Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was CNY 9,582,152.65, a decrease of 46.45% from CNY 17,892,464.71 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 was CNY 43,461,875.78, down 1.32% from CNY 44,042,714.13 year-on-year[3] - The company experienced a 12.21% decline in operating revenue for the third quarter of 2024, totaling CNY 15,381,435.79 compared to CNY 17,521,275.98 in the same quarter of 2023[3] - Total operating revenue for the first nine months of 2024 was CNY 41,260,676.38, a decrease of 2.97% compared to CNY 42,492,017.57 in the same period of 2023[21] - Net profit for the first nine months of 2024 was CNY 9,655,448.53, down 46.49% from CNY 18,072,405.39 in the same period of 2023[22] - Operating profit for the first nine months of 2024 was CNY 10,780,496.44, slightly up by 0.64% from CNY 10,711,570.42 in the same period of 2023[21] - Net profit for Q3 2024 was 9,582,152.65, down 46.6% from 17,892,464.71 in Q3 2023[20] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 499,551,860.74, an increase of 2.18% compared to CNY 488,877,842.97 at the end of 2023[3] - Total liabilities increased to ¥60,913,068.63 from ¥39,721,270.85, reflecting a growth of approximately 53.38%[14] - The company's equity decreased to ¥438,638,792.11 from ¥449,156,572.12, a decline of about 2.29%[14] - The company reported a total current liability of ¥59,867,390.92, which is an increase from ¥38,060,399.27, representing a growth of about 57.50%[13] - The company's total assets reached 498,811,815.39, an increase from 489,932,584.51 year-over-year[17] - Total liabilities increased to 58,088,193.07, compared to 38,764,478.06 in the previous year[17] - The company's equity decreased to 440,723,622.32 from 451,168,106.45 year-over-year[17] Cash Flow - The net cash flow from operating activities increased significantly to CNY 21,060,614.78, a rise of 2,741.85% compared to CNY 741,087.45 in the previous year[3] - Cash flow from operating activities increased significantly to CNY 21,060,614.78 in 2024 from CNY 741,087.45 in 2023[23] - Cash inflow from operating activities totaled ¥62,360,902.74, compared to ¥53,180,993.00 in the previous year, marking an increase of approximately 17%[25] - Cash outflow for operating activities decreased to ¥38,598,695.20 from ¥50,011,197.94, representing a reduction of about 23%[25] - Cash flow from investing activities showed a net inflow of CNY 55,758,046.84 in 2024, compared to a net outflow of CNY 219,271,019.62 in 2023[24] - The net cash flow from investment activities was ¥53,637,812.83, a recovery from a negative cash flow of ¥220,897,310.01 in the previous year[26] Shareholder Information - The total number of unrestricted shares is 66,002,900, accounting for 49.26% of the total share capital[6] - The total number of restricted shares is 67,997,100, representing 50.74% of the total share capital[6] - The largest shareholder, Zhou Xiangcheng, holds 46,731,200 shares, which is 34.87% of the total shares[7] - The second largest shareholder, Wan Meihua, owns 43,217,600 shares, accounting for 32.25%[7] - The total number of common shareholders is 7,859[6] - The total share capital is 134,000,000 shares[6] - The top ten shareholders collectively hold 100,776,821 shares, representing 75.21% of the total shares[7] Operational Metrics - The company's gross profit margin decreased, with the weighted average return on net assets based on net profit attributable to shareholders dropping to 2.15% from 3.97% year-on-year[3] - Research and development expenses for Q3 2024 were 5,323,959.86, down 23.2% from 6,933,677.98 in Q3 2023[18] - Research and development expenses decreased to CNY 4,654,581.81 in 2024 from CNY 6,515,001.25 in 2023, a reduction of 28.51%[21] - The company reported a decrease in sales expenses to CNY 2,866,605.23 in 2024 from CNY 2,976,885.28 in 2023, a decline of 3.70%[21] - The company’s financial expenses improved, showing a net income of CNY -350,612.30 in 2024 compared to CNY -1,975,830.39 in 2023[21] Future Plans - The company plans to apply for a comprehensive credit limit of up to 80 million yuan from banks, with a validity period of one year[10] - The company plans to focus on market expansion and new product development in the upcoming quarters[20] Legal and Compliance - There are no significant legal disputes or external guarantees reported during the period[9]
恒进感应(838670) - 2024 Q3 - 季度财报