瑞可达(688800) - 2024 Q3 - 季度财报

Major Financial Data This section presents the company's key financial performance indicators, non-recurring gains and losses, and explanations for significant changes in financial metrics Major Accounting Data and Financial Indicators This reporting period saw significant growth in operating revenue and net profit attributable to shareholders, with operating revenue increasing by 60.90% and net profit by 40.67%, while year-to-date net cash flow from operating activities surged by 179.79% Major Accounting Data and Financial Indicators | Item | Current Period (RMB) | Current Period vs. Prior Year Change (%) | Year-to-Date (RMB) | Year-to-Date vs. Prior Year Change (%) | | :--------------------------------------------- | :------------- | :--------------------------------- | :------------------ | :----------------------------------------- | | Operating Revenue | 631,342,840.45 | 60.90 | 1,589,446,323.13 | 52.75 | | Net Profit Attributable to Shareholders of Listed Company | 40,998,773.57 | 40.67 | 105,962,961.64 | 10.60 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 40,106,676.20 | 51.74 | 99,896,217.80 | 15.54 | | Net Cash Flow from Operating Activities | N/A | N/A | 166,750,269.57 | 179.79 | | Basic Earnings Per Share (RMB/share) | 0.26 | 420.00 | 0.67 | 11.67 | | Diluted Earnings Per Share (RMB/share) | 0.26 | 420.00 | 0.67 | 11.67 | | Total R&D Investment | 40,460,627.76 | 28.10 | 111,278,053.79 | 29.91 | | Total Assets | 3,925,464,041.71 | 14.96 (vs. end of prior year) | | | | Equity Attributable to Shareholders of Listed Company | 2,029,022,837.20 | 4.40 (vs. end of prior year) | | | Non-Recurring Gains and Losses Items and Amounts The company's non-recurring gains and losses totaled 892,097.37 RMB for the current period and 6,066,743.84 RMB year-to-date, primarily from government grants, fair value changes of financial assets, and disposal of non-current assets Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | :------------ | :---------------------- | | Gains and losses from disposal of non-current assets, including the write-off of impairment provisions | 6,441.18 | 155,656.90 | | Government grants recognized in current profit or loss, excluding those closely related to normal operations, compliant with national policies, enjoyed under fixed standards, and with continuous impact on profit or loss | 436,327.44 | 4,553,614.90 | | Gains and losses from fair value changes of financial assets and liabilities, and from disposal of financial assets and liabilities, excluding effective hedging activities related to normal operations; funds received from non-financial enterprises recognized in current profit or loss | 597,670.40 | 1,995,697.86 | | Other non-operating income and expenses apart from the above | -47,825.72 | -67,645.48 | | Less: Income tax impact | 63,950.03 | 1,079,427.27 | | Impact on minority shareholders' equity (after tax) | 36,565.90 | 131,606.96 | | Total | 892,097.37 | 6,066,743.84 | Changes and Reasons for Major Accounting Data and Financial Indicators The company's revenue and net profit growth in the current period are primarily driven by the strong performance of its new energy connector business, while the significant increase in net cash flow from operating activities is mainly due to increased customer payments resulting from higher revenue, and increased R&D investment reflects continuous commitment to forward-looking research, new product development, and technological innovation Changes and Reasons for Major Accounting Data and Financial Indicators | Item | Change Percentage (%) | Primary Reasons | | :------------------------------------ | :------------ | :--------------------------------------------------------------------------------------------------- | | Operating Revenue_Current Period | 60.90 | Primarily due to the growth of new energy connector business in the current period | | Operating Revenue_Year-to-Date | 52.75 | Primarily due to the growth of new energy connector business in the current period | | Net Profit Attributable to Shareholders of Listed Company_Current Period | 40.67 | Primarily due to profit growth driven by increased operating revenue in the current period | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses_Current Period | 51.74 | Primarily due to profit growth driven by increased operating revenue in the current period | | Net Cash Flow from Operating Activities_Year-to-Date | 179.79 | Primarily due to increased customer payments received as a result of operating revenue growth in the current period | | Basic Earnings Per Share (RMB/share)_Current Period | 420.00 | Primarily due to increased net profit