晶华新材(603683) - 2024 Q3 - 季度财报

Revenue and Profit Growth - Revenue for the third quarter reached RMB 502.56 million, a 16.01% increase year-over-year[2] - Revenue for the first three quarters of 2024 reached 1.359 billion yuan, a year-on-year increase of 23.84%[11] - Total operating revenue for the first three quarters of 2024 reached 1,358,950,995.49 RMB, a 23.8% increase from 1,097,307,333.08 RMB in the same period last year[18] - Net profit attributable to shareholders for the first three quarters was RMB 66.99 million, up 72.44% year-over-year[2] - Net profit attributable to shareholders was 66.9906 million yuan, a year-on-year increase of 72.44%[11] - Net profit attributable to the parent company's shareholders was 66,990,585.91 RMB, up 72.5% from 38,847,918.36 RMB in the previous year[19] - Net profit for the first three quarters of 2024 was 77,402,195.15 RMB, a significant improvement from a net loss of 3,262,559.71 RMB in the same period last year[26] Cash Flow and Liquidity - Operating cash flow for the first three quarters surged to RMB 130.84 million, a 1,002.55% increase year-over-year[3] - Operating cash flow increased by 1002.55% year-on-year due to increased sales and improved collections[12] - Net cash flow from operating activities increased significantly to RMB 130,835,552.82 in the first three quarters of 2024, compared to RMB 11,866,586.63 in the same period of 2023[20] - Operating cash flow increased significantly to 71,919,443.91, up from 13,390,895.44 in the previous period[29] - Cash outflow for investment activities increased to RMB 593,879,506.71 in the first three quarters of 2024, up from RMB 347,073,600.36 in the same period of 2023[22] - Net cash flow from financing activities decreased to RMB 4,185,675.99 in the first three quarters of 2024, compared to RMB 371,404,499.77 in the same period of 2023[22] - The company's cash and cash equivalents decreased by RMB 135,752,584.60 in the first three quarters of 2024, compared to an increase of RMB 354,721,975.46 in the same period of 2023[22] - Total cash and cash equivalents decreased by 58,930,912.28, ending at 53,907,833.33[29] - Monetary funds amount to RMB 112,838,745.61, indicating strong liquidity[33] Asset and Liability Management - Total assets at the end of the reporting period were RMB 2.49 billion, a 17.10% increase compared to the end of the previous year[3] - Total assets as of September 30, 2024, amounted to 2.4908 billion yuan, up from 2.1270 billion yuan at the end of 2023[13] - Total assets reached 2,490,844,036.82 RMB, a 17.1% increase from 2,127,041,019.00 RMB[15] - Total assets increased to 1,597,289,209.54 RMB, up from 1,533,956,306.99 RMB in the previous period[24] - Total assets remained stable at 2,127,041,019.00, with no significant changes in asset composition[31] - Total liabilities increased to 1,155,864,636.88 RMB, up 37.9% from 838,303,052.78 RMB in the previous period[15] - Total liabilities rose to 198,600,138.80 RMB, compared to 189,987,129.52 RMB previously[24] - Total liabilities amount to RMB 838,303,052.78, with non-current liabilities totaling RMB 175,935,833.74[32] - Total liabilities for the parent company are RMB 189,987,129.52, with current liabilities at RMB 136,798,901.39 and non-current liabilities at RMB 53,188,228.13[36] - Short-term borrowings increased to 331.2038 million yuan from 265.2650 million yuan at the end of 2023[14] - Long-term borrowings rose to 245,024,345.13 RMB, a 90.2% increase from 128,800,000.00 RMB[15] - Short-term borrowings increased to 63,000,000.00 RMB, up from 38,592,583.80 RMB in the previous period[24] - Long-term loans total RMB 48,800,000.00, contributing to the company's non-current liabilities[36] Shareholder and Equity Information - The top shareholder, Zhou Xiaonan, holds 17.88% of the company's shares[8] - The company's total number of ordinary shareholders at the end of the reporting period was 13,826[8] - Total equity attributable to shareholders