Sino Wealth(300327)2024-10-23 10:27Financial Performance - The company's revenue for Q3 2024 reached ¥324,221,644.74, representing a year-over-year increase of 10.28%[2] - Net profit attributable to shareholders for Q3 2024 was ¥18,927,682.31, a significant increase of 35.77% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥19,688,183.68, up 40.88% year-over-year[2] - Basic earnings per share for Q3 2024 were ¥0.0554, reflecting a 45.03% increase from the same period last year[2] - The operating revenue for the first three quarters reached CNY 977.62 million, a year-on-year increase of 5.95%[14] - The net profit attributable to shareholders for the first three quarters was CNY 89.97 million, a year-on-year decline of 9.64%[14] - Net profit for the current period was ¥54,647,511.17, down 15% from ¥64,306,976.27 in the previous period[19] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥124,305,929.26, a remarkable increase of 373.95% compared to the previous year[2] - Cash flow from operating activities generated ¥124,305,929.26, a significant recovery from a negative cash flow of -¥45,375,937.42 in the previous period[21] - The net cash flow from investing activities for the year-to-date period was -¥130,314,217.10, a decrease of 57.73% compared to the previous year, mainly due to increased investments in construction projects[7] - The net cash flow from financing activities was 2,241,291.96, compared to 92,167,697.88 in the previous period, showing a substantial drop[22] - The cash flow from operating activities was not detailed in the report, but the overall cash position showed a net increase of 6,411,598.88 compared to a decrease of -32,645,550.00 in the previous period[22] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥2,198,972,218.85, a slight increase of 0.73% from the end of the previous year[2] - Total liabilities increased to CNY 430.88 million from CNY 407.43 million at the beginning of the period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,715[9] - The top 10 shareholders held a combined 32.69% of the shares, with the largest shareholder, Weilang International Group Limited, owning 18.49% (63,110,176 shares)[9] - The company reported a total of 3,684,468 restricted shares at the beginning of the period, with 912,158 shares released during the period, resulting in 2,133,178 restricted shares remaining[12] - The total number of shares held by the top 10 unrestricted shareholders was 113,000,000, representing 32.69% of the total share capital[10] - The company has not disclosed any related party relationships among the top shareholders[9] Research and Development - The company's R&D expenses for the first three quarters amounted to CNY 226.73 million, accounting for 23.19% of operating revenue[14] - Research and development expenses were ¥226,727,406.28, slightly up from ¥225,316,538.80, indicating continued investment in innovation[18] - The company has obtained 5 invention patents this year, bringing the total to 131 valid invention patents domestically and internationally[14] Future Outlook - The company expects a stronger revenue performance in Q4 due to seasonal demand and government consumption promotion policies[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Investment Income and Expenses - The company's investment income for the year-to-date period increased by 121.20% to ¥1,101,317.57, attributed to higher returns from financial products[6] - The company reported an increase in investment income to ¥1,101,317.57 from ¥497,875.98 in the previous period[19] - The total cash outflow from investing activities was 652,366,714.17, compared to 267,005,081.92 in the previous period, indicating increased investment expenditures[22] Operating Expenses - The company reported a 95.55% increase in operating expenses, totaling ¥2,892,735.45, primarily due to increased inventory write-offs[6] - Total operating costs increased to ¥925,227,523.05, up 7.4% from ¥861,543,986.49 in the previous period[18]