德恩精工(300780) - 2024 Q3 - 季度财报

Financial Performance - Q3 2024 revenue was CNY 130,618,928, a decrease of 0.81% compared to the same period last year[3] - Net profit attributable to shareholders was CNY -10,949,705.13, a decline of 530.91% year-on-year[3] - The net profit excluding non-recurring items was CNY -12,587,352.29, down 356.63% from the previous year[3] - Total operating revenue for Q3 2024 reached CNY 395.22 million, an increase from CNY 370.29 million in the same period last year, representing a growth of approximately 6.5%[15] - Net profit for Q3 2024 was a loss of CNY 38.70 million, compared to a profit of CNY 18.16 million in the previous year, indicating a significant decline[16] - The total comprehensive income attributable to the parent company was -37,473,785.95 CNY, compared to 18,277,037.53 CNY in the previous period[19] - Basic and diluted earnings per share were both -0.2530 CNY, a decrease from 0.1239 CNY in the previous period[19] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 2,054,322,674.18, a decrease of 2.15% from the end of the previous year[3] - The company's total assets decreased to CNY 2.05 billion from CNY 2.10 billion, a reduction of approximately 2.9%[14] - Shareholders' equity attributable to the parent company was CNY 1,148,545,457.57, down 3.11% year-on-year[3] - The total liabilities decreased to CNY 895.05 million from CNY 905.16 million, a decrease of approximately 1.2%[14] - Long-term borrowings decreased to CNY 240.03 million from CNY 275.50 million, a decline of about 12.9%[14] Cash Flow - Cash flow from operating activities was CNY 40,095,704.56, a decrease of 33.62% compared to the same period last year[3] - Cash inflow from operating activities totaled 379,760,473.75 CNY, while cash outflow was 339,664,769.19 CNY, resulting in a net cash flow of 40,095,704.56 CNY[18] - Cash inflow from financing activities was 210,300,444.44 CNY, while cash outflow was 229,684,591.19 CNY, leading to a net cash flow of -19,384,146.75 CNY[19] - The net increase in cash and cash equivalents was -2,426,122.53 CNY, compared to -137,332,537.51 CNY in the previous period[19] Operational Highlights - The company reported a significant increase in prepayments by 238.97% due to increased material payments[7] - Short-term borrowings increased by 101.66% to CNY 258,938,590.23, attributed to new loans[7] - The company received government subsidies amounting to CNY 2,236,136.52 during the reporting period[4] - The number of common shareholders at the end of the reporting period was 22,131[8] - The company reported a significant fire incident at a subsidiary's warehouse on February 20, 2024, which may impact operations[12] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[12] Inventory and Receivables - Total current assets as of September 30, 2024, amounted to CNY 745,179,398.52, a decrease from CNY 753,697,726.94 at the beginning of the period[12] - Cash and cash equivalents at the end of the period were CNY 111,671,194.96, compared to CNY 121,743,037.59 at the beginning of the period[12] - Accounts receivable increased to CNY 116,280,232.02 from CNY 103,266,093.54[12] - Inventory decreased to CNY 325,363,773.34 from CNY 333,894,174.22[12] - Other receivables were CNY 147,985,539.40, slightly down from CNY 149,340,407.34[12] Research and Development - Research and development expenses for Q3 2024 were CNY 20.17 million, slightly up from CNY 19.46 million in the previous year, showing a focus on innovation[15] Investment Income - The company reported an investment income of CNY 6.15 million from joint ventures, compared to CNY 3.13 million in the previous year, indicating improved performance in this area[16] Other Comprehensive Income - Other comprehensive income showed a loss of CNY 359,602.23, compared to a gain of CNY 105,821.84 in the previous year, reflecting challenges in market conditions[16] - The company reported a foreign currency translation difference of -359,602.23 CNY, indicating fluctuations in exchange rates[19]