龙星化工(002442) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 reached ¥1,087,845,081.61, an increase of 4.45% compared to the same period last year[2] - Net profit attributable to shareholders was ¥49,587,085.12, up 5.13% year-on-year[2] - Net profit excluding non-recurring items was ¥48,719,824.14, reflecting a 5.72% increase from the previous year[2] - Total operating revenue for the current period is ¥3,123,395,637.03, a decrease of 2.32% from ¥3,197,722,771.09 in the previous period[25] - Net profit for the current period is ¥112,105,583.82, an increase of 7.06% compared to ¥103,851,744.87 in the previous period[27] - The total profit for the current period is ¥120,287,782.33, an increase from ¥107,111,739.01 in the previous period[26] - Basic and diluted earnings per share for the current period are both ¥0.2298, up from ¥0.2146 in the previous period[27] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥4,335,400,396.90, representing a 13.98% increase from the end of the previous year[2] - The company’s total liabilities increased to CNY 2.45 billion from CNY 2.08 billion, marking an increase of approximately 18%[24] - The company’s equity attributable to shareholders rose to CNY 1.88 billion from CNY 1.72 billion, an increase of about 9.5%[24] - The company’s long-term borrowings increased to CNY 481.65 million from CNY 374.62 million, representing a growth of approximately 28.5%[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥182,386,410.35, a significant decline of 339.50% year-on-year[2] - The net cash flow from investing activities was -356,471,889.94, an increase of 138.87% compared to the previous year, attributed to higher investment project expenditures[6] - Cash received from financing activities surged by 1367.80% to 804,887,619.38, mainly due to funds raised from convertible bonds and equity incentives[6] - The company reported a decrease in financial expenses to ¥37,323,151.34 from ¥25,147,177.86 in the previous period, indicating improved cost control[25] - The net cash flow from financing activities improved to 426,961,067.30 CNY, compared to a negative cash flow of -18,686,935.32 CNY in the same period last year[29] Inventory and Expenses - Inventory increased by 32.35% to ¥551,905,322.70, attributed to preparations for the Shanxi project[5] - The company reported a 48.42% increase in financial expenses, totaling ¥37,323,151.34, mainly due to reduced exchange gains[5] - Research and development expenses increased to ¥23,783,121.10, up from ¥21,227,029.82 in the previous period, reflecting a focus on innovation[25] - The company experienced a significant increase in income tax expenses, which rose by 150.99% to 8,182,198.51 due to higher profits[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,189, with the largest shareholder holding 19.45% of the shares[7] - The company approved the 2023 profit distribution plan at the shareholders' meeting on May 21, 2024, and the distribution was implemented on June 20, 2024[13] - The company completed the second unlock period for its 2021 stock incentive plan, allowing 337,880 shares to be listed on April 22, 2024[14] - A total of 2,850,000 shares from the first grant of the 2021 stock incentive plan were unlocked and listed on July 4, 2024[14] Capital and Financing Activities - The company received approval from the China Securities Regulatory Commission to issue convertible bonds to unspecified investors[9] - The company issued 7,547,539 convertible bonds at a face value of RMB 100 each, totaling RMB 754.7539 million, which began trading on March 6, 2024[10] - The conversion price for the convertible bonds was adjusted from RMB 6.13 per share to RMB 6.01 per share effective June 20, 2024, and further adjusted to RMB 5.92 per share on September 3, 2024[10] - The company approved a capital increase of CNY 500 million to its wholly-owned subsidiary Shanxi Longxing to implement fundraising projects[20] Other Information - The company established a wholly-owned subsidiary, Hong Kong Longxing Holdings Limited, which has completed registration procedures[21] - The third quarter report was not audited, which may affect the reliability of the financial data presented[29] - The company did not report any new product launches or technological advancements in the provided content[30]