Financial Performance - Operating revenue for the first nine months of 2024 was approximately CNY 603.85 million, a decrease of 14.11% year-over-year[6] - Net profit attributable to shareholders for the first nine months of 2024 was approximately CNY 93.95 million, down 19.10% from the same period in 2023[6] - In Q3 2024, operating revenue was approximately CNY 199.09 million, representing a decline of 25.64% compared to Q3 2023[8] - The net profit attributable to shareholders in Q3 2024 was approximately CNY 24.32 million, a decrease of 44.66% year-over-year[8] - Total operating revenue for the first nine months of 2024 is 603,854,210.22 CNY, a decrease of 14.14% compared to 703,046,326.12 CNY in the same period of 2023[28] - Net profit for the first nine months of 2024 is 93,947,506.65 CNY, a decrease of 19.11% from 116,121,993.81 CNY in the same period of 2023[29] - Operating profit for the first nine months of 2024 is 103,826,142.19 CNY, down 19.14% from 128,383,166.29 CNY in the same period of 2023[29] - The total profit for the first nine months of 2024 was CNY 103,908,659.80, down 19.3% from CNY 128,794,743.54 in 2023[31] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of approximately CNY 71.86 million in Q3 2024, up 1,261.16% from the previous year[8] - The company's cash flow from operating activities netted ¥86,993,162.48, a 37.87% increase compared to the previous year, driven by reduced payments to suppliers and increased cash receipts[12] - Cash flow from operating activities generated a net amount of CNY 86,993,162.48, an increase of 37.83% compared to CNY 63,099,702.12 in the same period of 2023[34] - Cash inflow from investment activities was CNY 190,871,449.83, an increase of 18.8% compared to CNY 160,600,605.38 in 2023[36] - Net cash flow from investment activities was negative at CNY -51,475,641.17, worsening from CNY -31,205,260.84 in the same period last year[36] - Cash inflow from financing activities was CNY 24,899,589.00, with no inflow recorded in the previous year[36] - Total cash outflow from financing activities increased to CNY 73,311,121.80, compared to CNY 27,002,615.40 in 2023[36] Assets and Liabilities - Total assets as of September 30, 2024, reached approximately CNY 1.13 billion, an increase of 7.49% compared to the end of 2023[5] - The company's total current assets amounted to ¥999,212,410.55, an increase from ¥922,664,655.82 as of December 31, 2023, reflecting a growth of approximately 8.5%[22] - The company's cash and cash equivalents decreased to ¥213,359,769.90 from ¥230,276,960.82, representing a decline of about 7.9%[22] - Current liabilities rose to ¥385,745,136.15 from ¥352,647,764.30, an increase of about 9.37%[26] - Total liabilities amounted to ¥374,615,418.85, up from ¥342,445,430.46, indicating an increase of about 9.00%[24] - The company's equity increased to ¥752,156,850.33 from ¥705,840,365.55, representing a growth of about 6.53%[24] Shareholder Information - Basic earnings per share for Q3 2024 were CNY 0.27, a decrease of 44.90% compared to CNY 0.49 in Q3 2023[8] - The total number of ordinary shares at the end of the reporting period was 90,008,718, with a decrease in unrestricted shares to 49,546,705[14] - The company repurchased 2,399,670 shares under its share buyback plan, with inventory shares increasing by 69.10% to ¥10,777,981.61[11] Market Performance - Revenue from the hydropower and mining markets grew significantly, with hydropower revenue increasing by 89.86% and mining revenue by 115.65% year-over-year[9] - The gross profit margin for the main engine segment was 35.18%, an increase of 0.76 percentage points compared to the previous year[9] Expenses - Research and development expenses for the first nine months of 2024 are 32,240,173.54 CNY, a decrease of 22.00% compared to 41,289,216.87 CNY in the same period of 2023[28] - The company reported a decrease in tax expenses to CNY 9,836,807.67 in 2024 from CNY 13,419,349.38 in 2023, a reduction of approximately 26.5%[31] - The company recorded a decrease in sales expenses to CNY 68,851,186.81 in 2024 from CNY 55,057,975.95 in 2023, indicating an increase of approximately 24.9%[31] Other Financial Metrics - The weighted average return on equity based on net profit attributable to shareholders was 13.27% for the first nine months of 2024, down from 18.59% in the same period last year[7] - Non-recurring gains totaled ¥3,983,168.66, primarily from government subsidies and other income sources[13]
五新隧装(835174) - 2024 Q3 - 季度财报