Pinming Software(SH:688109)2024-10-24 09:06Financial Performance - The operating revenue for Q3 2024 was ¥91,983,142.08, representing a year-on-year increase of 1.47%[2]. - The net profit attributable to shareholders for Q3 2024 was ¥4,742,232.48, with a year-to-date net profit of ¥13,181,277.13, showing a significant turnaround compared to the previous year[2][7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥1,899,387.56, with a year-to-date figure of ¥5,196,110.93[2]. - The company reported a significant increase in net profit for the year-to-date period, up by ¥27,831,400 compared to the previous year, attributed to improved revenue from high-margin software services and effective cost control[7]. - The net profit attributable to shareholders of the parent company for the first three quarters of 2024 is ¥13,181,277.13, compared to a net loss of ¥14,650,107.14 in the same period of 2023, marking a significant turnaround[18]. - Total operating income for the first three quarters of 2024 is ¥277,155,640.03, an increase of 7.0% from ¥258,350,462.80 in the first three quarters of 2023[17]. - Basic earnings per share for the first three quarters of 2024 is ¥0.17, compared to a loss per share of ¥0.19 in the same period of 2023, indicating improved profitability[18]. Research and Development - The total R&D investment for Q3 2024 was ¥24,929,886.60, accounting for 27.10% of operating revenue, a decrease of 1.82 percentage points year-on-year[4]. - Research and development expenses for the first three quarters of 2024 are ¥76,024,996.08, a decrease of 8.0% from ¥82,671,011.03 in the previous year, reflecting a potential shift in R&D focus[17]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥11,638,231.24, with improvements noted in cash collections from sales and reduced cash payments to employees[2][9]. - Cash flow from operating activities for the first three quarters of 2024 is ¥318,752,860.95, up from ¥277,573,408.21 in the same period last year, showing strong cash generation[18]. - Total cash inflow from operating activities amounted to 344,940,752.27, compared to 301,402,136.83 in the same period last year, reflecting a year-over-year increase of approximately 14.4%[19]. - Cash outflow from operating activities totaled 356,578,983.51, down from 369,424,183.54, indicating a reduction of about 3.1%[19]. - The company paid 205,479,996.02 in cash to employees, a decrease from 217,377,247.13 in the same period last year[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥857,493,644.10, a decrease of 5.90% compared to the end of the previous year[4]. - The company's total assets decreased from 911,278,165.24 RMB at the end of 2023 to 857,493,644.10 RMB, a decline of approximately 5.9%[15]. - The total current assets decreased from 878,189,223.70 RMB at the end of 2023 to 828,310,556.18 RMB, a reduction of about 5.7%[14]. - The total current liabilities decreased from 126,778,819.37 RMB to 71,535,471.65 RMB, a reduction of about 43.6%[15]. - The company’s total revenue for the first three quarters of 2024 includes commission income, which is part of the overall operating income[17]. - The total liabilities and shareholders' equity amount to ¥857,493,644.10, down from ¥911,278,165.24 in the previous year, indicating a reduction in leverage[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,707, with the top ten shareholders holding a combined 72.89% of shares[10]. - The largest shareholder, Mo Xujun, holds 19,755,726 shares, representing 25.06% of total shares[11]. - The company has a repurchase account holding 1,303,000 shares, accounting for 1.65% of total share capital[12]. - The number of shares held by the top ten shareholders remains unchanged compared to the previous period[12]. - The company reported no significant changes in the participation of major shareholders in margin trading and securities lending[12]. Non-Recurring Gains - The total non-recurring gains for Q3 2024 amounted to ¥2,842,844.92, with government subsidies and fair value changes contributing to this figure[6].