Financial Performance - Operating revenue for the first nine months of 2024 was CNY 1,468,141,953.31, representing a growth of 14.88% from CNY 1,278,001,818.83 in the same period of 2023[7] - Net profit attributable to shareholders for the first nine months of 2024 decreased by 17.93% to CNY 35,610,527.14, down from CNY 43,388,282.99 in the previous year[7] - In Q3 2024, operating revenue was CNY 429,231,109.76, a 20.91% increase from CNY 355,011,852.43 in Q3 2023[8] - The company reported a net loss attributable to shareholders of CNY 4,479,706.75 in Q3 2024, a decrease of 147.52% compared to a profit of CNY 9,426,699.90 in Q3 2023[8] - Total operating revenue for the first nine months of 2024 reached ¥1,468,141,953.31, an increase from ¥1,278,001,818.83 in the same period of 2023, representing a growth of approximately 14.85%[30] - The total profit for the first nine months of 2024 was ¥33,339,207.20, down from ¥40,582,509.53 in 2023, indicating a decrease of approximately 17.93%[31] - Total comprehensive income amounted to 37,315,321.74 CNY, compared to 49,801,807.39 CNY in the previous period[34] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was negative CNY 127,746,776.50, a decline of 267.45% compared to CNY 76,291,328.89 in the same period of 2023[7] - Cash flow from operating activities generated a net outflow of -127,746,776.50 CNY, a significant decrease from a net inflow of 76,291,328.89 CNY in the same period last year[35] - Cash inflow from operating activities totaled 1,540,162,523.77 CNY, while cash outflow was 1,667,909,300.27 CNY, resulting in a negative cash flow[35] - Cash flow from investing activities resulted in a net outflow of -40,739,425.67 CNY, compared to -23,552,417.50 CNY in the previous year[36] - Cash flow from financing activities generated a net inflow of 105,743,100.89 CNY, contrasting with a net outflow of -109,295,104.64 CNY in the same period last year[36] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 1,884,066,547.04, an increase of 7.11% compared to CNY 1,758,988,552.49 at the end of 2023[6] - The company's asset-liability ratio (consolidated) as of September 30, 2024, was 55.13%, up from 52.83% at the end of 2023[6] - Total liabilities reached ¥1,038,779,038.04, compared to ¥929,341,223.83, marking a growth of around 11.7%[26] - Current liabilities rose to ¥1,000,383,128.79, up from ¥914,558,369.87, indicating an increase of approximately 9.4%[25] - The company reported a total of ¥1,596,804,778.56 in current assets as of September 30, 2024, an increase from ¥1,489,851,221.35 as of December 31, 2023[23] Shareholder Information - Major shareholders include Zhu Shuiliang with 33.96% and Ling Zhonggen with 10.06% of the shares[17] - There are no pledged or judicially frozen shares among the major shareholders[19] - The total share capital remained at 201,600,000 shares, with no changes during the reporting period[16] Expenses - Sales expenses increased by 34.67% to ¥73,475,331.95, primarily due to efforts to expand the market and an increase in sales service fees by ¥18,915,579.15[12] - Research and development expenses increased to ¥54,209,008.68 in the first nine months of 2024, up from ¥48,748,189.29 in 2023, marking a rise of about 11.03%[30] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 4.25% for the first nine months of 2024, down from 5.17% in the same period of 2023[7] - Basic and diluted earnings per share for the first nine months of 2024 were both ¥0.18, compared to ¥0.22 in the same period of 2023[32] - The company incurred credit impairment losses of ¥-16,647,083.79 in the first nine months of 2024, compared to ¥-13,975,926.23 in 2023, reflecting a deterioration in credit quality[31]
晨光电缆(834639) - 2024 Q3 - 季度财报