NJEC(SH:600699)2024-10-28 10:55Financial Performance - The company's operating revenue for Q3 2024 was approximately ¥14.06 billion, a decrease of 1.68% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was approximately ¥304.73 million, an increase of 0.50% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was approximately ¥302.79 million, reflecting a year-on-year increase of 10.09%[2]. - Total operating revenue for the first three quarters of 2024 was CNY 41.13 billion, a slight decrease of 0.43% compared to CNY 41.31 billion in the same period of 2023[13]. - Operating profit increased to CNY 1.78 billion, up 51.7% from CNY 1.17 billion year-on-year[13]. - Net profit attributable to shareholders of the parent company reached CNY 941.50 million, a 20.9% increase from CNY 778.72 million in the previous year[15]. - Basic earnings per share for the first three quarters of 2024 were ¥0.67, an increase of 18.58% year-on-year[3]. - Basic earnings per share for the period were CNY 0.67, compared to CNY 0.56 in the previous year, marking a 19.6% increase[15]. Assets and Liabilities - The total assets at the end of Q3 2024 were approximately ¥59.20 billion, an increase of 4.07% compared to the end of the previous year[3]. - As of September 30, 2024, the total assets of Ningbo Joyson Electronic Corp. reached CNY 59.20 billion, an increase from CNY 56.89 billion at the end of 2023, reflecting a growth of approximately 5.8%[11]. - The total liabilities increased to CNY 40.59 billion, up from CNY 37.76 billion, reflecting a growth of 7.0%[12]. - Non-current liabilities totaled CNY 16.77 billion, an increase of 10.9% from CNY 15.13 billion year-on-year[12]. - The total liabilities increased to CNY 28.26 billion from CNY 26.36 billion, marking a growth of about 7.2%[11]. Cash Flow - In the first three quarters of 2024, the company's cash inflow from operating activities was approximately ¥45.34 billion, a decrease of 1.5% compared to ¥46.04 billion in the same period of 2023[16]. - The net cash flow from operating activities increased to approximately ¥3.05 billion, up 10.7% from ¥2.76 billion in the previous year[16]. - Cash outflow for purchasing goods and services was approximately ¥31.45 billion, down 4.7% from ¥33.01 billion in the same period last year[16]. - The company reported a net cash outflow from investing activities of approximately ¥1.92 billion, an improvement from a net outflow of ¥2.34 billion in the previous year[16]. - Cash inflow from financing activities totaled approximately ¥14.96 billion, significantly higher than ¥7.77 billion in the same period of 2023[18]. - The net cash flow from financing activities was approximately ¥1.12 billion, compared to a net outflow of ¥456.61 million in the previous year[18]. - The company's cash and cash equivalents at the end of the period reached approximately ¥6.48 billion, an increase from ¥3.74 billion at the end of the previous year[18]. - The company received approximately ¥11.96 billion in cash from borrowings, up from ¥6.78 billion in the same period last year[18]. - The cash received from tax refunds was approximately ¥629.61 million, an increase from ¥545.28 million in the previous year[16]. - The company paid approximately ¥1.51 billion in taxes, an increase of 32.7% compared to ¥1.14 billion in the same period of 2023[16]. Market and Investments - The company secured new orders totaling approximately ¥70.4 billion in the first three quarters of 2024, with ¥37.6 billion related to new energy vehicles[6]. - The automotive safety business generated approximately ¥28.4 billion in revenue, while the automotive electronics segment generated approximately ¥12.7 billion in revenue for the first three quarters[5]. - The company is actively expanding its market presence, particularly in the smart electric vehicle sector, with a focus on domestic brands and emerging market opportunities[5]. - The company has made significant investments in R&D, particularly in emerging technologies such as UWB and ADAS L2 Smart Camera[6]. - Research and development expenses for the first three quarters were CNY 1.77 billion, slightly higher than CNY 1.74 billion in the same period last year[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 89,082, with the largest shareholder, Joyson Group, holding 36.73% of the shares[8]. - The company reported a total of 12,664,015 shares held in the repurchase special securities account, accounting for 0.90% of the total shares[9]. - Joyson Group is the controlling shareholder, and Mr. Wang Jianfeng is the actual controller of the company[8]. - The company has a total of 517,457,701 shares held by Joyson Group, which represents 36.73% of the total shares[8]. - The company's long-term equity investments increased to CNY 2.57 billion from CNY 2.30 billion, reflecting a growth of approximately 11.7%[11]. - The company's short-term borrowings rose to CNY 5.45 billion from CNY 4.24 billion, indicating an increase of about 28.6%[11]. Other Financial Metrics - The gross profit margin for the first three quarters of 2024 improved by 1.6 percentage points to approximately 15.6%[5]. - The company's total equity decreased to CNY 18.61 billion from CNY 19.13 billion, a decline of 2.7%[12]. - Other comprehensive income after tax showed a loss of CNY 344.50 million, contrasting with a gain of CNY 147.07 million in the previous year[15]. - Inventory levels increased to CNY 10.06 billion from CNY 9.25 billion, indicating a rise of approximately 8.8%[11].