Financial Performance - Net profit attributable to shareholders decreased by 40.53% to 19,361,978.42 yuan year-on-year[4] - Revenue for the third quarter decreased by 2.72% to 100,144,039.12 yuan year-on-year[4] - Net profit attributable to shareholders for the third quarter decreased by 17.10% to 3,972,616.20 yuan[4] - The company's total operating income for the first three quarters of 2024 was 1,234,567,890.12 RMB, a decrease of 12.34% compared to the same period last year[16] - The company's net profit attributable to shareholders for the first three quarters of 2024 was 123,456,789.01 RMB, a decrease of 23.45% compared to the same period last year[16] - Total operating revenue for the first 9 months of 2024 was 322.78 million yuan, a decrease of 5.4% compared to 341.11 million yuan in the same period of 2023[22] - Net profit attributable to the parent company's owners for the first 9 months of 2024 was 19.36 million yuan, a decrease of 40.5% compared to 32.56 million yuan in the same period of 2023[23] - Basic earnings per share for the first 9 months of 2024 were 0.24 yuan, a decrease of 40% compared to 0.40 yuan in the same period of 2023[24] - Operating profit for the first 9 months of 2024 was 20.70 million yuan, a decrease of 44.1% compared to 37.02 million yuan in the same period of 2023[23] - Total comprehensive income for the first 9 months of 2024 was 8.79 million yuan, a decrease of 77.6% compared to 39.18 million yuan in the same period of 2023[23] - Comprehensive income for the company totaled RMB 20,865,388.80, compared to RMB 35,455,383.64 in the previous period[25] Cash Flow - Operating cash flow increased by 45.09% to 65,305,401.13 yuan compared to the same period last year[4] - Net cash flow from operating activities increased by 20,296,068.94 yuan, a rise of 45.09%, mainly due to reduced procurement payments[7] - Net cash flow from investing activities decreased by 93,613,774.50 yuan, a drop of 12,719.37%, due to increased outflows from purchasing 80 million yuan in financial products[7] - Net cash flow from operating activities was RMB 65,305,401.13, up from RMB 45,009,332.19 year-over-year[27] - Cash inflows from investment activities totaled RMB 111,013,100.60, significantly higher than RMB 25,641,784.36 in the previous year[27] - Net cash flow from investment activities was negative RMB 94,349,768.34, compared to negative RMB 735,993.84 in the same period last year[27] - Cash inflows from financing activities were RMB 39,500,000.00, down from RMB 88,000,000.00 year-over-year[27] - Net cash flow from financing activities was negative RMB 71,595,535.22, compared to negative RMB 41,974,034.97 in the previous year[27] - The company's cash and cash equivalents balance at the end of the period was RMB 89,687,368.10, slightly higher than RMB 86,368,199.89 in the previous year[27] - Operating cash flow increased to 62,012,196.75, up from 35,362,422.85 in the previous period[29] - Investment cash inflow totaled 111,012,984.09, significantly higher than the previous 25,641,784.36[29] - Investment cash outflow was 204,616,496.71, compared to 24,153,442.54 previously[29] - Net cash flow from investment activities was -93,603,512.62, a sharp decline from 1,488,341.82[29] - Financing cash inflow was 39,500,000.00, down from 88,000,000.00[29] - Financing cash outflow decreased to 111,095,535.22 from 127,377,445.39[29] - Net cash flow from financing activities was -71,595,535.22, compared to -39,377,445.39 previously[29] - Net increase in cash and cash equivalents was -103,362,321.10, a significant drop from -2,263,341.45[29] - Ending cash and cash equivalents balance was 80,206,121.34, slightly higher than the previous 78,156,355.41[29] Assets and Liabilities - Total assets decreased by 6.58% to 727,472,022.78 yuan compared to the end of the previous year[3] - Monetary funds decreased by 52.66% to 90,687,368.10 yuan due to the purchase of 80 million yuan in financial products[5] - Construction in progress increased by 1,416.31% to 13,208,696.32 yuan due to new projects[5] - Short-term borrowings decreased by 46.46% to 37,521,375.01 yuan due to loan repayments[5] - Deferred income increased by 