Financial Performance - Operating revenue for the first nine months of 2024 was ¥422,570,060.87, representing a 40.69% increase from ¥300,360,666.78 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was ¥48,834,474.26, up 40.83% from ¥34,675,622.73 year-on-year[5] - In Q3 2024, operating revenue was ¥163,597,969.46, a remarkable growth of 105.28% from ¥79,693,523.11 in Q3 2023[6] - The net profit attributable to shareholders in Q3 2024 was ¥17,109,538.33, reflecting a 165.82% increase from ¥6,445,999.90 in Q3 2023[6] - Operating profit for the first nine months of 2024 was ¥54,866,064.21, compared to ¥38,592,136.75 in the previous year, indicating an increase of about 42.2%[27] - Total comprehensive income for the first nine months of 2024 was ¥50,295,969.47, compared to ¥34,675,622.73 in the same period of 2023[29] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was ¥55,371,791.17, a significant increase of 132.56% compared to ¥23,810,166.90 in the previous year[5] - Cash flow from operating activities totaled ¥459,568,129.49 for the first nine months of 2024, compared to ¥351,431,225.74 in the same period of 2023[30] - Net cash flow from operating activities was ¥57,182,655.28, significantly up from ¥23,810,166.90 year-over-year, representing a 140.2% increase[33] - Cash received from sales of goods and services was ¥403,668,400.01, up from ¥312,161,641.22, marking a 29.3% increase[32] - Total cash outflow for operating activities was ¥402,048,201.20, compared to ¥327,621,058.84 in the previous year, an increase of 22.7%[33] Assets and Liabilities - Total assets as of September 30, 2024, reached ¥654,629,340.28, an increase of 14.68% compared to ¥570,841,908.88 at the end of 2023[4] - Total liabilities reached 296,514,558.10 yuan, compared to 212,829,851.11 yuan previously, which is an increase of approximately 39.3%[20] - The company's debt-to-asset ratio (consolidated) as of September 30, 2024, was 45.30%, up from 37.28% at the end of 2023[4] - Current assets totaled 447,801,663.82 yuan as of September 30, 2024, compared to 365,789,382.53 yuan at the end of 2023, indicating a rise of about 22.39%[18] - Total liabilities rose to ¥295,345,056.51, compared to ¥212,829,851.11 in the previous year, an increase of approximately 38.7%[25] Shareholder Information - The total number of ordinary shares outstanding remains at 56,000,000, with 25.08% being unrestricted shares[13] - Major shareholders include Dai Jigang with 37.20% and Dai Peng with 10.15% of the shares[14] - The total number of shareholders holding more than 5% of shares is 10, with a combined holding of 83.16%[14] Research and Development - Research and development expenses for the first nine months of 2024 were ¥15,328,281.35, compared to ¥11,808,430.14 in the same period of 2023, indicating a growth of about 29.5%[26] - Research and development expenses for the first nine months of 2024 amounted to ¥15,106,898.17, an increase from ¥11,808,430.14 in the same period of 2023[28] Corporate Governance - The company has no significant legal disputes or external guarantees reported during the period[16] - A stock incentive plan for 2024 has been approved, indicating a focus on employee motivation[16] - The company has complied with all disclosure obligations regarding previously announced commitments[16] - There were no significant changes in the financial condition or operating results due to the implementation of new accounting standards[12] Cash Management - The company reported a decrease in cash and cash equivalents to 173,137,515.20 yuan from 179,588,528.89 yuan, a decline of approximately 3.03%[18] - The ending balance of cash and cash equivalents decreased to ¥101,754,771.46 from ¥195,474,582.96, reflecting a decline of 48.0%[33] - Cash outflow from investment activities totaled ¥50,549,252.78, compared to ¥14,997,497.58 in the previous year, indicating a substantial increase in investment spending[33] - Cash inflow from investment activities was ¥30,936,712.32, a significant rise from just ¥4,000.00 in the same period last year[33] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies and products[28]
华洋赛车(834058) - 2024 Q3 - 季度财报