天奥电子(002935) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥198,340,634.24, representing a decrease of 12.03% compared to ¥225,455,833.71 in the same period last year[2] - Net profit attributable to shareholders was ¥483,875.10, down 91.27% from ¥5,543,491.42 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥34,109.34, a decline of 99.35% compared to ¥5,266,560.97 in the previous year[2] - Total operating revenue for Q3 2024 was CNY 576,906,845.25, a decrease of 10.2% compared to CNY 642,452,131.60 in the same period last year[14] - Net profit for the period was CNY 15,941,537.44, compared to CNY 23,449,983.40 in the previous year, indicating a decline of 32.1%[15] - The total comprehensive income attributable to the parent company for Q3 2024 was ¥15,941,537.44, a decrease from ¥23,449,983.40 in Q3 2023, representing a decline of approximately 32.0%[16] - Basic and diluted earnings per share for Q3 2024 were both ¥0.0367, down from ¥0.0540 in Q3 2023, indicating a decrease of about 32.5%[16] Cash Flow and Liquidity - The net cash flow from operating activities improved by 76.50%, reaching -¥31,906,789.67 compared to -¥135,784,993.07 in the same period last year[7] - Cash flow from operating activities for Q3 2024 showed a net outflow of ¥31,906,789.67, compared to a net outflow of ¥135,784,993.07 in Q3 2023, reflecting an improvement in cash flow management[18] - Total cash inflow from operating activities for Q3 2024 was ¥599,536,952.59, while cash outflow was ¥631,443,742.26, resulting in a negative cash flow of ¥31,906,789.67[18] - The company reported cash and cash equivalents at the end of Q3 2024 amounting to ¥361,535,695.49, down from ¥578,592,720.80 at the end of Q3 2023, a decrease of approximately 37.5%[18] - The company's cash and cash equivalents decreased from 455,779,767.24 yuan at the beginning of the period to 361,535,695.49 yuan at the end[12] - The cash flow from investing activities showed a net outflow of ¥14,593,173.37 in Q3 2024, compared to ¥32,463,430.73 in Q3 2023, indicating a reduction in investment expenditures[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,674,238,445.46, an increase of 4.11% from ¥2,568,568,652.04 at the end of the previous year[2] - The company's total assets increased to CNY 2,674,238,445.46 from CNY 2,568,568,652.04, representing a growth of 4.1%[14] - The total liabilities increased to CNY 1,127,233,707.76 from CNY 1,015,604,742.64, reflecting a rise of 11.0%[14] - Accounts receivable increased significantly from 744,249,878.75 yuan to 1,015,770,221.55 yuan during the reporting period[12] - Inventory levels rose to CNY 776,625,625.87, up from CNY 599,300,507.97, marking an increase of 29.6%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,420[8] - The largest shareholder, China Electronics Technology Group Corporation No. 10 Research Institute, holds 40.24% of shares, totaling 171,698,289 shares[8] - The top ten shareholders include a mix of state-owned and private entities, with the largest private shareholder holding 3.38%[8] - The company completed the repurchase and cancellation of 2,283,278 restricted stocks due to unmet performance targets for 2023[11] Operational Challenges and Strategies - The company reported a decline in overall performance compared to the same period last year due to external market conditions[11] - The company is focusing on strengthening management and expanding market applications despite a challenging external environment[11] - The company is actively implementing a "100-day offensive" work plan to ensure the completion of annual work targets[11] - The company plans to focus on market expansion and new product development in the upcoming quarters[15] Other Financial Metrics - The weighted average return on net assets was 0.04%, down 0.33% from 0.37% in the previous year[2] - The company experienced a 52.13% increase in credit impairment losses, totaling -¥20,604,843.25, attributed to higher bad debt provisions[6] - Operating costs amounted to CNY 424,074,402.92, down from CNY 471,552,254.64, reflecting a reduction of 10.1%[14] - Research and development expenses were CNY 30,027,963.71, down from CNY 35,071,793.53, a decrease of 14.0%[15] - The company reported a decrease in management expenses to CNY 55,520,509.28 from CNY 62,577,673.39, a reduction of 11.9%[15] Legal and Compliance Issues - As of October 22, 2024, the Chengdu Jin Niu District People's Court has frozen the company's bank deposits amounting to 19,486,116.5 yuan[11] - The company has not undergone an audit for the Q3 2024 report, which may affect investor confidence[19] - The company is set to implement new accounting standards starting in 2024, which may impact future financial reporting[19]