四方达(300179) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 reached ¥135,612,505.19, an increase of 4.25% year-over-year, while total revenue for the year-to-date was ¥398,924,438.62, down 1.90% compared to the previous year[2] - Net profit attributable to shareholders for Q3 2024 was ¥31,017,109.42, up 5.58% year-over-year, but down 14.30% for the year-to-date at ¥93,972,196.29[2] - Total operating revenue for Q3 2024 was CNY 398.92 million, a decrease of 1.81% compared to CNY 406.66 million in Q3 2023[16] - Net profit for Q3 2024 was CNY 81.67 million, down 20.56% from CNY 102.77 million in Q3 2023[16] - The company reported a comprehensive income total of CNY 81.76 million for Q3 2024, compared to CNY 102.59 million in Q3 2023[17] Cash Flow and Assets - Operating cash flow for Q3 2024 was ¥26,868,461.55, a significant increase of 31.90% year-over-year, while year-to-date cash flow decreased by 70.16% to ¥38,643,187.51[2] - The company reported a significant decrease in cash flow from operating activities, down 70.16% to ¥38,643,187.51, due to reduced sales collections and increased payments for material procurement[6] - The company reported a net increase in cash and cash equivalents of CNY 163,931,067.26, compared to CNY 140,614,013.24 in the previous period[19] - The ending balance of cash and cash equivalents was CNY 363,419,519.34, up from CNY 210,609,182.24 in the previous period[19] - Total current assets increased to RMB 1,037,450,832.15 from RMB 947,802,235.05, reflecting a growth of about 9.4%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,254[7] - The largest shareholder, Fang Haijiang, holds 28.73% of the shares, totaling 139,610,024 shares, with 48,983,500 shares pledged[7] - The company has a total of 109,769,045 restricted shares at the end of the reporting period, with 123,267 shares released during the period[9] - The company plans to repurchase shares using funds not exceeding RMB 30 million and not less than RMB 15 million[10] - The company has completed the election of the sixth board of directors and the sixth supervisory board, along with the appointment of senior management personnel[10] Inventory and Expenses - Inventory levels rose by 77.21% to ¥302,413,970.47, attributed to increased stock of raw materials and finished products[5] - Sales expenses for the year-to-date increased by 34.15% to ¥33,414,461.42, mainly due to higher labor costs associated with business expansion[6] - Total operating costs increased to CNY 319.93 million, up 1.27% from CNY 314.13 million in the previous year[16] Investments and R&D - The company experienced a 39.15% decline in investment income to ¥2,497,567.03, primarily due to reduced returns from structured deposits[6] - Research and development expenses for Q3 2024 were CNY 47.69 million, an increase of 4.32% compared to CNY 45.71 million in Q3 2023[16] - The company obtained 71 patents during the reporting period, including 68 domestic patents and 3 U.S. patents, indicating ongoing innovation efforts[13] - The company has signed strategic cooperation agreements with two partners to enhance diamond technology standards and product innovation, aiming for mutual benefits and rapid business development[12] Equity and Liabilities - Total assets as of the end of Q3 2024 were ¥1,914,822,036.92, reflecting an increase of 11.74% from the end of the previous year[2] - Total liabilities increased to CNY 445.25 million, up 36.67% from CNY 325.50 million at the beginning of the year[15] - The equity attributable to shareholders of the parent company was CNY 1.19 billion, a slight decrease of 0.11% from CNY 1.20 billion at the beginning of the year[15] Management and Governance - The company has a total of 4,697,398 shares held by Fang Chunfeng, who is also a director, with similar lock-up conditions as Fang Haijiang[9] - The company has no changes in the top 10 shareholders due to securities lending or borrowing activities[7] - The company’s management has a lock-up period of 6 months after leaving their positions, with a gradual release of shares thereafter[9] - The total number of restricted shares held by directors and senior management is subject to a 25% annual release upon the end of their term[9]