苏州龙杰(603332) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥505,481,917.50, representing a year-on-year increase of 1.47%[2] - The net profit attributable to shareholders for Q3 2024 was ¥27,586,482.42, showing a significant increase of 193.60% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥25,512,785.05, an increase of 261.54% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.13, reflecting a 225.00% increase compared to the same period last year[4] - The increase in net profit for Q3 2024 was mainly attributed to higher production and sales volumes, as well as improved product profitability[7] - The company's operating revenue for the first three quarters of 2024 reached ¥1,258,793,290.23, an increase of 15.2% compared to ¥1,092,501,693.00 in the same period of 2023[16] - The net profit for the first three quarters of 2024 was ¥58,145,591.29, a significant recovery from a net loss of ¥13,842,544.08 in the first three quarters of 2023[16] - The company reported a gross profit margin of approximately 9.3% for the first three quarters of 2024, compared to a margin of 2.9% in the same period of 2023[16] - The basic earnings per share improved to ¥0.27 in 2024 from a loss of ¥0.06 in 2023, indicating a turnaround in profitability[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,503,600,674.35, a slight decrease of 0.03% from the end of the previous year[4] - The equity attributable to shareholders at the end of the reporting period was ¥1,266,671,127.74, an increase of 0.60% compared to the end of the previous year[4] - The company's total current assets as of September 30, 2024, amount to RMB 958,616,451.87, showing a slight increase from RMB 958,083,698.85 at the end of 2023[11] - The total assets of the company are RMB 1,503,600,674.35, slightly down from RMB 1,504,001,312.16 at the end of 2023[13] - The company’s total liabilities include short-term borrowings of RMB 24,000,000.00 and accounts payable of RMB 20,575,137.69[13] - The total liabilities decreased to ¥236,929,546.61 in Q3 2024 from ¥244,865,042.79 in Q3 2023, indicating improved financial stability[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥122,355,166.52, indicating cash outflow primarily due to increased cash payments for goods and services[8] - The cash flow from operating activities showed a net outflow of ¥122,355,166.52 in 2024, compared to a smaller outflow of ¥50,995,283.63 in 2023, highlighting cash management challenges[18] - The net cash flow from investment activities was -108,382,574.37 CNY, compared to -86,313,971.63 CNY in the previous period, indicating a decline in investment performance[19] - Cash inflow from financing activities totaled 180,222,432.88 CNY, up from 141,658,659.60 CNY year-over-year, reflecting increased borrowing and investment receipts[19] - The cash outflow from financing activities increased to 180,590,282.92 CNY from 127,571,553.75 CNY, resulting in a net cash flow from financing activities of -367,850.04 CNY, down from 14,087,105.85 CNY[19] - The company reported a net decrease in cash and cash equivalents of -231,105,571.17 CNY, compared to -123,222,149.41 CNY in the same period last year, indicating cash flow challenges[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,445[9] - The largest shareholder, Zhangjiagang Longjie Investment Co., Ltd., holds 112,112,000 shares, accounting for 51.82% of the total shares[9] - The company has a total of 216,347,184 shares under lock-up conditions[9] Investment and R&D - Research and development expenses increased to ¥41,079,817.00 in 2024, up from ¥32,110,668.63 in 2023, reflecting a focus on innovation[16] - The company received cash inflows from investment activities totaling ¥522,375,140.86 in 2024, down from ¥849,123,404.12 in 2023, reflecting a decrease in investment returns[18] - The cash flow from investment activities totaled 630,757,715.23 CNY, down from 935,437,375.75 CNY, indicating reduced investment activity[19] Financial Management - The company reported a weighted average return on equity of 2.20% for the current period, an increase of 1.44 percentage points compared to the previous year[4] - The company’s financial expenses showed a net income of -¥4,368,701.92 in 2024, compared to -¥2,528,670.04 in 2023, suggesting a shift in financial management[16] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting and performance metrics[19] Other Financial Metrics - Non-recurring gains for the current period included government subsidies amounting to ¥153,038.00 and gains from the disposal of non-current assets totaling ¥1,019,206.36[5] - The company experienced a foreign exchange impact of 19.76 CNY on cash and cash equivalents, which may affect overall financial performance[19] - The company reported a significant increase in prepayments, which rose to RMB 68,860,205.25 from RMB 25,679,663.26, indicating a growth of approximately 168%[11] - The cash and cash equivalents decreased to RMB 86,364,524.48 from RMB 338,472,743.36 at the end of 2023, representing a decline of approximately 74.5%[11] - Inventory increased significantly to RMB 298,497,518.39 from RMB 187,793,624.44, reflecting a growth of about 59%[13] - The total cash and cash equivalents at the end of the period were 86,179,268.93 CNY, compared to 72,702,325.50 CNY in the previous year, showing an increase in liquidity[19] - The company paid 32,347,989.60 CNY in dividends and interest, up from 16,651,190.59 CNY, reflecting a commitment to shareholder returns despite cash flow issues[19]