Financial Performance - The company's revenue for Q3 2024 was ¥218,431,457.96, representing an increase of 11.17% compared to the same period last year[1]. - The net profit attributable to shareholders for Q3 2024 was ¥1,029,627.08, a decrease of 82.18% year-over-year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,009,105.33, a decline of 264.70% compared to the previous year[1]. - The company’s total revenue for the first nine months of 2024 reached ¥651,825,797.19, an increase of 16.54% year-over-year[4]. - Net profit attributable to shareholders decreased by 73.57% to ¥5,022,284.42 compared to the previous period, primarily due to increased expenses and losses from a subsidiary in the energy storage business[5]. - Operating revenue maintained good growth, with a stable gross profit margin, contributing to a net profit of ¥18,611,444.59, down 2.07% year-on-year[5]. - The net profit for the third quarter was ¥5,022,284.42, a significant decrease of 73.6% from ¥19,005,478.43 in the previous year[16]. - The earnings per share (EPS) for the third quarter remained stable at ¥0.15, compared to ¥0.15 in the same period last year[16]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥1,522,115,238.42, reflecting a growth of 3.22% from the end of the previous year[1]. - The total liabilities increased to ¥709,064,303.74, up from ¥659,966,619.92 year-over-year[14]. - The equity attributable to the parent company reached ¥834,952,433.88, an increase from ¥825,416,075.45 in the previous year[14]. - The total current assets at the end of the reporting period amounted to approximately 845 million CNY, compared to 804 million CNY at the beginning of the period[12]. - Fixed assets increased from approximately 411 million CNY to about 619 million CNY during the reporting period[12]. Cash Flow - The company’s cash flow from operating activities showed a net amount of ¥23,068,695.52, which decreased by 79.46% compared to the same period last year[1]. - Cash flow from operating activities decreased by 79.46% to ¥23,068,695.52, primarily due to slower sales collection efficiency and rising employee compensation[6]. - The total cash inflow from investment activities is ¥197,898,959.35, significantly lower than ¥765,446,578.22 in the previous period, indicating a decline of 74.1%[17]. - The net cash flow from financing activities is -¥54,931,383.64, an improvement from -¥170,672,492.61 in the previous period[18]. - The total cash and cash equivalents at the end of the period is ¥80,730,747.37, compared to ¥192,033,518.02 at the end of the previous period, reflecting a decrease of 58.1%[18]. Expenses - The company’s gross profit margin decreased due to a corresponding increase in operating costs, which rose by 16.95% to ¥471,326,592.67[4]. - Sales expenses increased by 37.18% to ¥49,618,750.72, mainly due to higher costs associated with overseas market expansion and stock-based compensation[5]. - Financial expenses surged by 108.87% to ¥10,519,870.05, attributed to increased convertible bond interest expenses[5]. - Research and development expenses increased to ¥76,356,988.53, representing a rise of 19.4% compared to ¥63,965,714.04 in the same period last year[15]. Revenue Growth - The company reported a significant increase in receivables financing, which rose by 281.26% to ¥16,865,129.54 due to an increase in bank acceptance bills received from customers[4]. - The company achieved a revenue of 652 million CNY in the first three quarters of 2024, representing a year-on-year increase of 16.54%[9]. - The overseas sales revenue reached 102 million CNY, marking a year-on-year increase of 43.80%[9]. - The company launched multiple new LED driver power products and energy storage inverters/converters during the reporting period, with LED driver sales increasing by 30.97%[9]. Other Income - The company reported a substantial increase in other income, up 101.41% to ¥6,306,274.33, mainly from government subsidies[5]. - The company recorded an investment income of ¥8,764,399.90, an increase of 85.21% due to returns from bank wealth management products[5]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,840, with the top two shareholders each holding 24.35% of the shares[7]. Product Development - The company introduced the GAINEX family of industrial lighting LED driver power supplies, featuring six innovative designs[10]. - In the plant lighting sector, the company launched new power supplies with an efficiency of 95.5% and multiple protective features[11]. - The company’s subsidiary, Songsheng Innovation, launched several breakthrough energy storage products, including a 235kW three-phase high-voltage energy storage inverter[12]. Audit Status - The company has not undergone an audit for the third quarter report[19].
崧盛股份(301002) - 2024 Q3 - 季度财报