恒兴新材(603276) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥208,044,037.86, representing a year-on-year increase of 39.28%[2] - The net profit attributable to shareholders for Q3 2024 was ¥2,704,464.52, showing a significant decrease of 85.61% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥101,999.39, down 99.45% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.01, a decrease of 89.13% year-on-year[3] - The net profit for the third quarter of 2024 was CNY 34,536,365.34, a decrease of 45.0% compared to CNY 63,042,033.99 in the same period of 2023[15] - The operating profit for the third quarter of 2024 was CNY 41,190,599.33, down from CNY 74,775,239.75 in the third quarter of 2023, reflecting a decline of 45.0%[15] - The total profit for the third quarter of 2024 was CNY 41,062,316.80, compared to CNY 74,572,865.05 in Q3 2023, reflecting a decline of 45.0%[15] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.17, down from CNY 0.40 in Q3 2023, a decrease of 57.5%[16] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was negative at -¥4,014,988.74, a decline of 110.40% compared to the previous year[3] - The net cash flow from operating activities for the year-to-date period decreased by 110.40%, mainly due to increased cash payments for goods purchased compared to the same period last year[7] - Cash flow from operating activities for the first three quarters of 2024 was negative at CNY -4,014,988.74, compared to a positive CNY 38,624,210.38 in the same period of 2023[17] - Total cash inflow from operating activities in the first three quarters of 2024 was CNY 561,724,264.16, an increase from CNY 450,888,555.97 in the first three quarters of 2023[17] - Current assets decreased to CNY 1,103,541,630.59 as of September 30, 2024, down from CNY 1,184,946,181.02 at the end of 2023, a decline of 6.9%[12] - Cash and cash equivalents dropped significantly to CNY 182,019,314.90 from CNY 310,800,959.09, a decrease of 41.3%[12] - The ending balance of cash and cash equivalents stood at 179,706,094.15 CNY, down from 381,876,003.46 CNY in the previous period[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 17,605, with the largest shareholder, Yixing Zhonggang Investment Co., Ltd., holding 46.95% of the shares[8] - The top ten shareholders do not participate in margin trading or securities lending activities[9] - There are no significant changes in the participation of major shareholders in margin trading or securities lending compared to the previous period[9] Industry and Market Conditions - The increase in operating revenue was primarily due to an increase in product sales during the reporting period[6] - The decline in net profit was mainly attributed to a cyclical adjustment in the downstream pesticide industry, leading to a decrease in gross profit contribution from related products[6] - The report indicates that the pesticide industry, which is a key downstream sector for the company, is undergoing cyclical adjustments affecting gross profit contributions[7] Investment Activities - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets was 91,537,571.69 CNY, compared to 47,588,351.64 CNY in the previous period, reflecting increased investment in long-term assets[18] - Cash paid for investments amounted to 1,314,176,794.52 CNY, significantly higher than 515,000,000.00 CNY in the previous period, indicating aggressive investment strategies[18] - The cash flow from investment activities totaled 1,409,641,102.43 CNY in outflows, compared to 562,588,351.64 CNY in the previous period, highlighting increased capital expenditures[18] Government Support - The company received government subsidies amounting to ¥321,000.00 during the reporting period, contributing to its financial performance[4] Research and Development - Research and development expenses increased to CNY 17,427,776.94 in Q3 2024, up from CNY 11,700,934.18 in Q3 2023, representing a growth of 48.8%[15]