Fenda Tech(002681)2024-10-30 11:47Financial Performance - The company's revenue for Q3 2024 was ¥942,885,940.55, representing a 0.57% increase compared to the same period last year[2]. - Net profit attributable to shareholders was ¥67,016,846.91, a decrease of 17.56% year-on-year[2]. - The net profit excluding non-recurring gains and losses was ¥63,383,317.08, down 22.76% from the previous year[2]. - Basic earnings per share decreased by 20.00% to ¥0.04[3]. - Operating revenue for the first nine months of 2024 reached ¥2,353,802,081.28, a year-on-year increase of 2.37% compared to ¥2,299,286,050.20 in 2023, primarily driven by growth in revenue from acoustic products and smart locks[7]. - Total operating revenue for Q3 2024 reached ¥2,353,802,081.28, an increase of 2.4% compared to ¥2,299,286,050.20 in the same period last year[16]. - The net profit for Q3 2024 was CNY 141,309,212.63, a decrease of 10.9% compared to CNY 158,621,126.28 in Q3 2023[17]. - The total operating profit was CNY 153,770,507.38, down from CNY 177,710,668.15 in Q3 2023, indicating a decline of 13.5%[17]. - The company’s total profit for Q3 2024 was CNY 161,073,562.97, a decrease of 13.4% from CNY 185,918,530.04 in Q3 2023[17]. Cash Flow - The operating cash flow for the year-to-date period increased by 27.19% to ¥218,802,361.80[2]. - Net cash flow from operating activities improved by 27.19% to ¥218,802,361.80 in 2024, compared to ¥172,025,568.03 in 2023, mainly due to higher cash receipts from sales[8]. - The net cash flow from investing activities showed a reduction of 20.48%, amounting to -¥275,399,047.76 in 2024, down from -¥346,321,923.67 in 2023, due to fewer rollovers of idle funds[8]. - The net cash flow from financing activities decreased significantly by 113.72% to -¥37,778,179.40 in 2024, compared to ¥275,268,825.52 in 2023, primarily due to increased loan repayments and reduced new loans[8]. - The cash flow from operating activities netted CNY 218,802,361.80, compared to CNY 172,025,568.03 in the previous year, reflecting a growth of 27.2%[18]. Assets and Liabilities - Total assets as of September 30, 2024, increased by 3.88% to ¥4,630,568,088.12 compared to the end of 2023[3]. - The total assets of the company reached ¥4,630,568,088.12, up from ¥4,457,679,183.27, indicating an increase of about 3.9%[15]. - Total liabilities decreased slightly to ¥2,230,393,943.72 from ¥2,263,103,668.66, a reduction of approximately 1.4%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,072, with the top ten shareholders holding significant stakes[9]. - The largest shareholder, Xiao Fen, holds 15.55% of the shares, amounting to 280,666,347 shares, with a substantial portion pledged[9]. Expenses and Impairments - The company reported a 70.13% increase in tax and additional fees, totaling ¥14,166,793.68 in 2024, compared to ¥8,327,061.14 in 2023, mainly due to an increase in value-added tax[7]. - The company experienced a 223.46% increase in credit impairment losses, amounting to ¥6,874,194.26 in 2024, compared to a reversal of -¥5,567,998.59 in 2023, indicating a decrease in provisions for bad debts[7]. - Research and development expenses for the quarter were ¥132,040,345.08, compared to ¥126,626,976.76 in the previous year, reflecting a year-over-year increase of about 4.3%[16]. Receivables and Inventory - Accounts receivable increased by 53.96% to ¥635,288,911.13 due to higher sales in Q3 2024[6]. - Accounts receivable rose significantly to ¥635,288,911.13 from ¥412,622,907.84, marking a year-over-year increase of about 54%[14]. - Inventory levels increased to ¥289,220,439.46 from ¥241,675,923.31, representing a growth of approximately 19.7%[14]. - Prepayments surged by 370.31% to ¥35,623,152.61 as a result of early stockpiling for fourth-quarter orders[6]. - Contract liabilities increased by 122.37% to ¥118,646,654.68, reflecting an increase in advance payments from customers for new projects[6]. - The company reported a significant increase in contract liabilities, which rose to ¥118,646,654.68 from ¥53,356,672.96, indicating a growth of approximately 122%[14]. Investment Income - Investment income surged by 68.82% to ¥4,279,327.08 in 2024, up from ¥2,534,876.31 in 2023, attributed to increased returns from idle funds[7].