Revenue and Profit - Revenue for Q3 2024 reached ¥718,742,221.39, an increase of 7.23% year-over-year[2] - Net profit attributable to shareholders decreased by 29.50% to ¥41,419,772.37 for Q3 2024[2] - Net profit excluding non-recurring items fell by 30.21% to ¥40,168,283.68[2] - Total operating revenue for Q3 2024 was CNY 1,925,696,811.08, an increase from CNY 1,836,749,164.25 in Q3 2023, representing a growth of approximately 4.8%[11] - Net profit for Q3 2024 was CNY 109,633,418.23, a decrease of 30% compared to CNY 156,893,235.82 in Q3 2023[12] - Operating profit for Q3 2024 was CNY 116,023,017.03, down 33.3% from CNY 173,653,732.77 in the same period last year[12] - Total comprehensive income for Q3 2024 was CNY 107,113,462.58, down from CNY 157,398,585.35 in Q3 2023, representing a decrease of approximately 31.9%[13] - Basic earnings per share for Q3 2024 were CNY 0.57, a decline from CNY 0.81 in Q3 2023[13] Assets and Liabilities - Total assets increased by 4.41% to ¥4,211,276,567.22 compared to the end of the previous year[2] - The company's total assets as of the end of Q3 2024 amounted to CNY 4,211,276,567.22, compared to CNY 4,033,404,140.20 at the beginning of the period, reflecting a growth of approximately 4.4%[10] - Current liabilities totaled CNY 1,071,204,544.05 at the end of Q3 2024, down from CNY 1,107,044,899.32 at the beginning of the period, showing a decrease of about 3.2%[11] - Non-current liabilities increased to CNY 88,051,414.24 from CNY 68,626,942.45, representing a rise of approximately 28.3%[11] - The company's total equity at the end of Q3 2024 was CNY 3,052,020,608.93, compared to CNY 2,857,732,298.43 at the beginning of the period, indicating an increase of about 6.8%[11] Cash Flow - Cash inflow from investment activities rose dramatically by 1076.91% to ¥2,174,841,564.30, mainly from the maturity of bank wealth management products[5] - The net cash flow from operating activities was CNY 236,364,823.81, slightly down from CNY 238,158,001.95 in Q3 2023[14] - The net cash flow from investment activities was -443,425,595.80 CNY, compared to -432,386,296.03 CNY in the previous period[15] - Total cash outflow from investment activities amounted to 2,618,267,160.10 CNY, significantly higher than 617,179,476.06 CNY in the prior period[15] - Cash and cash equivalents at the end of the period were 774,942,797.70 CNY, down from 1,050,709,600.21 CNY at the end of the previous period[15] - The net cash flow from financing activities was -73,599,953.84 CNY, compared to -47,980,590.77 CNY in the previous period[15] - Cash paid for dividends, profits, or interest amounted to 57,938,268.00 CNY, up from 42,488,063.20 CNY in the previous period[15] - The net increase in cash and cash equivalents was -283,460,922.57 CNY, compared to -241,813,622.75 CNY in the previous period[15] Investments and Financial Assets - The company reported a significant increase of 247.94% in trading financial assets, totaling ¥284,861,000.00[5] - Investment income surged by 777.18% to ¥3,019,182.45, attributed to increased investment activities[5] - The company experienced a significant increase in investment income, which rose to CNY 3,019,182.45 from CNY 344,190.87 year-over-year[12] - Financial assets at fair value through profit or loss increased from RMB 81.9 million to RMB 284.9 million[9] Shareholder Information and Repurchase - As of September 30, 2024, the total number of ordinary shareholders is 21,322, with the largest shareholder holding 42.00% of shares[7] - The company has repurchased a total of 568,100 shares, representing 0.29% of the total share capital, with a total transaction amount of approximately RMB 8.1 million[8] - The highest repurchase price per share was RMB 14.55, while the lowest was RMB 14.11[8] - The company plans to use between RMB 25 million and RMB 50 million for share repurchase, with a maximum price of RMB 22.12 per share[8] - The company has approved a share repurchase plan to be executed within 12 months from the board's approval date[8] Tax and Expenses - The company reported a 64.01% decrease in income tax expenses, totaling ¥5,940,919.74, due to increased losses that can be offset by subsidiaries[5] - The company’s tax expenses decreased to CNY 5,940,919.74 in Q3 2024 from CNY 16,505,593.42 in Q3 2023, indicating a reduction of approximately 64%[12] - Research and development expenses increased to CNY 79,210,287.78 in Q3 2024, compared to CNY 78,791,719.93 in Q3 2023, reflecting a growth of 0.5%[12] - The financial expenses for Q3 2024 were reported at CNY -7,995,526.05, an improvement from CNY -12,878,564.97 in Q3 2023[12] Other Financial Metrics - The company’s weighted average return on equity decreased to 1.44%, down by 0.64% compared to the previous year[2] - Cash and cash equivalents decreased from RMB 1.14 billion at the beginning of the period to RMB 870.5 million at the end of the period[9] - Accounts receivable decreased from RMB 635.1 million to RMB 588.1 million during the reporting period[9] - The company’s prepayments increased from RMB 15.7 million to RMB 17.8 million[9] - The company’s goodwill increased to CNY 15,147,991.53, with no prior balance reported, indicating new acquisitions or investments[10] - The company did not undergo an audit for the third quarter report[15]
中荣股份(301223) - 2024 Q3 - 季度财报