美瑞新材(300848) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥432,131,416.67, representing an increase of 8.63% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥19,403,017.06, a growth of 6.35% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,031,385.09, showing a slight decrease of 0.38% compared to the previous year[2]. - The total operating revenue for Q3 2024 was CNY 1,232,673,823.58, an increase of 10.4% compared to CNY 1,116,825,097.61 in the same period last year[15]. - Net profit for Q3 2024 was CNY 47,561,796.28, a decrease of 30.9% from CNY 68,930,449.80 in the previous year[16]. - Basic earnings per share for Q3 2024 were CNY 0.12, down from CNY 0.18 in the previous year, a decline of 33.3%[17]. Assets and Liabilities - The total assets at the end of Q3 2024 reached ¥3,847,041,248.84, reflecting a 14.67% increase from the end of the previous year[2]. - The total liabilities as of Q3 2024 amounted to CNY 2,330,543,416.78, compared to CNY 1,854,149,012.97 in the previous year, indicating a growth of 25.7%[15]. - The total equity attributable to shareholders of the parent company was CNY 1,293,411,386.62, slightly up from CNY 1,274,633,709.35, reflecting a growth of 1.5%[15]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥254,253,870.09, a significant decline of 278.94% compared to the same period last year[5]. - Cash inflow from operating activities for Q3 2024 was CNY 946,255,629.27, down from CNY 983,358,060.84 in the same period last year, a decrease of 3.8%[18]. - The net cash flow from operating activities was -254,253,870.09, a significant decline compared to 142,088,884.42 in the previous period, indicating a negative shift in operational performance[19]. - Cash outflows from operating activities totaled 1,200,509,499.36, up from 841,269,176.42, reflecting increased operational expenses[19]. - The net cash flow from investing activities was -595,919,980.16, worsening from -449,084,996.96, suggesting higher investments or asset acquisitions[19]. - Cash inflows from financing activities amounted to 562,082,921.27, a decrease from 691,897,549.67, indicating reduced capital raising efforts[19]. - The net cash flow from financing activities was 457,950,585.07, down from 578,659,518.19, showing a decline in net financing[19]. - The total cash and cash equivalents at the end of the period were 506,454,535.55, down from 821,894,437.02, indicating a decrease in liquidity[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,979[6]. - The largest shareholder, Wang Renhong, holds 42.42% of the shares, amounting to 175,690,153 shares[6]. - The total number of restricted shares held by major shareholders increased to approximately 174.77 million, up from 139.08 million, due to the release of restrictions on certain shares[10]. Inventory and Fixed Assets - The company's inventory increased by 31.78% to ¥415,565,955.15, primarily due to the preparation of raw materials for the polyurethane industrial park project[5]. - The company's fixed assets rose by 149.66% to ¥477,465,342.89, mainly due to the transfer of certain construction projects to fixed assets[5]. - The company’s inventory rose to approximately CNY 416 million from CNY 315 million, marking an increase of about 32%[14]. Research and Development - Research and development expenses increased to CNY 63,566,624.26, compared to CNY 53,467,008.02 in the same quarter last year, marking a rise of 18.8%[16]. Other Income and Expenses - The company reported a significant increase of 419.48% in other income, totaling ¥15,283,858.38, attributed to increased government subsidies received[5]. - The company reported a decrease in investment income, with a loss of CNY 1,791,700.22 compared to a gain of CNY 2,139,267.99 in the same quarter last year[16]. - Tax payments increased to 32,172,693.33 from 11,359,475.32, indicating a rise in tax liabilities[19]. - The company paid 67,990,427.94 in employee compensation, an increase from 55,106,149.42, reflecting higher labor costs[19]. Future Plans and Developments - The company has successfully launched production for the PPDI and PNA facilities at its polyurethane industrial park, which is expected to achieve an annual production capacity of 120,000 tons of specialty isocyanates upon full operation[11]. - The company is actively working on the commissioning of additional facilities to achieve full production capacity at the polyurethane industrial park[11]. - The company plans to issue shares to specific investors, having appointed Zhongde Securities as the new sponsor, replacing Haitong Securities[12].