德瑞锂电(833523) - 2024 Q3 - 季度财报

Section I Important Notice This section confirms the accuracy and completeness of the quarterly report by key management and notes that it has not been audited - Company directors, supervisors, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal liabilities[1] - Company head Pan Wenshuo, chief accountant Pan Wenshuo, and head of accounting Wang Weihua guarantee the truthfulness, accuracy, and completeness of the financial report[1] - This quarterly report has not been audited by an accounting firm[1][2] Section II Company Profile This section details the company's significant financial performance growth and shareholder structure as of the reporting period Major Financial Data During the reporting period, the company achieved significant performance growth, with operating revenue increasing by 56.45% and net profit by 236.93% in the first three quarters of 2024, driven by market expansion, innovation, and cost control, alongside increased investments in new projects Major Financial Data (Jan-Sep 2024) | Item | Year-to-Date (Jan-Sep 2024) (Yuan) | Prior Period (Jan-Sep 2023) (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 384,167,335.72 | 245,545,366.83 | 56.45% | | Net Profit Attributable to Shareholders | 106,161,905.06 | 31,508,351.26 | 236.93% | | Net Cash Flow from Operating Activities | 118,780,050.83 | 80,633,736.00 | 47.31% | | Basic Earnings Per Share (Yuan/share) | 1.05 | 0.31 | 238.71% | | Total Assets | 789,531,179.75 | 574,981,540.15 (Prior Year-End) | 37.31% | Major Financial Data (Jul-Sep 2024) | Item | Current Reporting Period (Jul-Sep 2024) (Yuan) | Prior Period (Jul-Sep 2023) (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 156,892,611.16 | 114,106,179.83 | 37.50% | | Net Profit Attributable to Shareholders | 43,215,199.30 | 20,082,940.77 | 115.18% | | Basic Earnings Per Share (Yuan/share) | 0.43 | 0.20 | 115.00% | - Significant changes in financial data are primarily due to: - Construction in Progress: Increased by 2,222.21%, mainly due to increased investment in the new Huidrui High-Performance Lithium Battery R&D and Production Project[6] - Other Non-Current Assets: Increased by 1,146.10%, primarily due to increased prepayments for project equipment[6] - Operating Revenue: Increased by 56.45%, driven by continuous market expansion and steady growth in domestic and international business orders[7] - Net Profit: Increased by 236.93%, mainly due to operating revenue growth, declining prices of major raw materials, and economies of scale diluting unit fixed costs[7] - Net Cash Flow from Financing Activities: Increased by 480.48%, primarily due to the use of bank loans for new projects[7] Non-Recurring Gains and Losses (Jan-Sep 2024) | Item | Amount (Yuan) | | :--- | :--- | | Non-current asset disposal gains and losses | -1,687,153.53 | | Government grants recognized in current profit or loss | 358,565.65 | | Other non-operating income and expenses | -120,375.67 | | Total Non-Recurring Gains and Losses | -1,447,963.55 | | Net Non-Recurring Gains and Losses | -1,246,569.66 | Shareholder Information As of the reporting period end, the company's total share capital was 101,301,369 shares, with a relatively concentrated equity structure where the top ten shareholders collectively held 50.0108% Top Ten Shareholders' Shareholding | Shareholder Name | Shares Held at Period End (shares) | Shareholding Percentage at Period End | | :--- | :--- | :--- | | Ai Jianjie | 15,285,738 | 15.0894% | | Pan Wenshuo | 13,499,096 | 13.3257% | | Liu Qiuming | 6,057,298 | 5.9795% | | He Xianwen | 3,654,546 | 3.6076% | | Zhang Jian | 3,519,503 | 3.4743% | | Zhou Wenjian | 2,208,151 | 2.1798% | | Wang Ruijun | 1,713,284 | 1.6913% | | Wang Weihua | 1,713,284 | 1.6913% | | Lin Juhong | 1,633,108 | 1.6121% | | Xie Hui | 1,377,467 | 1.3598% | - As of the end of the reporting period, the company's total share capital was 101,301,369 shares, and the total number of shareholders was 7,935[10] - Shares held by shareholders holding 5% or more or the top ten shareholders are not pledged or judicially frozen[11] Section III Significant Events This section outlines the progress of major projects, employee stock plan updates, and asset pledges during the reporting period Overview and Progress of Significant Matters During the reporting period, the company's significant matters primarily revolved around the construction of the "Huidrui High-Performance Lithium Battery R&D and Production Project," the unlocking of the 2022 employee stock ownership plan, and asset pledges for bank loans - The company is investing in the "Huidrui High-Performance Lithium Battery R&D and Production Project," which officially commenced in January 2024, with its main structure fully topped out and expected to be operational in the second half of 2025[13] - The company's 2022 employee stock ownership plan continued into this reporting period, with the second lock-up period expiring on April 8, 2024, and 1.3013 million shares unlocked on June 12, 2024, following a 2023 equity distribution adjustment[15] - The company pledged part of its land and construction in progress for loans, with a book value of 130,150,016.10 Yuan, accounting for 16.48% of total assets, which is considered normal business practice and will not adversely affect production and operations[16] Section IV Financial Accounting Report This section presents the company's unaudited consolidated financial statements, reflecting significant growth in assets, profitability, and cash flows Financial Statements This section provides the company's unaudited consolidated balance sheet as of September 30, 2024, the consolidated income statement for January-September 2024, and the consolidated cash flow statement, showing growth in total assets, net assets, and profitability Balance Sheet Major Balance Sheet Items (Unit: Yuan) | Item | September 30, 2024 | December 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 789,531,179.75 | 574,981,540.15 | 37.31% | | Total Liabilities | 239,136,875.60 | 116,508,549.23 | 105.25% | | Total Equity Attributable to Parent Company Owners | 550,394,304.15 | 458,472,990.92 | 20.05% | Income Statement Major Income Statement Items (Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 384,167,335.72 | 245,545,366.83 | 56.45% | | Total Operating Costs | 255,292,064.28 | 205,778,388.96 | 24.06% | | Operating Profit | 127,076,575.01 | 36,270,036.16 | 250.33% | | Net Profit | 106,161,905.06 | 31,508,351.26 | 236.93% | | Basic Earnings Per Share (Yuan/share) | 1.05 | 0.31 | 238.71% | Cash Flow Statement Major Cash Flow Statement Items (Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 118,780,050.83 | 80,633,736.00 | 47.31% | | Net Cash Flow from Investing Activities | -121,648,224.02 | -111,290,452.01 | -9.31% | | Net Cash Flow from Financing Activities | 59,297,081.08 | -15,584,826.00 | 480.48% | | Net Increase in Cash and Cash Equivalents | 56,093,336.25 | -50,146,479.79 | Not Applicable |