SHEN YU(SZ:300563)2024-10-24 08:13Revenue and Profitability - Revenue for Q3 2024 reached ¥248,710,833.44, an increase of 19.30% year-over-year, while year-to-date revenue was ¥642,507,899.39, up 18.77% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥10,147,686.70, a decrease of 47.53% year-over-year, with year-to-date net profit at ¥67,362,193.75, down 67.85% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was ¥0.0571, a decline of 47.37% year-over-year, while year-to-date basic earnings per share was ¥0.3833, an increase of 70.51%[2]. - The company's net profit for Q3 2024 reached CNY 66,868,654.83, a significant increase of 66.6% compared to CNY 40,134,612.50 in Q3 2023[27]. - Operating profit for the quarter was CNY 76,493,524.77, up 74.0% from CNY 43,969,897.35 in the same period last year[27]. - Basic and diluted earnings per share for the quarter were both CNY 0.3833, compared to CNY 0.2248 in Q3 2023, representing an increase of 70.6%[28]. - Total comprehensive income for the quarter was CNY 49,486,426.36, compared to CNY 40,134,612.50 in the same quarter last year[28]. Cash Flow and Investments - The company reported a significant increase in cash flow from operating activities, with a year-to-date net cash flow of ¥81,821,107.84, up 664.92% compared to the previous year[2]. - Net cash flow from operating activities increased significantly by 664.92% to ¥81,821,107.84 for the first nine months of 2024, compared to a negative cash flow of ¥14,483,637.84 in the same period of 2023, mainly due to increased payments through notes payable and higher profits[7]. - Net cash flow from investing activities decreased by 110.20% to -¥12,729,479.82 in the first nine months of 2024, down from ¥124,843,509.60 in the same period of 2023, primarily due to increased purchases of time deposits[7]. - Net cash flow from financing activities worsened by 284.72% to -¥79,765,497.50 in the first nine months of 2024, compared to -¥20,733,420.72 in the same period of 2023, mainly due to share buybacks and dividend distributions[7]. - Cash and cash equivalents at the end of the period were CNY 92,403,249.83, down from CNY 114,390,332.16 at the end of Q3 2023[30]. Expenses and Liabilities - Sales expenses for the first nine months of 2024 were ¥14,639,383.13, up 25.52% year-over-year, attributed to increased personnel costs and expenses related to new product and customer development[6]. - Management expenses rose significantly to ¥45,027,942.40, a 121.75% increase year-over-year, mainly due to increased share-based payments[6]. - Total operating costs for Q3 2024 were ¥619,581,356.49, up from ¥506,838,159.97 in the same period last year, reflecting a growth of 22.2%[26]. - Total liabilities increased to ¥258,909,193.22 from ¥232,545,547.78, representing an increase of 11.3%[25]. Assets and Shareholder Information - Total assets as of September 30, 2024, were ¥1,287,287,701.02, reflecting a slight increase of 0.24% from the end of the previous year[2]. - The total number of common shareholders at the end of the reporting period was 37,817, with the top ten shareholders holding significant stakes[8]. - The largest shareholder, Ren Fengjuan, holds 20.48% of the shares, amounting to 36,392,600 shares[8]. - The company's equity attributable to shareholders decreased to ¥1,027,410,546.72 from ¥1,030,970,734.62, a decline of 0.3%[25]. Strategic Developments - The company is focusing on new product development and market expansion strategies to drive future growth[23]. - The company completed the transfer of 99.90% equity in its subsidiary Shen Chuang Bo Rui New Materials Co., Ltd. to Suzhou Cai Yi Power Technology Co., Ltd. for a total price of 102.71 million RMB, with the transfer completed by February 1, 2024[11]. - The company established a new holding subsidiary, Shen Yu Precision (Shenzhen) Co., Ltd., with a registered capital of 7.5 million RMB, where the company holds 75%[12]. - The company completed the registration of its subsidiary in Vietnam, SHEN YU (VIETNAM) COMPANY LIMITED, which is now included in the consolidated financial statements[20]. - The company has implemented stock buybacks and dividend distributions as part of its financing strategy, impacting cash flow from financing activities[7]. - The company announced a mid-term cash dividend of 0.70 RMB per 10 shares, totaling approximately 12.23 million RMB, based on the total shares of 177,682,526[21].