怡达股份(300721) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was ¥458,882,700.67, a decrease of 5.33% year-over-year, while year-to-date revenue reached ¥1,330,711,783.62, down 2.44% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥1,810,964.85, an increase of 10.27% year-over-year, with year-to-date net profit at ¥14,426,402.31, up 129.35% compared to the previous year[3] - The company reported a basic earnings per share of ¥0.0111 for Q3 2024, a decrease of 78.40% year-over-year, while year-to-date basic earnings per share was ¥0.0883, up 124.80%[3] - Total operating revenue for the current period is ¥1,330,711,783.62, a decrease of 2.4% compared to ¥1,363,931,958.39 in the previous period[15] - Net profit for the current period is ¥6,068,843.65, a significant recovery from a net loss of ¥63,165,099.10 in the previous period[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥119,521,220.77, a significant increase of 2,476.68% year-over-year[6] - The net cash flow from operating activities for Q3 2024 was ¥119,521,220.77, a significant increase from ¥4,638,579.41 in Q3 2023, indicating improved operational efficiency[19] - Total cash inflow from operating activities reached ¥1,385,304,309.57, compared to ¥1,276,791,966.36 in the same period last year, reflecting a year-over-year growth of approximately 8.5%[19] - The cash outflow from operating activities was ¥1,265,783,088.80, slightly decreased from ¥1,272,153,386.95 in Q3 2023, showing better cost management[19] - The net cash flow from investing activities was -¥57,522,809.20, an improvement from -¥122,326,800.07 in Q3 2023, indicating reduced capital expenditures[19] - Cash inflow from financing activities totaled ¥827,479,875.00, down from ¥876,325,691.07 in the previous year, reflecting a decrease in new borrowings[20] - The net cash flow from financing activities was -¥50,098,240.30, contrasting with a positive cash flow of ¥87,453,340.83 in Q3 2023, indicating a shift in financing strategy[20] - The ending balance of cash and cash equivalents increased to ¥165,322,512.89 from ¥236,943,126.78 in Q3 2023, showing a decrease in liquidity[20] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,590,901,390.59, a decrease of 1.73% from the end of the previous year[3] - The company’s equity attributable to shareholders was ¥1,223,181,280.34, a slight increase of 0.12% compared to the end of the previous year[3] - The total liabilities and equity amount to ¥2,590,901,390.59, a decrease from ¥2,636,590,130.65 in the previous period[14] - The company's total current liabilities decreased to ¥1,247,572,097.47 from ¥1,332,355,121.53, a reduction of 6.4%[14] - The total non-current liabilities decreased to ¥98,412,912.74 from ¥52,464,328.18, indicating a significant change in the company's long-term financial obligations[14] Operational Efficiency - The company’s management reported a significant increase in sales volume for alcohol ether and alcohol ether ester products, contributing to improved gross profit margins[7] - The company is advancing the technical transformation project for its epoxy propane facility, aiming to achieve production and sales as soon as possible[7] - The company plans to enhance its profitability and operational performance by leveraging the advantages of the upstream and downstream industrial chain of epoxy propane[7] - Research and development expenses decreased to ¥15,571,710.39 from ¥18,679,027.31, indicating a reduction of 16.8%[16] - The company reported a cash outflow of ¥39,514,426.09 related to other operating activities, down from ¥57,884,681.63 in the same period last year, indicating improved operational efficiency[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,876[8] - Liu Zhun holds 20.80% of shares, totaling 34,295,684 shares[9] - Liu Zhun and Shen Guixiu signed a concerted action agreement to align on company matters[10] Subsidiaries and Projects - The company established a wholly-owned subsidiary, Wuxi Yisu Trading Co., Ltd., with a registered capital of ¥2 million[11] - The company is progressing on the "220,000 tons/year epoxy propylene (ethylene) derivative technical transformation project" with necessary approvals obtained[11]