FORTUNE(603173)2024-10-28 08:32Financial Performance - The company's operating revenue for Q3 2024 reached ¥744,157,475.33, representing a year-on-year increase of 34.39%[2] - Net profit attributable to shareholders for Q3 2024 was ¥103,109,490.89, a significant increase of 113.74% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥98,816,107.12, up 134.08% year-on-year[2] - The net profit attributable to shareholders for the year-to-date period increased by 44.85% to ¥207,584,486.11[2] - Net profit attributable to the parent company for the first three quarters of 2024 was CNY 561,125,243.02, compared to CNY 412,740,756.91 in 2023, marking an increase of 36%[15] - The net profit for Q3 2024 reached CNY 207,584,486.11, a significant increase of 45% compared to CNY 143,310,174.52 in Q3 2023[18] - The total profit for Q3 2024 was CNY 239,592,296.98, up from CNY 158,857,658.84 in the same period last year, reflecting a growth of approximately 51%[18] Earnings Per Share - The basic earnings per share for Q3 2024 was ¥0.65, representing a 116.67% increase compared to the same period last year[4] - The diluted earnings per share for Q3 2024 was also ¥0.65, reflecting the same growth rate as the basic earnings per share[4] - The basic and diluted earnings per share for Q3 2024 were both CNY 1.30, compared to CNY 0.92 in Q3 2023, indicating a 41% increase[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,974,059,229.01, reflecting a 13.12% increase from the end of the previous year[4] - Total assets as of the end of Q3 2024 amounted to CNY 4,974,059,229.01, up from CNY 4,397,161,854.59 at the end of Q3 2023, representing a growth of 13.14%[16] - Current liabilities totaled CNY 3,339,082,311.09, an increase from CNY 2,913,345,964.60 in the previous year, indicating a rise of 14.59%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 32.14% to ¥101,465,270.02, primarily due to increased raw material purchases and the maturity of accounts payable[8] - Cash flow from operating activities for the first three quarters of 2024 was CNY 101,465,270.02, down from CNY 149,526,192.07 in the same period of 2023, representing a decline of about 32%[21] - The total cash inflow from operating activities for the first three quarters of 2024 was CNY 1,650,863,956.97, compared to CNY 1,743,810,697.62 in 2023, a decrease of approximately 5.3%[20] - The cash outflow from investing activities in Q3 2024 was CNY 476,771,881.90, significantly higher than CNY 65,261,737.77 in Q3 2023[21] - The net cash flow from financing activities in Q3 2024 was negative CNY 83,751,304.30, compared to a positive CNY 527,857,566.47 in Q3 2023, indicating a substantial shift in financing[21] - The ending balance of cash and cash equivalents as of Q3 2024 was CNY 560,704,782.05, down from CNY 699,699,931.41 at the end of Q3 2023[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,154[9] - The largest shareholder, Hangzhou Fostar Holdings Co., Ltd., holds 95,715,000 shares, accounting for 59.82% of total shares[9] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 65,063,599.63, a decrease from CNY 68,550,246.84 in 2023, reflecting a reduction of 7.24%[17] Other Financial Metrics - The weighted average return on net assets for Q3 2024 was 6.58%, an increase of 3.09 percentage points compared to the same period last year[4] - The company reported a foreign exchange loss of CNY 3,378,123.25 in Q3 2024, contrasting with a gain of CNY 3,254,263.02 in Q3 2023[21] - The company received CNY 54,912,329.60 in tax refunds during the first three quarters of 2024, a significant increase from CNY 16,837,530.98 in the same period of 2023[20] Share Repurchase - The company plans to repurchase shares with a total fund amount between RMB 15 million and RMB 30 million, at a price not exceeding RMB 23 per share[12] - The company has initiated its first share repurchase on October 17, 2024, following the board's approval[12]