Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was ¥31,615,122.67, a decrease of 23.44% year-over-year[5] - Operating revenue for the third quarter of 2024 was ¥100,143,780.41, down 2.30% from the same period in 2023[5] - Total operating revenue for the first nine months of 2024 was CNY 290,705,207.18, a slight decrease from CNY 292,234,155.54 in the same period of 2023, representing a decline of approximately 0.18%[28] - Net profit for the first nine months of 2024 was CNY 31,288,218.87, down from CNY 41,288,434.79 in 2023, reflecting a decrease of approximately 24.3%[29] - Basic earnings per share for the first nine months of 2024 were ¥0.27, compared to ¥0.45 in the same period of 2023, indicating a decline of approximately 40%[31] - Operating profit for the first nine months of 2024 was approximately ¥37.43 million, down from ¥47.40 million in the same period of 2023, indicating a decline of about 21%[30] Assets and Liabilities - Total assets as of September 30, 2024, reached ¥564,074,848.22, an increase of 8.59% compared to the end of 2023[5] - The company's debt-to-asset ratio (consolidated) was 20.72% as of September 30, 2024, up from 16.58% at the end of 2023[5] - The company’s total liabilities increased significantly, with long-term borrowings rising by 439.36% to ¥49,027,940.00 due to new bank loans[6] - Total liabilities increased to ¥116,887,292.12 from ¥86,127,117.27, indicating a rise of approximately 35.7%[23] - Current liabilities decreased to CNY 63,853,918.10 from CNY 75,719,872.88, a reduction of approximately 15.7%[27] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was ¥17,173,780.70, an increase of 179.22% compared to the previous year[5] - Cash inflow from investment activities totaled ¥429,439,091.84, up from ¥321,167,781.99 in the previous year, indicating a 33.8% increase[34] - Cash flow from financing activities showed a net inflow of ¥9,724,246.05, compared to ¥17,620,059.23 in the same period last year, reflecting a decrease of 44.8%[33] - The cash inflow from operating activities increased to ¥241,964,183.70 from ¥211,894,448.96, marking a growth of 14.2%[33] Research and Development - Research and development expenses increased by 32.99% to ¥22,417,133.86 due to higher material input and new personnel[6] - Research and development expenses rose to CNY 22,417,133.86, compared to CNY 16,856,524.23 in the previous year, indicating an increase of about 33%[28] - Research and development expenses increased to approximately ¥21.56 million in the first nine months of 2024, up from ¥16.86 million in the same period of 2023, marking an increase of about 28%[30] Shareholder Information - The company reported a total of 121,187,820 shares outstanding, with 31.73% being unrestricted shares[10] - The largest shareholder, Xingtai Huiju Enterprise Management Co., Ltd., holds 30.78% of the shares[11] - The total number of shareholders holding more than 5% of shares is 10, with a combined holding of 74.45%[12] - The company has 5,687 shareholders as of the end of the reporting period[10] Other Financial Metrics - The company reported a significant increase of 155.59% in receivables financing, totaling ¥22,139,511.14, attributed to an increase in high credit-rated receivables[6] - The company recorded a loss of CNY 125,692.36 from other non-operating income and expenses[8] - The company received government subsidies amounting to CNY 1,569,223.31 during the reporting period[8] - The company reported a debt restructuring gain of CNY 66,815.32[8] - The company experienced a 370.07% increase in asset impairment losses, totaling ¥1,136,162.32, due to inventory write-offs[7] - The company reported a credit impairment loss of CNY -2,396,613.08, an improvement from CNY -3,041,211.28 in the previous year[29]
华密新材(836247) - 2024 Q3 - 季度财报