in the current period | | Diluted Earnings Per Share (RMB/share)_Current Period | 420.00 | Primarily due to increased net profit in the current period | | Total R&D Investment_Current Period | 28.10 | Primarily due to the company's vigorous efforts in forward-looking research, new product development, process technology innovation, product iteration, establishment of R&D centers, and recruitment of R&D personnel | | Total R&D Investment_Year-to-Date | 29.91 | Same as above | Shareholder Information This section provides details on the company's shareholder structure, including the total number of common shareholders and the holdings of the top ten shareholders Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 8,228 common shareholders, with Wu Shijun holding the largest stake at 28.50% among the top ten, and having associated or concerted party relationships with Suzhou Lianrui Investment Management Center (Limited Partnership), Huang Bo, Ma Jian, and Dongwu Securities-Minsheng Bank-Dongwu Securities Ruikeda Employee Strategic Placement Collective Asset Management Plan Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | Number of Restricted Shares Held | Number of Restricted Shares Including Transferred-out Shares | Pledge, Mark, or Freeze Status | Quantity | | :------------------------------------------------------------------------------------------------------ | :--------- | :--------- | :----------- | :--------------------- | :------------------------------- | :------------------- | :--- | | Wu Shijun | Domestic Natural Person | 45,150,000 | 28.50 | 0 | 0 | None | 0 | | Huang Bo | Domestic Natural Person | 9,996,000 | 6.31 | 0 | 0 | None | 0 | | Suzhou Lianrui Investment Management Center (Limited Partnership) | Other | 5,600,000 | 3.53 | 0 | 0 | None | 0 | | Beijing Guoke Ruihua Strategic Emerging Industry Investment Fund (Limited Partnership) | Other | 5,600,000 | 3.53 | 0 | 0 | None | 0 | | Suzhou Industrial Park Yuanhe Chongyuan Equity Investment Fund Management Co., Ltd. - Suzhou Industrial Park Yuanhe Chongyuan No. 2 Equity Investment Fund Partnership (Limited Partnership) | Other | 2,957,437 | 1.87 | 0 | 0 | None | 0 | | Ma Jian | Domestic Natural Person | 2,772,000 | 1.75 | 0 | 0 | None | 0 | | Shou Zugang | Domestic Natural Person | 2,716,000 | 1.71 | 0 | 0 | None | 0 | | Dongwu Securities - Minsheng Bank - Dongwu Securities Ruikeda Employee Strategic Placement Collective Asset Management Plan | Other | 2,142,000 | 1.35 | 0 | 0 | None | 0 | | Ruizhong Life Insurance Co., Ltd. - Own Funds | Domestic Non-State-Owned Legal Person | 1,954,493 | 1.23 | 0 | 0 | None | 0 | | Dongwu Innovation Capital Management Co., Ltd. | State-Owned Legal Person | 1,890,000 | 1.19 | 0 | 0 | None | 0 | - Wu Shijun is the executive partner of Suzhou Lianrui Investment Management Center (Limited Partnership) and holds 23.63% of its capital contribution, making Suzhou Lianrui Investment Management Center (Limited Partnership) a concerted party of Wu Shijun[9] - Huang Bo and Ma Jian hold 6.75% and 3.90% of the capital contribution in Suzhou Lianrui Investment Management Center (Limited Partnership), respectively[9] - Wu Shijun, Huang Bo, and Ma Jian hold 18.52%, 10.37%, and 14.81% of the Dongwu Securities - Minsheng Bank - Dongwu Securities Ruikeda Employee Strategic Placement Collective Asset Management Plan, respectively[9] Other Reminders This section addresses any additional important information regarding the company's operating performance during the reporting period that investors should be aware of Other Important Information Regarding the Company's Operating Performance During the Reporting Period Requiring Investor Attention The company declares no other significant operating information requiring special investor attention for this reporting period - The company has no other important information regarding its operating performance during the reporting period that requires investor attention[10] Quarterly Financial Statements This section presents the company's unaudited quarterly financial statements, including the consolidated balance sheet, income statement, and cash flow statement Type of Audit Opinion The quarterly financial statements are unaudited - The third quarter financial statements are unaudited[2][11] Financial Statements This section provides the company's consolidated balance sheet as of September 30, 2024, and consolidated income statement and cash flow statement for the first three quarters of 2024, comprehensively presenting the company's financial position, operating results, and cash flow situation Consolidated Balance Sheet As of September 30, 2024, the company's total assets