康达新材(002669) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥816,474,450.24, representing a 15.75% increase year-over-year[2] - The net profit attributable to shareholders was -¥19,966,135.18, a decrease of 432.07% compared to the same period last year[2] - The net profit attributable to shareholders of the parent company for the reporting period was -76,477,138.03 yuan, a decrease of 336.84% compared to the same period last year[5] - The basic earnings per share for the quarter was -¥0.067, a decline of 509.09% year-over-year[2] - The basic earnings per share were -0.257 yuan, a decline of 340.19% compared to the previous year[5] - The net profit for the current period was a loss of CNY 105,905,526.02, compared to a profit of CNY 31,571,352.63 in the previous period, indicating a significant decline[17] - The total comprehensive income for the current period was a loss of CNY 106,179,590.60, compared to a gain of CNY 32,233,767.36 in the previous period[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥427,698,633.72, showing a significant increase of 642.09%[2] - Cash flow from operating activities generated a net inflow of CNY 427,698,633.72, contrasting with a net outflow of CNY -78,897,979.96 in the previous period[18] - The cash inflow from operating activities totaled CNY 2,240,646,973.95, down from CNY 2,775,896,396.09 in the previous period, reflecting a decrease of 19.25%[18] - The net cash flow from investing activities was -437,524,860.47 CNY, an improvement from -695,774,116.64 CNY in the previous period[19] - The net cash flow from financing activities was 74,440,340.20 CNY, a significant decrease from 716,771,214.92 CNY in the prior year[19] - The total cash and cash equivalents at the end of the period increased to 508,614,530.99 CNY from 438,366,870.53 CNY year-over-year[19] - The net increase in cash and cash equivalents was 62,574,077.05 CNY, contrasting with a decrease of -61,535,559.81 CNY in the prior year[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,546,246,082.81, reflecting a 5.94% increase from the end of the previous year[2] - The total liabilities of the company reached RMB 4.363 billion, compared to RMB 3.814 billion at the beginning of the year, marking an increase of about 14.4%[15] - The equity attributable to shareholders decreased to ¥2,896,238,242.77, down 2.71% from the previous year[2] - The equity attributable to the owners of the parent company decreased to RMB 2.896 billion from RMB 2.977 billion, a decline of about 2.7%[15] Income and Expenses - Other income increased by 338.10% to 22,851,236.39 yuan, primarily due to an increase in input tax deductions[5] - Financial expenses rose by 53.37% to 73,237,056.68 yuan, mainly due to increased bank financing leading to higher loan interest[5] - The company reported a 30.24% increase in taxes and surcharges, totaling 16,617,466.67 yuan, attributed to higher property and land use taxes[5] - Investment income decreased by 89.17% to 535,637.85 yuan, primarily due to reduced returns from financial products and long-term equity investments accounted for using the equity method[5] - The company recorded a significant increase in financial expenses, which rose to CNY 73,237,056.68 from CNY 47,752,184.48, an increase of 53.48%[16] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 27,069[6] - The largest shareholder, Tangshan Industrial Holding Group Co., Ltd., held 27.86% of the shares, totaling 84,538,521 shares[6] - The company’s registered capital decreased from 305,402,973 yuan to 303,400,000 yuan following the cancellation of certain repurchased shares[10] Strategic Initiatives - The company plans to continue expanding its market presence and product development in response to industry trends and business conditions[5] - The company has established a new investment partnership, "Rushi Innovation (Wuhan) Technology Venture Capital Partnership," with a focus on technology innovation[11] - The company is actively promoting the execution of the technology licensing project as per the signed contract[12] - The total amount of the technology licensing and service contract signed by the subsidiary Dalian Qihua New Materials Co., Ltd. is expected to be RMB 61 million, which includes licensing fees, engineering fees, and service fees[12] Inventory and Receivables - The company experienced a 40.08% decrease in notes receivable, attributed to an increase in commercial acceptance bill discounts[4] - Accounts receivable rose to RMB 1.897 billion, up from RMB 1.462 billion, indicating an increase of approximately 29.8%[13] - The company's inventory decreased to RMB 757.59 million from RMB 792.86 million, showing a reduction of approximately 4.4%[13] Research and Development - Research and development expenses increased to CNY 134,715,961.26 from CNY 115,698,191.12, marking a rise of 16.67%[16] Audit Status - The company’s third-quarter report was not audited[19]