Appo(688007)2024-10-18 10:44Financial Performance - The company reported Q3 2024 revenue of RMB 638.19 million, a year-on-year increase of 10.53%[3] - Net profit attributable to shareholders was RMB 32.04 million, a decrease of 40.28% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was RMB 26.13 million, down 38.19% year-on-year[3] - The company achieved a total revenue of RMB 1.72 billion for the first three quarters of 2024, with a year-on-year growth of 4.18%[9] - Net profit for the third quarter of 2024 was CNY 23,897,962.51, a decrease of 68.16% compared to CNY 74,874,922.03 in the same quarter of 2023[22] - Total comprehensive income attributable to the parent company was CNY 45,193,056.66, down from CNY 132,014,764.81 in the same period last year, representing a decrease of approximately 65.8%[23] - Basic and diluted earnings per share were both CNY 0.09, compared to CNY 0.28 in the previous year, indicating a decline of about 67.9%[23] Research and Development - R&D investment totaled RMB 60.40 million, a decrease of 11.74% compared to the same period last year, accounting for 9.47% of revenue[5] - Research and development expenses for the first three quarters of 2024 were CNY 172,023,725.41, down from CNY 194,847,334.44 in the same period of 2023, indicating a reduction of 11.71%[20] Cash Flow and Liquidity - Cash flow from operating activities for the first three quarters decreased by 65.77% year-on-year, totaling RMB 71.52 million[3] - Net cash flow from operating activities was CNY 71,523,197.79, significantly lower than CNY 208,932,567.64 in the same period last year, a decrease of approximately 65.7%[26] - Cash inflow from operating activities totaled CNY 1,854,565,923.57, slightly down from CNY 1,913,845,301.19 year-over-year[26] - Cash outflow from operating activities increased to CNY 1,783,042,725.78, compared to CNY 1,704,912,733.55 in the previous year, reflecting an increase of about 4.6%[26] - Total cash and cash equivalents at the end of the period were CNY 942,797,492.11, down from CNY 1,256,795,706.99 at the end of the previous year[27] - Cash inflow from investment activities reached CNY 1,220,058,928.87, compared to CNY 1,104,091,340.33 in the previous year, marking an increase of approximately 10.5%[26] - Cash outflow from financing activities totaled CNY 403,315,753.48, up from CNY 302,292,883.67 in the previous year, indicating an increase of about 33.4%[27] - Net cash flow from financing activities was CNY -261,971,748.09, contrasting with a positive CNY 21,982,844.19 in the same period last year[27] Assets and Liabilities - The total number of common shareholders at the end of the reporting period is 16,113, with the largest shareholder, Shenzhen Guangfeng Holdings Co., Ltd., holding 79,762,679 shares, accounting for 17.15% of the total shares[10] - As of September 30, 2024, the company's cash and cash equivalents amount to ¥1,203,510,305.89, a decrease from ¥1,386,828,549.06 at the end of 2023[14] - The total current assets are reported at ¥2,989,664,704.25, compared to ¥2,915,704,643.84 in the previous period, indicating a slight increase[16] - The company's inventory stands at ¥702,017,417.62, up from ¥656,346,799.67 in the previous period, reflecting a growth in stock levels[16] - The total assets amount to ¥4,201,059,005.89, showing a slight decrease from ¥4,220,570,891.16 at the end of the previous year[16] - The company's total liabilities as of the end of the third quarter of 2024 amounted to CNY 1,502,613,534.46, compared to CNY 1,423,932,717.15 at the end of the third quarter of 2023, representing an increase of 5.00%[19] - The total equity attributable to shareholders of the parent company decreased to CNY 2,754,080,586.20 from CNY 2,818,869,452.99, a decline of 2.28%[19] - The company reported a decrease in long-term equity investments from ¥144,726,776.43 to ¥6,583,731.30, indicating a significant reduction in this asset category[16] - The short-term borrowings decreased from ¥80,036,500.00 to ¥50,032,500.00, reflecting a reduction in debt obligations[16] Business Outlook and Strategy - The automotive optical business generated RMB 217 million in revenue for Q3 2024, contributing to a total of RMB 458 million for the first three quarters[9] - The company has received 8 project confirmations for automotive optical products, enhancing the business outlook[9] - The company is actively expanding partnerships with major automotive manufacturers, including Huawei and BAIC, to enhance its product offerings[9] - Future outlook includes potential market expansion and new product development strategies, although specific figures were not provided in the report[22]