唐源电气(300789) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥136,913,977.91, representing a 52.29% increase compared to the same period last year[2]. - Net profit attributable to shareholders was ¥7,843,707.27, a significant increase of 288.03% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥6,148,060.08, reflecting a 192.39% increase compared to the previous year[2]. - Basic earnings per share (EPS) for the period was ¥0.0546, up 283.68% from the same quarter last year[5]. - Total operating revenue for Q3 2024 reached CNY 451,791,896.52, an increase of 28.5% compared to CNY 351,640,543.46 in the same period last year[16]. - Net profit for Q3 2024 was CNY 54,556,845.18, up 12.2% from CNY 48,576,938.57 in Q3 2023[17]. - Basic earnings per share for Q3 2024 were CNY 0.3797, compared to CNY 0.3368 in the same quarter last year, representing an increase of 12.8%[17]. - Other income increased to CNY 17,658,809.40, up from CNY 9,623,616.33, reflecting a growth of 83.5% year-over-year[16]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,587,656,568.76, an increase of 6.81% from the end of the previous year[2]. - The company's total liabilities increased to CNY 530,624,545.64, compared to CNY 471,622,045.89 in the previous year, marking an increase of 12.5%[15]. - The company's total equity reached CNY 1,057,032,023.12, up from CNY 1,014,818,244.56, indicating a growth of 4.2%[15]. - The total number of restricted shares held by major shareholders increased to 44,898,346, up from 34,412,585, reflecting a rise of approximately 30.5%[11]. - Short-term borrowings increased to CNY 21,989,422.00 from CNY 13,850,000.00, marking an increase of about 58.5%[14]. - The company reported a significant increase in contract liabilities, rising to CNY 94,287,413.71 from CNY 53,343,051.83, which is an increase of approximately 76.8%[14]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥27,590,340.09, but improved by 68.50% compared to the same period last year[6]. - Cash flow from operating activities was CNY 443,740,542.79, significantly higher than CNY 288,552,619.96 in the same quarter last year, reflecting a growth of 54%[18]. - The net cash flow from operating activities for Q3 2024 was -27,590,340.09, an improvement from -87,577,102.61 in Q3 2023[19]. - Total cash inflow from operating activities was 9,319,370.51, compared to 464,131,107.61 in the previous year[19]. - Cash outflow from operating activities totaled 491,721,447.70, up from 391,257,432.48 in Q3 2023[19]. - Cash flow from investing activities showed a net outflow of -77,872,613.08, compared to a net inflow of 97,561,766.38 in the same quarter last year[19]. - Cash inflow from financing activities was 67,565,471.02, significantly higher than 15,125,460.00 in Q3 2023[19]. - The net cash flow from financing activities was 27,848,784.07, a turnaround from -13,320,039.65 in the previous year[19]. - The ending cash and cash equivalents balance was 217,178,919.59, compared to 161,072,520.24 at the end of Q3 2023[19]. Operational Developments - The increase in revenue was primarily driven by new business developments in vanadium-titanium resource development and utilization[5]. - The company established a wholly-owned subsidiary in Wuhan with a registered capital of CNY 10 million, which has completed its business registration[12]. - The company has plans for market expansion and new product development, as indicated by the establishment of the new subsidiary and ongoing investments in technology[12]. - Research and development expenses increased to CNY 56,451,397.14, a rise of 14.1% from CNY 49,420,609.67 in the previous year[16]. Other Financial Metrics - The weighted average return on equity was 0.77%, showing a slight increase from the previous year[2]. - The company's cash and cash equivalents decreased to CNY 224,412,242.89 from CNY 301,784,026.99, representing a decline of about 25.6%[13]. - Accounts receivable increased to CNY 496,301,952.28 from CNY 475,748,444.46, showing a growth of approximately 4.3%[13]. - Inventory rose to CNY 222,556,527.70 from CNY 202,984,197.06, indicating an increase of about 9.7%[14]. - The total operating cost for Q3 2024 was CNY 402,906,267.90, an increase of 31.4% from CNY 306,711,385.23 in the previous year[16]. - The company reported a decrease in deferred income to CNY 27,006,000.00 from CNY 30,400,000.00, a decline of 11.8%[15]. - The company reported government subsidies amounting to ¥586,345.51 for the current period, contributing to its financial performance[3]. Audit Information - The company did not undergo an audit for the Q3 report[20].