Financial Performance - Revenue for Q3 2024 reached ¥371,928,213.22, an increase of 41.57% compared to the same period last year[2] - Net profit attributable to shareholders was ¥54,580,204.40, up 90.92% year-on-year[2] - Net profit after deducting non-recurring gains and losses was ¥54,444,274.16, reflecting a 94.09% increase from the previous year[2] - Basic earnings per share for Q3 2024 was ¥0.8235, a 90.94% increase compared to the same period last year[2] - Total operating revenue for Q3 2024 reached CNY 965,772,451.61, an increase of 27.5% compared to CNY 757,728,544.16 in Q3 2023[14] - Net profit for the period was CNY 119,980,060.05, representing a significant increase of 40.4% from CNY 85,456,098.79 in the same quarter last year[15] - The total comprehensive income for the third quarter of 2024 was CNY 115,785,456.83, an increase from CNY 84,596,922.33 in the same period last year, representing a growth of approximately 37%[16] - Basic and diluted earnings per share for the third quarter were both CNY 1.8103, compared to CNY 1.2894 in the previous year, reflecting a year-over-year increase of about 40.5%[16] Cash Flow - Operating cash flow for the year-to-date period increased significantly by 2,880.07% to ¥82,163,558.75[2] - Operating cash inflow for the current period reached ¥910.26 million, an increase of 30.76% compared to the same period last year, primarily due to increased sales collections[7] - Operating cash outflow totaled ¥828.10 million, reflecting an 18.45% increase year-over-year, mainly driven by rapid business growth and increased payments for goods, taxes, and salaries[7] - Cash inflow from operating activities reached CNY 910,260,744.00, up from CNY 696,139,436.39 in the prior year, indicating a growth of approximately 30.7%[17] - Cash outflow from operating activities totaled CNY 828,097,185.25, compared to CNY 699,094,883.83 in the same period last year, resulting in a net cash flow from operating activities of CNY 82,163,558.75, a significant improvement from a net outflow of CNY 2,955,447.44 in the previous year[18] - The company reported cash inflow from financing activities of CNY 249,738,713.47, an increase from CNY 179,321,910.39 in the previous year, while cash outflow for financing activities was CNY 225,121,943.37, compared to CNY 41,658,021.37 last year[18] - The net increase in cash and cash equivalents for the period was CNY 6,756,288.75, down from CNY 57,695,630.73 in the same period last year[18] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥1,930,891,547.10, representing a 14.71% increase from the end of the previous year[2] - Total assets increased to CNY 1,930,891,547.10, up from CNY 1,683,226,155.36, marking a growth of 14.7%[14] - Current assets totaled CNY 1,298,926,703.83, compared to CNY 1,133,805,115.64, indicating a rise of 14.6%[14] - Non-current assets rose to CNY 631,964,843.27, an increase of 15% from CNY 549,421,039.72[14] - Total liabilities increased to CNY 844,719,848.05, compared to CNY 697,703,935.20, reflecting a growth of 21.1%[14] - The company's equity attributable to shareholders reached CNY 1,086,171,699.05, up from CNY 985,522,220.16, a rise of 10.2%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,509, with the largest shareholder holding 13.50% of the shares[8] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Fang Guangwen, owning 8,949,000 shares[9] - The company reported a total of 29,746,979 restricted shares at the beginning of the period, with 6,989,001 shares released from restrictions during the period[11] Investment Activities - Research and development expenses for Q3 2024 were ¥9,656.26 million, a 14.25% increase year-on-year, indicating a focus on enhancing R&D capabilities[6] - The company reported a significant increase in long-term equity investments, which remained at CNY 0.00, indicating a strategic focus on other investment avenues[14] Cash Management - Investment cash inflow significantly decreased by 99.97% to ¥0.12 million, attributed to a reduction in cash management product redemptions compared to the previous year[7] - Investment cash outflow decreased by 76.38% to ¥100.28 million, primarily due to a reduction in cash management product purchases compared to the previous year[7] Financing Activities - The company reported a significant increase in short-term loans by 53.00% to ¥28,203.19 million, driven by business expansion needs[5] - Financing cash inflow increased by 39.27% to ¥249.74 million, mainly due to an increase in borrowings during the period[7] - Financing cash outflow surged by 440.40% to ¥225.12 million, primarily due to an increase in repayments of maturing loans[7] Other Information - As of September 30, 2024, the company's cash and cash equivalents stood at ¥205.51 million, down from ¥216.11 million at the beginning of the period[12] - The company did not report any cash received from the recovery of investments during the current period, contrasting with CNY 345,000,000.00 received in the previous year[18] - The company has not undergone an audit for the third quarter report[19] - The company is set to implement new accounting standards starting in 2024, which may impact future financial reporting[19]
中熔电气(301031) - 2024 Q3 - 季度财报