Accotest(688200)2024-10-28 08:24Revenue and Profit - Revenue for the third quarter reached RMB 242.13 million, a year-on-year increase of 76.42%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 100.60 million, a year-on-year increase of 181.16%[2] - Total revenue for the first three quarters of 2024 reached 621,198,629.10 RMB, compared to 518,732,953.94 RMB in the same period last year[14] - Net profit for the first three quarters of 2024 was 213,093,657.21 RMB, up from 197,056,041.97 RMB in the same period last year[15] - Operating profit for the first three quarters of 2024 was 228,967,339.25 RMB, compared to 210,622,068.94 RMB in the same period last year[15] - Comprehensive income for the first three quarters of 2024 reached RMB 214,115,901.42, compared to RMB 232,041,402.47 in the same period of 2023[16] R&D and Expenses - R&D investment for the third quarter was RMB 43.86 million, accounting for 18.11% of revenue, a decrease of 6.6 percentage points compared to the same period last year[3] - R&D expenses increased to 120,879,307.89 RMB, up from 99,514,945.61 RMB in the same period last year[15] - Sales expenses increased to 102,493,255.72 RMB, up from 84,699,703.49 RMB in the same period last year[15] - Total operating costs for the first three quarters of 2024 were 385,925,600.42 RMB, compared to 339,002,532.24 RMB in the same period last year[14] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 3.68 billion, an increase of 6.06% compared to the end of the previous year[3] - The company's total equity attributable to shareholders of the listed company was RMB 3.44 billion, an increase of 3.12% compared to the end of the previous year[3] - Total assets increased to 3,677,100,960.02 RMB, up from 3,466,864,543.70 RMB in the previous period[12] - Total liabilities increased to 240,614,865.39 RMB, up from 134,370,580.57 RMB in the previous period[13] - Total equity attributable to the parent company increased to 3,436,486,094.63 RMB, up from 3,332,493,963.13 RMB in the previous period[13] - The company's monetary funds as of September 30, 2024, amounted to RMB 1,933,330,396.29[11] - Accounts receivable increased to RMB 445,634,474.39 as of September 30, 2024, compared to RMB 262,778,697.01 at the end of 2023[11] - Inventory increased to RMB 181,626,668.59 as of September 30, 2024, compared to RMB 141,630,115.69 at the end of 2023[11] - Total current assets as of September 30, 2024, amounted to RMB 2,820,042,319.39[11] - Fixed assets as of September 30, 2024, amounted to RMB 398,586,193.78[11] Cash Flow - Operating cash flow for the period from the beginning of the year to the end of the reporting period was RMB 17.51 million, a year-on-year decrease of 91.97%[2] - The decrease in operating cash flow was mainly due to reduced sales collections compared to the same period last year[6] - Net cash flow from operating activities for the first three quarters of 2024 was RMB 17,510,432.85, significantly lower than RMB 217,976,731.16 in the same period of 2023[18] - Net cash flow from investing activities for the first three quarters of 2024 was RMB 94,082,264.80, a significant improvement from a negative RMB 222,128,664.81 in the same period of 2023[18] - Cash and cash equivalents at the end of the third quarter of 2024 were RMB 995,703,996.28, compared to RMB 902,136,405.97 at the end of the same period in 2023[19] - The company received RMB 21,790,355.27 in tax refunds in the first three quarters of 2024, compared to RMB 32,460,286.52 in the same period of 2023[18] - Cash paid for goods and services in the first three quarters of 2024 was RMB 202,824,833.51, an increase from RMB 166,643,928.27 in the same period of 2023[18] - Cash paid to employees in the first three quarters of 2024 was RMB 196,831,176.31, compared to RMB 164,449,912.66 in the same period of 2023[18] - Cash received from sales of goods and services in the first three quarters of 2024 was RMB 481,700,156.23, a decrease from RMB 631,728,838.80 in the same period of 2023[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,282[9] - Tianjin Xinhua Investment Holding Co., Ltd. holds 37,236,420 shares, representing 27.49% of the total shares[9] - China Times Vision Technology Co., Ltd. holds 20,085,225 shares, representing 14.83% of the total shares[9] - Shenzhen Xinrui Venture Capital Partnership holds 6,739,150 shares, representing 4.98% of the total shares[9] - Hong Kong Securities Clearing Company Ltd. holds 6,276,328 shares, representing 4.63% of the total shares[9] Earnings and Returns - Basic earnings per share for the third quarter were RMB 0.84, a year-on-year increase of 223.08%[6] - Weighted average return on equity (ROE) for the third quarter was 2.95%, an increase of 1.86 percentage points compared to the same period last year[3] - Basic and diluted earnings per share for the first three quarters of 2024 were RMB 1.43, compared to RMB 1.46 in the same period of 2023[16] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to RMB 4.36 million, primarily due to government subsidies and fair value changes in financial assets[5] - The company's other equity instrument investments had a fair value change of RMB 35,089,001.26 in the first three quarters of 2024[16] - Other comprehensive income after tax for the first three quarters of 2024 was 1,022,244.21 RMB, down from 34,985,360.50 RMB in the same period last year[15]