Speechocean(688787)2024-10-29 10:51Revenue and Profit Performance - Revenue for Q3 2024 reached RMB 57.13 million, a 98.69% increase year-over-year, driven by strong demand in both domestic and international markets[2] - Net profit attributable to shareholders for Q3 2024 was RMB 3.37 million, a significant increase compared to the same period last year[2] - Net profit attributable to shareholders of the listed company increased significantly year-on-year due to optimized management expenses, reduced investment in the DOTS integrated data processing platform, and recovery of long-term accounts receivable[7] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for Q3 2024 was RMB 1.7375 million, an increase of RMB 21.1539 million compared to the same period last year[7] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the first nine months of 2024 was RMB -1.9383 million, an increase of RMB 40.5826 million compared to the same period last year[7] - Total revenue for the first three quarters of 2024 reached 149,557,500.43 RMB, a significant increase from 103,214,577.26 RMB in the same period of 2023[19] - Net profit for the first three quarters of 2024 was 3,788,727.30 RMB, compared to a net loss of 32,119,879.34 RMB in the same period of 2023[20] - Operating profit for the first three quarters of 2024 was 3,726,779.84 RMB, a significant improvement from an operating loss of 44,006,985.44 RMB in the same period of 2023[19] - Total comprehensive income for the first three quarters of 2024 was 3,705,255.71 RMB, compared to a comprehensive loss of 32,124,418.61 RMB in the same period of 2023[20] - Sales revenue from goods and services in the first three quarters of 2024 increased to 169,785,483.70 RMB, up from 125,560,468.15 RMB in the same period of 2023[22] R&D and Gross Margin - R&D investment for Q3 2024 was RMB 16.22 million, accounting for 28.39% of total revenue, a decrease of 18.77 percentage points year-over-year[3] - Gross margin increased to 66.83% in the first nine months of 2024, driven by higher-margin dataset products[6] - R&D expenses for the first three quarters of 2024 were 42,894,460.20 RMB, a decrease from 45,773,167.79 RMB in the same period of 2023[19] Cash Flow and Financial Position - Operating cash flow for the first nine months of 2024 was RMB 15.87 million, reflecting improved cash management[3] - Net cash flow from operating activities for Q3 2024 was RMB 192,800, an increase of RMB 11.5518 million compared to the same period last year[7] - Net cash flow from operating activities for the first nine months of 2024 was RMB 15.8697 million, an increase of RMB 51.1024 million compared to the same period last year[7] - Total cash inflow from operating activities in the first three quarters of 2024 was 177,528,799.91 RMB, compared to 140,545,712.62 RMB in the same period of 2023[22] - Net cash flow from operating activities in the first three quarters of 2024 was 15,869,652.94 RMB, a significant improvement from -35,232,713.19 RMB in the same period of 2023[23] - Cash received from investment returns in the first three quarters of 2024 was 4,910,837.01 RMB, down from 7,723,942.53 RMB in the same period of 2023[23] - Net cash flow from investing activities in the first three quarters of 2024 was 65,901,415.98 RMB, compared to 4,306,786.85 RMB in the same period of 2023[23] - Net cash flow from financing activities in the first three quarters of 2024 was -52,396,826.02 RMB, compared to -20,207,031.42 RMB in the same period of 2023[23] - The net increase in cash and cash equivalents in the first three quarters of 2024 was 43,099,076.69 RMB, a significant improvement from -50,201,795.77 RMB in the same period of 2023[23] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was 81,784,514.73 RMB, up from 22,997,627.86 RMB at the end of the same period in 2023[23] - The company's monetary funds increased to RMB 81,784,514.73 as of September 30, 2024, compared to RMB 38,685,438.04 at the end of 2023[15] Assets and Liabilities - Total assets as of the end of Q3 2024 were RMB 777.63 million, a 5.68% decrease compared to the end of the previous year[3] - The company's total assets decreased to RMB 777,634,688.05 as of September 30, 2024, from RMB 824,507,109.18 at the end of 2023[16] - The company's total liabilities increased to RMB 36,368,307.33 as of September 30, 2024, from RMB 35,531,135.17 at the end of 2023[16] - Total liabilities as of the end of Q3 2024 were 40,606,406.60 RMB, slightly lower than 42,213,125.67 RMB at the end of Q3 2023[17] - Total equity attributable to the parent company as of the end of Q3 2024 was 737,028,281.45 RMB, compared to 782,293,983.51 RMB at the end of Q3 2023[17] - Deferred tax liabilities as of the end of Q3 2024 were 1,281,770.69 RMB, a decrease from 1,656,142.91 RMB at the end of Q3 2023[17] - Lease liabilities as of the end of Q3 2024 were 2,956,328.58 RMB, a decrease from 5,025,847.59 RMB at the end of Q3 2023[17] - Trade receivables decreased to RMB 74,975,732.58 as of September 30, 2024, from RMB 93,429,431.19 at the end of 2023[15] - Prepayments increased to RMB 35,029,571.27 as of September 30, 2024, compared to RMB 16,667,502.95 at the end of 2023[15] - Inventory increased to RMB 8,930,280.24 as of September 30, 2024, from RMB 4,544,293.84 at the end of 2023[15] - The company's fixed assets decreased to RMB 258,588,671.94 as of September 30, 2024, from RMB 267,778,452.72 at the end of 2023[16] Earnings Per Share and Shareholder Returns - Basic earnings per share for Q3 2024 was RMB 0.06, an increase of RMB 0.31 compared to the same period last year[7] - Basic earnings per share for the first nine months of 2024 was RMB 0.06, an increase of RMB 0.59 compared to the same period last year[7] - Diluted earnings per share for Q3 2024 was RMB 0.06, an increase of RMB 0.31 compared to the same period last year[8] - Diluted earnings per share for the first nine months of 2024 was RMB 0.06, an increase of RMB 0.59 compared to the same period last year[8] - Weighted average return on equity for Q3 2024 was 0.45%, an increase of 2.33 percentage points compared to the same period last year[8] - The company completed a share repurchase of 466,117 shares, accounting for 0.7727% of the total shares, with a total payment of RMB 19,996,416.30[14] - The company's board approved a share repurchase plan with a maximum price of RMB 78.69 per share and a total amount between RMB 10 million and RMB 20 million[13] - The National Social Security Fund 414 portfolio held 913,694 shares, accounting for 1.51% of the total shares as of the end of the reporting period[12] Non-Recurring Gains and Losses - Non-recurring gains for Q3 2024 amounted to RMB 1.63 million, primarily from government subsidies and financial asset gains[4] Market and Customer Base - The company served nearly 20 domestic and international large model enterprises and research institutions by the end of September 2024, laying the foundation for future large-scale data demand[6] - International revenue grew by 146.19% year-over-year in Q3 2024, driven by increased investment in multilingual intelligent speech by global tech giants[6] - Domestic revenue increased by 69.87% year-over-year in Q3 2024, supported by demand for multimodal large models and natural language processing[6]