Financial Performance - The company's revenue for Q3 2024 was ¥101,860,017.31, representing a 5.70% increase year-over-year[2] - The net profit attributable to shareholders decreased by 21.44% to ¥36,810,384.60 in Q3 2024[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,333,331.95, down 20.66% compared to the same period last year[2] - Total operating revenue for Q3 2024 was CNY 273,380,370.86, an increase of 4.9% compared to CNY 261,561,133.72 in Q3 2023[12] - Net profit for Q3 2024 was CNY 110,652,415.92, a decrease of 10% from CNY 122,987,353.65 in Q3 2023[13] - Basic earnings per share for Q3 2024 was CNY 0.08, down from CNY 0.09 in Q3 2023[13] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,396,904,822.71, a decrease of 0.94% from the end of the previous year[2] - As of September 30, 2024, the company's total assets amounted to CNY 3,396,904,822.71, a decrease from CNY 3,429,029,157.68 at the beginning of the period[9] - The company's total current liabilities decreased to CNY 283,532,931.82 from CNY 320,477,192.52, reflecting a reduction of approximately 11.5%[10] - The total non-current assets increased to CNY 2,548,141,381.52 from CNY 2,422,105,700.34, showing an increase of about 5.2%[9] - The company's total equity rose to CNY 2,830,208,898.15 from CNY 2,820,058,882.23, a slight increase of approximately 0.4%[10] Cash Flow - The company reported a net cash flow from operating activities of ¥89,579,451.63, which increased by 17.39% year-to-date[2] - The net cash flow from operating activities for Q3 2024 was ¥89,579,451.63, an increase from ¥76,306,484.60 in Q3 2023, representing a growth of approximately 17.5%[14] - Cash inflow from investment activities totaled ¥1,737,047,240.09, compared to ¥2,281,466,776.64 in the same period last year, indicating a decrease of about 23.9%[14] - The net cash flow from financing activities was -¥100,992,400.00, worsening from -¥72,211,452.40 in Q3 2023, reflecting a decline of approximately 39.8%[15] - The total cash and cash equivalents at the end of Q3 2024 reached ¥197,670,077.38, up from ¥141,050,688.20 at the end of Q3 2023, marking an increase of about 40.1%[15] Expenses - Total operating costs for Q3 2024 were CNY 161,388,634.36, up 16.3% from CNY 138,757,453.74 in Q3 2023[12] - Research and development expenses for Q3 2024 were CNY 11,063,347.16, an increase of 14.6% from CNY 9,654,299.09 in Q3 2023[12] - Sales expenses for Q3 2024 rose to CNY 5,124,175.12, up 77.5% from CNY 2,884,876.90 in Q3 2023[12] - Management expenses increased to CNY 57,686,663.45, a rise of 24.9% compared to CNY 46,203,264.98 in Q3 2023[12] Shareholder Information - The top shareholder, China Automotive Technology Research Center Co., Ltd., holds 41.97% of the shares, while Jiangsu Yueda Group Co., Ltd. holds 29.25%[6] Other Financial Metrics - The weighted average return on equity was 1.31%, down 0.39% from the previous year[2] - The company experienced a decrease in financial income of approximately ¥6 million due to the gradual investment of raised funds into the construction of the intelligent connected vehicle testing ground[5] - The depreciation costs increased by approximately ¥11 million as most assets of the testing ground began to be depreciated from July 2024[5] - The company is in the ramp-up phase for the testing ground, and current revenues are insufficient to cover costs[5] - The company's inventory decreased to CNY 1,051,909.50 from CNY 1,230,542.65, representing a decline of about 14.5%[9] - The company reported a profit increase in retained earnings to CNY 336,419,926.17 from CNY 326,269,910.25, an increase of approximately 3.5%[10] - The company's financial liabilities, including short-term borrowings, were not detailed in the provided data, indicating a focus on other financial metrics[10] - The company has not disclosed any new product developments or market expansion strategies in the current report[11]
中汽股份(301215) - 2024 Q3 - 季度财报