Financial Performance - Operating revenue for the first nine months of 2024 was ¥307,924,557.38, representing a 47.27% increase from ¥209,083,376.84 in the same period of 2023[4] - Net profit attributable to shareholders for the first nine months of 2024 was ¥3,891,476.73, a decrease of 49.28% from ¥7,672,865.60 in the previous year[4] - The company's net profit attributable to shareholders for Q3 2024 was ¥613,219.92, down 69.15% from ¥1,987,864.29 in Q3 2023[5] - Net profit decreased to ¥2,845,432.76, down 61.47% primarily due to a decline in total profit and government subsidies[7] - The company reported a total comprehensive income for the first nine months of 2024 was ¥2,738,810.88, compared to ¥7,385,431.40 in 2023, reflecting a significant decrease[26] - Basic earnings per share for the first nine months of 2024 were reported, but specific figures were not disclosed in the provided data[27] Cash Flow - Cash flow from operating activities for the first nine months of 2024 improved to ¥23,719,056.14, a significant increase of 163.16% compared to a negative cash flow of ¥37,556,042.66 in the same period of 2023[4] - Operating cash flow for the first nine months of 2024 was ¥23,719,056.14, a significant improvement from a negative cash flow of ¥37,556,042.66 in the same period of 2023, representing a turnaround of approximately 163%[29] - Total cash inflow from operating activities increased to ¥312,297,047.21 in 2024, up from ¥262,738,920.38 in 2023, marking a growth of about 18.9%[29] - Cash outflow from operating activities decreased to ¥288,577,991.07 in 2024, compared to ¥300,294,963.04 in 2023, reflecting a reduction of approximately 3.9%[29] - Investment activities generated a net cash inflow of ¥20,742,453.66 in 2024, a significant recovery from a net outflow of ¥83,999,770.43 in 2023[32] - Cash and cash equivalents at the end of September 2024 reached ¥110,242,147.44, up from ¥43,437,147.14 at the end of September 2023, indicating an increase of approximately 153%[32] - The company received ¥141,000,000.00 from investment recoveries in 2024, with total cash inflow from investment activities amounting to ¥142,498,566.89[30] - Cash outflow for investment activities was ¥121,756,113.23 in 2024, compared to ¥84,029,534.81 in 2023, representing an increase of about 45%[32] - Financing activities resulted in a net cash outflow of ¥22,231,013.16 in 2024, contrasting with a net inflow of ¥105,936,760.33 in 2023[32] - The company paid ¥6,524,933.16 in dividends and interest in 2024, compared to ¥61,696.37 in the same period of 2023, indicating a significant reduction in cash outflow for financing[32] - The total cash inflow from financing activities was ¥15,000,000.00 in 2024, down from ¥136,021,941.70 in 2023, reflecting a decrease of approximately 88%[32] Assets and Liabilities - Total assets as of September 30, 2024, reached ¥480,171,727.23, an increase of 27.21% compared to ¥377,464,060.92 at the end of 2023[3] - The company's debt-to-asset ratio (consolidated) increased to 46.00% from 30.42% year-on-year[3] - Current liabilities rose to ¥219.02 billion, up from ¥111.88 billion, indicating an increase of about 96%[21] - The company reported a significant increase in accounts payable, which rose to ¥89.87 million from ¥45.84 million, representing an increase of approximately 96%[21] - The company’s total liabilities increased to ¥175.21 billion from ¥111.71 billion, reflecting an increase of about 56.8%[23] - Non-current assets totaled ¥105.49 billion, up from ¥63.60 billion, which is an increase of approximately 65.7%[23] Revenue and Costs - Operating costs amounted to ¥274,801,777.64, reflecting a 46.96% increase due to the growth in sales volume[7] - Total operating costs for the same period were ¥303,702,673.96, up 46.9% from ¥206,563,434.77 in 2023[25] - The gross profit margin for the first nine months of 2024 was approximately 1.0%, down from 3.0% in 2023, indicating a decline in profitability[25] Research and Development - Research and development expenses rose to ¥9,960,679.70, marking a 33.60% increase due to new R&D projects[7] - The company reported a significant increase in R&D expenses, totaling ¥9,960,679.70 in 2024, compared to ¥7,455,518.98 in 2023, reflecting a 33.7% rise[25] - The company plans to continue expanding its market presence and investing in new technologies, as indicated by the increase in R&D spending[25] Accounts Receivable and Inventory - Accounts receivable increased by 94.48% to ¥173,651,519.32 due to growth in the company's energy storage and electric motorcycle sales[6] - The company reported a total current assets of CNY 377,382,528.27 as of September 30, 2024, an increase from CNY 316,130,238.49 on December 31, 2023, representing a growth of approximately 19.3%[19] - The company’s inventory increased to CNY 71,545,807.71 from CNY 68,476,079.59, showing a growth of approximately 3.0%[19]
天宏锂电(873152) - 2024 Q3 - 季度财报