盛科通信(688702) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥275,318,592.70, representing a year-on-year increase of 17.69%[2] - The net profit attributable to shareholders for Q3 2024 was a loss of ¥19,308,183.07, a decrease of 340.47% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was -¥0.05, a decline of 350.00% year-on-year[2] - The net profit attributable to shareholders for the year-to-date period was a loss of ¥76,195,307.71, a decrease of 275.21% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 807,514,640.12, a decrease of 7.9% compared to CNY 877,290,490.71 in the same period of 2023[17] - The company reported a net loss of CNY 76,195,307.71 for the first three quarters of 2024, contrasting with a net profit of CNY 43,487,412.24 in the same period of 2023[18] - The net profit attributable to the parent company for the current period is -76,195,307.71 RMB, compared to a profit of 43,487,412.24 RMB in the same period last year, indicating a significant decline[19] - The basic and diluted earnings per share for the current period are both -0.19 RMB, compared to 0.12 RMB in the same period last year[19] Research and Development - The R&D investment for Q3 2024 totaled ¥106,086,554.49, an increase of 31.51% year-on-year, accounting for 38.53% of operating revenue[4] - The company continues to focus on high-end chip R&D and expanding its R&D team to enhance product capabilities and meet customer demands[8] - Research and development expenses surged to CNY 330,194,526.25, compared to CNY 209,531,403.08, marking a significant increase of 57.5%[18] - The company is focusing on expanding its R&D capabilities, as indicated by the significant increase in R&D expenses[18] Assets and Liabilities - The total assets as of the end of Q3 2024 were ¥2,855,789,632.96, a decrease of 9.19% compared to the end of the previous year[4] - Total assets decreased to CNY 2,855,789,632.96 from CNY 3,144,903,168.15, a decline of 9.2%[16] - Current liabilities totaled CNY 527,290,779.16, down from CNY 754,167,987.27, representing a decrease of 30.0%[16] - Non-current liabilities amounted to CNY 10,984,048.98, a decrease from CNY 21,709,853.22, reflecting a decline of 49.3%[16] - The company's total equity decreased to CNY 2,317,514,804.82 from CNY 2,369,025,327.66, a reduction of 2.2%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥57,386,304.29, with no applicable data for the current quarter[4] - The net cash flow from operating activities for the first nine months of 2024 is 57,386,304.29 RMB, a recovery from a negative cash flow of -77,672,351.84 RMB in the same period last year[21] - Cash inflow from operating activities totaled 787,263,894.72 RMB, down from 1,311,843,826.81 RMB in the previous year, reflecting a decrease of approximately 40%[21] - Cash outflow from operating activities decreased to 729,877,590.43 RMB from 1,389,516,178.65 RMB, showing a reduction of about 47%[21] - The net cash flow from investing activities is 548,898,688.15 RMB, a significant improvement from -42,786,201.29 RMB in the same period last year[22] - The net cash flow from financing activities is -156,064,332.40 RMB, compared to a positive cash flow of 2,364,311,184.81 RMB in the same period last year, reflecting a shift in financing strategy[22] - The ending cash and cash equivalents balance is 1,478,221,153.48 RMB, down from 2,613,390,747.11 RMB in the previous year, indicating a decrease of approximately 43%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,392[9] - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 87,172,346 shares, accounting for 21.26% of total shares[10] - The total number of shares held by the top 10 shareholders includes significant stakes from state-owned entities, indicating strong institutional support[10] - The company has no known related party transactions or concerted actions among shareholders, ensuring transparency[11] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12] Operational Insights - The company has established a more stable long-term order mechanism with upstream and downstream partners, reducing revenue volatility starting in 2024[8] - The company received government subsidies amounting to ¥3,067,451.38 during the current period, contributing to its non-recurring gains[5] - There are no additional important reminders regarding the company's operational situation during the reporting period[13] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[23]