Headman(688577)2024-10-28 07:58Revenue and Profit - Revenue for the third quarter was RMB 170.31 million, an increase of 8.49% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 6.38 million, up 26.97% year-over-year[2] - Cumulative revenue from the beginning of the year to the end of the reporting period was RMB 544.06 million, an increase of 16.92% year-over-year[2] - Net profit attributable to shareholders from the beginning of the year to the end of the reporting period was RMB 17.33 million, a decrease of 27.47% year-over-year[2] - Total revenue for the first three quarters of 2024 reached 544,063,882.95 yuan, a 16.9% increase compared to 465,336,127.74 yuan in the same period of 2023[14] - Operating profit for Q3 2024 was RMB 17.40 million, compared to RMB 25.43 million in the same period last year[16] - Net profit for Q3 2024 was RMB 17.33 million, down from RMB 22.45 million in Q3 2023[16] - Net profit for the quarter was RMB 8.66 million, compared to RMB 17.40 million in the same period last year, a decrease of 50.2%[26] R&D and Operating Costs - R&D investment for the third quarter was RMB 10.98 million, accounting for 6.45% of revenue, an increase of 0.68 percentage points year-over-year[3] - Operating costs for the first three quarters of 2024 were 536,692,640.81 yuan, up 18% from 454,954,302.78 yuan in the same period of 2023[14] - R&D expenses for the first three quarters of 2024 increased to 33,883,137.08 yuan, a 14% rise compared to 29,729,883.50 yuan in the same period of 2023[14] - Research and development expenses for the first three quarters of 2024 were 24,234,865.42 RMB, slightly up from 23,617,034.57 RMB in the same period of 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1.63 billion, an increase of 12.20% compared to the end of the previous year[3] - Equity attributable to shareholders at the end of the reporting period was RMB 1.01 billion, an increase of 13.83% compared to the end of the previous year[3] - Total assets as of Q3 2024 stood at 1,629,119,120.19 yuan, a 12.2% increase from 1,451,927,972.48 yuan in the same period of 2023[11] - Fixed assets grew to 575,469,902.05 yuan in Q3 2024, a 22% increase from 471,496,502.59 yuan in the same period of 2023[11] - Total liabilities for Q3 2024 were 623,606,960.41 yuan, a 9.7% increase compared to 568,617,786.02 yuan in the same period of 2023[12] - Shareholders' equity increased to 1,005,512,159.78 yuan in Q3 2024, up 13.8% from 883,310,186.46 yuan in the same period of 2023[12] - Total assets increased to 1,562,475,721.30 RMB as of September 30, 2024, compared to 1,369,592,242.86 RMB at the end of 2023[21][22][24] - Total liabilities increased to 586,280,637.44 RMB as of September 30, 2024, compared to 505,984,036.47 RMB at the end of 2023[23] - Total equity increased to 976,195,083.86 RMB as of September 30, 2024, compared to 863,608,206.39 RMB at the end of 2023[24] - Short-term borrowings increased to 123,103,758.26 RMB as of September 30, 2024, from 103,099,971.67 RMB at the end of 2023[23] Cash Flow and Financing - The net cash flow from operating activities for the period from the beginning of the year to the end of the reporting period was RMB 52.14 million, an increase of 35.26% year-over-year, mainly due to increased use of acceptance bills for procurement[6] - Net cash flow from operating activities for the first nine months of 2024 was RMB 52.14 million, up from RMB 38.55 million in the same period last year[19] - Net cash flow from financing activities for the first nine months of 2024 was RMB 112.67 million, significantly higher than RMB 24.27 million in the same period last year[19] - Cash and cash equivalents at the end of Q3 2024 were RMB 163.42 million, compared to RMB 67.94 million at the end of Q3 2023[19] - Net cash flow from operating activities was 173,483,787.11 RMB as of September 30, 2024, a significant increase from 49,006,836.47 RMB at the end of 2023[21] - Operating cash flow for the first nine months of 2024 was RMB 46.01 million, a significant increase from RMB 9.62 million in the same period last year[27] - Cash and cash equivalents at the end of the period were RMB 159.29 million, up from RMB 63.00 million at the end of the previous year[28] - Total cash inflows from financing activities for the first nine months of 2024 were RMB 255.79 million, compared to RMB 82.50 million in the same period last year[27] - Cash outflows from investment activities for the first nine months of 2024 were RMB 44.06 million, slightly higher than RMB 39.06 million in the same period last year[27] - The company received RMB 18.27 million in tax refunds during the first nine months of 2024, up from RMB 12.70 million in the same period last year[27] - Total cash inflows from operating activities for the first nine months of 2024 were RMB 381.63 million, compared to RMB 271.91 million in the same period last year[27] - Cash outflows from operating activities for the first nine months of 2024 were RMB 335.61 million, up from RMB 262.29 million in the same period last year[27] - The company's cash and cash equivalents increased by RMB 110.54 million during the first nine months of 2024, compared to a decrease of RMB 18.64 million in the same period last year[28] Shareholders and Equity - Total number of ordinary shareholders at the end of the reporting period is 2,905[7] - Top shareholder Gao Changquan holds 18,167,426 shares, representing 22.86% of total shares[7] - Second largest shareholder Gao Zhaochun holds 13,070,253 shares, representing 16.44% of total shares[7] - Company raised RMB 138,420,008.91 through private placement of 3,596,259 shares at RMB 38.49 per share[9] - Total share capital increased from 75,889,262 shares to 79,485,521 shares after private placement[9] - The company's capital reserve increased to 666,306,990.50 yuan in Q3 2024, up 19.9% from 555,768,524.56 yuan in the same period of 2023[12] Inventory and Accounts Receivable - Inventory increased from RMB 369,841,177.53 to RMB 425,796,388.74 as of September 30, 2024[10] - Accounts receivable increased from RMB 117,279,729.34 to RMB 124,232,222.95 as of September 30, 2024[10] - Inventory increased to 394,569,773.84 RMB as of September 30, 2024, compared to 335,389,657.97 RMB at the end of 2023[21] - Accounts receivable decreased slightly to 108,290,040.77 RMB as of September 30, 2024, from 112,718,588.78 RMB at the end of 2023[21] Other Financial Metrics - Non-recurring gains and losses for the third quarter amounted to RMB 6.15 million, primarily due to government subsidies and other non-operating income[5] - Monetary funds increased significantly from RMB 53,302,971.01 to RMB 177,617,067.71 as of September 30, 2024[10] - Total current assets increased from RMB 721,714,673.16 to RMB 876,319,927.39 as of September 30, 2024[10] - Sales expenses for the first three quarters of 2024 rose to 49,982,627.80 yuan, a 21.6% increase compared to 41,109,414.62 yuan in the same period of 2023[14] - Other income for the first three quarters of 2024 decreased to 9,244,510.99 yuan, a 35.5% drop from 14,339,352.72 yuan in the same period of 2023[14] - Basic and diluted earnings per share for Q3 2024 were RMB 0.23, compared to RMB 0.31 in Q3 2023[17] - Cash received from sales of goods and services in the first nine months of 2024 was RMB 242.33 million, slightly lower than RMB 248.71 million in the same period last year[18] - Sales revenue from goods and services for the first nine months of 2024 was RMB 205.91 million, down from RMB 224.26 million in the same period last year[27] - Construction in progress increased significantly to 48,676,966.54 RMB as of September 30, 2024, from 4,712,065.79 RMB at the end of 2023[21]