广和通(300638) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥2,141,913,615.41, representing a 4.55% increase compared to ¥2,048,676,621.59 in the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 reached ¥318,438,436.68, a significant increase of 108.87% from ¥152,461,209.68 year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.4173, up 109.80% from ¥0.1989 in the same quarter last year[2]. - Net profit for the current period was ¥656,632,738.94, representing a significant increase of 44.3% from ¥454,989,211.70 in the same period last year[24]. - Basic earnings per share increased to ¥0.8543, compared to ¥0.5984 in the previous year, reflecting a growth of 42.7%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 50.97% to ¥196,767,103.64 compared to ¥401,287,085.42 in the previous year[2]. - Net cash flow from operating activities decreased by 50.97% to ¥196,767,103.64, due to reduced cash receipts from sales and increased cash payments for purchases[9]. - Cash flow from operating activities generated a net amount of ¥196,767,103.64, down from ¥401,287,085.42 in the previous period[26]. - Net cash flow from financing activities decreased by 149.48% to -¥152,588,672.06, mainly due to increased borrowings and annual shareholder dividends[9]. - The net increase in cash and cash equivalents was negative CNY 105,631,409.56, contrasting with a positive increase of CNY 60,192,561.98 in the prior year[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,437,045,241.46, reflecting a 4.82% increase from ¥7,095,286,100.16 at the end of the previous year[2]. - Total liabilities amounted to CNY 3,908,125,497.53, slightly down from CNY 3,966,677,243.02, indicating a decrease of about 1.5%[20]. - Current assets rose to CNY 6,203,361,381.29, compared to CNY 5,485,653,019.50, marking an increase of about 13.1%[20]. - Cash and cash equivalents decreased to CNY 933,184,856.25 from CNY 1,025,157,462.83, a decline of approximately 9.0%[20]. - Short-term borrowings surged to CNY 723,721,099.54 from CNY 274,055,371.87, an increase of approximately 163.5%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,024, with the top ten shareholders holding 36.76% of the shares[10]. - Zhang Tianyu holds 36.76% of the shares, amounting to 281,512,495 shares, with 211,134,371 shares pledged[10]. - As of the end of the reporting period, the total number of restricted shares was 233,721,691, with 29,357,692 shares released from restrictions during the period[16]. Other Income and Expenses - Other income increased by 44.46% to ¥69,470,637.21, primarily due to an increase in software product refunds and government subsidies[8]. - The company reported a credit impairment loss of -¥12,023,771.82, a change of -502.28%, due to increased provisions for bad debts[8]. - The company experienced a fair value change loss of 100% due to the maturity of purchased financial products[8]. - Research and development expenses totaled ¥521,967,258.92, a decrease of 8.83% from ¥572,609,693.81 in the previous period[23]. Business Transactions - The company completed the sale of its vehicle-mounted wireless communication module business for $150 million to EUROPASOLAR S.àr.l., which included assets and liabilities from Rolling Wireless (H.K.) Limited and 100% equity of Luxembourg-based Rolling Wireless S.àr.l.[17]. - The company recorded a disposal gain from subsidiaries amounting to ¥178,996,461.54 during the reporting period[4]. - The company terminated the high-performance intelligent vehicle networking wireless communication module R&D project due to the sale of 100% equity of its subsidiary, resulting in the allocation of remaining funds of CNY 46.742 million to replenish working capital[18]. Comprehensive Income - The company reported a total comprehensive income of ¥676,735,904.95, compared to ¥549,511,339.48 in the same period last year[24]. - Other comprehensive income after tax was ¥20,103,166.01, down from ¥94,522,127.78 in the previous year[24].