Financial Performance - The company's revenue for Q3 2024 reached ¥4,229,407,985.77, an increase of 47.28% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥36,837,953.40, representing an increase in loss of 87.16% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥42,046,050.86, an increase in loss of 85.63% compared to the previous year[2]. - The company's basic earnings per share for the period was -¥0.09, a decrease of 86.96% year-over-year[2]. - The company achieved a total revenue of ¥13,268,215,136.35 for the first nine months of 2024, a 101.68% increase compared to the same period in 2023[5]. - The net profit attributable to shareholders for the same period was 557 million yuan, up 163.09% year-on-year, while the net profit excluding non-recurring gains and losses was 497 million yuan, an increase of 155.38%[6]. - Net profit for the current period was ¥561,247,341.24, a turnaround from a net loss of ¥882,826,776.61 in the previous period[23]. - Earnings per share (EPS) for the current period was ¥1.35, compared to a loss per share of ¥2.14 in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,926,850,536.12, reflecting a growth of 23.74% from the end of the previous year[2]. - Total assets increased to ¥16,926,850,536.12 from ¥13,679,845,767.45 at the beginning of the period, reflecting a growth of approximately 23.4%[21]. - The company's total liabilities increased to 9,893,442,739.58 CNY from 7,230,441,473.88 CNY, reflecting a rise in financial obligations[20]. - The total liabilities and equity ratio indicates a healthy balance, with total liabilities at ¥9,893,520,739.58, representing about 58.5% of total assets[21]. Inventory and Operating Costs - The company reported a significant increase in inventory, which reached ¥7,815,386,262.11, up 32.62% due to expanded operations and increased stock[5]. - The operating costs for the first nine months of 2024 were ¥10,409,834,603.00, reflecting a 62.49% increase due to sales growth[5]. - The company's inventory increased to 7,815,386,262.11 CNY from 5,893,165,429.16 CNY, indicating a significant rise in stock levels[19]. - The company successfully reduced inventory levels by double digits in 2024, indicating improved operational efficiency[7]. Cash Flow - The net cash flow from operating activities improved by 35.12% to -1.11 billion yuan compared to the same period in 2023[6]. - Operating cash inflow for the current period reached CNY 13,808,306,950.89, a significant increase from CNY 6,670,264,779.75 in the previous period, representing a growth of approximately 106.4%[25]. - Net cash flow from operating activities was negative CNY 1,105,431,109.52, an improvement compared to negative CNY 1,703,821,075.42 in the prior period[25]. - Cash and cash equivalents at the end of the period decreased to CNY 1,177,870,746.72 from CNY 1,827,011,615.28, reflecting a decline of about 35.5%[26]. Research and Development - R&D expenses for the first nine months of 2024 reached 695.91 million yuan, a 74.00% increase compared to the same period in 2023, driven by higher salaries, benefits, and depreciation of R&D materials and equipment[6]. - Research and development expenses for the current period were ¥695,914,052.72, compared to ¥399,957,205.11 in the previous period, marking an increase of approximately 74.0%[22]. Shareholder Information - The company reported a total share capital increase from 412,864,254 shares to 415,981,564 shares due to the completion of the first vesting period of the 2023 restricted stock incentive plan, with 3,117,310 shares listed for circulation[13]. - The company’s major shareholders include China Industrial Bank Co., Ltd. with 2,697,250 shares, accounting for 0.65% of the total share capital[10]. - The company’s actual controller, Cai Huabo, holds 162 million shares, which are subject to a lock-up period until August 5, 2025[11]. - The company’s total number of restricted shares remains at 300,125,380 shares after accounting for the changes in the reporting period[11]. Other Developments - The company is making progress in the development of its self-developed main control chips, achieving breakthroughs in tape-out and mass production as planned[7]. - The company continues to transform into a comprehensive semiconductor storage brand, with growth in overseas businesses such as Lexar and Zilia in Brazil[7]. - The company has not disclosed any new product or technology developments in the current report[13]. - The company has not announced any market expansion or acquisition strategies in the current report[13].
江波龙(301308) - 2024 Q3 - 季度财报