长盛轴承(300718) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥278,413,155.43, a decrease of 2.06% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥53,763,688.07, down 10.67% year-on-year[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥51,361,410.74, a decrease of 8.10% compared to the previous year[2]. - Total operating revenue for Q3 2024 reached ¥835,390,059.66, an increase of 1.18% compared to ¥819,429,713.03 in Q3 2023[14]. - Net profit attributable to shareholders of the parent company was ¥169,172,978.87, a decrease of 5.82% from ¥178,618,437.97 in the same period last year[15]. - Total comprehensive income for the third quarter was CNY 173,821,444.96, a decrease from CNY 179,531,199.20 in the previous period[16]. - Basic and diluted earnings per share were both CNY 0.57, down from CNY 0.60 in the previous period[16]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥2,000,240,258.28, reflecting a 2.17% increase from the end of the previous year[2]. - The company's total assets increased to ¥2,000,240,258.28, compared to ¥1,957,807,884.09 at the end of Q3 2023, marking a growth of 2.45%[13]. - Current liabilities decreased to ¥263,026,815.93 from ¥291,653,893.25, a reduction of 9.83%[13]. - Non-current liabilities totaled ¥30,092,163.82, down from ¥40,734,383.12, indicating a decrease of 26.2%[13]. - The equity attributable to shareholders increased by 5.16% year-on-year, reaching ¥1,616,462,205.57 at the end of Q3 2024[2]. - The total equity attributable to shareholders of the parent company rose to ¥1,616,462,205.57, compared to ¥1,537,110,996.22, reflecting an increase of 5.15%[13]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥181,875,499.45, down 7.33% year-on-year[2]. - Cash inflow from operating activities was CNY 848,537,599.04, compared to CNY 719,998,129.41 in the previous period, representing an increase of approximately 17.8%[17]. - Cash outflow from operating activities totaled CNY 666,662,099.59, up from CNY 523,731,626.87, indicating a rise of about 27.3%[18]. - Net cash flow from operating activities was CNY 181,875,499.45, down from CNY 196,266,502.54, reflecting a decrease of approximately 7.3%[18]. - The ending balance of cash and cash equivalents was CNY 160,751,170.13, down from CNY 433,055,681.49 in the previous period[18]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 793,787,972.32, compared to CNY 663,222,719.10 in the previous period[17]. Shareholder Information - The total number of shares held by the top 10 shareholders includes significant stakes, with Sun Zhihua holding 73,673,086 shares, representing a substantial portion of the company's equity[9]. - The company plans to release 25% of the locked shares held by executives annually, which may impact future share liquidity and ownership structure[10]. - The total locked shares for executives amount to 108,213,597, with 3,298,800 shares released during the current period[10]. Operational Insights - The company reported a significant increase of 1,995.44% in other current assets, totaling ¥70,589,403.28, primarily due to the purchase of short-term bank deposits[5]. - The company experienced a 70.25% decrease in cash and cash equivalents, amounting to ¥167,063,941.70, mainly due to the purchase of large bank deposits[5]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the report[10]. - The overall financial health indicates a need for strategic adjustments to address the declining cash reserves and increasing receivables[11]. - The company reported a gross profit margin of approximately 22.96% for Q3 2024, compared to 20.5% in Q3 2023[14]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[15]. Accounts Receivable - The company's accounts receivable increased to ¥276,403,171.08 from ¥253,869,271.04, reflecting a growth of about 8.9%[11]. - The accounts receivable financing increased to ¥66,466,701.06 from ¥56,950,643.70, showing a growth of approximately 16.5%[11].