Financial Performance - The company's revenue for Q3 2024 reached ¥163,579,831, representing a 49.49% increase compared to the same period last year[2]. - Net profit attributable to shareholders was ¥18,097,327, a significant increase of 73.00% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥16,287,018, up by 60.08% compared to the previous year[2]. - The total operating revenue for the third quarter of 2024 was 392,884,443.18 CNY, an increase from 346,199,460.92 CNY in the same period last year, representing a growth of approximately 13.5%[13]. - Net profit for Q3 2024 was CNY 21,239,939.35, down from CNY 39,843,872.97 in Q3 2023, indicating a decline of about 46.6%[15]. - The total profit for Q3 2024 was CNY 23,508,712.49, compared to CNY 44,921,375.07 in Q3 2023, showing a decrease of approximately 47.7%[14]. - Basic earnings per share for Q3 2024 were CNY 0.2154, down from CNY 0.5495 in Q3 2023, a decline of about 60.8%[15]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥886,280,477, reflecting a 10.06% increase from the end of the previous year[2]. - The total current assets as of September 30, 2024, amounted to 689,593,374.99 CNY, compared to 672,822,205.22 CNY at the beginning of the period, indicating an increase of about 2.9%[11]. - The total assets reached 886,280,477.56 CNY, up from 805,237,767.04 CNY at the start of the period, reflecting a growth of approximately 10.1%[12]. - The total liabilities increased to 190,257,253.55 CNY from 134,024,568.98 CNY, marking a rise of about 42%[12]. - Shareholders' equity attributable to the company was ¥696,023,224, which is a 3.80% increase from the previous year-end[2]. - The company’s total equity attributable to shareholders was 696,023,224.01 CNY, compared to 670,542,415.93 CNY at the beginning of the period, reflecting an increase of about 3.8%[12]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥19,083,605.52, a decline of 136.21% compared to the previous year[2]. - The net cash flow from operating activities for Q3 2024 was -19,083,605.52, a significant decrease compared to 52,701,293.60 in Q3 2023[17]. - The total cash inflow from operating activities was 385,527,209.12, slightly up from 374,837,868.01 in Q3 2023[17]. - The company received 27,068,779.05 in cash related to operating activities, compared to 21,043,078.28 in the previous year[17]. - The company paid 95,121,115.75 in cash to employees and for taxes, an increase from 74,551,141.00 in Q3 2023[17]. - Total cash inflow from investment activities was 442,990,529.78, up from 328,449,140.16 in the same period last year[17]. - The net cash flow from investment activities improved to 40,977,529.80, compared to a negative 93,641,866.72 in Q3 2023[17]. - Cash outflow from financing activities totaled 22,485,944.58, compared to 13,770,608.91 in Q3 2023[18]. - The net cash flow from financing activities was -16,650,519.94, worsening from -7,887,101.36 year-over-year[18]. - The ending balance of cash and cash equivalents increased to 250,520,743.02 from 236,347,689.32 in Q3 2023[18]. Expenses - Sales expenses increased by 51.99% to ¥54,535,957.24 due to higher costs for live streaming influencers, marketing, and warehousing[6]. - R&D expenses decreased by 31.11% to ¥7,423,127.54 primarily due to a reduction in R&D personnel[6]. - Research and development expenses decreased to CNY 7,423,127.54 in Q3 2024 from CNY 10,774,625.35 in Q3 2023, a reduction of approximately 31.5%[14]. - Tax expenses for Q3 2024 were CNY 2,268,773.14, down from CNY 5,077,502.10 in Q3 2023, indicating a decrease of approximately 55.3%[14]. Investments and Other Income - The company’s development expenditure increased by 135.44% to ¥20,451,178.92, primarily due to increased investment in the AI proofreading project[5]. - Financial income improved by 43.09%, resulting in a net financial expense of -¥1,139,612.63, attributed to decreased interest income[6]. - Fair value gains increased by 37.74% to ¥1,261,267.48, mainly from increased returns on financial products[6]. - Operating income from non-operating activities increased by 149.72% to ¥2,326,229.85, mainly from rights protection income[6]. - Cash received from tax refunds surged by 2315.37% to ¥527,307.72, attributed to tax refunds[6]. - The company achieved an investment income of CNY 4,817,956.63 in Q3 2024, compared to CNY 4,612,613.16 in Q3 2023, reflecting an increase of about 4.5%[14]. Inventory and Long-term Investments - The company reported a significant increase in inventory, which rose to 133,736,044.73 CNY from 108,431,983.15 CNY, suggesting a potential expansion in operations or product offerings[11]. - The company has increased its long-term investments, with debt investments rising to 60,000,000.00 CNY from 30,910,383.56 CNY, indicating a strategic focus on long-term growth[11].
果麦文化(301052) - 2024 Q3 - 季度财报