江南奕帆(301023) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter reached 81.35 million yuan, an increase of 88.58% year-over-year[2] - Net profit attributable to shareholders for the third quarter was 28.99 million yuan, up 159.76% year-over-year[2] - Revenue increased by 57.42% to 202,264,397.23 yuan, driven by increased demand from overseas customers and solar motor demand[6] - Revenue for the quarter increased to 202.26 million yuan, up 57.4% compared to 128.49 million yuan in the same period last year[17] - Net profit attributable to the parent company reached 72.07 million yuan, an increase of 87.6% from 38.42 million yuan in the previous year[18] - Net profit for the quarter was 71.13 million yuan, an 88.4% increase from 37.74 million yuan in the previous year[18] - Basic earnings per share (EPS) rose to 1.3099 yuan, an 89.1% increase from 0.6926 yuan in the previous year[18] Operating Costs and Expenses - Operating costs rose by 53.07% to 112,631,049.79 yuan, corresponding to the revenue growth[6] - R&D expenses grew by 43.51% to 8,316,351.18 yuan due to increased research materials and personnel costs[6] - R&D expenses increased to 8.32 million yuan, up 43.5% from 5.80 million yuan in the same period last year[17] - The company's total operating costs increased to 130.10 million yuan, up 51.5% from 85.87 million yuan in the same period last year[17] Cash Flow - Net cash flow from operating activities increased by 72.78% to 28,625,476.73 yuan, driven by higher sales and collections[6] - Net cash flow from investing activities decreased by 60.86% to 50,697,717.05 yuan due to the timing of purchasing and redeeming financial products[6] - Net cash flow from financing activities improved by 38.23% to -53,205,279.17 yuan, influenced by the previous period's share repurchase[6] - Operating cash flow for the quarter was 28.63 million yuan, a 72.8% increase from 16.57 million yuan in the same period last year[19] - Investment cash flow was 50.70 million yuan, a decrease of 60.8% compared to 129.51 million yuan in the previous year[20] - Total cash inflows from investment activities were 809.06 million yuan, a decrease of 49.4% from 1.60 billion yuan in the previous year[20] - Payment of other cash related to financing activities: 335,352.51[21] - Total cash outflow from financing activities: 60,877,499.17[21] - Net cash flow from financing activities: -53,205,279.17[21] - Effect of exchange rate changes on cash and cash equivalents: -464,669.31[21] - Net increase in cash and cash equivalents: 25,653,245.30[21] - Beginning balance of cash and cash equivalents: 67,089,182.70[21] - Ending balance of cash and cash equivalents: 92,742,428.00[21] Assets and Liabilities - Total assets as of the end of the third quarter were 910.33 million yuan, a 2.97% increase compared to the end of the previous year[2] - Accounts receivable increased by 55.28% to 126.25 million yuan, driven by rapid revenue growth[5] - Prepaid expenses rose by 62.73% to 2.38 million yuan due to increased procurement of services and labor[5] - Long-term equity investments reached 48.95 million yuan, primarily due to new equity investments and investment income[5] - Construction in progress surged by 354.14% to 1.03 million yuan, mainly due to new factory renovations[5] - Contract liabilities increased by 57.50% to 1.55 million yuan, reflecting higher advance payments from customers[5] - Taxes payable rose by 132.71% to 5.36 million yuan, driven by increased revenue and profits[5] - As of September 30, 2024, the company's monetary funds decreased to RMB 348,960,427.99 from RMB 366,705,374.10 at the beginning of the period[14] - The company's accounts receivable increased to RMB 126,247,046.53 from RMB 81,303,256.51 at the beginning of the period[14] - The company's inventory increased to RMB 34,455,068.81 from RMB 29,853,665.71 at the beginning of the period[14] - The company's total assets increased to RMB 910,325,785.65 from RMB 884,099,904.17 at the beginning of the period[14] - The company's total liabilities increased to RMB 89,670,043.57 from RMB 74,049,520.56 at the beginning of the period[15] - The company's undistributed profits increased to RMB 309,450,653.82 from RMB 297,903,682.63 at the beginning of the period[15] Shareholder Information - Liu Jincheng holds 41.36% of the company's shares, totaling 23,160,000 shares, with 17,370,000 shares under lock-up[8] - Chen Yuanji and Gong Jianfen, as a couple, hold 9.56% and 9.43% of the shares respectively, with a significant portion under lock-up[8] - The company's restricted shares decreased by 5,790,000 shares, with 17,370,000 shares remaining under lock-up[10] - The company announced a semi-annual cash dividend of RMB 4.00 per share, totaling RMB 22,008,320, based on 55,020,800 shares after deducting repurchased shares[11] - The company granted 580,000 restricted shares to 35 incentive recipients, accounting for approximately 1.04% of the total shares[12] Miscellaneous - The company's third quarter report is unaudited[21]