MAYAIR(688376)2024-10-24 08:16Financial Performance - The company's total revenue for Q3 2024 reached ¥445,209,937.16, representing a year-over-year increase of 5.94%[2] - Net profit attributable to shareholders was ¥55,676,511.94, reflecting a growth of 7.08% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses was ¥53,432,228.85, which is an increase of 32.08% year-over-year[2] - Basic earnings per share for the period were ¥0.41, reflecting a 5.13% increase year-over-year[2] - Total operating revenue for the first three quarters of 2024 reached RMB 1,202,194,353.19, an increase of 12.14% compared to RMB 1,071,888,724.74 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was RMB 148,104,122.24, representing a growth of 14.68% compared to RMB 129,145,511.22 in 2023[16] - Basic earnings per share for the first three quarters of 2024 were RMB 1.11, compared to RMB 0.96 in the same period of 2023[17] - The company reported a total profit of RMB 166,608,858.74 for the first three quarters of 2024, compared to RMB 147,273,430.38 in the same period of 2023[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,321,346,182.39, marking an 11.06% increase from the end of the previous year[3] - The total equity attributable to shareholders increased to ¥1,753,387,344.68, up by 7.34% compared to the previous year[3] - As of September 30, 2024, the total assets of the company reached approximately RMB 3.32 billion, an increase from RMB 2.99 billion at the end of 2023, representing a growth of about 10.9%[11] - The company's total liabilities increased to RMB 1.56 billion from RMB 1.35 billion, marking a rise of about 15.5%[13] - Long-term borrowings surged to RMB 303.40 million from RMB 100.95 million, representing a significant increase of approximately 200.5%[13] - The equity attributable to shareholders increased to RMB 1.75 billion from RMB 1.63 billion, reflecting a growth of about 7.4%[13] Cash Flow - The cash flow from operating activities showed a significant decline of 149.42% year-to-date, primarily due to increased orders and inventory reserves[6] - Cash flow from operating activities totaled RMB 1,190,777,729.26, an increase from RMB 991,353,296.65 in the previous year[18] - The net cash flow from operating activities was -43,201,721.44 CNY, a decrease from 87,409,614.69 CNY in the previous year[19] - The total cash outflow from operating activities was 1,233,979,450.70 CNY, an increase from 903,943,681.96 CNY year-over-year[19] - The company reported a decrease in cash flow from operating activities and investment activities, indicating potential challenges in cash management[19] Research and Development - Research and development expenses totaled ¥21,229,642.34, which is a decrease of 3.50% from the same period last year[2] - Research and development expenses for the first three quarters of 2024 amounted to RMB 57,228,875.49, up from RMB 53,027,901.94 in 2023[14] Government Support and Other Income - The company received government subsidies amounting to ¥232,684.23 during the reporting period[4] - Other comprehensive income after tax for the first three quarters of 2024 was RMB 11,623,584.34, compared to a loss of RMB 2,304,406.36 in the same period of 2023[16] Shareholder and Corporate Changes - There are no significant changes in the shareholder structure or any related party transactions reported[10] - The company has not disclosed any new product launches or technological advancements during this reporting period[10] Financial Expenses - The company’s financial expenses increased to RMB 7,174,313.44, compared to RMB 3,139,929.03 in the previous year[14] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[20]