SBS(002098)2024-10-25 08:35Financial Performance - The company's revenue for Q3 2024 reached ¥667,281,935.84, representing a 27.86% increase compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥48,712,619.99, up 20.13% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥49,611,122.54, reflecting a 32.07% increase compared to the previous year[2]. - The company's basic earnings per share for Q3 2024 was ¥0.1361, an increase of 20.12% year-on-year[2]. - The net profit for Q3 2024 was CNY 172,874,071.41, an increase from CNY 99,771,031.85 in Q3 2023, representing a growth of approximately 73.4%[21]. - The total revenue from operating activities was CNY 1,751,269,097.97, compared to CNY 1,381,553,393.06 in the previous year, indicating a year-over-year increase of about 26.8%[25]. - The basic and diluted earnings per share for Q3 2024 were both CNY 0.4797, up from CNY 0.2836 in Q3 2023, reflecting a growth of approximately 69.1%[23]. - The company reported a total comprehensive income of CNY 172,802,913.97 for Q3 2024, compared to CNY 99,914,782.67 in Q3 2023, marking an increase of approximately 72.9%[23]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥2,087,176,828.07, a 12.28% increase from the end of the previous year[2]. - The company's total assets increased to ¥2,087,176,828.07, compared to ¥1,858,917,824.81 at the beginning of the year, marking a growth of about 12.3%[18]. - Current assets totaled ¥1,203,558,654.69, up from ¥972,385,006.24, indicating a significant increase of approximately 23.7%[17]. - The total liabilities increased to ¥786,731,365.63 from ¥655,272,956.60, reflecting a rise of approximately 20%[19]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was ¥144,442,317.50, showing a 4.83% increase compared to the same period last year[2]. - Cash received from investment decreased by 42.39% to ¥112,788,405.00, primarily due to a reduction in bank wealth management recoveries[8]. - The cash flow from tax refunds increased by 112.82% to ¥19,633,951.72 compared to the previous period, mainly due to an increase in export tax rebates[8]. - The company’s financing activities resulted in a net cash outflow of CNY 30,732,696.60, an improvement from a net outflow of CNY 96,757,940.19 in the previous year[26]. Costs and Expenses - The company's operating costs for the current period were ¥1,232,546,958.74, a 33.23% increase compared to the previous period, primarily due to sales growth[7]. - The total operating costs amounted to ¥1,665,014,035.73, up from ¥1,330,752,224.73, reflecting a year-over-year increase of approximately 25%[20]. - The income tax expense for Q3 2024 was ¥25,091,554.18, reflecting a 114.27% increase year-on-year, driven by profit growth[7]. - The company incurred a total of CNY 5,819,303.33 in non-operating expenses, which was higher than CNY 3,356,498.00 in the previous year, indicating an increase of approximately 73.3%[21]. - The total assets impairment loss for Q3 2024 was CNY 1,888,499.53, compared to CNY 606,340.71 in Q3 2023, reflecting an increase of about 211.5%[21]. Shareholder Information - The company distributed cash dividends amounting to ¥44,957,344.74, reflecting a significant increase of 321.62% compared to the previous period[8]. - Cash dividends distributed to shareholders totaled ¥39,380,000.00, with a proposed distribution of ¥1.10 per 10 shares based on a total share capital of 358,000,000 shares[15]. - As of September 30, 2024, shareholders holding more than 5% of the company's shares collectively owned 206,462,682 shares, representing 57.67% of the total share capital[11]. - The largest shareholder, Tianjin Huizefeng Enterprise Management Co., Ltd., holds 89,500,000 shares (25% of total shares), all of which are pledged and have been judicially frozen due to debt disputes[11]. - The company completed its 2023 profit distribution plan, ensuring shareholder returns were executed as planned[15]. Regulatory and Compliance - The company and its major shareholders are under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[13]. - The company has not received any formal administrative penalty decisions from the China Securities Regulatory Commission, indicating no immediate compliance risks[14]. Intellectual Property - The company has authorized a total of 704 patents, including 247 invention patents, as part of its strategy to protect intellectual property[12]. Inventory and Procurement - The company's inventory increased by 49.79% to ¥346,073,327.09, attributed to increased stock for sales growth[6]. - Cash paid for purchasing goods and services rose by 35.86% to ¥958,922,158.77, attributed to sales growth and corresponding increase in raw material procurement[8]. - Inventory levels rose to ¥346,073,327.09 from ¥231,032,197.03, representing an increase of about 49.8%[17]. - Cash paid for fixed assets and other long-term assets increased by 85.65% to ¥114,336,021.87, mainly due to increased investment in factory equipment[8].