温州宏丰(300283) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥896,826,655.25, representing a year-over-year increase of 10.38%[2] - The net profit attributable to shareholders was -¥9,906,122.57, a decrease of 4.83% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,475,295.84, reflecting a 9.75% improvement year-over-year[2] - The net profit for Q3 2024 was -28,834,425.17 CNY, a significant decline compared to a net profit of 45,698,792.08 CNY in Q3 2023, representing a year-over-year decrease of approximately 163%[16] - Operating profit for the quarter was -25,221,473.94 CNY, down from 57,097,405.67 CNY in the same period last year, indicating a decline of over 143%[16] - The company reported a total comprehensive income of -28,866,108.40 CNY for the quarter, compared to 45,856,582.97 CNY in Q3 2023, marking a decline of about 163%[16] - The basic and diluted earnings per share were both -0.03 CNY, compared to 0.11 CNY in the same quarter last year, indicating a significant drop in profitability per share[16] Assets and Liabilities - Total assets increased to ¥3,212,621,537.44, marking a 12.55% rise from the end of the previous year[2] - The company's total liabilities increased by 33.95% to ¥407,546,647.86 due to rising accounts payable[4] - The total number of ordinary shareholders at the end of the reporting period was 23,104[9] - The total liabilities increased to ¥2,223,133,526.97 from ¥1,807,563,643.64[14] - The company’s non-current assets totaled ¥1,826,809,141.64, up from ¥1,472,605,016.66[13] - The total equity attributable to shareholders decreased by 3.06% to ¥923,807,212.51 compared to the end of the previous year[2] Cash Flow - The company's cash flow from operating activities showed a significant improvement, with a net cash flow of -¥431,869.06, a 99.44% increase compared to the same period last year[2] - Net cash flow from operating activities improved by 99.44% to -¥431,869.06, driven by increased cash received from sales and tax refunds[7] - Net cash flow from investing activities decreased by 480.23% to -¥286,191,131.78, largely due to reduced cash received from the disposal of subsidiaries[7] - Net cash flow from financing activities increased by 53.54% to ¥246,477,660.87, mainly from increased cash received from borrowings[8] - Cash and cash equivalents at the end of the period were ¥69,923,469.98, down from ¥137,144,611.63 at the beginning of the period[12] - Cash and cash equivalents at the end of the period were 44,419,794.50 CNY, down from 127,094,054.46 CNY at the end of Q3 2023, a decrease of approximately 65%[18] Investments and Expenses - The construction in progress surged by 153.38% to ¥615,523,927.86, primarily due to investments in the Hongfeng copper foil and semiconductor projects[4] - The company reported a significant increase in long-term borrowings, which rose by 69.77% to ¥687,612,300.13, attributed to loans for ongoing projects[4] - Research and development expenses for the period were ¥67,281,322.09, slightly down from ¥69,966,762.10 in the previous period[15] - The company experienced a decrease in income tax expenses by 84.28% to ¥1,681,412.07, due to lower taxable income from previous gains[6] - Investment income decreased by 100.05% to -¥47,721.21, mainly due to the previous year's gain from the disposal of a subsidiary[6] - The company reported a significant increase in asset impairment losses by 125.19% to -¥22,402,308.62, primarily due to higher inventory write-downs in the copper foil project[6] - Other income increased by 146.23% to ¥17,437,343.43, primarily due to government subsidies and VAT reductions[6] Shareholder Information - Major shareholder Chen Xiao holds 39.57% of the shares, with 72,470,000 shares pledged[9] - The number of restricted shares held by the top shareholder increased to 129,754,470 shares, with an addition of 2,866,725 shares during the period[11] Revenue and Costs - Total operating revenue for the period reached ¥2,209,594,759.64, slightly increasing from ¥2,202,705,643.80 in the previous period[15] - Total operating costs decreased to ¥2,237,020,562.52 from ¥2,240,208,678.25, with operating costs specifically dropping from ¥2,029,583,942.54 to ¥1,997,004,411.50[15]