BAOSE(300402)2024-10-22 11:03Financial Performance - The company's revenue for Q3 2024 was ¥394,369,530.28, representing a 2.97% increase year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was ¥20,155,249.62, a significant increase of 31.53% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥19,479,897.57, up 60.13% year-over-year[2] - Total operating revenue for the third quarter reached ¥1,310,581,205.18, a slight increase of 1.0% compared to ¥1,290,158,463.78 in the same period last year[20] - Net profit for the period was ¥58,265,103.75, representing a year-over-year increase of 10.4% from ¥52,420,257.29[21] - Basic and diluted earnings per share were both ¥0.2392, a decrease from ¥0.2481 in the previous year[22] Cash Flow and Liquidity - The operating cash flow for the year-to-date period reached ¥232,121,603.80, reflecting a substantial increase of 115.73% compared to the previous year[2] - The net cash flow from operating activities for Q3 2024 was ¥232,121,603.80, an increase from ¥107,595,715.63 in Q3 2023, reflecting a significant improvement in operational efficiency[23] - Total cash outflow from operating activities amounted to ¥386,389,263.37, down from ¥810,944,443.86 in the previous year, indicating a reduction in operational expenses[23] - The ending balance of cash and cash equivalents was ¥715,733,557.39, down from ¥826,178,201.04 at the end of Q3 2023, indicating a decrease in liquidity[24] - Cash inflow from financing activities totaled ¥206,671,665.59, a decrease from ¥1,022,549,253.00 in the same quarter last year, indicating reduced financing activities[23] - The net cash flow from financing activities was -¥226,145,934.46, a significant decline from ¥597,869,527.65 in Q3 2023, reflecting a tighter financing environment[23] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥2,302,520,543.86, down 11.06% from the end of the previous year[2] - The company's total current assets decreased from 2,113.17 million CNY at the beginning of the period to 1,844.25 million CNY at the end of the period, a reduction of approximately 12.7%[17] - The total liabilities decreased from 1,172.57 million CNY to 849.62 million CNY, a reduction of about 27.5%[19] - The company's total assets decreased from 2,588.80 million CNY to 2,302.52 million CNY, a decline of approximately 11.1%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,947, with the largest shareholder, Baoti Group Co., Ltd., holding 47.70% of shares[10] - The second largest shareholder, Shanxi Huaxin Hai Trading Co., Ltd., holds 6.48% of shares, amounting to 15,780,000 shares[10] - The third largest shareholder, Open Source Securities - Zhuhai Hengqin Hui Equity Investment Fund Partnership, holds 1.78% of shares, totaling 4,335,260 shares[10] Employee Compensation and Expenses - The company paid ¥95,614,729.35 to employees in Q3 2024, an increase from ¥90,858,029.78 in Q3 2023, reflecting higher employee compensation costs[23] - Research and development expenses increased to ¥58,437,544.59, compared to ¥51,215,358.96, marking a rise of 14.0%[20] - Tax expenses rose significantly to ¥11,146,951.94 from ¥6,270,677.44, an increase of 77.5%[20] - Tax payments increased to ¥44,511,125.98 in Q3 2024 from ¥25,616,620.88 in the previous year, indicating higher tax liabilities[23] Strategic Initiatives - The company has implemented a restricted stock incentive plan to attract and retain talent, approved on August 12, 2024[14] - The company plans to issue 6 million shares as part of the incentive plan, aligning shareholder and company interests[14] - The company is exploring new product development and technological advancements to enhance its competitive edge[12] - The company is considering strategic acquisitions to further its market expansion goals[12] Other Financial Metrics - The company's basic earnings per share for Q3 2024 was ¥0.0827, an increase of 23.99% year-over-year[2] - The weighted average return on equity for the year-to-date period was 4.06%, a decrease of 2.11% compared to the same period last year[2] - The company reported a credit impairment loss of ¥31,870,720.09, which is a 104.8% increase from ¥15,548,496.46 in the previous year[21] - Other income for the period was ¥6,856,640.33, up from ¥5,578,531.45, indicating a growth of 22.9%[20]