VGT(300476)2024-10-28 10:16Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,842,319,662.01, representing a 37.07% increase year-over-year[3] - The net profit attributable to shareholders for the same period was ¥305,590,547.87, up 26.70% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥316,004,790.84, reflecting a 36.54% increase year-over-year[3] - The company reported a basic earnings per share of ¥0.3600, which is a 28.57% increase compared to the same period last year[3] - The operating income for the year-to-date period reached ¥7,697,738,194.52, marking a 34.02% increase year-over-year, primarily due to the consolidation of a newly acquired company[6] - The company reported a significant increase in contract liabilities by 74.50%, reaching ¥9,112,285.52, due to an increase in advance payments received[5] - Net profit for Q3 2024 was ¥764,612,164.03, representing a 30.5% increase from ¥585,718,780.52 in Q3 2023[18] - The total comprehensive income for Q3 2024 reached ¥838,139,821.70, compared to ¥641,286,835.48 in Q3 2023, indicating an increase of about 30.6%[19] - The basic and diluted earnings per share for Q3 2024 were both ¥0.8900, up from ¥0.68 in Q3 2023, reflecting a growth of approximately 30.9%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,913,051,875.16, a 3.05% increase from the end of the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 51,391, with the top ten shareholders holding a combined 39.23% of shares[8] - The largest shareholder, Shenzhen Shenghua Investment Co., Ltd., holds 18.61% of shares, amounting to 160,566,476 shares[8] - Total assets increased to ¥17,913,051,875.16 from ¥17,383,616,487.62, showing growth in the company's asset base[16] - Total liabilities decreased slightly to ¥9,610,600,722.80 from ¥9,757,886,591.14, indicating improved financial stability[16] - The company's equity attributable to shareholders increased to ¥8,302,451,152.36 from ¥7,625,729,896.48, reflecting strong retained earnings growth[16] Cash Flow - The net cash flow from operating activities increased by 72.66% to ¥1,226,784,613.59 compared to ¥710,506,388.30 in the same period last year, primarily due to an increase in sales receipts[7] - Cash inflow from sales of goods and services was ¥7,654,097,629.47, compared to ¥5,653,624,801.30 in the same period last year, representing an increase of approximately 35.3%[20] - Cash outflow for purchasing goods and services was ¥5,130,217,162.51, up from ¥3,843,230,315.41 in the previous year, indicating an increase of about 33.5%[21] - The net cash flow from investing activities decreased significantly by 619.40% to -¥993,403,738.94, down from ¥191,260,490.85, mainly due to the redemption of bank financial products[7] - The net cash flow from financing activities improved by 59.65%, amounting to -¥297,824,302.48, compared to -¥738,180,685.42 in the previous year, primarily due to an increase in loan repayments[7] - The ending balance of cash and cash equivalents was ¥702,424,712.48, down from ¥932,564,041.47 at the end of the previous year, representing a decrease of approximately 24.6%[22] Expenses and Investments - The company experienced a 195.28% increase in asset impairment losses, totaling ¥38,208,998.83, attributed to the write-off of inventory impairment provisions[6] - The company's financial expenses surged by 311.34% to ¥70,314,889.88, largely due to the impact of the acquisition and fluctuations in the USD exchange rate[6] - The company reported R&D expenses of ¥329,410,251.73, up from ¥294,361,252.16, highlighting a focus on innovation[18] Acquisitions and Share Repurchase - The company completed the acquisition of 100% of APCB Electronics (Thailand) Co., Ltd. for a total price not exceeding ¥278.70 million, with the transaction fully settled by September 30, 2024[12] - The company approved a share repurchase plan with a total amount between ¥70 million and ¥140 million, with a maximum repurchase price of ¥47.59 per share, to be executed within 12 months[13] - The company has not yet implemented the share repurchase as of September 30, 2024[13] Exchange Rate Impact - The impact of exchange rate changes on cash was ¥17,490,989.33, a decrease of 59.29% from ¥42,965,338.65 in the previous year[7]