华曙高科(688433) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for Q3 2024 was RMB 117.88 million, a decrease of 9.57% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was RMB 10.90 million, a significant decline of 64.05% year-over-year[2] - Net profit attributable to shareholders of the listed company decreased by 64.05% for the reporting period[8] - Net profit attributable to shareholders of the listed company decreased by 39.85% year-to-date[8] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses decreased by 49.73% for the reporting period, mainly due to lower downstream market demand and decreased sales revenue[8] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses decreased by 35.39% year-to-date, mainly due to increased sales costs[8] - Net profit for the quarter was RMB 43.8 million, a decrease of 39.8% compared to RMB 72.8 million in the same period last year[18] - Total operating revenue for the first three quarters of 2024 was RMB 344,907,322.53, a decrease from RMB 371,229,991.84 in the same period of 2023[16] - Sales revenue from goods and services for the first nine months was RMB 299.89 million, a decrease of 2.1% compared to RMB 306.18 million in the same period last year[20] R&D Investment and Expenses - R&D investment in Q3 2024 increased by 28.06% to RMB 28.07 million, accounting for 23.82% of total revenue[4] - R&D investment as a percentage of revenue increased by 7.00 percentage points, reflecting increased R&D efforts[8] - R&D expenses for the quarter were RMB 56.95 million, a slight decrease of 1.8% compared to RMB 57.99 million in the same period last year[18] Asset and Liability Changes - Total assets as of the end of Q3 2024 were RMB 2.35 billion, a slight increase of 1.10% compared to the end of the previous year[4] - Total assets for 2024 were RMB 2,347,008,310.71, slightly up from RMB 2,321,398,009.89 in 2023[14] - Total liabilities for 2024 were RMB 425,781,876.78, an increase from RMB 392,362,844.11 in 2023[15] - Shareholders' equity for 2024 was RMB 1,921,226,433.93, down from RMB 1,929,035,165.78 in 2023[15] - The company's total equity attributable to shareholders decreased by 0.40% to RMB 1.92 billion as of the end of Q3 2024[4] - Fixed assets increased to RMB 199,243,526.36 in 2024 from RMB 188,689,906.68 in 2023[13] - Construction in progress rose significantly to RMB 347,304,896.27 in 2024 from RMB 185,135,607.89 in 2023[13] - Contract liabilities increased to RMB 95,863,592.34 in 2024 from RMB 59,390,620.34 in 2023[14] Cash Flow and Financial Activities - The company's operating cash flow for Q3 2024 was negative RMB 53.48 million, compared to negative RMB 81.68 million in the same period last year[4] - Net cash flow from operating activities was -53.482 million yuan, an increase of 28.2022 million yuan compared to the same period last year, due to accelerated collections and better management of raw material procurement and supplier payments[8] - Operating cash flow for the first nine months was negative RMB 53.48 million, an improvement from negative RMB 81.68 million in the same period last year[20] - Cash outflow for the purchase of fixed assets, intangible assets, and other long-term assets was RMB 190.75 million for the first nine months, a significant increase of 191.4% compared to RMB 65.48 million in the same period last year[20] - Net cash flow from investment activities was -190,072,374.55, a decrease of 125,661,667.42 compared to the previous period[21] - Net cash flow from financing activities was -62,103,845.43, a significant decrease from the previous period's 1,018,978,763.53[21] - The net increase in cash and cash equivalents was -305,644,260.44, compared to 875,107,943.24 in the previous period[21] - The ending balance of cash and cash equivalents was 910,891,673.68, down from 1,237,817,186.46 in the previous period[21] - The company paid 39,768,168.02 in dividends, profits, or interest payments[21] - The company received 1,043,831,752.41 from absorbing investments, primarily from minority shareholders[21] - The company paid 22,335,677.41 in other financing-related cash outflows, slightly down from 24,852,988.88 in the previous period[21] - The impact of exchange rate changes on cash and cash equivalents was 13,921.56, significantly lower than the previous period's 2,224,031.48[21] Earnings Per Share and Return on Assets - Basic earnings per share for Q3 2024 were RMB 0.0264, down 63.93% from the same period last year[4] - Basic earnings per share decreased by 63.93% for the reporting period[8] - Basic earnings per share decreased by 42.45% year-to-date, mainly due to a decrease in net profit[8] - Basic earnings per share for the quarter were RMB 0.1059, a decrease of 42.4% compared to RMB 0.1840 in the same period last year[19] - Weighted average return on net assets for Q3 2024 was 0.59%, a decrease of 1.05 percentage points year-over-year[4] Government Subsidies and Non-Operating Income - Government subsidies and other non-operating income totaled RMB 9.78 million in Q3 2024[7] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 6,228[9] - The largest shareholder, Hunan Meina Technology Co., Ltd., holds 40.07% of the shares[10] Accounts Receivable and Inventory - Accounts receivable increased to RMB 318,166,283.87 in 2024 from RMB 225,236,320.97 in 2023[13] - Inventory rose to RMB 342,980,850.30 in 2024 compared to RMB 277,208,252.81 in 2023[13] Comprehensive Income and Tax Expenses - Total comprehensive income for the quarter was RMB 46.03 million, a decrease of 37.4% compared to RMB 73.51 million in the same period last year[19] - Other comprehensive income after tax for the quarter was RMB 2.23 million, a significant increase of 223.1% compared to RMB 0.69 million in the same period last year[19] - Income tax expense for the quarter was negative RMB 76,223, a significant change from RMB 5.12 million in the same period last year[18] Interest Income and Other Financial Metrics - Interest income for the quarter was RMB 12.54 million, an increase of 23.8% compared to RMB 10.13 million in the same period last year[18]