赛特新材(688398) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 216,056,569.80, a decrease of 9.16% compared to the same period last year[2]. - Net profit attributable to shareholders decreased by 70.85% to CNY 10,980,473.80 for the current period[2]. - The net profit after deducting non-recurring gains and losses fell by 75.84% to CNY 8,759,417.24[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 668,235,738.94, an increase from CNY 591,691,493.30 in the same period of 2023, representing a growth of approximately 12.95%[13]. - Net profit for the first three quarters of 2024 was CNY 65,144,125.32, compared to CNY 79,196,945.55 in 2023, reflecting a decrease of approximately 17.73%[14]. - Earnings per share for the first three quarters of 2024 were CNY 0.39, down from CNY 0.47 in the same period of 2023[14]. Cash Flow - The net cash flow from operating activities increased by 133.78% to CNY 31,004,573.26 for the current period[2]. - The company reported a positive cash collection situation, contributing to improved cash flow from operating activities[7]. - In the first three quarters of 2024, the company generated cash inflows from operating activities totaling RMB 732,797,253.36, compared to RMB 495,985,651.81 in the same period of 2023, representing an increase of approximately 47.8%[15]. - The net cash flow from operating activities for the first three quarters of 2024 was RMB 90,060,353.35, up from RMB 53,845,527.81 in 2023, indicating a growth of about 67.5%[15]. - The total cash inflow from operating activities in the first three quarters of 2024 was RMB 732,797,253.36, while total cash outflow was RMB 642,736,900.01, resulting in a positive cash flow from operations[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,982,791,049.10, reflecting a growth of 5.36% compared to the end of the previous year[3]. - Total assets as of September 30, 2024, reached CNY 1,982,791,049.10, an increase from CNY 1,881,975,086.43 at the end of December 2023[10]. - The total non-current assets reached CNY 1,026,223,795.73, compared to CNY 799,731,249.09, marking an increase of approximately 28.4%[11]. - The company’s total liabilities amounted to CNY 305,439,452.59, compared to CNY 289,421,652.45, showing an increase of approximately 5.2%[11]. - Total liabilities as of the end of the reporting period were CNY 840,256,115.55, compared to CNY 734,891,499.16 at the end of 2023, an increase of approximately 14.3%[12]. - Total equity attributable to shareholders was CNY 1,142,534,933.55, slightly down from CNY 1,147,083,587.27 in 2023[12]. Research and Development - R&D investment totaled CNY 11,426,542.95, representing 5.29% of operating revenue, an increase of 0.84 percentage points[3]. - Research and development expenses increased to CNY 36,264,843.83 in 2024 from CNY 28,007,783.18 in 2023, marking a rise of about 29.6%[13]. Market and Operational Insights - The company experienced a significant decline in gross margin due to fluctuations in downstream demand and rising costs[7]. - Financial expenses increased due to convertible bond interest accrual and exchange rate fluctuations[7]. - The company is experiencing a positive change in orders due to government policies promoting the replacement of old appliances, particularly for vacuum insulation panels[9]. - The top three shareholders hold a combined 51.24% of the shares, with the largest shareholder owning 39.74%[8]. Investment Activities - The company reported cash inflows from investment activities of RMB 785,224,765.22 in the first three quarters of 2024, significantly higher than RMB 30,220,563.48 in the same period of 2023[15]. - Cash outflows from investment activities totaled RMB 795,659,527.15 in the first three quarters of 2024, compared to RMB 205,254,802.25 in 2023, resulting in a net cash flow from investment activities of -RMB 10,434,761.93[16]. - The company paid RMB 235,506,257.15 for the acquisition of fixed assets and other long-term assets in the first three quarters of 2024, compared to RMB 117,693,453.84 in 2023[16].