美格智能(002881) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥876,476,781.78, representing a year-over-year increase of 63.29% and a quarter-over-quarter increase of 19.84%[2] - Net profit attributable to shareholders for Q3 2024 was ¥57,874,031.73, a significant increase of 189.22% year-over-year and 114.27% quarter-over-quarter[2] - The company achieved a net profit margin of 6.58% in Q3 2024, up from 2.29% in the same period last year[2] - The gross profit margin for Q3 2024 was 15.75%, a decrease of 1.55 percentage points from the previous quarter, primarily due to changes in product mix[2] - The company reported a significant increase in financial expenses, which rose by 114.45% to ¥2,005.99 million, mainly due to foreign exchange losses[6] - The company reported a net profit margin improvement, with operating costs rising to ¥2,088,289,594.56 from ¥1,510,544,907.78, which is a 38% increase[15] - Operating profit reached CNY 95,965,866.51, compared to CNY 62,761,084.39 in the previous year, indicating a year-over-year increase of about 53.0%[16] - The company experienced a total comprehensive income of CNY 90,084,304.48, compared to CNY 69,275,669.76 in the previous year, marking an increase of approximately 30.0%[17] Revenue and Costs - The company's operating revenue for the current period reached ¥218,202.82 million, a year-on-year increase of 39.90% primarily due to growth in wireless communication module and solution business[6] - Operating costs increased to ¥182,741.33 million, reflecting a 45.10% rise, mainly driven by higher costs associated with wireless communication modules and solutions[6] - The company experienced a 30.26% increase in taxes and surcharges, amounting to ¥507.41 million, primarily due to increased VAT payable[6] - The company reported a 44.18% decrease in other income, totaling ¥882.85 million, mainly due to a reduction in government subsidies received[6] Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥41,664,347.49, reflecting a 49.33% decrease year-over-year[2] - The net cash flow from operating activities was -¥4,166.43 million, a decrease of 49.33% compared to the previous period, primarily due to increased cash payments for goods and services[7] - The net cash flow from investing activities improved to ¥3,672.13 million, a significant increase of 181.49%, mainly due to reduced cash payments for intangible asset acquisitions[7] - The net cash flow from financing activities decreased to ¥10,423.73 million, down 57.46%, primarily due to a reduction in cash received from investments[7] - The company reported investment losses of CNY -7,893,785.65, worsening from CNY -6,004,215.64 in the previous year[16] Assets and Liabilities - The total assets of the company at the end of Q3 2024 were ¥2,334,222,615.70, an increase of 8.84% from the end of the previous year[2] - Current assets totaled ¥1,866,484,505.92, up from ¥1,605,279,673.59, indicating an increase of approximately 16.3%[13] - The total liabilities rose to ¥808,709,201.20 from ¥664,929,628.70, reflecting an increase of about 21.6%[14] - The company's equity attributable to shareholders increased to ¥1,527,192,711.55 from ¥1,480,857,725.62, a growth of approximately 3.1%[14] Share Repurchase - The company plans to repurchase shares using its own funds, with a total amount not less than ¥25 million and not exceeding ¥50 million, at a price not exceeding ¥37.50 per share[10] - As of September 30, 2024, the company had repurchased a total of 1,484,150 shares, accounting for 0.57% of the total share capital, with a total expenditure of ¥27,280,848.80[11] Research and Development - Research and development expenses for the first three quarters totaled ¥148 million, slightly down from ¥156 million in the same period last year[2] - Research and development expenses were ¥148,286,676.52, slightly down from ¥155,855,989.29, showing a decrease of about 4.5%[15] Inventory and Borrowings - The inventory decreased to ¥470,932,133.02 from ¥526,318,670.04, representing a decline of about 10.6%[12] - Short-term borrowings surged to ¥130,021,400.49 from ¥5,016,361.11, indicating a significant increase in leverage[13] Earnings Per Share - Basic and diluted earnings per share were both CNY 0.35, an increase from CNY 0.27 in the same quarter last year[17]