卓越新能(688196) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 1,041,970,426.54, a 47.01% increase compared to the same period last year[2] - Net profit attributable to shareholders for the third quarter was RMB -8,812,653.98, a 755.36% decrease compared to the same period last year[2] - Revenue for the year-to-date was RMB 2,974,236,093.16, a 17.19% increase compared to the same period last year[2] - Net profit attributable to shareholders for the year-to-date was RMB 92,353,963.31, a 39.66% decrease compared to the same period last year[2] - Operating revenue for the first three quarters of 2024 reached 2,974,236,093.16 RMB, a 17.2% increase from 2,537,971,941.42 RMB in the same period last year[14] - Net profit attributable to parent company shareholders was 92,353,963.31 RMB[16] - Sales revenue from goods and services in the first three quarters of 2024 reached RMB 3.09 billion, up from RMB 2.72 billion in the same period of 2023[18] - Basic earnings per share for the first three quarters of 2024 were RMB 0.77, compared to RMB 1.28 in the same period of 2023[17] - Total comprehensive income attributable to the parent company's owners in the first three quarters of 2024 was RMB 82.60 million, compared to RMB 153.05 million in the same period of 2023[17] R&D Investment and Expenses - R&D investment for the third quarter was RMB 27,890,440.40, a 28.32% decrease compared to the same period last year[3] - R&D investment as a percentage of revenue for the third quarter was 2.68%, a decrease of 2.81 percentage points compared to the same period last year[3] - R&D expenses decreased to 90,048,432.56 RMB, down from 111,828,896.75 RMB in the previous year[16] Asset and Liability Changes - Total assets as of the end of the reporting period were RMB 3,485,474,424.70, a 13.67% increase compared to the end of the previous year[3] - The company's monetary funds increased to 541,028,568.74 RMB as of September 30, 2024, compared to 273,897,924.80 RMB at the end of 2023[11] - The company's accounts receivable increased to 65,699,674.38 RMB as of September 30, 2024, compared to 3,459,039.87 RMB at the end of 2023[11] - The company's total current assets increased to 1,929,105,355.52 RMB as of September 30, 2024, compared to 1,349,137,735.49 RMB at the end of 2023[11] - The company's fixed assets decreased to 591,245,349.35 RMB as of September 30, 2024, compared to 634,806,616.18 RMB at the end of 2023[11] - The company's construction in progress increased to 198,395,937.78 RMB as of September 30, 2024, compared to 89,853,665.15 RMB at the end of 2023[11] - The company's intangible assets decreased to 97,976,553.39 RMB as of September 30, 2024, compared to 100,075,669.55 RMB at the end of 2023[11] - Total assets increased to 3,485,474,424.70 RMB, up from 3,066,356,254.44 RMB in the previous period[12] - Total liabilities rose to 752,615,918.31 RMB, compared to 386,100,644.53 RMB previously[13] - Long-term loans increased to 421,000,000.00 RMB, up from 240,000,000.00 RMB[12] - Deferred tax assets grew to 10,419,448.30 RMB, compared to 544,403.01 RMB previously[12] - Other non-current assets rose to 821,821,201.88 RMB, up from 623,025,387.16 RMB[12] - Total equity increased to 2,732,858,506.39 RMB, compared to 2,680,255,609.91 RMB previously[13] Shareholder and Ownership Information - The total number of ordinary shareholders at the end of the reporting period is 6,026[8] - Longyan Excellence Investment Co., Ltd. holds 58,500,000 shares, accounting for 48.75% of the total shares[8] - Hong Kong Excellence International Holdings Limited holds 31,500,000 shares, accounting for 26.25% of the total shares[8] Cash Flow and Financial Activities - Net cash flow from operating activities in the first three quarters of 2024 was RMB 98.44 million, a decrease from RMB 115.21 million in the same period of 2023[19] - Net cash flow from investing activities in the first three quarters of 2024 was negative RMB 120.99 million, an improvement from negative RMB 473.80 million in the same period of 2023[19] - Net cash flow from financing activities in the first three quarters of 2024 was RMB 269.83 million, a significant increase from RMB 4.68 million in the same period of 2023[19] - The company's cash and cash equivalents at the end of Q3 2024 were RMB 534.51 million, compared to RMB 327.78 million at the end of Q3 2023[20] - The company received RMB 76.24 million in tax refunds in the first three quarters of 2024, down from RMB 114.92 million in the same period of 2023[18] - The company invested RMB 120.99 million in fixed assets, intangible assets, and other long-term assets in the first three quarters of 2024, up from RMB 50.08 million in the same period of 2023[19] - The company's total cash inflow from operating activities in the first three quarters of 2024 was RMB 3.27 billion, compared to RMB 2.89 billion in the same period of 2023[19] Profitability and Return Metrics - Basic earnings per share for the third quarter was RMB -0.07, an 800.00% decrease compared to the same period last year[7] - The weighted average return on equity for the third quarter was -0.32%, a decrease of 0.37 percentage points compared to the same period last year[3] - Financial expenses showed a net income of -34,555,261.95 RMB, compared to -27,670,378.43 RMB in the previous year[16] Market and Operational Challenges - The decrease in net profit was mainly due to falling European market prices and increased sales expenses such as warehousing and dock operations in Europe[6]