兴业科技(002674) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was ¥752,439,179.38, an increase of 1.07% year-over-year, while year-to-date revenue reached ¥2,013,839,864.56, up 3.77% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2024 was ¥52,580,477.98, a decrease of 34.86% year-over-year, with year-to-date net profit at ¥109,729,150.92, down 36.78% compared to the previous year[4] - Basic earnings per share for Q3 2024 was ¥0.1802, reflecting a decline of 34.86% year-over-year, while year-to-date basic earnings per share was ¥0.3760, down 36.77%[5] - The company's net profit decreased to ¥601,627,113.49 from ¥667,015,728.97, a decline of 9.81%[25] - The net profit for Q3 2024 was CNY 155,116,257.12, a decrease of 24.4% compared to CNY 205,449,047.65 in Q3 2023[27] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥4,326,479,168.09, representing a 5.21% increase from the end of the previous year[5] - The company's total liabilities increased by 50.28% for short-term borrowings, amounting to ¥675,563,108.08, due to new bank loans taken during the period[9] - The total assets of the company reached ¥4,326,479,168.09, compared to ¥4,112,131,121.95, reflecting an increase of 5.21%[25] - Total liabilities increased to ¥1,727,321,741.39 from ¥1,498,710,011.26, reflecting a growth of 15.29%[24] Cash Flow - Cash flow from operating activities for the year-to-date was ¥169,667,887.16, showing a significant increase of 2,951.64% compared to the same period last year[4] - The cash flow from operating activities showed a net increase of CNY 169,667,887.16, compared to CNY 5,559,890.00 in Q3 2023[30] - The company recorded a significant increase in cash inflow from investment activities, totaling CNY 1,997,082,774.38, compared to CNY 835,235,053.70 in Q3 2023[30] - The cash outflow from financing activities decreased to CNY 770,018,174.82 from CNY 829,756,501.94 in the previous year[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,280, with the largest shareholder, Shihezi Wanxing Equity Investment Partnership, holding 29.04% of shares, equating to 84,744,000 shares[13] - The second-largest shareholder, Wu Guoshi, holds 13.59% of shares, amounting to 39,666,886 shares, and has pledged 16,260,000 shares[13] Stock Options and Incentives - The company has approved a stock option incentive plan, granting 13.4 million stock options at an exercise price of 8.19 RMB per share to 251 eligible participants[18] - The exercise price for the stock option plan was adjusted to 7.69 RMB per share following a cash dividend distribution of 5.00 RMB per 10 shares[18] - As of July 10, 2023, the company completed the registration of the first grant of stock options, awarding 13.3 million options to 245 participants[19] - The company plans to adjust the exercise price of the stock options to 7.09 RMB per share after a cash dividend distribution of 6.00 RMB per 10 shares[20] - A total of 1.39 million stock options will be canceled due to the departure of 11 participants who no longer qualify for the incentive plan[21] - The first exercise period for the stock options is set from August 9, 2024, to May 29, 2025, with no participants having exercised their options as of September 30, 2024[21] Financial Performance Metrics - Operating costs for the quarter were ¥1,765,049,535.14, up from ¥1,675,900,116.47, reflecting a year-over-year increase of 5.36%[26] - Research and development expenses for the quarter were ¥47,260,413.80, slightly up from ¥45,976,156.13, indicating a year-over-year increase of 2.79%[26] - The company reported a total comprehensive income of CNY 160,854,082.41, down from CNY 206,782,984.07 in the same period last year[28] - Basic earnings per share decreased to CNY 0.3760 from CNY 0.5947 in Q3 2023[28] Investment Income and Expenses - Investment income for Q3 2024 was ¥13,459,236.28, a 37.50% increase year-over-year, attributed to higher dividends received from investee companies[10] - The company reported a 73.98% increase in financial expenses for Q3 2024, totaling ¥16,943,511.36, primarily due to increased exchange losses and reduced interest income from bank deposits[10] Other Financial Metrics - The company's cash and cash equivalents increased by 44.05% to ¥788,873,775.90, primarily due to a reduction in structured deposit purchases[9] - The company's cash and cash equivalents increased to ¥788,873,775.90 from ¥547,652,022.57, representing a growth of 43.93%[22] - Accounts receivable rose to ¥523,015,501.83, compared to ¥443,729,966.18, marking an increase of 17.93%[22] - Inventory levels increased to ¥1,279,331,412.54 from ¥1,249,045,513.64, showing a growth of 2.43%[22] - Non-current assets totaled ¥1,326,552,410.75, up from ¥1,132,601,131.06, indicating a year-over-year increase of 17.14%[23] - The total assets impairment loss was CNY 87,387,285.14, compared to CNY 47,911,760.00 in the previous year, indicating increased asset challenges[27]