Focus Tech.(002315)2024-10-30 08:03Financial Performance - The company's revenue for Q3 2024 reached ¥416,468,669.19, an increase of 8.50% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥124,010,261.11, reflecting a growth of 14.88% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥122,407,096.44, up by 13.23% from the previous year[2]. - The basic earnings per share for the period was ¥0.3912, representing a 12.93% increase compared to the same quarter last year[2]. - Total operating revenue for Q3 2024 reached ¥1,212,180,457.04, an increase of 7.8% compared to ¥1,124,687,762.91 in Q3 2023[16]. - Net profit for Q3 2024 was ¥350,176,798.69, up from ¥293,859,553.53 in Q3 2023, reflecting a growth of 19.2%[17]. - The net profit attributable to the parent company's shareholders for Q3 2024 was ¥357,714,192.07, compared to ¥297,668,026.11 in Q3 2023, representing an increase of approximately 20.2%[18]. - The total comprehensive income attributable to the parent company's owners for Q3 2024 was ¥411,851,376.92, up from ¥365,018,575.47 in Q3 2023, reflecting a growth of about 12.9%[18]. - The basic and diluted earnings per share for Q3 2024 were both ¥1.1297, compared to ¥0.9554 in Q3 2023, indicating an increase of approximately 18.2%[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,754,207,522.51, a decrease of 3.92% from the end of the previous year[2]. - Total assets decreased to ¥3,754,207,522.51 from ¥3,907,505,055.56, a decline of 3.9% year-over-year[16]. - Total liabilities decreased to ¥1,337,550,325.78 from ¥1,417,109,426.72, a reduction of 5.6%[16]. - The company's total equity attributable to shareholders decreased by 2.56% to ¥2,404,031,257.36 compared to the end of the previous year[2]. - The company's equity attributable to shareholders decreased to ¥2,404,031,257.36 from ¥2,467,137,354.98, a drop of 2.6%[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥273,559,800.40, an increase of 23.17% year-over-year[2]. - The net cash flow from operating activities for Q3 2024 was ¥273,559,800.40, an increase from ¥222,107,550.67 in Q3 2023, representing a growth of approximately 23.2%[20]. - Cash inflows from operating activities for Q3 2024 totaled ¥1,379,601,392.83, compared to ¥1,279,261,356.13 in Q3 2023, marking a rise of about 7.8%[20]. - The net cash flow from investing activities improved by 97.47%, reaching -¥10,665,758.43, attributed to increased cash inflows from maturing bank deposits and financial products[8]. - The net cash flow from investing activities for Q3 2024 was -¥10,665,758.43, an improvement from -¥420,872,467.14 in Q3 2023, indicating a reduction in cash outflow[21]. - The net cash flow from financing activities for Q3 2024 was -¥498,714,135.19, compared to -¥249,570,864.05 in Q3 2023, showing an increase in cash outflow[21]. - The cash and cash equivalents at the end of Q3 2024 were ¥733,928,011.35, down from ¥1,174,430,773.51 at the end of Q3 2023, reflecting a decrease of approximately 37.6%[21]. - As of September 30, 2024, the company had cash and cash equivalents of 1,076,176,099.41 RMB, down from 1,684,998,228.16 RMB at the beginning of the period[14]. Operational Metrics - The company reported a significant increase in accounts receivable by 127.46%, amounting to ¥59,603,276.04, primarily due to increased sales volume from its subsidiary inQbrands Inc[6]. - Accounts receivable increased to ¥59,603,276.04 from ¥26,204,227.17, a significant rise of 127.5%[15]. - The total cost of operations for Q3 2024 was ¥853,471,937.44, compared to ¥833,254,444.32 in Q3 2023, an increase of 2.1%[17]. - Research and development expenses for Q3 2024 were ¥113,531,406.46, slightly down from ¥116,006,627.44 in Q3 2023[17]. - Inventory decreased to ¥2,369,705.75 from ¥5,700,421.33, a decline of 58.4%[15]. - The company experienced a 44.49% increase in other income, totaling ¥7,265,175.48, mainly due to increased government subsidies[7]. - The company reported a financial income of ¥40,612,781.94, up from ¥33,939,889.45 in the previous year, indicating a growth of 19.7%[17]. Shareholder Information - The top shareholder, Shen Jinhua, holds 46.42% of the company's shares, totaling 147,247,358 shares[10]. - The company issued 351,218 shares under the 2020 stock option incentive plan during Q3 2024, with a total of 11,735,869 shares issued since the plan's inception[12]. - The company has no preferred shareholders or significant changes in the top 10 shareholders participating in margin trading[11]. Market and Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report[11]. - There are no significant mergers or acquisitions reported during this quarter[11]. - The company reported a significant decrease in cash equivalents due to exchange rate fluctuations, impacting overall liquidity[11]. - The company's trading financial assets decreased from 153,027,090.63 RMB to 61,335,002.99 RMB during the reporting period[14]. - The number of paid members on the Made-in-China.com platform increased by 934 to a total of 26,668 members as of the end of the reporting period[13].