JL(300589)2024-10-27 07:34Financial Performance - Revenue for Q3 2024 reached ¥475,058,395.68, an increase of 90.92% compared to the same period last year[2] - Net profit attributable to shareholders was ¥3,551,955.06, up 17.15% year-on-year, while net profit excluding non-recurring items surged by 535.62% to ¥3,704,657.59[2] - The company reported total operating revenue of RMB 1,241,907,129.28 for the current period, a significant increase from RMB 683,314,921.25 in the previous period, representing a growth of approximately 82%[20] - The net profit for Q3 2024 was CNY 24,220,100.01, an increase from CNY 13,342,396.11 in Q3 2023, representing an 81.5% year-over-year growth[21] - Operating profit for Q3 2024 reached CNY 24,491,256.06, compared to CNY 10,795,564.61 in the same period last year, indicating a significant increase of 127.5%[21] - The company reported a total comprehensive income of CNY 24,211,967.96 for Q3 2024, compared to CNY 12,878,581.24 in Q3 2023, marking an increase of 88.5%[22] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.0641, up from CNY 0.0418 in Q3 2023, representing a growth of 53.5%[22] Assets and Liabilities - Total assets decreased by 15.78% to ¥2,015,049,307.46 compared to the end of the previous year[2] - The company's total assets decreased to RMB 2,015,049,307.46 from RMB 2,392,491,359.08, a reduction of approximately 16%[19] - The total liabilities of the company were reported at RMB 1,178,135,860.27, down from RMB 1,509,220,945.90, indicating a decrease of about 22%[19] - The company’s total liabilities decreased by 60.60% in contract liabilities, amounting to ¥305,403,640.73, due to increased investments and revenue recognition[6] Cash Flow and Investments - Cash flow from operating activities showed a significant decline, with a net outflow of ¥633,028,147.66, a decrease of 366.08% compared to the previous period[6] - The cash flow from operating activities showed a net outflow of CNY -633,028,147.66 in Q3 2024, contrasting with a net inflow of CNY 237,910,277.78 in Q3 2023[24] - The net cash increase in cash and cash equivalents was a negative ¥441,187,767.80, a decline of 432.91% compared to the previous period[6] - Cash and cash equivalents at the end of Q3 2024 were CNY 127,093,354.41, down from CNY 465,291,293.25 at the end of Q3 2023, a decrease of 72.7%[24] - The company reported a total investment cash inflow of CNY 210,021,250.45 in Q3 2024, compared to CNY 44,079.04 in Q3 2023, indicating a substantial increase[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,810[8] - The top shareholder, Xia Gang, holds 24.55% of the shares, totaling 69,535,759 shares[8] - The company’s major shareholders include individuals with significant stakes, such as Yan Zhiqing with 13.84%[8] - The company’s employee stock ownership plan saw adjustments with 10 former holders transferring their shares due to resignation[13] - The total number of restricted shares at the beginning of the period was 154,871,383, with 8,810,401 shares released during the period[10] - The company’s stock structure includes a mix of restricted and unrestricted shares, with specific release dates for locked shares[10] Operational Highlights - The company signed new orders worth 465 million RMB from January to September 2024, with a backlog of 1.455 billion RMB as of September 30, 2024[11] - A significant contract was signed with the Shenzhen Fire Rescue Team for a fireboat construction project, totaling 113.99 million RMB[12] - The company terminated a significant shipbuilding contract worth RMB 177,013,700 due to lack of progress after changes in the client's management[14] Accounts Receivable and Inventory - The company reported a 144.38% increase in accounts receivable, totaling ¥457,299,181.38, attributed to longer collection processes due to increased revenue[6] - Accounts receivable increased significantly to RMB 457,299,181.38 from RMB 187,129,132.98, marking an increase of about 144%[17] - Inventory increased by 94.69% to ¥235,179,961.24, reflecting expanded production capacity and higher raw material reserves[6] Research and Development - Research and development expenses for the current period were RMB 36,450,625.76, down from RMB 48,333,193.90 in the previous period, reflecting a decrease of about 25%[20] Financial Ratios - The company’s basic earnings per share for the period was ¥0.0094, representing a 17.50% increase year-on-year[2] - The weighted average return on equity was 0.40%, a slight increase of 0.01% compared to the previous year[2] - The total financial expenses decreased to CNY -5,050,049.96 in Q3 2024 from CNY -11,070,724.52 in Q3 2023, a reduction of 54.4%[21] - The company incurred a credit impairment loss of CNY -4,443,201.67 in Q3 2024, compared to a gain of CNY 708,907.71 in Q3 2023[21] - The company’s retained earnings increased to RMB 234,278,019.23 from RMB 219,856,970.16, showing a growth of approximately 7%[19]