GCH TECHNOLOGY CO.(SH:688625)2024-10-24 09:06Financial Performance - The company's revenue for Q3 2024 was ¥234,153,204.24, representing an increase of 8.84% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥70,248,477.11, up 19.35% year-over-year[2]. - The basic earnings per share for Q3 2024 was ¥0.52, reflecting an increase of 18.18% compared to the same period last year[2]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥67,438,794.65, an increase of 16.09% year-over-year[2]. - Net profit for the third quarter was ¥197,925,768.02, an increase of 17.99% from ¥167,636,852.59 in the same quarter of 2023[16]. - The total comprehensive income for Q3 2024 was ¥192,832,627.33, compared to ¥168,585,575.50 in Q3 2023, indicating an increase of about 14.36%[17]. - Basic and diluted earnings per share for Q3 2024 were both ¥1.46, up from ¥1.25 in Q3 2023, reflecting a growth of 16.80%[18]. Research and Development - Research and development expenses totaled ¥9,929,741.07 in Q3 2024, which is 4.24% of revenue, an increase of 0.23 percentage points year-over-year[4]. - Research and development expenses for the third quarter were ¥26,571,798.82, up from ¥24,470,751.45, indicating a focus on innovation and product development[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,136,684,304.73, a decrease of 5.25% from the end of the previous year[4]. - The total current assets amounted to RMB 1.25 billion, a decrease of 19.01% from RMB 1.55 billion in 2023[12]. - Non-current assets totaled ¥1,882,448,588.36, an increase from ¥1,761,986,239.32, indicating a growth of 6.84%[14]. - Total liabilities decreased to ¥1,837,626,046.31 from ¥2,033,563,405.53, a reduction of approximately 9.66%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥157,858,597.79, showing a significant increase of 152.99% compared to the previous year[7]. - Cash inflow from operating activities for the first three quarters of 2024 was ¥2,297,128,980.36, compared to ¥1,681,409,676.24 in the same period of 2023, marking an increase of approximately 36.56%[18]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥157,858,597.79, significantly higher than ¥62,396,885.73 in the same period of 2023[19]. - The net cash flow from investing activities for Q3 2024 was ¥144,122,473.37, a recovery from a negative cash flow of -¥389,874,523.22 in Q3 2023[19]. - Cash inflow from financing activities for Q3 2024 was ¥1,454,292,504.00, compared to ¥1,248,658,417.76 in Q3 2023, showing an increase of about 16.49%[19]. - The total cash and cash equivalents at the end of Q3 2024 were ¥459,874,313.09, up from ¥348,683,645.85 at the end of Q3 2023, indicating a growth of approximately 31.89%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 2,707[8]. - The top ten shareholders held a total of 100,000,000 shares, representing 74.81% of the total share capital[8]. - The company reported a total of 2,844,565 shares held in the share repurchase account, accounting for 2.10% of the total share capital[9]. - There were no significant changes in the shareholding structure or major shareholder activities reported during the period[10]. Government Support and Future Plans - The company received government subsidies amounting to ¥1,287,494.81 during the reporting period, contributing positively to the financial results[5]. - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[11]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20].