LEEJUN(002651)2024-10-29 08:15Financial Performance - The company's operating revenue for Q3 2024 was ¥205,144,394.42, a decrease of 13.92% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥37,299,651.83, down 15.72% year-on-year, while the net profit for the first nine months was ¥121,077,659.25, a decline of 47.36%[3]. - The basic earnings per share for Q3 2024 remained at ¥0.04, with a year-to-date figure of ¥0.12, reflecting a decrease of 45.45%[3]. - The company reported a significant decrease in total revenue for the first nine months, amounting to ¥549,988,023.61, down 36.78% year-on-year, primarily due to reduced demand in the grinding system and aerospace components manufacturing[7]. - The company experienced a 94.09% decline in other income, totaling ¥131,932.16 for the first nine months, compared to ¥2,231,400.39 in the previous year[7]. - The company's total profit was ¥140,411,528.93, a decrease of 48.3% from ¥271,507,033.56 in the previous period[20]. - Net profit for the current period was ¥121,077,659.25, a decline of 47.4% from ¥229,995,605.39 in the previous period[20]. - Operating profit for the current period was ¥140,613,392.00, down 47.9% from ¥269,424,515.20 in the previous period[20]. Cash Flow and Assets - The net cash flow from operating activities for the first nine months was ¥242,921,411.04, an increase of 29.03% compared to the previous year[3]. - The net increase in cash and cash equivalents for the first nine months was ¥116,083,064.16, a substantial increase of 33,092.95% compared to the previous year[8]. - The company's cash and cash equivalents increased to ¥1,411,404,485.86 from ¥1,261,527,257.70, representing a growth of approximately 11%[17]. - The ending cash and cash equivalents balance increased to CNY 1,156,547,452.79, up from CNY 988,003,349.04 at the end of the previous period[21]. - Total current assets amounted to ¥2,142,462,839.71, down from ¥2,174,097,294.46, a decrease of approximately 1.5%[18]. - Total non-current assets increased to ¥1,155,271,676.09 from ¥1,118,463,065.79, showing a growth of about 3.3%[18]. - Total assets as of September 30, 2024, were ¥3,297,734,515.80, showing a slight increase of 0.16% from the end of the previous year[3]. - Total liabilities decreased to ¥517,653,133.26 from ¥595,661,737.89, a reduction of approximately 19.5%[19]. - The company's total equity rose to ¥2,780,081,382.54 from ¥2,696,898,622.36, reflecting an increase of about 3.1%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,871[10]. - The top two shareholders, He Yamin and He Jia, hold 32.34% and 28.04% of shares respectively, totaling 624,995,145 shares[10]. Corporate Governance and Changes - The sixth board of directors has been elected, consisting of six non-independent directors and three independent directors, with a term of three years[13]. - The company appointed new board members and executives for a three-year term, including Mr. He Yamin as Chairman and Ms. He Jia as Vice Chairman[16]. - The company has approved the dissolution of its wholly-owned subsidiary Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd.[14]. - The company is currently processing the liquidation and cancellation procedures for the aforementioned subsidiary[15]. - The company has extended the guarantee period for its wholly-owned subsidiary, Lijun Holdings (Singapore) Pte. Ltd., until the warranty period of the main contract expires[11]. - The company has acquired 30% equity of its subsidiary Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd. from the employee stock ownership platform without payment due to unfulfilled capital contribution obligations[12]. Operational Metrics - The company reported a decrease in accounts receivable by 61.82% due to the maturity of commercial acceptance bills held at the beginning of the period[6]. - Accounts receivable rose slightly to ¥222,086,246.80 from ¥217,520,259.01, indicating a 2.6% increase[17]. - Inventory decreased to ¥355,315,069.85 from ¥379,631,213.37, reflecting a decline of about 6.4%[18]. - Total operating costs decreased to ¥427,777,493.93, down 31.6% from ¥625,277,903.63 in the previous period[20]. - Research and development expenses were ¥25,255,933.35, slightly down from ¥26,387,590.35 in the previous period[20]. Audit and Compliance - The company did not undergo an audit for the third quarter report[22].