Revenue and Profitability - Revenue for Q3 2024 reached ¥185,044,318.88, an increase of 137.83% compared to the same period last year[2] - Net profit attributable to shareholders was ¥11,217,339.03, up 133.02% year-on-year[2] - Net profit excluding non-recurring items was ¥9,169,893.38, reflecting a growth of 105.82%[2] - The company reported a 93.80% increase in total revenue for the first nine months of 2024, totaling ¥516,603,343.70[5] - Total operating revenue for the current period reached ¥516,603,343.70, a significant increase from ¥266,571,024.11 in the previous period, representing a growth of approximately 93.7%[15] - Net profit for the current period was ¥69,231,397.43, up from ¥31,320,670.85 in the previous period, indicating a growth of approximately 109.5%[16] - The company reported a total profit of ¥76,982,978.86, compared to ¥34,282,049.49 in the previous period, representing an increase of approximately 124.5%[16] Cash Flow and Financial Position - Cash flow from operating activities showed a significant increase, reaching ¥17,316,454.39, up 1,256.95% year-to-date[2] - Cash inflow from investment activities totaled ¥355,753,575.70, compared to ¥283,737,955.42 in the prior period, showing an increase of approximately 25.4%[17] - Cash inflow from financing activities totaled ¥111,446,110.34, while cash outflow was ¥56,009,862.54, resulting in a net cash flow from financing activities of ¥55,436,247.80[18] - The net increase in cash and cash equivalents was -¥93,221,885.55, compared to -¥29,111,279.06 in the previous period[18] - The ending balance of cash and cash equivalents was ¥343,541,503.38, down from ¥381,734,287.85 at the end of the previous period[18] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥1,511,635,935.87, a 46.46% increase from the end of the previous year[2] - The total liabilities rose to CNY 413,406,173.24 from CNY 99,583,733.30, indicating a substantial increase of approximately 314.5%[13] - The company’s non-current assets totaled CNY 397,439,530.73, up from CNY 161,324,958.12, marking an increase of about 146.5%[13] - The company’s total equity increased to CNY 1,098,229,762.63 from CNY 932,562,197.21, representing a growth of approximately 17.8%[14] Operating Costs and Expenses - The company's operating costs for Q3 2024 reached ¥313.48 million, an increase of 88.34% compared to ¥166.44 million in Q3 2023[6] - Total operating costs amounted to ¥435,814,385.71, compared to ¥231,193,226.83 in the prior period, reflecting an increase of about 88.5%[15] - Research and development expenses rose by 61.35% to ¥28.95 million, reflecting the impact of the major asset restructuring[6] - Research and development expenses for the current period were ¥28,953,156.11, up from ¥17,943,848.02, reflecting a growth of about 61.2%[15] - Tax and additional charges increased by 356.92% to ¥3.88 million, primarily due to significant asset restructuring and the consolidation of subsidiaries[6] - Tax expenses for the current period were ¥7,751,581.43, compared to ¥2,961,378.64 in the previous period, indicating an increase of about 161.5%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,903, with the largest shareholder holding 35.33% of the shares[7] - Shareholders' equity attributable to the parent company was ¥975,658,699.09, a rise of 4.62% compared to the previous year[2] Other Significant Changes - Significant changes in financial metrics were attributed to major asset restructuring and consolidation of subsidiaries[5] - The company experienced a 4109.24% increase in contract liabilities, driven by increased customer prepayments and asset restructuring[5] - The company reported a 3443.15% increase in lease liabilities due to significant factory leasing arrangements[5] - Other income surged by 4232.02% to ¥7.73 million, mainly due to increased government subsidies received during the period[6] - The company received tax refunds of ¥6.20 million, a 171.48% increase compared to the previous year, indicating improved cash flow management[6] - The company completed the acquisition of 51% equity in Shanghai Jiano Sealing Technology Co., Ltd., enhancing its market position[10] Accounting and Reporting - The company has not yet adopted the new accounting standards for the current financial statements[18] - The third quarter report has not been audited[19]
唯万密封(301161) - 2024 Q3 - 季度财报