TOYOU(SZ:300302)2024-10-24 10:02Revenue and Profitability - Revenue for Q3 2024 reached ¥51,684,561.08, an increase of 13.05% year-over-year, while total revenue for the year-to-date is ¥303,762,208.84, up 22.40% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was -¥13,802,360.33, a decrease of 54.85% year-over-year, with year-to-date net profit at ¥31,350,079.95, an increase of 141.73%[2]. - The company achieved operating revenue of 303.76 million RMB, a year-on-year increase of 22.40%[11]. - The net profit for the reporting period was 31.35 million RMB, reflecting a significant year-on-year increase of 141.73%[11]. - The net profit attributable to the parent company increased to ¥111,853,703.74 from ¥80,503,623.79, showing improved profitability[14]. - The net profit for Q3 2024 was CNY 31,350,079.95, a significant improvement compared to a net loss of CNY 75,131,654.27 in the same period last year[16]. - Operating profit for Q3 2024 was CNY 35,424,565.53, compared to an operating loss of CNY 94,957,034.48 in Q3 2023[16]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of -¥97,509,955.84, a decline of 229.25% compared to the previous year[6]. - The cash and cash equivalents decreased by 54.76% to ¥74,770,184.69, primarily due to payments for procurement[5]. - The company's cash and cash equivalents decreased to ¥74,770,184.69 from ¥165,262,565.33 at the beginning of the year, indicating a significant cash outflow[12]. - Cash flow from operating activities for Q3 2024 was negative CNY 97,509,955.84, worsening from negative CNY 29,615,586.99 in Q3 2023[17]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 263,274,755.33 in Q3 2024, compared to CNY 278,813,473.43 in Q3 2023[17]. - Cash flow from financing activities generated a net inflow of CNY 93,160,529.73 in Q3 2024, compared to CNY 84,881,445.34 in Q3 2023[18]. - The cash and cash equivalents at the end of Q3 2024 were CNY 74,718,020.24, down from CNY 96,533,643.21 at the end of Q3 2023[18]. Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥1,931,223,974.76, reflecting a 4.09% increase from the end of the previous year[2]. - The company's equity attributable to shareholders increased to ¥1,360,190,199.73, a rise of 2.30% from the end of the previous year[2]. - Non-current assets totaled ¥1,264,984,108.35, an increase from ¥979,784,049.00, indicating growth in long-term investments[13]. - The total assets of the company reached ¥1,931,223,974.76, up from ¥1,855,264,149.69, reflecting overall growth in the company's financial position[14]. - The total liabilities increased to ¥571,033,775.03 from ¥525,711,538.27, reflecting a rise in both current and non-current liabilities[13]. Operational Performance - Total operating costs for Q3 2024 were ¥285,192,749.73, slightly up from ¥278,271,198.25 in Q3 2023[15]. - Research and development expenses accounted for over 18% of operating revenue, maintaining a high level of investment in R&D[11]. - Research and development expenses increased to ¥56,985,449.56, compared to ¥52,716,159.75 in the previous year, reflecting a focus on innovation[15]. - The comprehensive gross margin rose to 47.93%, an increase of nearly 10% compared to the previous year[11]. - Revenue from the company's self-controlled storage systems grew by 139.68% year-on-year, driven by effective sales strategies in key domestic industries[11]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 46,299[7]. Government Support - The company received government subsidies totaling ¥927,711.75 during the year-to-date, contributing to non-operating income[3]. Strategic Focus - The company continues to focus on cost reduction and efficiency improvement while keeping R&D investments stable[11]. - The investment income from associated companies increased significantly, particularly from Yiheng Chuangyuan, which saw substantial growth in revenue and net profit[11]. - The company is prioritizing the deployment of mature products in core business scenarios for users, enhancing technical support for these solutions[11]. - New high-end all-flash products are being optimized for release in the first half of 2024, accelerating their maturity and promotion[11].