longda(SH:688231)2024-10-28 10:08Revenue and Profitability - Revenue for Q3 2024 reached ¥330,171,062.14, an increase of 6.96% year-over-year, while year-to-date revenue totaled ¥1,046,463,932.97, up 16.21% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥13,876,656.56, a decrease of 37.76% year-over-year, with year-to-date net profit at ¥59,789,058.17, down 25.15%[2] - The net profit excluding non-recurring items for Q3 2024 was ¥6,395,724.33, a decline of 66.58% year-over-year, while year-to-date it was ¥45,313,398.87, down 16.72%[2] - Basic and diluted earnings per share for Q3 2024 were both ¥0.06, reflecting a decrease of 33.33% compared to the same period last year[4] - The net profit attributable to shareholders decreased by 25.15% year-on-year, amounting to CNY 59,789,058.17[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 45,313,398.87, down 16.72% year-on-year[14] - Operating profit for the first three quarters of 2024 decreased to CNY 64,233,767.98 from CNY 85,626,803.85, a decline of 25%[20] - Net profit for the first three quarters of 2024 was CNY 63,963,397.44, down from CNY 87,444,346.97, indicating a decrease of 26.8%[20] - The net profit for the third quarter of 2024 was CNY 59,789,058.17, a decrease of 25.2% compared to CNY 79,880,309.78 in the same period of 2023[21] Research and Development - Total R&D expenditure for Q3 2024 was ¥10,614,798.07, a reduction of 42.14% year-over-year, with R&D expenditure as a percentage of revenue at 3.21%, down 2.73 percentage points[4] - Research and development expenses for the first three quarters of 2024 were CNY 42,666,631.87, a decrease of 10.5% compared to CNY 47,895,877.78 in the same period of 2023[20] - The company plans to adjust its R&D investment strategy in response to the current financial performance and market conditions[8] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[11] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥3,585,220,327.63, representing a 6.83% increase from the end of the previous year[4] - Shareholders' equity attributable to shareholders was ¥2,737,629,945.06, a decrease of 1.53% compared to the end of the previous year[4] - Total assets increased to CNY 3,585,220,327.63 in Q3 2024 from CNY 3,356,058,163.08 in Q3 2023, representing a growth of 6.8%[18] - Total liabilities rose to CNY 847,590,382.57 in Q3 2024, compared to CNY 573,077,340.29 in Q3 2023, marking an increase of 48%[18] - Non-current liabilities totaled CNY 162,197,154.56 in Q3 2024, up from CNY 133,163,499.09 in Q3 2023, reflecting a growth of 21.8%[18] - The company's equity attributable to shareholders decreased to CNY 2,737,629,945.06 from CNY 2,780,290,734.50, a decline of 1.5%[18] Cash Flow and Investment - The company reported a net cash flow from operating activities of -¥189,916,065.26 year-to-date, indicating challenges in cash generation[2] - Cash flow from operating activities showed a net outflow of CNY -189,916,065.26, an improvement from CNY -237,838,957.13 in the same period last year[23] - Total cash inflow from investment activities was CNY 495,835,124.31, significantly higher than CNY 325,908,771.17 in the previous year[23] - Cash outflow from investment activities increased to CNY 581,018,366.86, compared to CNY 373,274,932.59 in the same period of 2023[24] - The net cash flow from financing activities was CNY 259,111,166.57, a substantial increase from CNY 95,136,590.74 in the previous year[24] - The total cash and cash equivalents at the end of the period stood at CNY 274,377,858.37, compared to CNY 255,220,154.39 at the end of the same period last year[24] - The company received CNY 20,166,714.16 in tax refunds, up from CNY 12,849,357.19 in the previous year, indicating improved cash management[23] - The company reported a total operating cash inflow of CNY 771,207,871.26, down from CNY 831,121,225.46 in the same period last year[23] - The company’s investment income received was CNY 3,140,323.28, a decrease from CNY 6,556,603.17 in the previous year, reflecting challenges in investment performance[23] Cost Management - Total operating costs for the first three quarters of 2024 were CNY 998,412,910.31, up from CNY 830,368,788.14, reflecting a growth of 20.2%[20] - Share-based payment expenses totaled CNY 31,078,231.87, an increase of 1,182.60% compared to the same period last year[13] - The increase in share-based payment expenses significantly impacted the net profit, highlighting the need for strategic cost management[13]