Financial Performance - The company's revenue for Q3 2024 was CNY 117,416,963.43, representing a 4.98% increase year-over-year[2] - The net profit attributable to shareholders decreased by 24.78% to CNY 11,244,967.40 in Q3 2024[2] - The net profit after deducting non-recurring gains and losses fell by 33.96% to CNY 9,431,976.17 for the same period[2] - The decline in net profit was attributed to increased expenses, particularly from the new silicon-based materials division and fluctuations in foreign exchange gains and losses[5] - The company reported a decrease in gross profit margin for product sales compared to the same period last year[5] - Net profit for Q3 2024 was ¥56,102,946.58, a decrease of 5.7% from ¥59,315,913.97 in Q3 2023[17] - The net profit attributable to the parent company for Q3 2024 is CNY 56,102,946.58, compared to CNY 59,315,913.97 in the previous period, reflecting a decrease of approximately 3.7%[18] - The total comprehensive income for Q3 2024 is CNY 56,102,946.58, compared to CNY 59,315,913.97 in the previous period, reflecting a decrease of about 3.7%[18] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 87.92% to CNY 8,756,516.33 year-to-date[2] - Cash flow from operating activities for Q3 2024 is CNY 8,756,516.33, significantly lower than CNY 72,467,693.56 in the same period last year, representing a decrease of approximately 88.9%[20] - Total cash and cash equivalents at the end of Q3 2024 amount to CNY 365,031,119.08, an increase from CNY 84,916,849.71 at the end of the previous period[21] - The net increase in cash and cash equivalents for Q3 2024 is CNY 237,156,430.71, contrasting with a decrease of CNY 39,289,694.53 in the previous period[21] - The company received CNY 11,388,895.21 in tax refunds during Q3 2024, up from CNY 7,741,028.35 in the previous period, indicating an increase of approximately 47.5%[20] Assets and Equity - The total assets increased by 46.57% to CNY 1,164,430,122.24 compared to the end of the previous year[2] - The equity attributable to shareholders rose by 57.90% to CNY 922,419,673.21 year-over-year[2] - The increase in total assets was primarily due to funds raised from a successful new share issuance and the recognition of high-value right-of-use assets from a new lease[5][6] - Total assets increased to ¥1,164,430,122.24, compared to ¥794,439,128.92 in the previous year, reflecting a growth of 46.5%[15] - The company's equity attributable to shareholders reached ¥922,419,673.21, up from ¥584,173,748.57, representing a significant increase of 57.9%[15] Shareholder Information - The top ten shareholders hold a total of 48,329,900 shares, with the largest individual shareholder, Lu Kaiping, holding 19,890,000 shares[10] - The company reported a total of 3,003,000 shares held by Lu Runchu, representing 4.66% of the total shares[9] - The company has a total of 5,564,000 shares held by Mai Youpan, which are subject to lock-up until September 30, 2025[11] - The company has not reported any changes in the number of restricted shares during the current period[10] Market Activity - The company completed its initial public offering (IPO) on September 30, 2024, issuing 16,110,000 shares at a price of RMB 21.12 per share, raising a total of RMB 340.24 million, with a net amount of RMB 277.21 million after expenses[12] - The company’s stock is now listed on the Shenzhen Stock Exchange's Growth Enterprise Market, enhancing its market visibility and access to capital[12] - The company has established a strategic relationship with several key investors, including Morgan Stanley, which holds 70,907 shares[9] Operational Costs and Investments - Total operating revenue for Q3 2024 reached ¥414,106,849.37, an increase of 7.5% compared to ¥384,719,251.25 in Q3 2023[16] - Total operating costs for Q3 2024 were ¥350,651,217.90, up from ¥319,861,331.18 in the same period last year, reflecting a year-on-year increase of 9.6%[17] - Research and development expenses for Q3 2024 were ¥20,641,921.02, up 11.8% from ¥18,454,998.12 in Q3 2023[17] - Cash inflow from investment activities for Q3 2024 is CNY 61,617,283.93, compared to CNY 20,137,772.39 in the previous period, showing an increase of approximately 205.5%[20] - Cash flow from financing activities for Q3 2024 is CNY 294,765,841.45, a significant improvement from a net outflow of CNY 7,226,132.50 in the same period last year[20] Audit and Reporting - The company has not undergone an audit for the Q3 2024 report[22] - The company has not disclosed any new product developments or technological advancements in this reporting period[12]
长联科技(301618) - 2024 Q3 - 季度财报