OPT(688686)2024-10-29 09:37Revenue and Profit Performance - Revenue for the third quarter was RMB 210.96 million, a decrease of 6.96% year-over-year[2] - Net profit attributable to shareholders was RMB 18.58 million, down 40.32% compared to the same period last year[2] - Total revenue for the first three quarters of 2024 was RMB 733.26 million, a decrease of 13.3% compared to RMB 845.95 million in the same period of 2023[18] - Net profit for the first three quarters of 2024 was RMB 131.94 million, a decrease of 35.6% compared to RMB 204.80 million in the same period of 2023[19] - Revenue for the first three quarters of 2024 was 717,546,121.13 RMB, a decrease from 819,858,250.50 RMB in the same period of 2023[27] - Net profit for the first three quarters of 2024 was 154,637,455.16 RMB, down from 214,581,259.82 RMB in the same period of 2023[28] - Sales revenue from goods and services in the first three quarters of 2024 was RMB 574,721,697.71, a decrease from RMB 666,060,976.09 in the same period of 2023[21] - Sales revenue from goods and services in Q3 2024 was 533,836,455.75 RMB, down from 636,781,833.13 RMB in the same period of 2023[29] R&D Investment and Expenses - R&D investment for the quarter was RMB 46.43 million, a decrease of 16.95% year-over-year[4] - R&D expenses for the first three quarters of 2024 were RMB 156.39 million, a decrease of 2.5% compared to RMB 160.35 million in the same period of 2023[18] - R&D expenses for the first three quarters of 2024 were 150,619,177.23 RMB, slightly higher than 149,877,670.11 RMB in the same period of 2023[27] Cash Flow and Operating Activities - Operating cash flow for the period was RMB 17.82 million, a significant decrease of 86.79% year-over-year[2] - Total cash inflow from operating activities in the first three quarters of 2024 was RMB 612,926,156.55, down from RMB 699,374,694.20 in 2023[21] - Cash outflow from operating activities in the first three quarters of 2024 was RMB 595,103,614.97, compared to RMB 564,463,813.52 in 2023[21] - Net cash flow from operating activities in the first three quarters of 2024 was RMB 17,822,541.58, significantly lower than RMB 134,910,880.68 in 2023[22] - Operating cash flow for the first three quarters of 2024 was -2,086,699.50 RMB, compared to 127,733,004.16 RMB in the same period of 2023[29] Investment and Financing Activities - Cash inflow from investment activities in the first three quarters of 2024 was RMB 777,890,948.41, a sharp decline from RMB 2,159,792,854.21 in 2023[22] - Net cash flow from investment activities in the first three quarters of 2024 was negative RMB 139,179,444.60, compared to negative RMB 66,244,015.14 in 2023[22] - Net cash flow from financing activities in the first three quarters of 2024 was negative RMB 66,680,092.17, an improvement from negative RMB 100,237,474.87 in 2023[22] - Investment cash flow for the first three quarters of 2024 was -209,239,870.59 RMB, compared to 174,262,822.23 RMB in the same period of 2023[29] - Financing cash flow for the first three quarters of 2024 was -66,680,092.17 RMB, compared to -100,237,474.87 RMB in the same period of 2023[29] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 3.19 billion, an increase of 4.64% compared to the end of the previous year[4] - Total current assets as of September 30, 2024, amount to 2,606,104,029.15 RMB[14] - Total non-current assets as of September 30, 2024, amount to 582,523,711.89 RMB[15] - Total assets as of September 30, 2024, amount to 3,188,627,741.04 RMB[15] - Total current liabilities as of September 30, 2024, amount to 246,817,348.30 RMB[15] - Total liabilities as of the end of Q3 2024 were RMB 254.81 million, an increase of 50.7% compared to RMB 169.09 million at the end of Q3 2023[16] - Total assets as of September 30, 2024, were RMB 3,242,776,728.62, up from RMB 3,084,100,117.56 at the end of 2023[24] - Total liabilities as of September 30, 2024, were RMB 242,619,207.08, compared to RMB 162,381,100.92 at the end of 2023[25] - Total liabilities and owner's equity as of Q3 2024 were 3,242,776,728.62 RMB, up from 3,084,100,117.56 RMB at the end of 2023[26] Shareholder Equity and Ownership - Total equity attributable to the parent company as of the end of Q3 2024 was RMB 2.93 billion, an increase of 1.9% compared to RMB 2.88 billion at the end of Q3 2023[16] - Shareholders' equity as of September 30, 2024, was RMB 3,000,157,521.54, slightly higher than RMB 2,921,719,016.64 at the end of 2023[25] - Total owner's equity as of Q3 2024 was 3,000,157,521.54 RMB, up from 2,921,719,016.64 RMB at the end of 2023[26] - Total number of ordinary shareholders at the end of the reporting period is 7,651[11] - Lu Zhilin holds 36,485,559 shares, accounting for 29.85% of the total shares[11] - Lu Shenglin holds 35,687,414 shares, accounting for 29.20% of the total shares[11] - Xu Xueliang holds 8,930,593 shares, accounting for 7.31% of the total shares[11] - Ningbo Qianzhi Venture Capital Partnership holds 7,104,000 shares, accounting for 5.81% of the total shares[11] - Hong Kong Securities Clearing Company holds 3,320,889 shares, accounting for 2.72% of the total shares[11] Earnings and Return on Equity - Basic earnings per share for the quarter were RMB 0.1521, down 40.26% compared to the same period last year[2] - The weighted average return on equity (ROE) for the quarter was 0.65%, a decrease of 0.50 percentage points year-over-year[4] - Basic earnings per share for the first three quarters of 2024 were RMB 1.0794, a decrease of 35.6% compared to RMB 1.6770 in the same period of 2023[20] - Total comprehensive income for the first three quarters of 2024 was RMB 131.97 million, a decrease of 35.4% compared to RMB 204.46 million in the same period of 2023[19] Non-Recurring Items and Profit Drivers - Non-recurring gains and losses for the quarter amounted to a loss of RMB 5.69 million[6] - The decrease in net profit was primarily due to a decline in revenue and increased expenses from new customer acquisition and product development[7] - The significant drop in operating cash flow was mainly due to reduced payments from major customers and supply chain financing payments during the period[8] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q3 2024 were 291,851,447.97 RMB, a decrease from 448,428,427.66 RMB at the end of Q3 2023[29]