Bestechnic (Shanghai) (SH:688608)2024-10-24 09:24Financial Performance - The company's revenue for Q3 2024 reached ¥941,725,079.51, representing a year-on-year increase of 44.01%[2] - Net profit attributable to shareholders for Q3 2024 was ¥141,460,252.64, a significant increase of 106.45% compared to the same period last year[4] - The cumulative revenue for the first nine months of 2024 was ¥2,473,122,980.16, reflecting a year-on-year growth of 58.12%[3] - Total operating revenue for the first three quarters of 2024 reached ¥2,473,122,980.16, a significant increase of 58.2% compared to ¥1,564,060,240.55 in the same period of 2023[16] - Operating profit for the first three quarters of 2024 was ¥288,968,030.81, up from ¥119,908,624.97 in the previous year, reflecting a growth of 141.2%[17] - Net profit attributable to shareholders for the first three quarters of 2024 was ¥289,100,444.05, compared to ¥117,774,751.85 in 2023, marking an increase of 145.5%[17] - The total comprehensive income for the first three quarters of 2024 was ¥288,653,698.61, compared to ¥118,910,046.04 in the previous year, reflecting a growth of 142.5%[18] Profitability Metrics - The gross profit margin for Q3 2024 improved to 34.68%, up 1.29 percentage points from the previous quarter[4] - Basic earnings per share for Q3 2024 were ¥1.1784, an increase of 106.45% year-on-year[3] - Basic earnings per share for the first three quarters of 2024 were ¥2.4083, compared to ¥0.9812 in the same period of 2023, indicating a substantial increase[18] Research and Development - Research and development expenses totaled ¥152,441,877.23 in Q3 2024, accounting for 16.19% of revenue, a decrease of 4.02 percentage points year-on-year[3] - Research and development expenses for the first three quarters of 2024 totaled ¥474,131,084.16, up 29% from ¥367,371,100.62 in the same period last year[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥246,531,704.64, down 21.67% year-on-year[2] - In the first three quarters of 2024, the cash inflow from operating activities reached ¥2,645,369,688.01, a significant increase from ¥1,545,991,121.19 in the same period of 2023, representing a growth of approximately 71%[19] - The net cash flow from operating activities for the third quarter of 2024 was ¥246,531,704.64, compared to ¥314,731,854.35 in the third quarter of 2023, indicating a decrease of about 21.7%[20] - The total cash outflow from operating activities in the third quarter of 2024 was ¥2,398,837,983.37, compared to ¥1,231,259,266.84 in the same quarter of 2023, showing an increase of about 95.5%[20] Assets and Liabilities - The total assets as of the end of Q3 2024 were ¥6,984,441,721.26, a 6.61% increase from the end of the previous year[3] - Total current assets as of September 30, 2024, amounted to ¥6,301,819,249.85, an increase from ¥5,953,164,207.03 as of December 31, 2023, reflecting a growth of approximately 5.84%[13] - Total liabilities increased to ¥571,971,715.61 in Q3 2024, compared to ¥454,204,359.63 in Q3 2023, representing a growth of 26%[18] - The total liabilities included short-term borrowings of ¥20,013,223.74, indicating the company’s liquidity position[14] Shareholder Information - The company’s major shareholders include Tang Xiaodong with 11.30% and Zhao Guoguang with 10.13% of shares, highlighting significant ownership concentration[12] - The total number of common shareholders at the end of the reporting period was 7,010, indicating a stable shareholder base[10] Investment Activities - The total cash inflow from investment activities in the third quarter of 2024 was ¥7,122,421,365.58, up from ¥6,428,333,582.65 in the same quarter of 2023, reflecting an increase of approximately 10.8%[20] - The net cash flow from investment activities for the third quarter of 2024 was ¥421,971,905.52, a substantial rise from ¥77,601,885.26 in the third quarter of 2023, marking an increase of over 442%[20] - The company received cash from investment recovery totaling ¥7,077,287,456.54 in the third quarter of 2024, compared to ¥6,376,000,000.00 in the same period of 2023, indicating an increase of about 11%[20]