Financial Performance - Net profit attributable to shareholders decreased by 31.27% to ¥41,111,499.74 for the first nine months of 2024, down from ¥59,814,968.10 in the same period of 2023[4] - Operating revenue for the first nine months of 2024 was ¥216,782,388.60, a decline of 14.33% from ¥253,044,153.18 in the previous year[4] - Basic earnings per share decreased by 30.77% to ¥0.27 from ¥0.39 year-on-year[4] - The company's net profit for the current period is 40,830,726.87, a decrease from 60,187,830.65 in the previous period, representing a decline of approximately 32.2%[28] - The total profit for the current period is 46,678,416.91, down from 70,900,596.06, indicating a decrease of about 34.1%[28] - Operating income for the current period is 142,598,325.91, compared to 170,920,131.30 in the same period last year, reflecting a decline of approximately 16.6%[30] - The company's operating profit is reported at 46,656,479.08, down from 70,630,989.34, which is a decrease of around 33.9%[28] - Basic and diluted earnings per share are both reported at 0.27, down from 0.39 in the previous period, indicating a decline of approximately 30.8%[29] Cash Flow - The net cash flow from operating activities was negative at -¥15,642,087.28, worsening by 83.97% compared to -¥8,502,616.43 in the same period last year[4] - The company reported a net cash flow from operating activities of 8,674,915.48 CNY for the first nine months of 2024, a recovery from -7,647,018.14 CNY in the same period of 2023[34] - Total cash inflow from investment activities decreased to 471,837,462.61 CNY in 2024 from 692,535,873.40 CNY in 2023, reflecting a significant drop of approximately 31.8%[33] - Cash outflow from investment activities was 367,691,745.20 CNY in 2024, down from 801,175,504.50 CNY in 2023, showing a reduction of about 54.1%[33] - Net cash flow from investment activities improved to 104,145,717.41 CNY in 2024, compared to -108,639,631.10 CNY in 2023, indicating a positive turnaround[33] - Cash and cash equivalents at the end of September 2024 were 241,642,909.50 CNY, down from 372,851,330.61 CNY in 2023, a decrease of approximately 35.2%[33] - Cash inflow from sales of goods and services was 227,579,543.65 CNY in 2024, down from 265,275,452.43 CNY in 2023, reflecting a decline of about 14.2%[32] - Total cash outflow from operating activities was 253,820,736.18 CNY in 2024, compared to 284,426,465.25 CNY in 2023, indicating a reduction of approximately 10.7%[32] - The net increase in cash and cash equivalents for the first nine months of 2024 was -113,843,939.43 CNY, compared to -174,871,388.17 CNY in 2023, showing an improvement in cash management[33] Assets and Liabilities - Total assets decreased by 19.78% to ¥886,372,802.37 as of September 30, 2024, compared to ¥1,104,933,440.87 at the end of 2023[4] - The total liabilities to assets ratio increased to 40.84% from 38.95% year-on-year[4] - The company's equity attributable to shareholders decreased to CNY 520.48 million from CNY 670.33 million[23] - Total liabilities decreased to CNY 204,729,012.02 from CNY 236,033,119.45, a reduction of 13.3%[25] - Current assets decreased to CNY 762.85 million from CNY 972.46 million, primarily due to a reduction in cash and cash equivalents[20] - The company's cash and cash equivalents were CNY 681.71 million, down from CNY 820.49 million[20] - The company's non-current liabilities decreased to CNY 9.59 million from CNY 15.98 million[22] - The company's accounts payable decreased to CNY 14.52 million from CNY 23.86 million[22] Investments and Acquisitions - The company’s capital reserve decreased by 60.24% to ¥99,381,339.48 due to the acquisition of a 100% stake in Guangdong Electromechanical Equipment Tendering Center Co., Ltd.[5] - Investment income fell by 53.98% to ¥1,228,151.89, primarily due to a decrease in financial management income[5] - The company purchased 100% equity of Guangdong Provincial Electromechanical Equipment Bidding Center Co., Ltd. for CNY 147.89 million[18] - The company completed the acquisition process and related business registration changes on April 16, 2024[18] Shareholder Information - The top shareholder, Guangdong Yuxin Asset Management Co., Ltd., holds 32.41% of the shares, totaling 49,852,000 shares[10] - There were no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[14] - The company reported ongoing related party transactions, with expected amounts for purchasing raw materials and services totaling CNY 9,750,000 and CNY 30,000,000 respectively[17] Research and Development - Research and development expenses for the first nine months of 2024 were CNY 12,817,675.37, slightly up from CNY 12,661,913.22 in the same period of 2023[27] - Research and development expenses increased to 8,515,300.33 from 7,515,742.44, marking an increase of about 13.3%[30]
国义招标(831039) - 2024 Q3 - 季度财报