ZYST(300936)2024-10-28 08:11Financial Performance - The company's revenue for Q3 2024 was ¥67,781,667.62, representing a 6.63% increase year-over-year[2] - Net profit attributable to shareholders decreased by 91.83% to ¥9,721,986.00 in Q3 2024, with a year-to-date decline of 79.37% to ¥28,006,767.34[2] - The basic earnings per share for Q3 2024 was ¥0.1293, down 91.83% compared to the same period last year[2] - Total revenue for the period reached ¥200,718,117.29, an increase from ¥195,524,240.63 in the previous period, representing a growth of approximately 1.2%[15] - The net profit for Q3 2024 was CNY 26,766,603.15, a decrease from CNY 135,262,219.19 in the same period last year, representing a decline of approximately 80.2%[16] - The total comprehensive income for the period was CNY 26,766,603.15, compared to CNY 135,262,219.19 in the previous year, indicating a significant drop[17] - Basic earnings per share for Q3 2024 were CNY 0.3724, down from CNY 1.8049 in the prior year, reflecting a decrease of about 79.3%[17] - The company reported a total operating profit of CNY 30,001,913.25, significantly lower than CNY 158,922,612.53 in the same quarter last year, reflecting a decline of approximately 81.1%[16] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,079,153,296.06, a decrease of 2.02% from the end of the previous year[2] - The company's total equity attributable to shareholders decreased by 2.38% to ¥1,010,842,883.33 compared to the end of the previous year[2] - The company's total assets decreased to ¥1,079,153,296.06 from ¥1,101,422,637.52, a decline of about 2.0%[14] - The total liabilities increased to ¥70,296,620.10 from ¥66,692,564.71, marking an increase of about 7.5%[14] Cash Flow - The company reported a net cash flow from operating activities of ¥33,647,483.64, which increased by 97.13% year-over-year[2] - Cash flow from operating activities generated CNY 33,647,483.64, an increase from CNY 17,068,536.32 year-over-year, showing a growth of approximately 96.5%[18] - Cash inflow from investment activities totaled CNY 616,909,822.51, down from CNY 694,849,662.57 in the previous year, a decrease of about 11.2%[19] - Cash outflow from investment activities was CNY 714,328,076.85, compared to CNY 635,672,626.30 in the same period last year, indicating an increase of approximately 12.4%[19] - The net cash flow from investment activities was negative at CNY -97,418,254.34, contrasting with a positive CNY 59,177,036.27 in the previous year[19] - The cash and cash equivalents at the end of the period were CNY 121,960,587.37, down from CNY 201,972,779.45 at the end of the previous year, a decrease of about 39.5%[19] Research and Development - Research and development expenses rose by 43.76% to ¥11,680,223.91, indicating increased investment in innovation[5] - Research and development expenses rose to ¥11,680,223.91, compared to ¥8,124,707.10 in the prior period, reflecting a significant increase of approximately 43.5%[15] Shareholder Information - The total number of shares held by the top 10 shareholders amounts to 48,641,250 shares, with significant holdings from Yu Weizhong (17,727,600 shares) and Yu Cheng (13,113,200 shares)[9] - The company has a total of 7,500,000 shares held by Changzhou Zhongying Pipeline Co., Ltd., which is a major shareholder[9] - The company reported a total of 27,739,725 shares that have been released from restrictions during the reporting period[9] - The company has a significant number of shares under management by Yu Weizhong and Yu Cheng, indicating strong insider ownership[9] Acquisition Plans - The company is planning to acquire a controlling stake in Suzhou Botemon Electric Motor Co., Ltd. through a cash payment, which is expected to constitute a major asset restructuring as per regulations[10] - The company is currently in the preliminary planning stage for the acquisition, having signed confidentiality and intention agreements[11] - The acquisition does not involve issuing new shares and will not change the controlling shareholder or actual controller of the company[11] - The company will adhere to relevant laws and regulations regarding decision-making and information disclosure throughout the acquisition process[11] - The stock of the company will not be suspended during the planning of the acquisition[11] - The company will continue to disclose information regarding the acquisition as it progresses, urging investors to be aware of investment risks[11] Other Financial Metrics - The company experienced a credit impairment loss of CNY -471,357.50, compared to CNY -22,645.64 in the previous year, indicating a worsening of credit conditions[16] - The company’s weighted average return on equity was 0.97%, down 11.35% from the previous year[2] - The company recorded a government subsidy of ¥600,398.54 for the current period, contributing to its non-operating income[3] - Accounts receivable increased to ¥141,842,647.80 from ¥136,314,847.60, showing a growth of about 4.0%[12] - Inventory slightly increased to ¥49,716,743.73 from ¥49,214,701.71, reflecting a growth of approximately 1.0%[12] - Cash and cash equivalents decreased to ¥121,976,718.55 from ¥241,682,238.76, a reduction of approximately 49.5%[12]