方大新材(838163) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 510,343,582.24, a 43.66% increase from CNY 355,232,491.59 in the same period of 2023[3] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 35,955,715.68, up 18.01% from CNY 30,468,640.90 year-on-year[3] - The company reported a 54.15% increase in revenue for Q3 2024, reaching CNY 180,574,313.56 compared to CNY 117,141,358.19 in Q3 2023[3] - Basic earnings per share rose to CNY 0.28, reflecting a 16.67% increase from CNY 0.24 in the previous year[3] - Net profit for the period was ¥37,317,745.03, compared to ¥30,468,640.90 in 2023, reflecting a growth of approximately 22.5%[20] - The company reported a net profit attributable to shareholders of ¥35,955,715.68, compared to ¥30,468,640.90 in the previous year, an increase of about 18.1%[20] Assets and Liabilities - Total assets increased by 12.61% to CNY 831,908,561.32 as of September 30, 2024, compared to CNY 738,764,613.46 at the end of 2023[3] - Total liabilities reached CNY 377.80 million, up from CNY 292.31 million, reflecting an increase of approximately 29.3%[15] - The company's equity increased to CNY 454.11 million from CNY 446.45 million, a rise of approximately 1.7%[15] - Non-current liabilities totaled ¥201,273,477.21, compared to ¥152,639,068.91 in the previous year, representing an increase of about 31.8%[18] Cash Flow - The company's cash flow from operating activities showed a significant decline of 60.11%, totaling CNY 17,346,707.75 compared to CNY 43,488,003.24 in the previous year[3] - Operating cash flow for the first nine months of 2024 was ¥17.35 million, a decrease from ¥43.49 million in the same period of 2023[23] - Net cash flow from investing activities was -¥63,271,801.84, a 56.59% increase due to cash payments for the production line project[5] - Net cash flow from financing activities decreased to ¥5,729,931.74, down 96.01% due to cash repayments of project loans and increased dividend payments[5] Inventory and Costs - Inventory increased by 58.94% to CNY 188,306,469.87, driven by rising demand for raw materials and semi-finished products due to production ramp-up[4] - The gross profit margin for the first nine months of 2024 was impacted by a 46.62% increase in operating costs, totaling CNY 426,838,842.19[4] - Total operating costs amounted to ¥463,939,242.41, up from ¥317,492,089.10 in 2023, indicating an increase of about 46.1%[19] Research and Development - R&D expenses increased to ¥15,999,014.56, representing a 35.79% rise due to project delays from the previous year and an increase in new product and technology development[5] - Research and development expenses increased to ¥15.99 million in the first nine months of 2024, compared to ¥11.78 million in the same period of 2023, reflecting a 35.5% increase[21] Shareholder Information - Major shareholders include Yang Zhi with 63.44% ownership and Huang Chao with 4.32% ownership, among others[7] - The total number of ordinary shares at the end of the period was 128,715,160, with a slight decrease of 292,840 shares[6] - The company plans to grant a total of 2.56 million restricted shares to 76 eligible incentive recipients as part of the 2022 equity incentive plan[10] Miscellaneous - The company has no significant litigation or arbitration matters during the reporting period[10] - The company has fulfilled all disclosed commitments without any breaches[11] - The company has implemented a share buyback plan as part of its equity incentive strategy[11]