Financial Performance - Operating revenue for the first nine months of 2024 was ¥96,483,902.27, a decline of 56.83% from ¥223,501,316.84 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was ¥17,365,703.44, down 56.87% from ¥40,265,585.56 year-on-year[5] - The basic earnings per share decreased by 77.73% to ¥0.38 from ¥1.71 in the same period last year[5] - The company's operating income decreased, leading to a 61.26% decline in tax and additional charges, amounting to ¥591,924.74[8] - Operating profit for the first nine months of 2024 was ¥13,181,840.93, significantly lower than ¥48,694,060.52 in the previous year[26] - Total operating revenue for the first nine months of 2024 reached ¥96,483,902.27, a decrease from ¥223,501,316.84 in the same period of 2023[25] - Net profit for the first nine months of 2024 was ¥17,365,703.44, down from ¥40,265,585.56 in the same period of 2023, reflecting a decline of approximately 57.0%[26] - Total profit for the first nine months of 2024 was ¥20,791,248.64, down from ¥49,306,156.75 in the same period of 2023[26] - The company achieved a net profit margin of approximately 18.0% for the first nine months of 2024, compared to 18.0% in the same period of 2023[26] Cash Flow - The net cash flow from operating activities increased significantly by 585.89% to ¥22,592,028.05 compared to ¥3,293,839.19 in the previous year[5] - Cash inflow from operating activities totaled 101,967,531.16, while cash outflow was 79,375,503.11, resulting in a net cash flow of 22,592,028.05[30] - The net cash flow from investing activities was -¥81,017,500.60, a 34.95% increase, mainly due to the purchase of financial products using idle raised funds[8] - The net cash flow from financing activities decreased by 205.58% to -¥41,352,691.05, reflecting early repayment of bank loans and dividends[8] - Cash flow from investment activities showed a net outflow of 81,017,500.60, compared to a net outflow of 60,035,949.02 in the previous year[31] - Cash flow from financing activities resulted in a net outflow of 41,352,691.05, contrasting with a net inflow of 39,168,276.66 in the same period last year[31] Assets and Liabilities - Total assets decreased by 19.24% to ¥412,962,970.36 as of September 30, 2024, compared to ¥511,329,388.02 at the end of 2023[4] - The company's cash and cash equivalents decreased by 64.72% to ¥60,557,329.86, primarily due to profit distribution and early repayment of bank loans[7] - The company's inventory decreased by 31.89% to ¥27,884,131.02, attributed to a reduction in sales orders[7] - The company’s total liabilities to assets ratio (consolidated) improved to 15.73% from 32.85% year-on-year[4] - Current liabilities decreased significantly from 122.59 billion to 35.69 billion, a reduction of about 70.9%[20] - Non-current liabilities decreased from 45.38 billion to 29.29 billion, a decline of approximately 35.5%[20] - Total current assets amounted to ¥239,681,923.02, a decrease from ¥343,492,519.39 as of December 31, 2023, reflecting a decline of approximately 30.2%[19] - The company's fixed assets increased to ¥131,905,333.21 from ¥93,081,540.38, representing an increase of approximately 41.8%[19] Shareholder Information - The total number of ordinary shares increased to 45,608,929, with a change of 13,031,122 shares during the period[11] - The largest shareholder, Haiyan Kunbo Holdings Co., Ltd., holds 28.80% of the shares, totaling 13,133,120 shares[12] - The company distributed cash dividends of ¥4.60 per 10 shares, totaling ¥14,985,791.22, and increased its total share capital by 13,031,122 shares through capital reserves[18] Research and Development - R&D expenses fell by 49.98% to ¥4,597,342.05 due to the ongoing construction of the subsidiary Kunbo New Energy's facility, expected to commence production in September 2024[8] - Research and development expenses for the first nine months of 2024 totaled ¥4,597,342.05, down from ¥9,190,292.14 in the same period of 2023, indicating a reduction of approximately 50.0%[25] Other Income and Expenses - Other income rose by 38.96% to ¥2,285,056.17, primarily due to tax incentives and government subsidies received by Kunbo New Energy[8] - Financial income increased significantly by 177.56%, resulting in a net financial expense of -¥387,946.91, attributed to higher interest income from raised funds[8] - The company reported a credit impairment loss of ¥-116,275.12 for the first nine months of 2024, an improvement from ¥-1,456,937.62 in the previous year[26] - Total comprehensive income amounted to 21,186,814.07, compared to 13,858,174.00 in the previous period, reflecting a significant increase[29] Commitments and Legal Matters - The company has no ongoing litigation or arbitration matters as of the reporting period[15] - The company has fulfilled its disclosed commitments in a timely manner, including those related to asset pledges and guarantees[15]
坤博精工(873570) - 2024 Q3 - 季度财报