Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was CNY 76,313,934.94, down 17.13% from CNY 92,092,810.11 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 decreased by 8.17% to CNY 436,969,737.01, compared to CNY 475,858,196.28 in the previous year[3] - The weighted average return on net assets based on net profit attributable to shareholders was 9.75%, down from 16.99% in the previous year[3] - Total revenue for the first nine months of 2024 was CNY 436,969,737.01, a decrease of 8.16% compared to CNY 475,858,196.28 in the same period of 2023[22] - Total operating costs for the same period were CNY 352,161,347.06, down 4.06% from CNY 367,784,104.77 in 2023[22] - Net profit for the current period is 75,645,999.36, a decrease of 17.74% compared to 92,024,255.59 in the previous period[23] - Operating profit is 87,646,827.70, down from 109,257,060.46, reflecting a decline of 19.73%[23] - Total comprehensive income for the current period is 75,395,514.65, compared to 92,001,815.59, a decrease of 18.00%[23] - The company experienced a decrease in total profit to 87,649,488.92 from 107,374,030.26, reflecting a decline of 18.38%[23] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 1,138,687,193.88, an increase of 7.90% compared to CNY 1,055,345,757.84 at the end of 2023[3] - Current assets totaled ¥730,944,514.02, compared to ¥708,685,898.33 in the previous year, indicating a year-over-year increase of about 3.23%[15] - Total liabilities as of September 30, 2024, were ¥343,630,124.39, compared to ¥309,155,520.18 in the previous year, reflecting an increase of about 11.14%[17] - Total liabilities increased to CNY 288,715,872.39 from CNY 274,125,433.81, representing a rise of 5.43%[20] - The company’s total liabilities to total assets ratio (consolidated) increased to 30.18% from 29.31% at the end of 2023[3] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 22,792,138.12, a decline of 158.95% compared to a net inflow of CNY 38,665,014.11 in the same period last year[3] - Operating cash inflow for the first nine months of 2024 was CNY 413,250,630.65, a decrease of 14.8% compared to CNY 485,230,674.62 in the same period of 2023[26] - Net cash outflow from operating activities was CNY -22,792,138.12, contrasting with a positive cash flow of CNY 38,665,014.11 in the previous year[27] - Financing cash inflow was CNY 182,561,602.68, down from CNY 380,778,726.64 in the same period last year[27] - Net cash outflow from financing activities was CNY -5,328,571.45, a significant decline from a net inflow of CNY 226,303,509.24 in the previous year[27] Inventory and Receivables - Accounts receivable increased by 44.92% to CNY 164,203,441.91, attributed to extended credit terms for some customers[4] - Inventory rose by 45.76% to CNY 244,849,645.50, primarily due to stockpiling by overseas subsidiaries[4] - Inventory increased to ¥244,849,645.50 from ¥167,983,861.25, which is a growth of approximately 45.7%[15] Shareholder Information - The total number of ordinary shares at the end of the period was 102,298,000, with 4,532 shareholders[7] - The largest shareholder, Huang Yuzhong, holds 39.86% of the shares, totaling 40,778,759 shares[8] - The total number of restricted shares held by major shareholders is 75,650,559, representing 75.44% of the total shares[8] Commitments and Governance - The company has committed to share circulation restrictions and voluntary lock-up agreements effective from July 22, 2022[11] - The company has long-term commitments to avoid competition with peers and reduce related party transactions[12] - The company has established measures to address any breaches of commitments, ensuring accountability[13] - The company is committed to transparency in its financial reporting and operational strategies[13] Research and Development - Research and development expenses rose to CNY 26,544,585.22, up 27.67% from CNY 20,812,865.63 in the previous year[22] - Research and development expenses increased to 18,787,936.02, up from 14,935,023.66, representing a rise of 25.06%[24] Other Financial Metrics - The company reported a significant increase in financial expenses by 831.31% to CNY 1,099,221.86, mainly due to reduced foreign exchange gains compared to the previous year[5] - The company reported a loss of ¥189,404.25 from the disposal of non-current assets[6] - The government subsidies recognized in the current period amounted to ¥5,580,266.43[6] - The company reported a credit impairment loss of -3,475,992.79, compared to -3,020,471.96 previously, an increase of 15.09%[23]
中裕科技(871694) - 2024 Q3 - 季度财报