Financial Performance - Revenue for Q3 2024 reached ¥119,308,734.90, an increase of 6.91% year-over-year, while year-to-date revenue totaled ¥346,854,432.32, up 22.95% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥13,699,086.88, reflecting a 31.38% increase year-over-year, with a year-to-date net profit of ¥33,313,100.45, up 16.24%[2]. - Basic earnings per share for Q3 2024 were ¥0.2192, a 34.89% increase compared to the same period last year, while diluted earnings per share were ¥0.2180, up 34.15%[2]. - Total operating revenue for Q3 2024 reached CNY 346,854,432.32, an increase of 22.9% compared to CNY 282,120,699.37 in the same period last year[14]. - Net profit for Q3 2024 was CNY 33,313,100.45, compared to CNY 28,659,921.34 in Q3 2023, representing a growth of 16.5%[15]. - The total comprehensive income attributable to the parent company for Q3 2024 was ¥33,313,100.45, an increase from ¥28,659,921.34 in the same period last year, representing a growth of approximately 16.5%[16]. - Basic earnings per share for Q3 2024 were ¥0.5304, compared to ¥0.4468 in Q3 2023, reflecting an increase of about 18.7%[16]. Assets and Liabilities - Total assets as of September 30, 2024, were ¥981,835,805.31, a decrease of 3.31% from the end of the previous year, and total equity attributable to shareholders was ¥800,058,481.68, down 5.08%[2]. - The company's total assets decreased to CNY 981,835,805.31 from CNY 1,015,494,458.83, a decline of 3.3%[14]. - Total liabilities increased to CNY 181,777,323.63, compared to CNY 172,602,286.92, marking a rise of 5.1%[14]. - The equity attributable to shareholders of the parent company was CNY 800,058,481.68, a decrease from CNY 842,892,171.91, reflecting a decline of 5.1%[14]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥22,179,512.06, showing a decline of 12.81% compared to the same period last year[2]. - Cash inflow from operating activities for the current period was ¥153,442,200.34, up from ¥124,284,113.46 in the previous year, indicating a growth of approximately 23.5%[18]. - The net cash flow from operating activities decreased to ¥22,179,512.06 from ¥25,437,039.49 year-on-year, a decline of about 12.3%[18]. - Cash inflow from investment activities totaled ¥215,188,600.00, significantly higher than ¥50,415,084.73 in the previous year, marking an increase of approximately 326.5%[18]. - The net cash flow from investment activities improved to ¥17,711,952.47 from a negative ¥19,429,968.87 year-on-year[18]. - The company reported a net cash outflow from financing activities of ¥64,655,294.25, compared to a net outflow of ¥26,122,208.33 in the previous year, indicating a worsening of cash flow by approximately 147.5%[18]. Expenses - Research and development expenses increased by 30.40% year-over-year to ¥13,777,240.87, primarily due to increased share-based payment expenses and outsourced R&D costs[7]. - Sales expenses rose by 45.86% year-over-year to ¥3,628,455.92, attributed to increased share-based payment expenses and new product promotion costs[7]. - Total operating costs amounted to CNY 309,114,142.90, up from CNY 249,554,762.36, reflecting a year-over-year increase of 23.8%[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,567[9]. - The largest shareholder, Wang Chenghui, holds 47.01% of the shares, totaling 30,338,833 shares[9]. - The company’s major shareholder, Fujian Huaxing Venture Investment Co., Ltd., holds 11.01% of the shares, totaling 7,106,667 shares[9]. - The company’s total restricted shares at the beginning of the period were 34,978,333, with 4,680,000 shares released during the period[10]. - The company has a total of 33,962,458 restricted shares remaining at the end of the period[10]. - The total number of shares increased from 64.15 million to 64.54 million after the listing of 390,000 shares from the stock incentive plan[11]. - The company’s stock incentive plan was approved, allowing for the release of shares based on performance conditions[11]. Other Financial Information - The company reported a net loss from the disposal of non-current assets of ¥162,362.75, mainly due to losses from terminated fundraising projects[3]. - The company experienced a significant increase in other payables, which rose by 8402.52% to ¥18,940,364.48, primarily due to unpaid cash dividends for the first half of 2024[6]. - The company’s investment income decreased by 95.81% year-over-year to ¥12,788.14, mainly due to losses from investments in Fujian Bozhong New Materials Co., Ltd.[7]. - The company’s financial assets decreased from ¥50,894,000.00 to zero during the reporting period[12]. - Cash and cash equivalents at the end of the reporting period amounted to ¥490,704,837.02, down from ¥527,274,000.74 at the beginning of the period[12]. - Cash and cash equivalents at the end of the period were ¥260,354,295.36, down from ¥517,870,078.74 in the same period last year, a decrease of about 49.7%[19].
远翔新材(301300) - 2024 Q3 - 季度财报