reached 3,925,464,041.71 RMB, a 14.96% increase from the end of the previous year, with total current assets at 2,710,100,364.48 RMB and total non-current assets at 1,215,363,677.23 RMB; total current liabilities were 1,577,208,707.20 RMB, total non-current liabilities were 282,839,777.20 RMB, and equity attributable to owners of the parent company was 2,029,022,837.20 RMB Consolidated Balance Sheet | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--------------------- | :---------------------- | :----------------------- | | Cash and Cash Equivalents | 699,978,001.63 | 963,463,376.81 | | Financial Assets Held for Trading | 346,000,000.00 | | | Accounts Receivable | 691,728,422.70 | 602,247,806.99 | | Inventories | 615,282,740.42 | 404,613,142.14 | | Total Current Assets | 2,710,100,364.48 | 2,350,088,514.74 | | Fixed Assets | 594,047,782.83 | 578,018,868.55 | | Construction in Progress | 323,128,042.58 | 200,772,513.58 | | Total Non-Current Assets | 1,215,363,677.23 | 1,064,417,483.22 | | Total Assets | 3,925,464,041.71 | 3,414,505,997.96 | | Short-term Borrowings | 380,101,461.11 | 340,273,411.12 | | Accounts Payable | 747,810,977.00 | 588,283,803.12 | | Total Current Liabilities | 1,577,208,707.20 | 1,288,176,361.56 | | Total Non-Current Liabilities | 282,839,777.20 | 152,176,753.61 | | Equity Attributable to Owners of the Parent Company | 2,029,022,837.20 | 1,943,440,843.79 | | Total Liabilities and Owners' Equity | 3,925,464,041.71 | 3,414,505,997.96 | Consolidated Income Statement For the first three quarters of 2024, the company achieved operating revenue of 1,589,446,323.13 RMB, a 52.75% year-on-year increase, with net profit at 107,620,472.11 RMB, of which net profit attributable to owners of the parent company was 105,962,961.64 RMB, up 10.60% year-on-year, and total operating costs were 1,483,723,815.81 RMB Consolidated Income Statement | Item | First Three Quarters 2024 (Jan-Sep) (RMB) | First Three Quarters 2023 (Jan-Sep) (RMB) | | :---------------------------------------- | :---------------------------- | :---------------------------- | | Operating Revenue | 1,589,446,323.13 | 1,040,561,731.96 | | Total Operating Costs | 1,483,723,815.81 | 945,822,417.54 | | Including: Operating Costs | 1,239,666,807.53 | 769,586,449.41 | | Selling Expenses | 33,412,441.12 | 28,510,434.44 | | Administrative Expenses | 82,333,357.61 | 58,331,658.33 | | R&D Expenses | 111,278,053.79 | 85,660,752.05 | | Financial Expenses | 9,892,515.69 | -2,070,676.20 | | Operating Profit | 115,563,653.59 | 104,046,992.80 | | Total Profit | 115,451,885.24 | 103,726,811.10 | | Net Profit | 107,620,472.11 | 95,611,112.66 | | Net Profit Attributable to Owners of the Parent Company | 105,962,961.64 | 95,811,045.27 | | Minority Interests | 1,657,510.47 | -199,932.61 | | Net Amount of Other Comprehensive Income After Tax | -12,474,982.65 | 4,065,411.78 | | Total Comprehensive Income | 95,145,489.46 | 99,676,524.44 | | Basic Earnings Per Share (RMB/share) | 0.67 | 0.60 | Consolidated Cash Flow Statement For the first three quarters of 2024, net cash flow from operating activities was 166,750,269.57 RMB, a significant increase from the prior year, while net cash flow from investing activities was -587,789,791.75 RMB, mainly due to increased cash payments for acquiring fixed assets, intangible assets, and other long-term assets, and net cash flow from financing activities was 166,138,526.91 RMB Consolidated Cash Flow Statement | Item | First Three Quarters 2024 (Jan-Sep) (RMB) | First Three Quarters 2023 (Jan-Sep) (RMB) | | :--------------------------------- | :---------------------------- | :---------------------------- | | Subtotal of Cash Inflows from Operating Activities | 1,469,031,185.20 | 1,249,749,065.36 | | Subtotal of Cash Outflows from Operating Activities | 1,302,280,915.62 | 1,190,149,731.60 | | Net Cash Flow from Operating Activities | 166,750,269.57 | 59,599,333.76 | | Subtotal of Cash Inflows from Investing Activities | 230,757,803.39 | 1,345,489,747.43 | | Subtotal of Cash Outflows from Investing Activities | 818,547,595.14 | 2,144,214,886.11 | | Net Cash Flow from Investing Activities | -587,789,791.75 | -798,725,138.67 | | Subtotal of Cash Inflows from Financing Activities | 641,468,088.68 | 541,674,639.39 | | Subtotal of Cash Outflows from Financing Activities | 475,329,561.77 | 310,152,101.16 | | Net Cash Flow from Financing Activities | 166,138,526.91 | 231,522,538.23 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | -3,851,265.58 | 2,136,429.31 | | Net Increase in Cash and Cash Equivalents | -258,752,260.85 | -505,466,837.37 | | Cash and Cash Equivalents at End of Period | 656,835,327.54 | 527,804,216.40 |