联合光电(300691) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥480,689,249.28, representing a 6.22% increase year-over-year[2]. - Net profit attributable to shareholders decreased by 25.69% to ¥7,510,007.26, while net profit excluding non-recurring items was -¥29,502.14, a decline of 101.65%[2]. - The company reported a basic earnings per share of ¥0.02, down 50.00% year-over-year[2]. - The net profit for Q3 2024 was CNY 32,034,354.23, a decrease of 34.4% compared to CNY 48,830,128.14 in Q3 2023[21]. - Operating profit for Q3 2024 was CNY 23,540,956.32, down 49.9% from CNY 46,930,291.21 in the same period last year[21]. - The company reported a total comprehensive income of CNY 33,470,168.45 for Q3 2024, down from CNY 47,707,834.70 in Q3 2023[22]. - Basic earnings per share for Q3 2024 were CNY 0.17, slightly down from CNY 0.18 in the same quarter last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,839,659,635.41, an increase of 8.77% compared to the end of the previous year[2]. - The company's total equity decreased slightly to ¥1,634,672,341.91 from ¥1,639,164,032.97, a decline of 0.3%[19]. - Total liabilities increased to ¥1,204,987,293.50 from ¥971,482,686.44, a rise of 24%[18]. - The company’s total liabilities increased, with accounts payable rising by 30.43% to ¥367,241,302.86 due to increased procurement[6]. - Short-term borrowings rose to ¥200,000,000.00 from ¥89,696,564.01, an increase of 123%[18]. - Non-current assets totaled ¥1,219,507,121.29, up from ¥1,018,742,105.81, indicating a growth of 19.7%[17]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥188,104,253.89, a significant decline of 239.80% compared to the previous period[7]. - The cash and cash equivalents net increase was ¥86,196,430.15, a decrease of 34.51% compared to the previous period[7]. - The cash and cash equivalents at the end of Q3 2024 amounted to CNY 208,045,196.98, a decrease from CNY 350,278,201.74 at the end of Q3 2023[25]. - The company recorded a significant increase in investment cash outflow, totaling CNY 1,370,629,342.07 in Q3 2024, compared to CNY 175,870,666.79 in Q3 2023[25]. - The net cash flow from financing activities was CNY 258,876,904.00, a turnaround from a net outflow of CNY -23,369,804.19 in the previous year[25]. Research and Development - Research and development expenses increased by 33.90% to ¥166,193,901.30, driven by increased investment in new projects[7]. - Research and development expenses increased to ¥166,193,901.30, compared to ¥124,118,080.69, marking a growth of 34%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,390[8]. - The largest shareholder, Gong Junqiang, holds 17.75% of the shares, with a total of 47,747,349 shares, of which 24,700,000 are pledged[8]. - The top ten shareholders hold a total of 66.92% of the shares, indicating a concentrated ownership structure[9]. - The number of restricted shares held by Gong Junqiang decreased from 51,231,281 to 45,935,512 due to the release of restrictions[10]. - The company has a total of 72,934,327 restricted shares, with 14,503,457 shares released during the reporting period[11]. Strategic Initiatives - The company is focused on enhancing its competitive edge in the smart driving business through strategic partnerships and product development[14]. - The company aims to optimize its customer structure and increase market share in the intelligent driving sector[14]. - Joint Automotive has been designated as a supplier for two models of millimeter-wave radar for China FAW, with a total expected procurement amount of 170 million RMB and 216 million RMB over a 5-year period[14]. - The company implemented an equity incentive plan by transferring 66.66% of the shares of Rui Jin Technology to employee holding platforms for a total price of 22.857 million RMB, indirectly allowing employees to hold 20% of Joint Automotive[15].