Etron(603380)2024-10-29 09:49Revenue and Profit - Revenue for Q3 2024 reached ¥538,988,374.12, an increase of 5.89% year-over-year, while year-to-date revenue totaled ¥1,552,052,751.06, up 13.87% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥51,430,731.11, reflecting a significant increase of 39.49% year-over-year, with a year-to-date net profit of ¥138,804,826.01, up 34.38%[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥52,362,454.61, an increase of 83.93% year-over-year, while year-to-date it was ¥134,273,396.99, up 80.33%[2]. - Basic and diluted earnings per share for Q3 2024 were both ¥0.32, representing a 39.13% increase compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached ¥1,552,052,751.06, an increase of 13.9% compared to ¥1,363,012,292.42 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was ¥141,527,243.75, compared to ¥106,864,366.58 in 2023, representing a growth of 32.4%[18]. - The total comprehensive income for the third quarter of 2024 was CNY 145,822,274.09, compared to CNY 107,475,496.42 in the same period of 2023, representing an increase of approximately 35.6%[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,304,869,475.59, showing a slight decrease of 0.09% from the end of the previous year[3]. - The company's total assets amounted to ¥2,304,869,475.59, slightly down from ¥2,306,986,005.45 in the previous year[15]. - Total liabilities decreased to ¥837,563,730.34 from ¥942,502,830.74, indicating a reduction of approximately 11.1%[15]. - Shareholders' equity attributable to the parent company increased to ¥1,452,581,626.99, a rise of 7.55% compared to the end of the previous year[3]. - The equity attributable to shareholders of the parent company increased to ¥1,452,581,626.99, up from ¥1,350,656,475.19, marking a rise of 7.6%[15]. Cash Flow - Cash flow from operating activities for the year-to-date period was negative at -¥57,393,151.80, a decrease of 75.62% compared to the same period last year[2]. - Cash inflows from operating activities totaled CNY 1,671,211,062.82 for the first three quarters of 2024, down from CNY 1,864,025,031.37 in the same period of 2023, indicating a decrease of about 10.3%[20]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 44,141,239.93, significantly lower than CNY 181,027,933.85 in the same period of 2023, a decline of approximately 75.6%[20]. - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was CNY 233,133,008.80, down from CNY 307,158,759.73 at the end of the same period in 2023, a decrease of approximately 24.1%[21]. - The company received CNY 20,326,365.76 in tax refunds related to operating activities in the first three quarters of 2024, compared to CNY 52,105,305.22 in the same period of 2023, a decline of about 61.0%[20]. - The company reported cash inflows from investment activities of CNY 15,026,916.67 in the first three quarters of 2024, compared to CNY 10,455,968.01 in the same period of 2023, an increase of approximately 43.5%[20]. - The company’s cash outflows for employee payments increased to CNY 252,567,992.48 in the first three quarters of 2024, compared to CNY 221,478,263.16 in the same period of 2023, reflecting an increase of about 14.1%[20]. Expenses - Total operating costs for the first three quarters of 2024 were ¥1,366,720,139.59, up from ¥1,245,562,103.47 in 2023, reflecting a year-over-year increase of 9.7%[16]. - Research and development expenses for the first three quarters were ¥84,487,726.17, nearly unchanged from ¥84,751,297.40 in the previous year[18]. - The company reported a significant increase in sales expenses, which rose to ¥22,691,670.77 from ¥19,273,290.06, reflecting a year-over-year increase of 12.5%[18]. - The company’s financial expenses increased to ¥9,256,768.23 from ¥1,819,204.59, indicating a substantial rise in financial costs[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,672[8]. - The largest shareholder, Qian Xindong, holds 59,560,680 shares, representing 37.12% of total shares[10]. - The company has no significant changes in the top ten shareholders' participation in margin trading[11]. - There are no significant related party transactions among the top ten shareholders[11]. Other Information - The company attributed the increase in net profit to a slight growth in revenue, normalization of raw material procurement costs, and improved management efficiency[6]. - Non-recurring gains for the year-to-date period included government subsidies totaling ¥6,967,420.73, contributing positively to the financial results[4]. - The company has not reported any significant new strategies or product developments in the current quarter[12]. - Deferred income tax assets stood at ¥14,631,498.60, slightly up from ¥14,620,341.75[14]. - Non-current assets include fixed assets valued at ¥657,021,955.62, down from ¥672,774,122.98[13]. - The company has a total current asset of ¥1,499,788,501.10, compared to ¥1,468,863,846.31 in the previous year[13].