Financial Performance - Net profit attributable to shareholders decreased by 23.68% to CNY 38,163,424.19 for the first nine months of 2024, down from CNY 50,002,775.33 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 was CNY 252,885,742.93, a decline of 15.68% from CNY 299,912,577.95 in the previous year[3] - Basic earnings per share dropped by 44.94% to CNY 0.49 from CNY 0.89 year-on-year[3] - The company reported a 53.07% decline in net profit attributable to shareholders for Q3 2024, amounting to CNY 10,486,402.73 compared to CNY 22,346,872.73 in Q3 2023[3] - The weighted average return on equity based on net profit attributable to shareholders was 2.37% for Q3 2024, down from 4.32% in the same quarter last year[3] - The total profit for the first nine months of 2024 was CNY 43,814,558.95, down 26.6% from CNY 59,561,820.77 in 2023[26] - The comprehensive income for the first nine months of 2024 was CNY 38,257,243.68, down 24.4% from CNY 50,609,851.21 in 2023[27] Cash Flow and Liquidity - Cash flow from operating activities decreased by 47.70% to CNY 41,781,981.06 compared to CNY 79,895,133.40 in the same period last year[3] - Cash and cash equivalents decreased by 67.36% to CNY 101,512,507.47 due to investments in structured deposits[5] - Cash inflow from operating activities totaled CNY 259,357,819.43, a decrease from 298,900,571.20, indicating a decline of about 13.2%[30] - Total cash and cash equivalents at the end of the period were 74,422,274.37, down from 31,216,680.67, reflecting a decrease of approximately 76.3%[30] - The company paid 19,422,000.00 in dividends, a decrease from 56,160,000.00 in the previous period, reflecting a reduction of approximately 65.4%[31] Assets and Liabilities - Total assets increased by 6.45% to CNY 798,587,117.36 as of September 30, 2024, compared to CNY 750,219,591.30 at the end of 2023[3] - The company’s debt-to-asset ratio decreased to 18.33% from 21.75% year-on-year, indicating improved financial stability[3] - Total current assets decreased from CNY 507,484,303.98 as of December 31, 2023, to CNY 456,162,717.69 as of September 30, 2024, a decline of approximately 10.1%[17] - Total liabilities decreased from CNY 163,158,525.72 to CNY 146,399,138.51, a reduction of about 10.2%[19] - Share capital increased from CNY 62,400,000 to CNY 77,688,000, reflecting a growth of approximately 24.5%[19] Investments and Income - Interest income increased by 188.15% to 3,648,395.92 due to a significant increase in bank deposits following the company's public stock issuance[6] - Other income rose by 88.02% to 7,239,420.27, primarily from increased government subsidies[6] - Investment income decreased by 43.44% to 1,610,267.01, mainly due to significant losses from forward foreign exchange contracts in the previous year[6] - The company reported an investment income of CNY 4,347,324.16 in 2024, compared to a loss of CNY 690,845.89 in 2023, indicating a significant turnaround[26] Shareholder Information - Major shareholders include Li Songnian with 59.87% ownership, and Wuxi Jingyao Investment Co., Ltd. and Wuxi Jingsheng Investment Partnership each holding 4.63%[11] - The total number of shares held by the top ten shareholders is 59,454,366, representing 76.52% of total shares[12] - The total number of ordinary shares at the end of the period was 77,688,000, with 30.80% being freely tradable shares[10] Commitments and Guarantees - Li Songnian has committed to cover any principal losses from overdue financial products, with a total of 20 million CNY deposited into a joint account to ensure compliance with this commitment[16] - The company has fulfilled all disclosed commitments without any violations as of the reporting date[16] - There are no ongoing litigation or arbitration matters reported during the period[14] - The company has not provided external guarantees or loans during the reporting period[14] - There are no significant related party transactions that have not been disclosed[14]
无锡晶海(836547) - 2024 Q3 - 季度财报