民德电子(300656) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was ¥98,916,737.17, a decrease of 1.10% compared to the same period last year[2] - Net profit attributable to shareholders was -¥2,493,594.92, a decline of 173.49% year-over-year[2] - Net profit after deducting non-recurring gains and losses was -¥2,506,653.56, down 188.50% from the previous year[2] - In the first three quarters of 2024, the company achieved operating revenue of CNY 259.84 million, a decrease of CNY 23.38 million or 8.26% year-on-year[13] - The net profit attributable to shareholders was CNY -10.20 million, a decrease of CNY 27.27 million or 159.73% year-on-year[13] - Net profit for Q3 2024 was a loss of CNY 12,050,673.81, compared to a profit of CNY 16,184,182.67 in Q3 2023[17] - Basic earnings per share dropped by 160.06% to -¥0.0594 from ¥0.0989 in the same period last year[10] - Basic and diluted earnings per share for Q3 2024 were both CNY -0.0594, compared to CNY 0.0989 in Q3 2023[18] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,666,824,998.87, a decrease of 5.42% from the end of the previous year[2] - The company's total assets decreased from CNY 1,762.25 million at the beginning of the period to CNY 1,666.82 million at the end of the period[15] - Current assets decreased from CNY 542.91 million to CNY 477.59 million, with cash and cash equivalents dropping from CNY 137.24 million to CNY 55.74 million[14][15] - Total liabilities decreased to CNY 535,483,395.01 from CNY 581,247,254.48, a reduction of 7.9%[16] - Total equity attributable to shareholders decreased to CNY 1,117,699,478.65 from CNY 1,165,509,639.17, a decline of 4.1%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥43,735,846.19, down 26.85% compared to the previous year[2] - The net cash flow from operating activities decreased by 26.85% to ¥43,735,846.19 compared to ¥59,785,242.58 in the same period last year[9] - The net cash flow from investing activities improved by 48.25%, with a loss of ¥99,603,781.64, compared to a loss of ¥192,486,088.44 in the previous year[9] - The net cash flow from financing activities decreased significantly by 121.55%, resulting in a loss of ¥26,390,331.41, down from a gain of ¥122,457,792.25 in the same period last year[9] - The net increase in cash and cash equivalents was a loss of ¥81,496,577.94, a decline of 685.41% compared to a loss of ¥10,376,351.45 in the previous year[9] - The net cash flow from operating activities for the current period is CNY 43,735,846.19, a decrease of 26.9% compared to CNY 59,785,242.58 in the previous period[19] - Cash inflow from operating activities totaled CNY 325,680,256.29, down 2.3% from CNY 332,954,024.71 in the previous period[19] - Cash outflow from operating activities increased to CNY 281,944,410.10, up 3.2% from CNY 273,168,782.13 in the previous period[19] - The net cash flow from investing activities is CNY -99,603,781.64, an improvement from CNY -192,486,088.44 in the previous period[20] - Cash inflow from investing activities decreased significantly to CNY 218,066,189.14 from CNY 696,147,393.88 in the previous period[20] - Cash outflow from investing activities was CNY 317,669,970.78, down 64.3% from CNY 888,633,482.32 in the previous period[20] - The net cash flow from financing activities is CNY -26,390,331.41, compared to a positive CNY 122,457,792.25 in the previous period[20] - Cash inflow from financing activities totaled CNY 111,183,797.94, a decrease of 58.9% from CNY 271,068,002.07 in the previous period[20] - The ending balance of cash and cash equivalents is CNY 55,644,993.39, down from CNY 137,274,402.39 in the previous period[20] - The company’s cash and cash equivalents decreased by CNY 81,496,577.94 during the period, compared to a decrease of CNY 10,376,351.45 in the previous period[20] Shareholder Information - The largest shareholder, Xu Xiangcan, holds 12.83% of the shares, totaling 21,959,737 shares[11] - The second-largest shareholder, Xu Wenhuan, owns 12.51% of the shares, totaling 21,408,351 shares, with 16,056,263 shares pledged[11] - The third-largest shareholder, Yi Yangqing, holds 9.59% of the shares, totaling 16,416,971 shares, with 12,312,728 shares pledged[11] - The company has a total of 12,106 common shareholders at the end of the reporting period[11] Business Developments - The barcode recognition equipment business maintained a good growth momentum, with both revenue and profit achieving double-digit growth year-on-year, particularly in overseas markets[13] - The company is in the process of acquiring a controlling stake in wafer foundry Guangxin Microelectronics, increasing its ownership from 34.43% to 50.1% by the end of the year[13] - The company plans to enhance its core competitiveness by integrating Guangxin Microelectronics into its business system, becoming one of the few domestic companies to control a wafer foundry[13] - The semiconductor market is showing signs of recovery, with significant year-on-year growth in sales volume of epitaxial wafers from joint venture Jingrui Electronics, although the sales price has not yet returned to the previous year's level[13] Expenses - Financial expenses increased by 39.45% to ¥12,255,668.82 due to higher interest expenses from increased bank loans[8] - The company reported a significant increase in financial expenses, rising to CNY 12,255,668.82 from CNY 8,788,504.97, an increase of 39.5%[17] - Research and development expenses were CNY 18,957,658.67, slightly up from CNY 18,364,346.25, indicating a 3.2% increase year-over-year[17] - The company experienced a net investment loss of CNY 35,518,022.12, compared to a loss of CNY 7,702,025.34 in the previous year[17] - The company reported a 14398.83% increase in asset impairment losses, totaling -¥7,187,122.75, attributed to increased inventory write-downs[8]