Perfect(603059)2024-10-29 09:42Revenue and Profit Performance - Revenue for the third quarter was RMB 322.27 million, a year-on-year increase of 13.71%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 8.61 million, a year-on-year decrease of 61.78%[2] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the third quarter was RMB 7.13 million, a year-on-year decrease of 63.67%[2] - Operating revenue for the first three quarters of 2024 reached 942,426,304.08 RMB, up 23.1% from 765,651,760.56 RMB in the same period last year[17] - Net profit for the first three quarters of 2024 was 40,349,790.09 RMB, a 31.7% decrease from 59,094,665.69 RMB in the same period last year[19] - Comprehensive income attributable to the parent company's owners was 41,846,472.55 yuan, compared to 59,762,507.44 yuan in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2.23 billion, a year-on-year increase of 10.84%[4] - Equity attributable to shareholders of the listed company at the end of the reporting period was RMB 1.12 billion, a year-on-year decrease of 10.56%[4] - Total assets increased to 2,233,434,747.30 RMB, up 10.8% from 2,015,036,620.18 RMB in the previous period[15] - Total liabilities rose to 1,047,129,344.19 RMB, a 36.7% increase from 765,946,958.95 RMB[16] - Total equity decreased to 1,186,305,403.11 RMB, down 5.0% from 1,249,089,661.23 RMB[16] Earnings Per Share and Return on Equity - Basic earnings per share for the third quarter were RMB 0.09, a year-on-year decrease of 59.09%[4] - Diluted earnings per share for the third quarter were RMB 0.09, a year-on-year decrease of 59.09%[4] - Weighted average return on equity for the third quarter was 0.64%, a decrease of 1.22 percentage points year-on-year[4] - Basic earnings per share (EPS) for the period was 0.42 yuan, compared to 0.59 yuan in the same period last year[20] - Diluted earnings per share (EPS) for the period was 0.42 yuan, compared to 0.59 yuan in the same period last year[20] Cash Flow and Financial Activities - Net cash flow from operating activities for the period from the beginning of the year to the end of the reporting period was RMB 108.06 million, a year-on-year increase of 15.30%[2] - Sales revenue from goods and services received in cash increased to 964,408,152.95 yuan, up 27.5% compared to 756,469,870.64 yuan in the same period last year[21] - Net cash flow from operating activities rose to 108,062,355.99 yuan, a 15.3% increase from 93,721,428.33 yuan in the previous year[21] - Cash received from tax refunds grew to 36,950,805.10 yuan, up 35.8% from 27,204,130.64 yuan in the same period last year[21] - Cash paid for goods and services increased to 590,752,246.61 yuan, a 32.5% rise compared to 445,884,856.93 yuan in the previous year[21] - Net cash flow from financing activities decreased to 45,682,347.29 yuan, down 83.7% from 280,380,421.12 yuan in the same period last year[22] - Cash and cash equivalents at the end of the period stood at 29,876,183.79 yuan, a significant drop from 390,646,808.51 yuan in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 5,052[9] - Zhang Wensheng holds 63,000,000 shares, accounting for 62.72% of the total shares[9] - Yangzhou Jingcheng Enterprise Management Consulting Partnership holds 7,500,000 shares, accounting for 7.47% of the total shares[9] - Yangzhou Hecheng Enterprise Management Consulting Partnership holds 4,500,000 shares, accounting for 4.48% of the total shares[9] Financial Position and Investments - The company's monetary funds as of September 30, 2024, are RMB 47,904,914.16, a decrease from RMB 70,121,787.41 at the end of 2023[13] - The company's accounts receivable as of September 30, 2024, are RMB 223,594,874.42, an increase from RMB 192,792,107.86 at the end of 2023[14] - The company's inventory as of September 30, 2024, is RMB 165,925,587.57, an increase from RMB 159,812,889.90 at the end of 2023[14] - The company's long-term equity investment as of September 30, 2024, is RMB 915,124,100.29, a decrease from RMB 934,116,808.52 at the end of 2023[14] - The company's fixed assets as of September 30, 2024, are RMB 505,249,196.33, an increase from RMB 455,866,031.40 at the end of 2023[14] - The company's intangible assets as of September 30, 2024, are RMB 42,916,141.78, an increase from RMB 28,683,590.31 at the end of 2023[14] - Long-term borrowings surged to 159,125,270.27 RMB, an 84.9% increase from 86,074,861.11 RMB[15] Expenses and Losses - R&D expenses increased to 33,283,471.83 RMB, up 53.3% from 21,719,234.25 RMB in the same period last year[19] - Interest expenses rose to 12,130,353.83 RMB, a 103.2% increase from 5,969,292.66 RMB[19] - Investment losses amounted to 16,244,338.38 RMB, compared to a gain of 3,594,689.79 RMB in the same period last year[19] - Sales expenses increased to 68,150,149.28 RMB, up 35.5% from 50,291,172.94 RMB[19] Other Comprehensive Income - Other comprehensive income after tax that can be reclassified to profit or loss was 94,116.46 yuan, compared to 667,841.75 yuan in the same period last year[20] Reasons for Profit Decrease - The decrease in net profit was mainly due to the negative net profit of Weimeizi Industrial (Guangdong) Co., Ltd., which was accounted for using the equity method of long-term equity investment, and the negative net profit of the newly added non-wholly-owned subsidiary Shanenkang Biotechnology (Suzhou) Co., Ltd.[7]