increased to 1,398,689,070.74 RMB, up from 1,343,969,177.47 RMB previously[25] - Total owner's equity (or shareholders' equity) is RMB 1,288,737,966.22, including RMB 1,282,456,336.20 attributable to the parent company[32] - Owner's equity (or shareholders' equity) for the parent company is RMB 1,343,969,177.47, including RMB 354,404,867.25 in undistributed profits[36] Research and Development - The company has achieved technological and R&D capabilities for OCA products, with foldable materials completing certification and entering mass production[11] - Research and development expenses increased to 45,789,732.60 RMB, a 22.2% rise from 37,481,389.84 RMB[18] Sales and Market Performance - Industrial adhesive materials, new energy power batteries, and 3C electronics sales continued to rise, driving profitability[11] - Sales revenue from goods and services reached RMB 1,168,133,267.59 in the first three quarters of 2024, a 64.7% increase from RMB 709,173,553.16 in the same period of 2023[20] - Sales expenses grew to 27,440,773.01 RMB, up 35.0% from 20,333,031.80 RMB[18] - Cash received from sales of goods and services was 194,576,991.40 RMB, a decrease from 225,665,757.71 RMB in the same period last year[27] - Cash received from other operating activities was 34,304,099.50 RMB, a substantial increase from 2,248,533.13 RMB in the same period last year[27] Investment and Financial Activities - Investment income for the first three quarters of 2024 was 92,011,900.76 RMB, a significant increase from 1,587,559.45 RMB in the same period last year[25] - Long-term equity investments increased to RMB 1,346,360,428.94 as of September 30, 2024, up from RMB 1,122,357,403.88 as of December 31, 2023[23] - Long-term equity investments stand at RMB 1,122,357,403.88, representing a significant portion of non-current assets[34] - Investment cash flow showed a net outflow of -111,474,155.46, compared to a net inflow of 15,465,699.50 previously[29] - Financing cash flow had a net outflow of -19,376,190.86, contrasting with a net inflow of 339,933,674.16 in the prior period[29] Earnings and Share Performance - Basic earnings per share for the first three quarters were RMB 0.2652, a 46.60% increase year-over-year[3] - Basic earnings per share increased to RMB 0.2652 in the first three quarters of 2024, compared to RMB 0.1809 in the same period of 2023[20] - The company's weighted average return on equity (ROE) for the first three quarters was 5.1424%, an increase of 1.4012 percentage points year-over-year[3] Non-Recurring Items and Other Financial Metrics - Non-recurring gains and losses for the first three quarters amounted to RMB 10.32 million[5] - Land acquisition in Jiangsu Jinghua added 7.65 million yuan to net profit[12] - Total comprehensive income for the first three quarters of 2024 was 68,243,735.60 RMB, a 54.0% increase from 44,330,591.22 RMB[19] - Financial expenses increased to 18,621,279.56 RMB, a 24.2% rise from 14,996,696.64 RMB[18] - Operating profit for the first three quarters of 2024 was 70,988,323.48 RMB, a 41.9% increase from 50,024,119.03 RMB[18] - Total current assets decreased to RMB 184,541,446.43 as of September 30, 2024, from RMB 370,463,917.97 as of December 31, 2023[23] - Trade receivables are RMB 47,897,889.48, reflecting the company's credit sales performance[33] - Current liabilities totaled 662,367,219.04, with short-term borrowings at 265,264,969.93[31] - Long-term liabilities included 128,800,000.00 in long-term loans[31] - The company's cash position at the beginning of the period was 112,838,745.61, decreasing to 53,907,833.33 by the end[29] - The company's total liabilities and equity remained balanced at 2,127,041,019.00[31] - Total assets are RMB 1,533,956,306.99, with current assets at RMB 370,463,917.97 and non-current assets at RMB 1,163,492,389.02[34][36] - The company's total equity and liabilities amount to RMB 2,127,041,019.00, with a significant portion attributed to owner's equity[32]