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奇精机械(603677) - 2024 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2024 was CNY 494,171,479.25, an increase of 11.41% year-over-year, while year-to-date revenue reached CNY 1,466,253,543.76, up 14.27% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 10,141,987.79, a decrease of 50.39% year-over-year, with year-to-date net profit at CNY 51,734,720.07, down 17.98%[2]. - Basic earnings per share for Q3 2024 was CNY 0.0528, reflecting a decline of 50.33% compared to the same period last year[2]. - The company experienced increased market competition, leading to a decline in profitability and significant foreign exchange losses during the quarter[7]. - The total comprehensive income for the third quarter was CNY 57,810,294.14, down from CNY 62,305,186.61 in the same period last year, a decline of 7.9%[28]. Assets and Liabilities - Total assets as of the end of Q3 2024 were CNY 2,390,302,736.97, an increase of 11.46% from the end of the previous year[4]. - The company's total liabilities increased to CNY 1,213,792,824.00, compared to CNY 987,471,362.37 in the previous year, marking a rise of 22.9%[26]. - The company's total assets reached RMB 2.39 billion as of September 30, 2024, compared to RMB 2.14 billion at the end of 2023, indicating an increase of about 11.48%[24]. - The total liabilities rose to CNY 1,195,639,770.66, compared to CNY 977,099,243.87 in the previous year, marking a 22.3% increase[33]. - The company's short-term borrowings increased to RMB 104.58 million as of September 30, 2024, from RMB 95.09 million at the end of 2023, representing an increase of approximately 9.66%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 88,103,554.07, a decrease of 52.22% year-over-year[6]. - The net cash flow from operating activities for the third quarter of 2024 was CNY 88,103,554.07, a decrease of 52.2% compared to CNY 184,404,295.37 in the third quarter of 2023[30]. - The total cash outflow from investing activities in the third quarter of 2024 was CNY 274,059,048.16, down from CNY 319,017,347.22 in the same quarter of 2023, indicating a reduction of approximately 14.1%[30]. - The net cash flow from financing activities for the third quarter of 2024 was CNY 123,812,788.54, a significant improvement compared to a net outflow of CNY 10,842,931.37 in the third quarter of 2023[31]. - The company has shown a consistent increase in cash reserves, with cash and cash equivalents growing by CNY 22,226,205.84 in the third quarter of 2024 compared to CNY 43,835,508.04 in the same quarter of 2023[31]. Investments and Capital Management - The company has authorized the use of up to RMB 200 million of idle self-owned funds for cash management, with a remaining balance of RMB 150 million as of the report date[16]. - Qijing Machinery approved a capital increase of 330 million Thai Baht to Qijing Industrial (Thailand) Co., Ltd., raising its registered capital from 300 million to 630 million Thai Baht[15]. - The company reported an investment income of CNY 4,281,973.73, a significant recovery from a loss of CNY 837,662.69 in the previous year[34]. - The company has completed the registration of capital increase for Qijing Industrial (Thailand) in July 2024[15]. - The company plans to conduct foreign exchange hedging with a total amount not exceeding RMB 800 million for the year 2024, with contracts expiring by June 30, 2025[17]. Shareholder Information - Shareholders' equity attributable to shareholders was CNY 1,176,509,912.97, up 1.68% from the end of the previous year[4]. - The company’s major shareholders have significant stakes, with the largest shareholder holding 21.04% of the shares[9]. - The company distributed a cash dividend of RMB 0.20 per share, totaling RMB 38.43 million based on a total share capital of 192,147,573 shares[20]. Research and Development - Research and development expenses for the first three quarters were CNY 47,853,650.58, slightly down from CNY 50,088,569.75, a decrease of 4.4%[26]. - Research and development expenses for the first three quarters of 2024 were CNY 46,345,986.10, slightly down from CNY 48,604,669.99 in the same period of 2023[34]. - The company plans to continue focusing on market expansion and new product development to enhance future performance[2]. - The company plans to continue focusing on market expansion and new product development to drive future growth[34].