KINGSEMI(SH:688037)2024-10-22 10:04Financial Performance - Revenue for Q3 2024 was approximately ¥411 million, a decrease of 19.55% year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was approximately ¥31.5 million, down 62.74% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was approximately ¥4.3 million, a decline of 94.53% year-over-year[2] - The basic earnings per share for Q3 2024 was ¥0.16, down 73.77% from the same period last year[3] - In Q3 2024, the company's net profit was CNY 105,025,056.60, a decrease of 52.3% compared to CNY 220,228,079.32 in the same period last year[15] - The total profit for the period was CNY 121,577,354.32, down from CNY 250,041,100.25, reflecting a decline of 51.4% year-over-year[15] - Operating profit for Q3 2024 was CNY 118,514,600.61, compared to CNY 249,885,985.00 in Q3 2023, indicating a decrease of 52.5%[15] - The total comprehensive income for Q3 2024 was CNY 104,689,802.18, compared to CNY 219,909,675.33 in Q3 2023, reflecting a decline of 52.4%[15] Research and Development - R&D expenses for the year-to-date period reached approximately ¥191.9 million, an increase of 57.77% compared to the previous year[3] - R&D expenses accounted for 18.22% of revenue in Q3 2024, an increase of 9.48 percentage points year-over-year[3] - Research and development expenses rose significantly to CNY 191,903,421.65, compared to CNY 121,634,204.67, marking an increase of approximately 57.7%[14] Assets and Liabilities - Total assets as of the end of Q3 2024 were approximately ¥5.02 billion, an increase of 16.81% from the end of the previous year[3] - Total assets increased to CNY 5,024,817,553.99 as of September 30, 2024, compared to CNY 4,301,555,628.29 at the end of 2023, reflecting a growth of approximately 16.8%[12] - The company's total liabilities reached CNY 2,491,937,178.29, up from CNY 1,918,589,289.96, indicating a growth of about 29.8%[14] - The total non-current liabilities amounted to CNY 1,061,272,242.99, up from CNY 540,903,577.94, indicating an increase of approximately 96.1%[14] - Shareholders' equity attributable to the parent company increased to CNY 2,524,968,070.55 from CNY 2,380,440,281.77, representing a growth of approximately 6.1%[14] Cash Flow - The company reported a net cash flow from operating activities of approximately ¥189.8 million year-to-date, a significant improvement compared to the previous year[6] - Cash flow from operating activities for the first nine months of 2024 was CNY 1,327,396,095.32, up 41.5% from CNY 937,469,247.63 in the same period of 2023[17] - The net cash flow from investing activities was negative CNY 86,512,079.69, an improvement from negative CNY 635,827,758.96 in the previous year[18] - The company's cash and cash equivalents position remains strong, supporting ongoing operations and potential future investments[13] - Cash and cash equivalents amounted to CNY 1,155,237,392.83, compared to CNY 742,950,819.48, marking an increase of around 55.5%[11] - The cash and cash equivalents at the end of the period increased to CNY 1,102,617,645.66 from CNY 480,198,031.78, showing a significant improvement[18] Shareholder Information - The company reported a total of 15,984 common shareholders at the end of the reporting period[8] - The largest shareholder, Liaoning Kefa Industrial Co., Ltd., holds 21,315,832 shares, accounting for 10.61% of total shares[9] - The company has no restricted shares held by the top ten shareholders[10] - The report indicates no significant changes in the participation of major shareholders in securities lending or margin trading activities[11] Operating Performance - Total operating revenue for the first three quarters of 2024 was CNY 1,104,608,445.34, a decrease of approximately 8.4% compared to CNY 1,206,481,033.91 in the same period of 2023[14] - Total operating costs increased to CNY 1,131,226,214.32, up from CNY 1,023,137,827.04, reflecting a rise of about 10.6%[14] - The company reported a significant increase in sales expenses, which rose to CNY 123,274,743.88 from CNY 95,551,901.96, reflecting a growth of about 29.0%[14] Other Information - The company did not report any net profit from subsidiaries under common control during the current or previous periods[16] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[13]