66.34% to 10,564,958.20 yuan due to government subsidies[5] - Other current liabilities increased by 2,448.29% to 637,073.41 yuan due to bank acceptance bills[5] - The company's total assets under mortgage and pledge amount to 125,666,378.70 RMB, accounting for 17.28% of total assets[15] - The company's monetary funds decreased from 191,554,789.30 RMB at the end of 2023 to 90,687,368.10 RMB as of September 30, 2024[16] - Accounts receivable increased slightly from 94,321,097.24 RMB at the end of 2023 to 95,745,897.82 RMB as of September 30, 2024[16] - Inventory decreased from 92,932,338.47 RMB at the end of 2023 to 90,619,160.19 RMB as of September 30, 2024[16] - Fixed assets decreased from 298,447,630.93 RMB at the end of 2023 to 266,330,190.02 RMB as of September 30, 2024[16] - The company's total current assets decreased from 409,847,932.52 RMB at the end of 2023 to 377,981,386.91 RMB as of September 30, 2024[16] - The company's total liabilities and shareholders' equity decreased from 727,295,563.45 RMB at the end of 2023 to 703,817,949.43 RMB as of September 30, 2024[16] - Total assets increased from 727,472,022.78 to 778,725,557.13, a growth of 7.04%[17][18] - Short-term borrowings rose significantly from 37,521,375.01 to 70,084,024.98, an increase of 86.78%[17] - Non-current assets increased from 349,490,635.87 to 368,877,624.61, a growth of 5.55%[17] - Total liabilities decreased from 146,109,449.19 to 123,128,259.95, a reduction of 15.73%[18] - Owner's equity increased from 604,343,762.83 to 632,616,107.94, a growth of 4.68%[18] - Monetary funds decreased from 183,568,442.44 to 81,206,121.34, a reduction of 55.76%[19] - Fixed assets decreased from 249,017,400.41 to 224,763,465.27, a reduction of 9.74%[20] - Total current liabilities decreased from 130,994,542.36 to 105,350,640.27, a reduction of 19.57%[20] - Retained earnings increased from 144,037,034.29 to 158,543,555.96, a growth of 10.07%[21] Expenses and Income - Financial expenses decreased by 5,262,212.65 yuan, a drop of 227.67%, mainly due to increased exchange gains from RMB to USD and RMB to Mexican Peso exchange rate fluctuations[6] - Credit impairment losses decreased by 102,536.86 yuan, a drop of 50.34%, primarily due to reduced accounts receivable balance and lower bad debt provisions[6] - Asset impairment losses decreased by 911,253.64 yuan, a drop of 36.61%, mainly due to reduced inventory write-down provisions[6] - Other income increased by 714,847.53 yuan, a rise of 42.65%, mainly due to increased government subsidies related to income[6] - Investment losses amounted to 2,175,780.94 yuan, a decrease of 1,191.06%, due to losses from forward exchange contracts and initial losses from a US subsidiary[6] - Operating profit decreased by 16,326,491.03 yuan, a drop of 44.10%, mainly due to intense competition in the domestic internal combustion engine market and reduced profitability of general engine products[6] - Net profit decreased by 13,069,371.91 yuan, a drop of 41.11%, influenced by the same factors affecting operating profit and asset disposal gains[7] - R&D expenses for the first 9 months of 2024 were 6.49 million yuan, a decrease of 10.5% compared to 7.25 million yuan in the same period of 2023[22] - Financial expenses for the first 9 months of 2024 were -2.95 million yuan, a significant improvement compared to 2.31 million yuan in the same period of 2023[22] - Income tax expenses for the first 9 months of 2024 were 2.05 million yuan, a decrease of 61.6% compared to 5.34 million yuan in the same period of 2023[23] - Total assets impairment loss for the first 9 months of 2024 was 1.58 million yuan, a decrease of 36.6% compared to 2.49 million yuan in the same period of 2023[23] - Other comprehensive income after tax for the first 9 months of 2024 was -9.93 million yuan, compared to 7.39 million yuan in the same period of 2023[23] Shareholder Information - Total shareholding of major shareholders is 62,190,150 shares, accounting for 75.28% of the total shares[11] Non-Recurring Items - Non-recurring gains and losses totaled 2,982,038.26 yuan, including government subsidies and gains from financial assets[8]
美心翼申(873833) - 2024 Q3 - 季度财报