东来技术(688129) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥172,854,147.85, an increase of 8.93% year-over-year, while the year-to-date revenue was ¥438,892,003.71, up 22.08% compared to the same period last year[1] - Net profit attributable to shareholders for Q3 2024 was ¥28,635,453.43, reflecting a significant increase of 37.52% year-over-year, and the year-to-date net profit reached ¥65,035,625.83, up 127.53% compared to the previous year[1] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥21,041,968.76, a 67.31% increase year-over-year, while the year-to-date figure was ¥41,010,789.19, showing a remarkable increase of 981.35%[1] - Basic and diluted earnings per share for Q3 2024 were both ¥0.26, an increase of 44.44% year-over-year, while year-to-date earnings per share were ¥0.58, up 141.67%[2] - Operating profit for the third quarter of 2024 was CNY 73,064,979.67, significantly higher than CNY 33,539,801.55 in the previous year, marking an increase of over 117%[15] - Net profit for the third quarter of 2024 was CNY 65,035,625.83, compared to CNY 28,582,954.05 in the same quarter of 2023, representing an increase of approximately 128%[15] Research and Development - Research and development expenses totaled ¥8,624,648.84 for Q3 2024, representing 4.99% of operating revenue, with a year-to-date total of ¥22,880,718.22, which is a decrease of 0.6 percentage points compared to the previous year[2] - Research and development expenses for the first three quarters of 2024 totaled CNY 22,880,718.22, up from CNY 20,888,497.42, indicating a focus on innovation and product development[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,598,942,861.47, a 1.77% increase from the previous year-end, while the equity attributable to shareholders was ¥849,145,705.69, a decrease of 2.14%[2] - As of September 30, 2024, the company's total current assets amounted to RMB 1,280,988,257.27, an increase from RMB 1,261,459,135.12 as of December 31, 2023, reflecting a growth of approximately 1.6%[12] - Current liabilities rose to CNY 746,512,593.58, compared to CNY 699,977,217.89, indicating an increase of about 6.6%[14] - The total equity attributable to shareholders decreased to CNY 849,145,705.69 from CNY 867,711,721.38, a decline of approximately 2.1%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥35,853,932.25, with a significant increase in procurement costs due to higher sales volume[2] - Cash inflow from operating activities for the first three quarters of 2024 is CNY 389,988,821.57, compared to CNY 362,894,156.97 in the same period of 2023, reflecting an increase of about 7.5%[17] - Cash outflow from operating activities for the first three quarters of 2024 is CNY 425,842,753.82, up from CNY 387,208,070.10 in 2023, which is an increase of approximately 10%[17] - The company reported a net cash outflow from financing activities of CNY 31,827,305.11 in Q3 2024, contrasting with a net inflow of CNY 241,600,203.46 in Q3 2023[18] Shareholder Information - The top shareholder, Shanghai Donglai Technology Co., Ltd., holds 44.28% of the shares, while the second-largest shareholder, Zhu Zhongmin, holds 17.20%[6] - The company has a total of 9,295,573 shares held in the repurchase account, accounting for 7.72% of the total share capital[9] - The company approved a stock incentive plan on August 19, 2024, granting 2,341,650 shares at a price of RMB 10.88 per share to 293 incentive targets[10] - The company’s major shareholder, Zhu Zhongmin, holds a 90% stake in both Donglai Technology and Yueshun Investment[8] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[14]