14] Business Segments - The company experienced a 9.50% increase in revenue from its home appliance business, totaling ¥750,945,700, while the engineering construction business revenue decreased by 19.98% to ¥435,401,200[6] - The company incurred a loss of ¥2,330,000 in the engineering construction business, a decline of 119.03% year-over-year[6] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,402[9] - The largest shareholder, Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd., holds 15.57% of shares, totaling 49,497,862 shares, with 48,544,862 shares pledged and 21,940,000 shares frozen[9] Expenses - Marketing expenses increased significantly by 98.64% to ¥24,576,400 due to the promotion of new products[8] - The company reported a 199.94% increase in financial expenses, totaling ¥26,199,200, primarily due to unrealized financing gains from the Poyang PPP project[8] - Research and development expenses for the quarter were CNY 30,084,677.57, down from CNY 37,659,252.44, indicating a decrease of about 20.5%[16] Other Financial Metrics - The company reported a credit impairment loss of -4,506,606.14 CNY, compared to -19,189,327.97 CNY in the previous year, indicating a reduction in credit losses[17] - The company reported a net loss from investments of CNY -2,511,288.90, compared to a gain of CNY 1,444,807.96 in the previous year[16] - The basic and diluted earnings per share were both 0.0354 CNY, indicating a decrease from the previous year[18]