Longtech(300916)2024-10-24 08:44Revenue and Profit - Revenue for Q3 2024 reached ¥323,146,796.88, an increase of 58.69% year-over-year, while year-to-date revenue totaled ¥1,223,188,560.54, up 104.56% compared to the same period last year[1] - Net profit attributable to shareholders for Q3 2024 was ¥21,081,970.83, a decrease of 30.30% year-over-year, with year-to-date net profit at ¥104,119,587.83, an increase of 70.69%[1] - Basic earnings per share for Q3 2024 was ¥0.15, down 28.57% year-over-year, while year-to-date basic earnings per share increased to ¥0.72, up 71.43%[1] - Operating profit for the first nine months of 2024 was CNY 115,367,019.66, up 78.77% from CNY 64,535,191.87 in the previous year[5] - Net profit for the period was ¥104,443,423.48, representing a 74% increase from ¥60,102,651.89 in the same period last year[14] Cash Flow - Cash flow from operating activities for Q3 2024 was ¥19,226,277.29, a decrease of 25.74% year-over-year, while year-to-date cash flow from operating activities was ¥94,736,973.23, an increase of 98.64%[1] - Cash flow from operating activities for the first nine months of 2024 was CNY 142,620,049.43, a significant increase of 1688.78% compared to CNY 7,973,050.75 in 2023[5] - Cash received from sales of goods and services was ¥1,386,463,056.10, a substantial increase from ¥725,527,722.71 in the previous period, representing an increase of about 91%[16] - Cash paid for purchasing goods and services was ¥1,036,368,240.07, compared to ¥615,065,124.77 in the previous period, marking an increase of approximately 68%[16] - Cash paid to employees increased to ¥167,391,874.25 from ¥109,221,284.78, reflecting a rise of approximately 53%[16] Assets and Liabilities - Total assets as of September 30, 2024, were ¥1,772,216,462.18, a decrease of 4.28% from the end of the previous year[1] - Total current assets decreased from RMB 1.65 billion to RMB 1.58 billion, reflecting a reduction of about 4.2%[10] - Total liabilities decreased from RMB 601.43 million to RMB 470.18 million, a reduction of approximately 21.8%[11] - The company’s total liabilities decreased by 75.01% in short-term borrowings, reflecting repayment efforts during the reporting period[4] - Total liabilities decreased to ¥484,347,918.23 from ¥622,180,406.66 year-over-year, indicating a reduction of approximately 22.2%[12] Investments and Expenses - The company reported a significant increase in long-term equity investments, reaching ¥8,240,435.77, attributed to new external investments[4] - Research and development expenses for the period were ¥50,438,495.91, an increase of 25.1% compared to ¥40,341,688.49 in the previous period[13] - The company’s sales expenses increased by 74.16% to CNY 12,410,199.73, primarily due to business expansion and increased sales team costs[5] - Investment income rose by 61.54% to CNY 5,781,037.82 from CNY 3,578,685.62 in the same period of 2023[5] Government Support and Other Income - The company received government subsidies amounting to ¥460,543.63 in Q3 2024, contributing positively to the current period's profit[2] - The company reported a total comprehensive income of ¥98,214,501.62, compared to ¥61,545,607.56 in the prior period, reflecting a growth of 59.6%[15] Changes in Cash and Equivalents - The company’s cash and cash equivalents decreased by 21.87% to ¥564,732,854.31, primarily due to increased investments in financial products[4] - The ending balance of cash and cash equivalents was ¥558,152,563.22, up from ¥394,708,835.12 in the previous period, reflecting an increase of approximately 41%[17] - The company’s cash and cash equivalents decreased from RMB 722.79 million at the beginning of the period to RMB 564.73 million at the end of the period, a decline of approximately 21.9%[10]