TC(603085)2024-10-27 07:34Revenue and Profit Growth - Revenue for the third quarter reached RMB 577.52 million, a year-on-year increase of 61.28%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 10.48 million, a year-on-year increase of 103.32%[2] - Revenue from January to September 2024 reached RMB 1.46 billion, a year-on-year increase of 47.74%[2] - Net profit attributable to shareholders of the listed company from January to September 2024 was RMB 26.25 million, a year-on-year increase of 53.11%[2] - Total revenue for the first three quarters of 2024 reached 1,457,082,560.95 yuan, a significant increase from 986,249,735.53 yuan in the same period of 2023[12] - Net profit for the first three quarters of 2024 was 26,248,885.64 yuan, up from 17,144,174.26 yuan in the same period of 2023[13] - Sales revenue from goods and services for the first three quarters of 2024 was RMB 1,130,360,504.26, a 32% increase from RMB 856,533,942.97 in the same period last year[14] Asset and Liability Changes - Total assets as of the end of the reporting period were RMB 3.15 billion, an increase of 20.99% compared to the end of the previous year[3] - Total assets increased to 3,152,998,232.72 RMB as of September 30, 2024, compared to 2,605,915,138.94 RMB at the end of 2023[10] - Current assets rose to 1,651,899,428.34 RMB, up from 1,276,594,024.45 RMB at the end of 2023[10] - Accounts receivable grew to 615,714,413.60 RMB, compared to 466,303,253.85 RMB at the end of 2023[10] - Inventory increased to 530,579,664.30 RMB, up from 415,982,435.45 RMB at the end of 2023[10] - Fixed assets expanded to 828,659,233.25 RMB, compared to 759,685,529.05 RMB at the end of 2023[10] - Short-term borrowings rose to 234,978,170.83 RMB, up from 149,912,986.67 RMB at the end of 2023[10] - Accounts payable increased to 822,571,854.02 RMB, compared to 536,394,305.64 RMB at the end of 2023[10] - Long-term equity investments stood at 13,622,408.19 RMB as of September 30, 2024[10] - Construction in progress grew to 224,804,007.48 RMB, up from 159,139,051.76 RMB at the end of 2023[10] - Goodwill increased to 23,984,726.95 RMB, compared to 19,564,095.07 RMB at the end of 2023[10] - Total liabilities increased to 2,255,094,120.55 yuan in 2024 from 1,723,822,413.68 yuan in 2023[11] - Long-term borrowings increased to 461,460,606.97 yuan in 2024 from 344,595,941.67 yuan in 2023[11] - Total assets and liabilities combined reached 3,152,998,232.72 yuan in 2024, up from 2,605,915,138.94 yuan in 2023[12] Equity and Earnings - Basic earnings per share for the third quarter were RMB 0.03, a year-on-year increase of 200.00%[3] - The company's total equity attributable to shareholders of the listed company was RMB 897.90 million, an increase of 1.79% compared to the end of the previous year[3] - Total equity attributable to the parent company's owners was 897,904,112.17 yuan in 2024, compared to 882,092,725.26 yuan in 2023[12] - Basic earnings per share for the first three quarters of 2024 were 0.07 yuan, compared to 0.04 yuan in the same period of 2023[13] - Diluted earnings per share for the quarter were RMB 0.07, compared to RMB 0.04 in the same period last year[14] Operating Performance - The increase in revenue and net profit was mainly driven by growth in the company's passenger car seat and aircraft seat businesses[5] - Operating profit for the first three quarters of 2024 was 18,069,098.25 yuan, up from 6,696,441.16 yuan in the same period of 2023[13] - R&D expenses for the first three quarters of 2024 were 79,742,819.27 yuan, slightly higher than 75,708,513.31 yuan in the same period of 2023[12] - Total comprehensive income for the first three quarters of 2024 was 16,041,976.28 yuan, up from 12,545,731.55 yuan in the same period of 2023[13] Cash Flow and Financial Activities - Net cash flow from operating activities for the first three quarters of 2024 was RMB 56,389,735.72, a significant improvement from a negative RMB 17,757,486.04 in the same period last year[14] - Cash received from tax refunds increased by 362% to RMB 11,938,986.03 in the first three quarters of 2024, compared to RMB 2,583,601.53 in the same period last year[14] - Cash paid for employee compensation increased by 32.7% to RMB 337,158,369.40 in the first three quarters of 2024, compared to RMB 254,153,698.48 in the same period last year[14] - Net cash flow from investing activities was negative RMB 152,491,791.87 in the first three quarters of 2024, compared to negative RMB 108,384,631.42 in the same period last year[15] - Cash received from borrowings decreased by 14.6% to RMB 493,000,000.00 in the first three quarters of 2024, compared to RMB 577,289,341.96 in the same period last year[15] - Net cash flow from financing activities increased by 454% to RMB 148,229,504.87 in the first three quarters of 2024, compared to RMB 26,760,441.72 in the same period last year[15] - The company's cash and cash equivalents balance at the end of the third quarter of 2024 was RMB 88,626,193.29, a significant increase from RMB 20,334,732.65 at the end of the same period last year[15] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to RMB 3.60 million, primarily due to government subsidies and gains from financial assets[4] Return on Equity - Weighted average return on equity for the third quarter was 1.17%, an increase of 0.6 percentage points compared to the same period last year[3]