Financial Performance - The company's revenue for Q3 2024 was ¥197,356,633.34, a decrease of 42.07% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥19,093,421.34, down 67.60% year-on-year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥16,960,574.04, a decline of 68.15% compared to the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.23, a decrease of 67.65% year-on-year[2] - Total operating revenue for Q3 2024 was ¥743,997,914.11, a decrease of 25% compared to ¥990,125,645.29 in the same period last year[16] - Net profit for Q3 2024 was ¥88,995,439.61, a decline of 39.2% compared to ¥146,537,635.57 in Q3 2023[17] - The total comprehensive income for the third quarter was CNY 88,507,129.40, a decrease of 40.25% compared to CNY 148,030,377.97 in the previous year[18] - Basic and diluted earnings per share for the quarter were CNY 1.07, down from CNY 1.76 in the same period last year, representing a decline of 39.2%[18] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,754,118,237.54, an increase of 4.22% from the end of the previous year[2] - The total liabilities amounted to ¥499,492,594.02, slightly up from ¥496,284,146.11 year-over-year[15] - Current assets totaled ¥920,599,516.35, down 29% from ¥1,298,297,429.39 year-over-year[14] - Non-current assets rose significantly to ¥833,518,721.19, compared to ¥384,807,117.12, marking an increase of 116.6%[14] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥149,385,894.21, an increase of 1.03% compared to the same period last year[2] - The net cash flow from investing activities for the first nine months of 2024 was -384,894,603.58 CNY, a significant decrease from -125,638,058.47 CNY in the same period of 2023, primarily due to increased cash management and ongoing investment projects[10] - The net cash flow from financing activities was -25,891,472.43 CNY, compared to -11,554,223.20 CNY in the previous year, mainly attributed to an increase in cash dividends distributed during the current period[10] - The net increase in cash and cash equivalents was -259,015,856.50 CNY, a decline from an increase of 15,440,591.12 CNY in the same period last year, primarily due to enhanced cash management[10] - Cash inflow from operating activities totaled CNY 627,859,822.00, down 9.34% from CNY 692,503,164.20 in the previous year[19] - Cash outflow from operating activities was CNY 478,473,927.79, a decrease of 12.13% compared to CNY 544,634,012.86 last year[20] - The net cash flow from investing activities was -CNY 384,894,603.58, worsening from -CNY 125,638,058.47 in the previous year[20] - Cash and cash equivalents at the end of the period stood at CNY 88,900,537.00, down from CNY 195,501,377.22 at the end of the previous year[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,278, with the largest shareholder, Duan Zhenggang, holding 47.69% of the shares[12] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Wang Xinlin, owning 14.64%[12] Operational Highlights - The company reported a significant increase in construction in progress by 280.25% due to expansion and R&D projects following the IPO[7] - The company experienced a 316.25% increase in credit impairment losses, primarily due to higher provisions for receivables from a specific customer[9] - The company’s other income increased by 195.47% to ¥7,303,699.40, attributed to VAT policy benefits[8] - Research and development expenses for Q3 2024 were ¥31,991,298.17, a decrease of 9.5% from ¥35,402,698.03 in the previous year[16] - The company did not report any new product launches or significant market expansion strategies during the quarter[18] Inventory and Receivables - Accounts receivable increased to 338,326,255.61 CNY from 296,161,806.76 CNY, indicating a rise in credit sales[13] - Inventory decreased to 105,477,065.23 CNY from 121,140,157.13 CNY, reflecting improved inventory management[13] - The company reported a significant reduction in other current assets, which fell to 63,077,554.84 CNY from 102,390,871.22 CNY[13]
快可电子(301278) - 2024 Q3 - 季度财报