宏达新材(002211) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥109,701,644.80, an increase of 82.47% compared to the same period last year[2] - The net profit attributable to shareholders was -¥3,275,612.44, a decrease of 17.81% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,842,241.45, reflecting a 28.08% increase in losses compared to the previous year[2] - Total operating revenue for the current period reached ¥222,251,485.82, an increase of 25.5% compared to ¥176,987,024.07 in the previous period[18] - Total operating costs amounted to ¥231,495,613.76, up from ¥189,647,476.89, reflecting a rise of 22.0%[18] - The company reported a net loss of ¥-18,055,971.93, worsening from a net loss of ¥-15,479,600.99 in the prior period[20] - Basic and diluted earnings per share were both ¥-0.0418, compared to ¥-0.0358 in the previous period[20] Assets and Liabilities - The total assets as of September 30, 2024, amounted to ¥380,250,487.70, representing a 22.84% increase from the end of the previous year[2] - The company reported a total asset of 380,250,487.70, an increase from 309,559,441.38 at the beginning of the period, reflecting a growth of approximately 22.8%[15] - Current assets increased to 281,350,765.29 from 223,212,161.50, representing a growth of about 26%[15] - Total liabilities reached 335,042,207.29, up from 246,295,189.04, which is an increase of approximately 36%[17] - The company's equity attributable to shareholders decreased to 45,208,280.41 from 63,264,252.34, a decline of about 28.6%[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥14,248,705.97, a significant decline of 477.82% compared to the same period last year[2] - The net cash flow from operating activities was negative at ¥-14,248,705.97, compared to a positive cash flow of ¥3,771,298.62 in the previous period[21] - The company generated cash inflows from operating activities totaling ¥226,201,998.61, an increase from ¥191,431,523.49 in the previous period[21] - The net cash flow from investing activities was -3,016,769.54 CNY, compared to -6,583,049.53 CNY in the previous period, indicating an improvement[22] - The net cash flow from financing activities was -2,683,068.38 CNY, compared to -1,019,667.68 CNY in the previous period, reflecting increased cash outflows[22] - The cash and cash equivalents at the end of the period were 30,520,755.90 CNY, down from 71,043,335.24 CNY at the beginning of the period[22] - The company reported a decrease in cash and cash equivalents by 19,918,770.27 CNY during the quarter[22] Inventory and Receivables - The inventory level increased to ¥5,058.99 million, a rise of 233.05% year-on-year, indicating a buildup of product stock[5] - Accounts receivable rose to ¥3,395.03 million, an increase of 82.98%, attributed to extended credit terms offered to select customers[5] - Accounts receivable increased significantly to 33,950,323.49 from 18,553,929.74, marking an increase of approximately 83%[15] Legal Matters - The company reported a total of 49 formal litigation materials received, with 21 cases mediated for a total amount of RMB 1.2803 million, and 179.77 million RMB still unresolved[9] - The company is involved in a lawsuit where it is required to pay RMB 8.48 million to Shanghai Aoyin Investment Management Co., Ltd., with the case currently under appeal[11] - The company has made provisions for expected liabilities due to ongoing litigation, with the final impact to be determined by subsequent court rulings[9] - The company is actively monitoring ongoing litigation and will fulfill its information disclosure obligations[9] - The company has initiated legal proceedings to address disputes related to its subsidiaries, which may affect future financial performance[13] Shareholder Information - The company recorded a total of 37,113 common shareholders by the end of the reporting period[6] - The company has a major shareholder, Jiangsu Weilen Investment Management Co., Ltd., holding 29.07% of shares, with 28,325,124 shares frozen[7] - The company has not disclosed any changes in the participation of major shareholders in margin financing and securities lending activities[8] - The company has not reported any significant changes in the shareholding structure of the top ten shareholders[8] - The company is undergoing a share transfer process involving 68,190,619 shares (15.77% of total shares) to its actual controller, which may impact future governance[14] Production and Operations - The company’s subsidiary, Tianchang Xindongcheng New Materials Co., Ltd., has commenced normal production operations following the lease agreement[10] - The company has signed a lease agreement for a factory and equipment with Anhui Maiteng New Materials Co., Ltd., with an annual rent of RMB 5,018,408.95 for a five-year term[10] Research and Development - Research and development expenses were ¥5,246,421.87, down from ¥6,240,426.46, indicating a decrease of 16.0%[18] Financial Reporting - The report was released on October 28, 2024, and is not audited[22] - The company did not undergo an audit for the third quarter report[22] - The company has not applied the new accounting standards for the current financial year[22]