EMPYREAN(301269)2024-10-29 11:22Revenue and Profit - Revenue for Q3 2024 reached ¥299,750,295.25, an increase of 27.69% year-over-year, while year-to-date revenue totaled ¥743,538,328.46, up 16.25% compared to the previous year[3] - Net profit attributable to shareholders for Q3 2024 was ¥20,674,114.08, a decrease of 76.40% year-over-year, with year-to-date net profit at ¥58,545,382.29, down 65.84%[3] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥17,682,367.68, a significant increase of 395.75% year-over-year, while year-to-date it was -¥33,564,269.85, down 280.88%[3] - The net profit for Q3 2024 was CNY 58,545,382.29, a decrease of 65.8% compared to CNY 171,402,408.29 in Q3 2023[19] - Total operating income for Q3 2024 was CNY 65,085,026.72, down 61.9% from CNY 171,052,595.69 in Q3 2023[19] - The company reported a total profit of CNY 65,115,012.37, down 61.9% from CNY 171,158,948.68 in the previous year[19] - Total comprehensive income for Q3 2024 was CNY 56,167,113.40, significantly lower than CNY 172,992,908.93 in the same quarter last year[20] Assets and Liabilities - The company's total assets as of the end of Q3 2024 were ¥5,283,459,908.50, a decrease of 4.55% from the end of the previous year[3] - Current assets totaled ¥3,172,039,618.34, a decrease of 11.0% from ¥3,564,411,913.23 in the previous quarter[17] - Non-current assets increased to ¥2,111,420,290.16, up from ¥1,971,125,576.92, representing a growth of 7.1%[17] - Total liabilities decreased to ¥378,993,918.43 from ¥752,192,713.06, indicating a reduction of 49.7%[18] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a year-to-date figure of -¥41,435,652.96, down 124.78% compared to the previous year[3] - Cash inflow from operating activities was CNY 781,721,770.06, a decrease from CNY 846,631,887.41 in the previous year[21] - The net cash outflow from operating activities was CNY 41,435,652.96, a decrease from the previous year's net inflow of CNY 167,243,416.04, indicating a significant decline in operational cash flow[22] - The total cash inflow from investment activities was CNY 93,164,055.56, compared to CNY 4,221,091,281.48 in the previous year, reflecting a substantial decrease in investment cash inflows[22] - The net cash outflow from investment activities was CNY 502,685,723.29, contrasting with a net inflow of CNY 72,738,978.53 in the same period last year, highlighting a negative shift in investment performance[22] - The net cash outflow from financing activities was CNY 161,123,930.52, compared to a smaller outflow of CNY 54,653,920.83 in the previous year, indicating increased financing pressures[22] - The company reported a total cash outflow of CNY 711,134,256.02 for the quarter, contrasting with a cash inflow of CNY 186,041,703.50 in the same quarter last year[22] Expenses - Operating costs for Q3 2024 were ¥60,497,965.75, an increase of 53.14% year-over-year, primarily due to the growth in technical development service revenue[7] - Research and development expenses increased to CNY 542,264,374.94, up 20.2% from CNY 451,279,498.65 in the same period last year[19] - Sales expenses rose to CNY 139,626,956.61, an increase of 33.7% from CNY 104,459,134.52 in Q3 2023[19] - The company paid CNY 580,680,178.11 to employees, an increase from CNY 445,919,231.39 in the previous year, indicating rising labor costs[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,141, with the top 10 shareholders holding a combined 77.62% of shares[9] - China Electronics Co., Ltd. holds 21.22% of shares, amounting to 115,200,804 shares, making it the largest shareholder[9] - The second-largest shareholder, Beijing Jiuchuang Huixin Asset Management Partnership, holds 17.63% with 95,719,518 shares[9] - The top 10 shareholders account for 77.62% of the total share capital, indicating a concentrated ownership structure[11] Product Development and Innovation - The company has introduced a series of new EDA products in the custom design and wafer manufacturing fields, including the Andes design automation platform and optical proximity effect optimization tools[13] - The Andes-Analog tool provides a full-process automation solution for analog circuit design, significantly reducing the iteration cycle[14] - The Andes-Power tool enhances the efficiency and quality of power management IC design, allowing for automated layout generation[14] - The company launched a new Geometry-Centric process diagnostic analysis platform called Vision, aimed at enhancing semiconductor manufacturing processes[15] - The company is committed to enhancing product quality and efficiency through innovative design tools aimed at the semiconductor industry[14] Other Financial Information - The company recognized government subsidies totaling ¥3,114,049.81 for the current period, contributing to its non-recurring gains[4] - The company experienced a decrease in investment income, reporting a loss of CNY 12,815,035.82 compared to a gain of CNY 3,651,780.22 in the same period last year[19] - Other comprehensive income after tax was CNY -2,378,268.89, compared to CNY 1,590,500.64 in Q3 2023[20] - The company's cash and cash equivalents were ¥2,391,861,584.74, down from ¥3,102,995,840.76, a decline of 22.9%[16] - The company did not undergo an audit for the third quarter report, which may affect investor confidence in the reported figures[23]