OIMT(002175)2024-10-30 08:43Financial Performance - Revenue for Q3 2024 reached ¥105,547,603.13, an increase of 74.38% compared to the same period last year[2] - Net profit attributable to shareholders was ¥27,862,223.59, up 265.64% year-on-year[2] - Net profit excluding non-recurring items was ¥27,427,332.87, reflecting an increase of 812.32% compared to the previous year[2] - The company achieved a total revenue of ¥241,079,787.29 for the first nine months of 2024, representing a year-on-year growth of 28.12%[10] - The net profit attributable to shareholders for the same period was ¥33,905,694.69, a decrease of 33.13% compared to the previous year, primarily due to significant debt restructuring gains in the prior period[10] - The net profit excluding non-recurring gains and losses increased by 282.45% year-on-year, amounting to ¥31,678,400.53, driven by normal business operations[10] - Net profit for Q3 2024 was CNY 33,674,548.99, compared to CNY 49,918,893.44 in Q3 2023, reflecting a decrease of approximately 32.5%[16] - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 33,905,694.69, a decrease of 33.2% compared to CNY 50,701,127.16 in Q3 2023[17] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.0266, down from CNY 0.0397 in Q3 2023, reflecting a decline of 33.2%[17] Cash Flow and Liquidity - Operating cash flow for the year-to-date was ¥18,406,392.32, a significant increase of 246.70%[6] - Cash inflow from operating activities totaled CNY 238,309,315.79 in Q3 2024, an increase of 18.7% from CNY 200,775,170.07 in Q3 2023[19] - The net cash flow from operating activities was CNY 18,406,392.32, a significant improvement compared to a net outflow of CNY 12,546,544.43 in the same period last year[19] - Cash outflow from investing activities was CNY 14,721,726.70, down 42.5% from CNY 25,478,923.79 in Q3 2023[19] - The net cash flow from financing activities was CNY 59,054,233.57, compared to a net outflow of CNY 3,898,820.65 in Q3 2023, indicating a positive shift in financing[19] - The cash and cash equivalents at the end of Q3 2024 stood at CNY 176,846,843.58, a significant increase from CNY 87,057,385.84 at the end of Q3 2023[19] - The company reported cash and cash equivalents of ¥176,846,843.58 at the end of the reporting period, up from ¥113,705,983.90 at the beginning[13] Assets and Liabilities - Total assets as of the end of the reporting period amounted to ¥807,694,027.77, representing a growth of 13.05% from the end of the previous year[2] - The company's total assets as of Q3 2024 amounted to CNY 807,694,027.77, an increase from CNY 714,469,620.91 year-over-year[15] - Current liabilities totaled CNY 147,092,049.05, significantly higher than CNY 88,019,785.48 in the previous year, marking an increase of about 67%[15] - The total liabilities of the company reached CNY 195,860,716.86, compared to CNY 136,310,858.99 in the previous year, representing an increase of about 43.7%[15] - Shareholder equity increased to ¥613,753,073.60, a rise of 5.85% compared to the previous year-end[2] Investments and Development - The company has made significant investments in new product development in the precision measuring tools sector, enhancing its market share and solidifying its industry leadership[11] - In May 2023, the company acquired Mingke (Shandong) Intelligent Manufacturing Co., entering the automated logistics equipment sector, with multiple procurement projects secured from China Post[11] - The company initiated the research and development of roll-to-roll magnetron sputtering vacuum coating equipment in the second half of 2023, contributing positively to revenue and profit[12] - Research and development expenses for Q3 2024 were CNY 3,490,883.16, indicating ongoing investment in innovation[16] Receivables and Inventory - Accounts receivable increased to ¥54,039,443.96 from ¥38,034,304.82, indicating growth in sales and credit management[13] - The company reported a significant increase in inventory, which rose to CNY 92,910,142.86 from CNY 82,402,545.04, reflecting an increase of approximately 12.2%[14] - The company’s long-term receivables increased by 1056.18%, indicating a rise in installment sales[5] - The company’s long-term equity investments increased to CNY 2,050,747.45 from CNY 915,771.77, showing a growth of approximately 123.5%[14] Credit and Impairment - The company experienced a 90.95% increase in credit impairment losses, primarily due to higher provisions for long-term receivables[6]