BPSemi(688368)2024-10-21 11:20Revenue and Sales Performance - Revenue for Q3 2024 reached RMB 353.31 million, a 17.51% increase year-over-year[2] - LED lighting power supply chip sales for Q3 2024 were RMB 199 million, contributing significantly to overall revenue[4] - Total operating revenue for the first three quarters of 2024 reached 1,088,020,033.15 yuan, an increase from 915,979,711.90 yuan in the same period of 2023[17] - Revenue for the first three quarters of 2024 was 890,033,389.93 yuan, up from 849,672,900.60 yuan in the same period last year[26] - Sales revenue from goods and services for the first nine months of 2024 was 914,133,285.04 RMB, a slight decrease from 941,112,266.92 RMB in the same period last year[28] Profit and Loss - Net profit attributable to shareholders for Q3 2024 was RMB -23.79 million, a 143.82% decrease year-over-year[2] - Net profit attributable to shareholders decreased by 143.82% due to equity incentive plan adjustments and increased share-based payment expenses[8] - Net profit for the first three quarters of 2024 was -29,583,101.21 yuan, slightly better than -30,064,424.43 yuan in 2023[18] - Net profit for the third quarter of 2024 was -3,167,640.94 RMB, compared to -14,830,790.74 RMB in the same period last year[27] - Total comprehensive income for the first three quarters of 2024 was -29,480,327.59 yuan, compared to -30,085,421.23 yuan in 2023[19] - Total comprehensive income for the third quarter of 2024 was -3,167,640.94 RMB, compared to -14,830,790.74 RMB in the same period last year[28] R&D Investment - R&D investment for Q3 2024 totaled RMB 108.74 million, a 61.15% increase year-over-year[2] - R&D investment increased by 61.15% year-to-date, driven by continuous R&D efforts[9] - R&D investment as a percentage of revenue increased by 7.08 percentage points year-to-date[9] - R&D expenses for the first three quarters of 2024 surged to 292,632,983.99 yuan, compared to 181,589,135.13 yuan in 2023[18] - R&D expenses increased to 170,264,805.85 yuan in the first three quarters of 2024 from 110,511,951.13 yuan in the same period last year[26] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 2.21 billion, a 7.07% decrease compared to the end of 2023[3] - Total assets decreased to 2,205,238,415.37 RMB from 2,373,077,954.72 RMB compared to the end of 2023[16] - Current assets decreased to 1,112,904,061.19 RMB from 1,142,761,589.98 RMB compared to the end of 2023[14] - Non-current assets decreased to 1,092,334,354.18 RMB from 1,230,316,364.74 RMB compared to the end of 2023[15] - Total liabilities decreased to 791,936,938.66 RMB from 901,614,707.89 RMB compared to the end of 2023[16] - Current liabilities decreased to 670,947,200.97 RMB from 683,430,548.27 RMB compared to the end of 2023[15] - Non-current liabilities decreased to 120,989,737.69 RMB from 218,184,159.62 RMB compared to the end of 2023[15] - Shareholders' equity decreased to 1,413,301,476.71 RMB from 1,471,463,246.83 RMB compared to the end of 2023[16] - Total assets decreased to 2,521,242,705.27 yuan in Q3 2024 from 2,664,777,655.02 yuan in Q3 2023[24] - Long-term equity investments increased to 908,022,617.47 yuan in Q3 2024 from 860,864,408.61 yuan in Q3 2023[24] - Total liabilities decreased to 917,151,663.82 yuan in Q3 2024 from 1,036,514,760.61 yuan in Q3 2023[25] Cash Flow - Operating cash flow for Q3 2024 was RMB 53 million, driven by supplier prepayment returns and tax benefits[5] - Net cash flow from operating activities for the first three quarters of 2024 was 261,473,899.53 yuan, slightly higher than 259,060,884.31 yuan in 2023[21] - Net cash flow from investing activities for the first three quarters of 2024 was 15,727,937.98 yuan, a significant improvement from -165,057,395.19 yuan in 2023[21] - The company's cash and cash equivalents increased by 45,705,172.90 yuan in Q3 2024, compared to a decrease of 72,804,225.02 yuan in the same period last year[22] - The company's cash flow from financing activities was negative 231,856,994.26 yuan in Q3 2024, compared to negative 169,748,196.42 yuan in Q3 2023[22] - Operating cash flow for the first nine months of 2024 was 176,175,511.66 RMB, a decrease from 327,078,515.83 RMB in the same period last year[28] - Investment cash flow for the first nine months of 2024 was -8,631,522.52 RMB, an improvement from -228,735,973.67 RMB in the same period last year[28] - Financing cash flow for the first nine months of 2024 was -185,848,179.78 RMB, compared to -183,453,396.48 RMB in the same period last year[29] - Cash and cash equivalents at the end of the third quarter of 2024 were 155,695,386.60 RMB, a decrease from 174,740,391.06 RMB at the beginning of the year[29] Shareholder Information - The top shareholder, Hu Liqiang, holds 21,428,995 shares, representing 24.40% of the total shares[10] - The second-largest shareholder, Xia Feng, holds 19,630,184 shares, representing 22.35% of the total shares[10] - Hainan Jingzherui Venture Capital Partnership holds 14,253,830 shares, representing 16.23% of the total shares[10] - Shanghai Xuanding Private Fund Management holds 1,761,305 shares, representing 2.01% of the total shares[10] Earnings Per Share and Return on Equity - Basic earnings per share decreased by 144.13% compared to the same period last year[9] - Weighted average return on equity decreased by 5.32 percentage points in the reporting period[9] - Basic earnings per share for the first three quarters of 2024 were -0.62 yuan, down from -0.40 yuan in 2023[19] - Basic and diluted earnings per share for the third quarter of 2024 were both -0.04 RMB, compared to -0.17 RMB in the same period last year[28] Non-Recurring Items - Non-recurring gains for Q3 2024 included RMB 3.32 million in government subsidies and RMB 6.71 million in financial asset gains[6] - Non-recurring losses amounted to -18,498,206.99 RMB, primarily due to equity incentive plan adjustments and one-time expenses[7] - Investment income for the third quarter of 2024 was 14,790,940.39 RMB, compared to 13,784,577.97 RMB in the same period last year[27] - Fair value change loss for the third quarter of 2024 was -14,810,436.54 RMB, compared to a gain of 27,029,536.62 RMB in the same period last year[27] Operating Costs and Expenses - Gross margin for Q3 2024 improved to 37.52%, up 13.58 percentage points year-over-year[4] - Operating costs for the first three quarters of 2024 were 695,153,365.96 yuan, slightly up from 692,168,445.17 yuan in 2023[17] - Sales expenses for the first three quarters of 2024 increased to 45,125,790.84 yuan from 25,768,228.81 yuan in 2023[18] - Management expenses for the first three quarters of 2024 rose to 100,625,914.82 yuan from 68,571,253.64 yuan in 2023[18] - Share-based compensation expenses for Q3 2024 were RMB 14 million, impacting net profit and other financial metrics[5] Monetary Funds and Receivables - Monetary funds increased to 289,300,690.09 RMB from 245,096,454.37 RMB compared to the end of 2023[13] - Accounts receivable increased to 216,997,238.53 RMB from 208,057,531.09 RMB compared to the end of 2023[14] - Inventory increased to 250,164,788.22 RMB from 246,640,084.28 RMB compared to the end of 2023[14]