KMCJNC(300505)2024-10-24 08:09Revenue and Profit - Revenue for Q3 2024 reached ¥836,666,013.90, an increase of 6.95% year-over-year, while year-to-date revenue totaled ¥2,200,104,823.51, up 14.90% compared to the same period last year[1] - Net profit attributable to shareholders for Q3 2024 was ¥43,852,073.46, a significant increase of 160.50% year-over-year, with year-to-date net profit reaching ¥110,452,127.31, up 202.18%[1] - Basic earnings per share for Q3 2024 was ¥0.1595, reflecting a 153.20% increase compared to the same period last year, while year-to-date earnings per share was ¥0.4018, up 187.67%[1] - Total operating revenue for the period reached ¥2,200,104,823.51, an increase of 14.93% compared to ¥1,914,780,105.91 in the previous period[14] - Net profit for the period was ¥115,434,143.39, a significant recovery from a net loss of ¥114,935,234.23 in the previous period[15] - Operating profit improved to ¥132,866,660.84, compared to an operating loss of ¥148,904,579.01 in the previous period[15] - Total comprehensive income for the period was ¥116,250,288.55, compared to a loss of ¥114,935,234.23 in the previous period[15] - The basic and diluted earnings per share improved to ¥0.4018 from a loss of ¥0.4583 in the previous period[15] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥3,609,053,073.56, representing a 1.55% increase from the end of the previous year[1] - The company's equity attributable to shareholders increased to ¥2,480,121,749.00, a rise of 3.39% compared to the end of the previous year[1] - Current liabilities increased to CNY 937,568,288.32 from CNY 891,638,748.74, an increase of approximately 5.2%[12] - Non-current liabilities decreased to CNY 141,730,821.89 from CNY 218,832,780.65, a decrease of about 35.3%[12] - The total equity remained stable at CNY 1,282,067,110.26[12] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥111,084,484.60, an increase of 66.04% compared to the same period last year[1] - Cash flow from operating activities generated a net inflow of ¥111,084,484.60, up from ¥66,900,405.51 in the previous period[16] - The cash inflow from financing activities totaled 478,000,000.00 CNY, down from 1,495,041,244.50 CNY in the prior period[17] - The net cash flow from financing activities was -135,825,266.79 CNY, a significant decrease compared to 909,213,755.05 CNY in the same period last year[17] - The company reported a net decrease in cash and cash equivalents of -142,124,672.20 CNY for the quarter, contrasting with an increase of 695,384,834.25 CNY in the previous year[17] Investments and Expenses - Cash flow from investment activities included a cash recovery of RMB 66,000,000.00 from financial management of raised funds, marking a 100% increase[6] - Cash paid for investments decreased by 92.12% to RMB 7,723,787.63, as the previous year included payments for acquiring equity in Yingkou Chuanxin Chemical[6] - Research and development expenses decreased to ¥35,710,720.94 from ¥44,296,479.58, reflecting a 19.5% reduction[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,040, with the largest shareholder holding 26.33%[7] - The largest shareholder, Liu Ma, held 72,364,501 shares, with 54,273,376 shares under lock-up conditions[7] Government Support - Non-operating income from government subsidies for Q3 2024 was ¥4,731,558.12, with year-to-date total at ¥11,775,705.59, indicating a strong reliance on government support[2] Other Financial Metrics - The company experienced a 518.32% increase in contract liabilities, attributed to an increase in advance payments received under contracts[4] - Financial expenses decreased by 81.71% due to a reduction in bank loan scale and increased interest income from deposits[5] - The cash and cash equivalents at the end of Q3 2024 amounted to 582,566,236.55 CNY, down from 974,256,924.35 CNY at the end of the previous period[17] - The impact of exchange rate changes on cash and cash equivalents was 6,147,666.25 CNY, compared to 514,506.14 CNY in the previous period[17] Future Plans - The company plans to enhance its market expansion strategies and invest in new product development[10]