MKMCHINA(300195)2024-10-28 08:08Financial Performance - The company's revenue for Q3 2024 was ¥384,817,008.08, a decrease of 9.07% compared to the same period last year[3] - Net profit attributable to shareholders was ¥12,284,445.83, an increase of 6,021.24% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥7,152,396.42, up 835.20% compared to the previous year[3] - Total operating revenue for Q3 2024 was CNY 1,139,713,980.99, a decrease of 4.6% compared to CNY 1,195,079,335.06 in the same period last year[12] - The net profit for Q3 2024 was CNY 12,360,213.08, compared to CNY 11,410,929.97 in the previous year, showing an increase of 8.3%[12] - The total profit for Q3 2024 was CNY 13,542,180.91, a decrease from CNY 13,686,978.65 in Q3 2023[14] - The net profit for Q3 2024 was CNY 1,136,905.21, down from CNY 4,544,966.89 in the same period last year, representing a decline of approximately 75%[14] - The company reported a total comprehensive income of CNY 1,444,159.81 for Q3 2024, significantly lower than CNY 8,561,619.01 in Q3 2023[14] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.0080, down from CNY 0.0100 in Q3 2023[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,330,343,345.39, reflecting a 1.15% increase from the end of the previous year[3] - Total liabilities increased to CNY 3,480,862,350.05 from CNY 3,422,637,683.66, reflecting a rise of 1.7%[11] - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 232,087,661.10, slightly up from CNY 231,380,739.85 at the beginning of the quarter[10] - Accounts receivable decreased to CNY 304,657,646.61 from CNY 315,049,438.05, indicating a reduction of 3.9%[10] - Inventory increased to CNY 958,824,020.09, up from CNY 869,278,851.95, representing a growth of 10.3%[10] - Short-term borrowings decreased to CNY 436,016,161.23 from CNY 539,098,402.86, a decline of 19.1%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,876[7] - The largest shareholder, Li Li, holds 19.35% of the shares, totaling 81,993,000 shares[7] - Tianjin Mingxuan Investment Co., Ltd. is the second-largest shareholder with an 11.55% stake, amounting to 48,931,000 shares[7] - The total number of restricted shares held by Li Li is 61,494,750, which will be unlocked at a rate of 25% annually[8] - The total number of restricted shares for Tianjin Mingxuan Investment Co., Ltd. is 47,925,000, also subject to a 25% annual unlock[8] - The total number of unrestricted circulating shares held by the top ten shareholders is 20,498,250[7] - The company has not reported any changes in the number of preferred shareholders or their holdings[8] - The total number of restricted shares at the beginning of the period was 109,781,775, with an increase of 13,500 shares during the period[8] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥50,678,169.36, representing a significant increase of 185.08%[3] - The net cash flow from operating activities for Q3 2024 was CNY 50,678,169.36, an increase from CNY 17,776,539.32 in Q3 2023[15] - Cash received from sales and services in Q3 2024 was CNY 1,131,974,314.09, compared to CNY 1,745,211,951.03 in Q3 2023, indicating a decrease of about 35%[15] - The total cash flow from financing activities in Q3 2024 was CNY -40,521,055.39, an improvement from CNY -72,145,330.34 in Q3 2023[16] - The company received CNY 4,871,488.00 from investment in Q3 2024, a significant decrease from CNY 47,961,767.23 in Q3 2023[16] Research and Development - The company reported R&D expenses of CNY 55,588,085.67, an increase from CNY 51,110,106.64 in the same period last year, indicating a growth of 8.7%[12] Other Information - The company received government subsidies amounting to ¥322,435.24 during the reporting period[4] - The company has not disclosed any significant events or changes in strategy during the reporting period[9] - The financial statements for the quarter are yet to be detailed in the report[9] - The company reported a significant increase in investment income of 260.86% year-on-year, amounting to ¥1,463.17[6] - The company has adopted new accounting standards effective January 1, 2024, which do not impact the financial data for the reporting period[17]