东威科技(688700) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was ¥187,538,976.86, a decrease of 19.13% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥12,721,829.51, down 72.85% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 decreased by 75.79%[9] - Basic and diluted earnings per share for Q3 2024 were both ¥0.04, a decline of 74.01% compared to the same period last year[9] - The net profit attributable to shareholders for the year-to-date period decreased by 54.12% compared to the same period last year[7] - Total operating revenue for the first three quarters of 2024 was CNY 579,677,291.04, a decrease of 20.7% compared to CNY 730,805,658.57 in the same period of 2023[17] - Net profit for the first three quarters of 2024 was CNY 68,401,354.32, down 54.1% from CNY 149,072,589.33 in the previous year[20] - Total operating revenue for the first three quarters of 2024 was CNY 501,366,571.67, a decrease of 29.0% compared to CNY 706,712,639.01 in the same period of 2023[25] - Net profit for the first three quarters of 2024 was CNY 117,009,462.67, down 12.9% from CNY 134,260,227.54 in the first three quarters of 2023[26] Research and Development - R&D investment totaled ¥20,982,074.80 in Q3 2024, representing 11.19% of revenue, an increase of 3.45 percentage points from the previous year[3] - Research and development expenses rose to CNY 62,583,955.94, an increase of 9.5% compared to CNY 57,370,903.57 in the previous year[19] - Research and development expenses for the first three quarters of 2024 were CNY 45,683,816.18, an increase of 8.5% compared to CNY 42,111,322.88 in the first three quarters of 2023[25] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥2,521,852,469.31, a 1.61% increase from the end of the previous year[3] - As of September 30, 2024, the total current assets amounted to approximately RMB 1.55 billion, a decrease of 3.7% from RMB 1.60 billion at the end of 2023[14] - The company's total liabilities increased to CNY 789,128,768.08 from CNY 745,606,502.07, marking a rise of 5.8%[19] - Non-current liabilities totaled CNY 59,596,038.53, up from CNY 48,505,271.90, indicating a growth of 22.5%[19] - Total liabilities as of the end of Q3 2024 were CNY 667,807,506.38, slightly up from CNY 659,008,774.20 at the end of Q3 2023[24] - The total assets of the company reached approximately RMB 2.52 billion, a slight increase from RMB 2.48 billion at the end of 2023[15] Cash Flow - The net cash flow from operating activities for the first three quarters of 2024 was -7,499,257.68 RMB, an improvement from -45,286,010.77 RMB in the same period of 2023[21] - The net cash flow from investment activities was 119,560,994.34 RMB, a significant recovery from -594,528,410.75 RMB in the same period of 2023[22] - The company's cash inflow from sales of goods and services was 483,970,416.09 RMB, down from 523,211,224.36 RMB in the same period of 2023[21] - The cash outflow for purchasing goods and services was 271,670,197.36 RMB, a decrease from 330,399,257.37 in the same period of 2023[21] - The net cash flow from operating activities was -28,226,693.67, compared to -98,744,818.48 in the previous year[29] - Total cash inflow from investment activities was 807,332,007.81, down from 875,946,472.62 year-over-year[29] Inventory and Receivables - Inventory levels rose significantly to approximately RMB 526.72 million, up 28% from RMB 411.57 million at the end of 2023[14] - The company's accounts receivable increased to approximately RMB 678.71 million from RMB 636.01 million, reflecting a growth of 6.7%[14] - The company's inventory rose to 294,908,832.86 RMB, up from 229,587,926.02 RMB in the previous year[23] - The accounts receivable increased to 622,483,269.80 RMB, compared to 603,658,981.93 RMB at the end of 2023[22] Financial Performance - The weighted average return on equity was 0.74%, a decrease of 2 percentage points year-over-year[2] - The company's total equity attributable to shareholders of the parent company was CNY 1,732,723,701.23, slightly down from CNY 1,736,315,757.41[19] - The company's total equity increased to CNY 1,571,584,982.65 in Q3 2024 from CNY 1,526,942,923.35 in Q3 2023, reflecting a growth of 2.9%[24] - The company's financial expenses improved, showing a net income of CNY -1,752,948.56 in the first three quarters of 2024 compared to CNY -7,484,890.75 in the same period of 2023[25] Other Information - The company attributed the decline in revenue and profit primarily to decreased income from new energy equipment and rising raw material prices[7] - Non-recurring gains for Q3 2024 included government subsidies amounting to ¥1,466,855.52[5] - The company has not reported any significant new strategies or product developments during the reporting period[13] - The company has adopted new accounting standards starting from 2024, which may affect the financial statements[29]