禾川科技(688320) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 160,734,556.49, a decrease of 43.27% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB -51,439,402.52, with no applicable year-over-year comparison[2] - The company's revenue decline was primarily due to decreased sales performance in the new energy industry[6] - Total revenue for the first three quarters of 2024 was RMB 643.60 million, a decrease of 27.3% compared to RMB 885.05 million in the same period of 2023[14] - Net profit for the first three quarters of 2024 was a loss of RMB 84.91 million, compared to a profit of RMB 64.16 million in the same period of 2023[15] - Sales revenue from goods and services in 2024 Q1-Q3 was 340,240,956.10 RMB, a decrease of 11.7% compared to 385,516,574.04 RMB in 2023 Q1-Q3[17] R&D Expenses and Investment - R&D expenses for the third quarter were RMB 39,990,969.74, an increase of 5.78% year-over-year, accounting for 24.88% of revenue[3] - The company continued to increase R&D investment to develop application control systems for various sub-industries[6] - R&D expenses increased by 17.4% to RMB 124.02 million in the first three quarters of 2024, compared to RMB 105.59 million in the same period of 2023[15] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 2,130,769,514.57, a decrease of 1.19% compared to the end of the previous year[3] - The company's total assets as of September 30, 2024, amounted to RMB 2,130,769,514.57, a slight decrease from RMB 2,156,438,351.12 at the end of 2023[11] - Current assets totaled RMB 1,375,062,620.74, with cash and cash equivalents at RMB 114,944,724.09, down from RMB 192,917,878.79 at the end of 2023[10][11] - Accounts receivable stood at RMB 503,007,078.09, a decrease from RMB 541,888,735.62 at the end of 2023[11] - Inventory increased to RMB 464,388,138.62 from RMB 457,327,913.89 at the end of 2023[11] - Fixed assets grew significantly to RMB 575,134,243.69, up from RMB 445,330,365.39 at the end of 2023[11] - Long-term equity investments remained stable at RMB 13,017,403.78, slightly down from RMB 13,081,347.69 at the end of 2023[11] - The company's intangible assets decreased to RMB 69,218,506.76 from RMB 70,938,832.00 at the end of 2023[11] - Total liabilities increased by 24.5% to RMB 736.72 million as of the end of Q3 2024, compared to RMB 591.87 million at the end of Q3 2023[12] - Short-term borrowings increased by 93.8% to RMB 312.09 million as of the end of Q3 2024, compared to RMB 161.08 million at the end of Q3 2023[12] - Contract liabilities increased by 298.3% to RMB 19.44 million as of the end of Q3 2024, compared to RMB 4.88 million at the end of Q3 2023[12] - The company's total liabilities and equity remained relatively stable, with no significant changes reported in the quarter[11] Equity and Shareholder Information - The company's total equity attributable to shareholders decreased by 10.63% compared to the end of the previous year, reaching RMB 1,402,026,684.56[3] - The weighted average return on equity (ROE) for the third quarter was -3.38%, a decrease of 4.23 percentage points year-over-year[3] - The top shareholder, Xiang Heng Hui, holds 10,915,688 shares of common stock, representing a significant portion of the company's equity[8] - Bosch (China) Investment Co., Ltd. is the second-largest shareholder with 7,550,684 shares of common stock[8] - Total equity attributable to owners of the parent company decreased by 10.6% to RMB 1,402.03 million as of the end of Q3 2024, compared to RMB 1,568.73 million at the end of Q3 2023[13] Earnings Per Share and Comprehensive Income - The company's basic earnings per share (EPS) for the third quarter was RMB -0.34[3] - Basic earnings per share for the first three quarters of 2024 was a loss of RMB 0.53, compared to a profit of RMB 0.42 in the same period of 2023[16] - Total comprehensive income for the first three quarters of 2024 was a loss of RMB 84.91 million, compared to a profit of RMB 64.16 million in the same period of 2023[16] Operating Costs and Cash Flow - Total operating costs for the first three quarters of 2024 were RMB 731.62 million, a decrease of 12.8% compared to RMB 839.54 million in the same period of 2023[14] - Total cash inflow from operating activities in 2024 Q1-Q3 was 384,698,121.22 RMB, down 9.8% from 426,502,643.48 RMB in 2023 Q1-Q3[18] - Cash outflow for purchasing goods and services in 2024 Q1-Q3 was 96,868,907.59 RMB, a 32.6% decrease from 143,650,424.88 RMB in 2023 Q1-Q3[18] - Net cash flow from operating activities in 2024 Q1-Q3 was -49,908,218.38 RMB, an improvement from -51,708,341.74 RMB in 2023 Q1-Q3[18] - Cash inflow from investment activities in 2024 Q1-Q3 was 70,668,555.59 RMB, a significant drop of 62.2% from 186,880,220.41 RMB in 2023 Q1-Q3[18] - Cash outflow for investment activities in 2024 Q1-Q3 was 150,101,433.33 RMB, a 66.8% decrease from 451,649,382.58 RMB in 2023 Q1-Q3[18] - Net cash flow from investment activities in 2024 Q1-Q3 was -79,432,877.74 RMB, a 70% improvement from -264,769,162.17 RMB in 2023 Q1-Q3[19] - Net cash flow from financing activities in 2024 Q1-Q3 was 53,746,158.65 RMB, a 55.4% decrease from 120,515,124.78 RMB in 2023 Q1-Q3[19] - Net increase in cash and cash equivalents in 2024 Q1-Q3 was -75,574,187.79 RMB, a 61.4% improvement from -195,962,228.85 RMB in 2023 Q1-Q3[19] - Ending cash and cash equivalents balance as of 2024 Q3 was 114,944,724.09 RMB, down 46% from 213,011,692.50 RMB at the end of 2023 Q3[19] Non-Recurring Gains and Losses - Non-recurring gains and losses for the third quarter amounted to RMB 5,915,783.92, including government subsidies of RMB 5,371,322.02[4]