明阳电路(300739) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was CNY 409,775,859.40, an increase of 0.53% year-over-year, but a decrease of 3.77% year-to-date[3] - Net profit attributable to shareholders for Q3 2024 was CNY 2,700,235.56, down 86.72% year-over-year, and down 57.59% year-to-date[3] - The net profit after deducting non-recurring gains and losses for Q3 2024 was CNY 1,320,089.42, a decrease of 91.70% year-over-year, and down 71.90% year-to-date[3] - Total operating revenue for the current period is ¥1,189,258,740.31, a decrease of 3.77% compared to ¥1,235,843,894.43 in the previous period[23] - Net profit for the current period is ¥33,413,679.02, down 58.1% from ¥79,671,653.70 in the previous period[24] - Basic and diluted earnings per share decreased to ¥0.11 from ¥0.27, representing a decline of 59.26%[25] - Total comprehensive income for the current period is ¥36,955,316.06, down from ¥81,043,626.80, reflecting a decrease of 54.5%[24] Assets and Liabilities - The company's total assets at the end of Q3 2024 were CNY 3,446,708,133.90, a decrease of 0.97% compared to the end of the previous year[3] - As of September 30, 2024, the company's total assets amounted to CNY 3,446,708,133.90, a decrease from CNY 3,480,608,012.91 at the beginning of the period[22] - The total current liabilities decreased to CNY 596,366,160.88 from CNY 609,893,536.75[21] - The company's total equity attributable to shareholders reached CNY 1,973,003,119.24, up from CNY 1,909,326,245.11[22] - The company's total liabilities decreased to CNY 1,472,678,475.67 from CNY 1,567,958,874.40[21] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 119,620,477.43, a decrease of 55.55% year-over-year[3] - Cash flow from operating activities generated ¥119,620,477.43, a significant decrease of 55.54% compared to ¥269,086,077.59 in the previous period[26] - The net cash flow from investment activities was -79,900,991.63 CNY, an improvement from -466,009,624.45 CNY in the previous period[27] - The total cash inflow from financing activities was 113,724.91 CNY, compared to 442,134,529.86 CNY in the previous period[27] - The net cash flow from financing activities was -78,747,126.08 CNY, a significant decrease from 290,203,636.64 CNY in the previous period[27] - The cash and cash equivalents at the end of the period were 144,892,831.28 CNY, down from 399,993,692.81 CNY at the beginning of the period[27] - The net increase in cash and cash equivalents was -29,475,198.87 CNY, contrasting with an increase of 90,805,992.83 CNY in the previous period[27] - The company reported a total cash outflow from investment activities of 1,949,013,235.71 CNY, compared to 2,549,015,200.38 CNY in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,005[12] - The largest shareholder, Fengxian Runjiaxi Enterprise Management Co., Ltd., holds 53.64% of shares, totaling 163,871,263 shares[12] - The second-largest shareholder, Yugan County Shengjian Enterprise Management Center (Limited Partnership), holds 4.09% of shares, totaling 12,498,411 shares[12] - The total number of restricted shares at the beginning of the period was 6,059,500, with 2,200,600 shares released during the period[15] - The number of shares held by Sun Wenbing decreased from 3,219,600 to 2,414,700 due to the release of restricted shares[14] - The company has a total of 6,297,757 shares held by Xunwu County Shenggaoying Venture Capital Co., Ltd., accounting for 2.06% of shares[12] - The company has a total of 1,804,857 shares held by Yunnan Jianxi Enterprise Management Center (Limited Partnership), accounting for 0.59% of shares[12] - The company decided to repurchase and cancel a total of 1,395,700 restricted shares from 62 former incentive recipients[18] Expenses - Financial expenses increased by 418.30% year-over-year, primarily due to increased convertible bond interest expenses and decreased exchange gains[9] - Research and development expenses decreased to ¥57,579,191.65 from ¥66,849,670.76, a reduction of 13.5%[23] - Sales expenses increased to ¥49,435,263.29 from ¥40,270,755.41, marking a rise of 22.5%[23] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 0.13%, down 0.98% year-over-year[3] - The company reported a significant increase in asset disposal gains of 488.48% year-over-year, attributed to increased fixed asset disposal gains[10] - The net cash flow from investment activities improved by 82.85% year-over-year, mainly due to reduced cash payments for fixed asset purchases and investments[11] - The company experienced a 486.10% increase in the impact of exchange rate changes on cash and cash equivalents[11] - Other comprehensive income after tax for the current period is ¥3,541,637.04, compared to ¥1,371,973.10 in the previous period, showing an increase of 158.5%[24] - The company experienced a foreign exchange impact on cash and cash equivalents of 9,552,441.41 CNY, compared to -2,474,096.95 CNY in the previous period[27] Convertible Bonds - The company has issued convertible bonds "Mingdian Convertible Bonds" with a reduced conversion price from 11.89 RMB/share to 11.91 RMB/share[16] - The company reported a decrease of 600,122 shares in the conversion of "Mingdian Convertible Bonds" in Q2 2024[16] - The company has not experienced any conversions of "Mingdian Convertible Bonds" in Q3 2024[16]