福莱新材(605488) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 619.18 million, a year-on-year increase of 4.51%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 6.76 million, a year-on-year decrease of 56.50%[2] - Total operating revenue for the first three quarters of 2024 reached 1,775,510,144.10 RMB, a 14.2% increase compared to 1,554,562,872.28 RMB in the same period of 2023[16] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was 70,090,629.73 RMB, up 22.1% from 57,412,905.07 RMB in the same period of 2023[17] - Revenue from sales of goods and services for the first three quarters of 2024 was RMB 1,830,682,022.15, an increase from RMB 1,413,908,953.91 in the same period of 2023[18] Earnings Per Share (EPS) - Basic earnings per share for the third quarter were RMB 0.04, a year-on-year decrease of 55.56%[4] - Diluted earnings per share for the third quarter were RMB 0.04, a year-on-year decrease of 50.00%[4] - Basic earnings per share (EPS) for the first three quarters of 2024 was RMB 0.39, compared to RMB 0.33 in the same period of 2023[18] - Diluted earnings per share (EPS) for the first three quarters of 2024 was RMB 0.37, compared to RMB 0.30 in the same period of 2023[18] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 3.44 billion, a year-on-year increase of 19.11%[4] - Total assets increased from 2,890,977,787.02 RMB to 3,443,336,935.09 RMB[13] - Total liabilities as of Q3 2024 increased to 2,040,362,391.82 RMB, a 31.1% rise from 1,556,329,259.93 RMB in the same period of 2023[14] - Total owner's equity reached 1,402,974,543.27 RMB in Q3 2024, a 5.1% increase from 1,334,648,527.09 RMB in the same period of 2023[15] - The company's total assets reached 3,443,336,935.09 RMB in Q3 2024, a 19.1% increase from 2,890,977,787.02 RMB in the same period of 2023[15] Cash Flow - Operating cash flow for the period from the beginning of the year to the end of the reporting period was negative RMB 91.33 million, a year-on-year decrease of 228.78%[4] - Net cash flow from operating activities for the first three quarters of 2024 was RMB -91,331,082.22, a significant decrease from RMB 70,918,319.18 in the same period of 2023[18] - Net cash flow from investing activities for the first three quarters of 2024 was RMB -505,686,746.00, compared to RMB -453,821,410.98 in the same period of 2023[19] - Net cash flow from financing activities for the first three quarters of 2024 was RMB 380,986,710.23, a decrease from RMB 562,817,032.96 in the same period of 2023[19] - Cash and cash equivalents at the end of the third quarter of 2024 were RMB 258,442,914.30, down from RMB 577,617,998.86 at the end of the same period in 2023[19] - Cash received from tax refunds for the first three quarters of 2024 was RMB 51,101,761.86, up from RMB 37,679,088.54 in the same period of 2023[18] - Cash paid for goods and services for the first three quarters of 2024 was RMB 1,657,514,516.48, compared to RMB 1,181,955,747.01 in the same period of 2023[18] - Cash paid to employees for the first three quarters of 2024 was RMB 198,876,941.49, an increase from RMB 138,791,315.19 in the same period of 2023[18] Financial Ratios and Returns - Weighted average return on equity for the third quarter was 0.57%, a decrease of 0.88 percentage points year-on-year[4] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to RMB 1.99 million[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,798[8] - Zhejiang Fule New Materials Co., Ltd. repurchased 2,426,950 shares, accounting for 1.28% of the total shares[11] - The company's shareholder "Jiaxing Jinqu Investment Management Partnership (Limited Partnership)" changed its name to "Jiaxing Jinqu Enterprise Management Partnership (Limited Partnership)"[11] - 347,145 shares held by Goldman Sachs Group LLC are in a tradable delivery lock state[11] Operational Costs and Expenses - Total operating costs for the first three quarters of 2024 reached 1,722,827,534.22 RMB, a 14.6% increase compared to 1,502,816,930.09 RMB in the same period of 2023[16] - R&D expenses for the first three quarters of 2024 amounted to 72,978,228.14 RMB, a 13.6% increase compared to 64,227,352.00 RMB in the same period of 2023[16] Accounts and Inventory - The company's monetary funds decreased from 534,297,617.26 RMB to 344,043,101.27 RMB[11] - Accounts receivable increased from 362,285,541.89 RMB to 435,897,551.23 RMB[11] - Inventory increased from 200,157,071.76 RMB to 281,428,915.90 RMB[11] - Accounts payable increased to 297,666,390.59 RMB in Q3 2024, a 37.0% rise from 217,222,017.12 RMB in the same period of 2023[14] - Contract liabilities grew to 12,230,963.16 RMB in Q3 2024, a 157.9% increase from 4,742,858.69 RMB in the same period of 2023[14] Fixed Assets and Construction - Fixed assets increased from 731,801,074.50 RMB to 1,087,752,278.91 RMB[13] - Construction in progress increased from 468,697,888.88 RMB to 654,778,295.54 RMB[13] Borrowings and Loans - Short-term borrowings increased from 214,145,494.70 RMB to 466,113,536.27 RMB[13] - Long-term loans increased to 386,987,160.41 RMB in Q3 2024, a 67.8% rise from 230,590,731.15 RMB in the same period of 2023[14] Profit Decrease Explanation - The decrease in net profit was mainly due to the BOPP project's capacity ramp-up and intense market competition, as well as the impact of depreciation, energy costs, and wages during the optimization and capacity ramp-up phase of the advertising relocation project[7]