TGC(300265)2025-04-18 15:05Financial Performance - The company's revenue for Q3 2024 reached ¥756,902,355, representing a 25.30% increase compared to ¥573,694,800 in the same period last year[5] - Net profit attributable to shareholders was ¥8,314,839, a significant decrease of 71.40% from ¥32,852,860 in the previous year[5] - The basic earnings per share (EPS) decreased by 66.67% to ¥0.02 from ¥0.07 in the same quarter last year[5] - Net profit declined by 44.15% to ¥56,563,004.14 attributed to a decrease in overall product gross margin[11] - Total operating revenue for the current period is CNY 1,904,079,626.97, a decrease of 0.4% compared to CNY 1,912,664,869.83 in the previous period[23] - Net profit for the current period is CNY 56,563,004.14, down 44.2% from CNY 101,278,022.05 in the previous period[24] - Earnings per share decreased to CNY 0.11 from CNY 0.26 in the previous period[25] Cash Flow and Liquidity - The net cash flow from operating activities was ¥100,093,300, down 74.60% compared to ¥399,749,460 in the previous year[5] - Operating cash flow net amount decreased by 74.60% to -¥100,093,323.21 due to reduced cash received from sales[11] - Cash flow from operating activities resulted in a net outflow of CNY 100,093,323.21, compared to a net outflow of CNY 57,325,964.23 in the previous period[26] - Cash and cash equivalents decreased by 46.55% to ¥364,086,480.67 from ¥681,220,060.97 at the beginning of the period[9] - The net increase in cash and cash equivalents was -$298,868,619.54, with a beginning balance of $592,320,092.48, resulting in an ending balance of $293,451,472.94[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,484,558,710.45, a decrease of 0.72% from ¥3,509,831,674.75 at the end of the previous year[5] - Total current assets decreased from CNY 2,357,704,736.46 to CNY 2,259,842,232.27, a decline of approximately 4.15%[20] - Total liabilities increased to CNY 1,174,298,689.80 from CNY 1,007,366,349.50, reflecting a growth of 16.6%[22] - Current liabilities rose from CNY 900,578,652.88 to CNY 1,024,630,156.97, an increase of approximately 13.8%[21] - Long-term borrowings surged by 1536.64% to ¥39,904,224.43 due to acquisition loans for Sichuan Fiber Optic Co., Ltd.[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,334[13] - The largest shareholder, Tongguang Group Co., Ltd., holds 39.89% of shares, totaling 182,830,000 shares[14] - The total number of restricted shares at the end of the period was 93,635,372, with 93,335,747 released during the period[18] - The company plans to release a significant number of shares on January 19, 2024, totaling 47,978,473 shares[18] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in the current report[5] - The company plans to enhance market expansion strategies and invest in new technologies to drive future growth[23] - The company reported a significant increase in R&D expenses to CNY 76,514,507.68, up from CNY 72,210,607.96, indicating a focus on innovation[23] Other Financial Metrics - Non-recurring gains and losses for the current period amounted to ¥1,349,670.77, with a year-to-date total of ¥6,451,275.35[7] - Other income increased by 83.53% to ¥25,909,616.67 from increased input tax deductions[11] - The company reported a 33.62% decrease in operating profit to ¥71,026,769.65 due to declining product gross margins[11] - Cash inflow from investment activities totaled $7,068,724.74, while cash outflow amounted to $360,860,275.49, resulting in a net cash flow of -$360,860,275.49 from investment activities[27] - Cash inflow from financing activities was $517,909,318.71, with cash outflow of $356,056,052.74, leading to a net cash flow of $161,853,265.97 from financing activities[27] Accounting and Reporting - The company did not undergo an audit for the third quarter report[28] - The company plans to implement new accounting standards starting in 2024[28]