YCXN(300080)2025-04-23 10:00Financial Performance - Total revenue for Q3 2024 was ¥781,283,047.69, a decrease of 66.98% compared to the same period last year[5] - Net profit attributable to shareholders was -¥147,250,017.96, a decline of 1,094.49% year-on-year[5] - Basic earnings per share were -¥0.0786, representing a decrease of 1,255.88% compared to the previous year[5] - The company reported a significant drop in operating income, with a 63.22% decrease in revenue year-to-date, primarily due to a sharp decline in battery cell sales[12] - The net profit for the period was a loss of CNY 723,837,167.23, compared to a profit of CNY 121,211,713.89 in the previous year, indicating a significant decline[34] - The total comprehensive income attributable to the parent company was a loss of CNY 588,769,916.16, compared to a profit of CNY 99,229,434.56 in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,699,500,953.26, down 18.66% from the end of the previous year[6] - The company reported a total asset of CNY 13.70 billion as of September 30, 2024, down from CNY 16.84 billion at the beginning of the period, representing a decrease of approximately 18.5%[28] - Current assets decreased to CNY 7.14 billion from CNY 8.94 billion, a decline of about 20.1%[30] - Total liabilities decreased to CNY 7.14 billion from CNY 8.94 billion, reflecting a reduction of approximately 20.1%[30] - The company's total liabilities decreased to CNY 7,992,000,802.29 from CNY 9,163,113,460.16, a reduction of 12.8%[35] - Owner's equity totaled CNY 5,707,500,150.97, down from CNY 7,678,227,437.35, reflecting a decrease of 25.6%[35] Cash Flow - Cash flow from operating activities for the year-to-date was ¥77,199,422.68, a decrease of 22.84% compared to the previous year[5] - The net cash flow from operating activities decreased by 22.84% to ¥7,719.94 million compared to the previous period[15] - Cash inflow from operating activities totaled 3,497,160,968.15 CNY, down from 3,946,482,918.20 CNY year-over-year[36] - The net cash flow from operating activities was 77,199,422.68 CNY, compared to 100,047,840.69 CNY in the previous period[36] - Cash outflow from investing activities was 671,939,236.97 CNY, an increase from 602,788,414.48 CNY in the prior period[38] - The net cash flow from investing activities was -195,921,453.14 CNY, improving from -584,581,914.48 CNY year-over-year[38] - Cash inflow from financing activities was 2,068,761,028.12 CNY, down from 2,478,799,429.48 CNY in the previous period[38] - The net cash flow from financing activities was 101,362,243.06 CNY, compared to 371,494,548.94 CNY in the prior period[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,184[17] - The largest shareholder, China Pingmei Shenma Holdings Group Co., Ltd., holds 40.18% of the shares, totaling 752,812,220 shares[17] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Kaifeng Development Investment Group Co., Ltd., owning 14.39%[17] - The report indicates that there were no new entries or exits among the top ten shareholders due to margin trading activities[20] Research and Development - Research and development expenses for the quarter were ¥12,766.35, down 54.09% year-on-year, reflecting the completion of certain R&D projects[12] - Research and development expenses were CNY 127,663,499.62, a decrease of 54.0% from CNY 278,043,664.59 in the previous year[34] Other Financial Metrics - The weighted average return on equity was -2.73%, down from -2.98% in the previous year[6] - The company recorded an asset impairment loss of -¥24,069.73, a significant increase of 1,048.51% compared to the same period last year[12] - The company reported a significant increase in financial expenses, totaling CNY 200,464,019.41, compared to CNY 137,223,554.96, marking an increase of 46.1%[34] - The impact of exchange rate fluctuations on cash and cash equivalents was a negative ¥22.12 million, a decline of 131.34%[15] Market Strategy - The company plans to continue expanding its market presence and developing new technologies in the renewable energy sector[25]