泰和科技(300801) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was CNY 568,667,873.25, a decrease of 4.62% year-over-year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 29,497,678.55, down 46.74% compared to the same period last year[3] - Year-to-date net profit attributable to shareholders decreased by 27.61% to CNY 83,749,098.13[3] - Basic and diluted earnings per share for Q3 2024 were CNY 0.1370, a decline of 47.71% year-over-year[3] - The decline in net profit was primarily due to lower sales prices and gross margins compared to the previous year[6] - The total comprehensive income for Q3 2024 was CNY 84,755,943.13, down from CNY 127,191,235.28 in the same period last year, reflecting a decline of 33.4%[18] - The net profit for Q3 2024 was CNY 83,749,098.13, a decrease of 27.6% compared to CNY 115,694,566.99 in Q3 2023[17] - The company reported a decrease in total profit to CNY 100,735,852.14 in Q3 2024, down from CNY 141,736,576.00 in Q3 2023, a decline of 29.0%[17] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.3962, compared to CNY 0.5442 in Q3 2023, representing a decrease of 27.2%[18] Cash Flow and Assets - Operating cash flow for the year-to-date period increased by 68.06% to CNY 206,247,400.61[3] - Cash flow from operating activities for Q3 2024 was CNY 206,247,400.61, an increase of 68.0% from CNY 122,719,539.15 in Q3 2023[19] - Cash inflow from investment activities totaled CNY 1,681,108,663.51 in Q3 2024, up from CNY 1,037,782,077.77 in Q3 2023, indicating a growth of 62.0%[19] - The net cash flow from investment activities was -CNY 352,648,138.51 for Q3 2024, compared to -CNY 309,468,664.12 in Q3 2023, showing a worsening of 13.9%[19] - Cash and cash equivalents at the end of Q3 2024 were CNY 186,059,516.06, compared to CNY 166,586,551.32 at the end of Q3 2023, reflecting an increase of 11.0%[19] - Total assets as of the end of Q3 2024 were CNY 3,262,335,021.23, reflecting a 4.64% increase from the end of the previous year[3] - The company's total assets increased to RMB 3,262,335,021.23 from RMB 3,117,749,142.07, reflecting a growth of approximately 4.6%[15] - The company's cash and cash equivalents decreased to RMB 308,298,438.46 from RMB 473,243,039.26, a decline of approximately 34.9%[13] - The company's inventory increased to RMB 203,921,399.74 from RMB 185,973,180.80, representing a growth of about 9.7%[14] Shareholder Information - Shareholders' equity attributable to shareholders was CNY 2,386,106,368.96, a slight increase of 0.62% from the previous year[3] - As of September 30, 2024, the company repurchased 3,125,900 shares, not included in the top 10 shareholders list[8] - The company’s major shareholder, Cheng Zhongfa, holds 78,022,200 restricted shares, with 867,675 shares added during the period[9] - The total number of restricted shares at the end of the period is 84,312,945, with 1,391,430 shares added during the period[10] - The company’s stock repurchase plan is aimed at enhancing shareholder value and stabilizing the stock price[11] - The total number of shares held by the top 10 shareholders includes significant holdings by Cheng Zhongfa and other related parties[8] - The company’s management has restrictions on transferring shares, limiting annual transfers to 25% of their holdings[10] Operational Plans and Changes - The company plans to focus on improving operational efficiency and exploring new market opportunities moving forward[6] - The company plans to invest 410 million RMB in an industrial chain expansion project within the existing factory area[11] - The company authorized the liquidation of its wholly-owned subsidiary, Shandong Fengyi Taihe Technology Co., Ltd., as of September 2, 2024[12] - The company appointed Ms. Yao Ya as the board secretary, effective from the date of the board resolution[11] - The company’s major shareholders completed their shareholding increase plan by August 29, 2024[11] Costs and Expenses - Total operating costs for the current period were RMB 1,559,863,689.48, compared to RMB 1,504,000,831.44 in the previous period, indicating an increase of about 3.7%[16] - The company recorded a tax expense of CNY 16,986,754.01 in Q3 2024, down from CNY 26,042,009.01 in Q3 2023, a decrease of 34.8%[17] - The company's long-term equity investments increased slightly to RMB 19,195,594.72 from RMB 18,612,331.65, indicating a growth of approximately 3.1%[14] - Non-recurring losses for Q3 2024 totaled CNY -2,906,953.31, influenced by various factors including government subsidies[4]