聚和材料(688503) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥3,061,347,003.21, a decrease of 4.87% compared to the same period last year, while year-to-date revenue increased by 32.80% to ¥9,826,222,165.03[2] - Net profit attributable to shareholders for Q3 2024 was ¥122,084,357.50, down 28.87% year-on-year, with a year-to-date net profit of ¥421,088,409.93, reflecting a decrease of 4.47%[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥102,568,265.49, a significant decline of 50.06% compared to the previous year, while year-to-date it increased by 7.02% to ¥432,629,767.24[2] - Total operating revenue for the first three quarters of 2024 reached CNY 9,826,222,165.03, a significant increase of 33.0% compared to CNY 7,399,162,040.36 in the same period of 2023[15] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 421,088,409.93, down 4.0% from CNY 440,803,836.71 in the previous year[17] - The company reported a profit before tax of CNY 470,770,043.79, down from CNY 495,652,226.35, reflecting a decrease of 5.0%[17] - The total comprehensive income attributable to the parent company for the first three quarters of 2024 was ¥427,610,194.72, down from ¥439,214,392.16 in the same period of 2023[18] Research and Development - Research and development (R&D) investment for Q3 2024 totaled ¥221,217,981.64, an increase of 33.74%, with year-to-date R&D investment reaching ¥630,690,693.77, up 42.62%[3] - The R&D investment as a percentage of operating revenue rose to 7.23%, an increase of 2.09 percentage points compared to the same period last year[3] - Research and development expenses for the first three quarters amounted to CNY 234,815,278.73, an increase of 13.9% from CNY 206,074,904.15 in the same period last year[17] - Research and development expenses for the third quarter of 2024 were ¥203,308,428.46, slightly down from ¥210,169,861.45 in the same quarter of 2023[25] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥8,616,074,328.76, representing a 14.95% increase from the end of the previous year[3] - Total assets increased to CNY 8,616,074,328.76, up from CNY 7,495,751,664.08, reflecting a growth of 14.9%[14] - Total liabilities rose to CNY 3,966,235,622.24, compared to CNY 2,575,908,265.23, marking an increase of 54.1%[14] - The total liabilities increased to ¥3,920,675,809.11 in the third quarter of 2024, compared to ¥2,456,656,898.50 in the same period of 2023, representing a rise of about 59.7%[23] - The total owner's equity decreased to ¥4,756,091,398.92 in the third quarter of 2024 from ¥4,982,368,788.23 in the same period of 2023, indicating a decline of about 4.5%[23] Cash Flow - The company reported a net cash flow from operating activities of -¥797,975,376.03 year-to-date, indicating cash flow challenges[2] - The net cash flow from operating activities for the first three quarters of 2024 was -¥797,975,376.03, an improvement compared to -¥1,913,286,945.48 in the same period of 2023[19] - The company reported a net cash flow from investing activities of -¥381,453,093.45 for the first three quarters of 2024, compared to a positive cash flow of ¥287,759,118.14 in the same period of 2023[20] - The net cash flow from financing activities was ¥894,067,165.07 in the first three quarters of 2024, a decrease from ¥1,324,553,181.08 in the same period of 2023[20] - The company's cash and cash equivalents decreased to ¥526,067,839.72, a decrease from ¥748,798,453.04 at the end of the previous period[12] - The company's cash and cash equivalents at the end of September 2024 were ¥246,708,515.42, a decrease from ¥414,120,693.72 at the end of 2023[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,850[8] - The largest shareholder, Liu Haidong, holds 27,115,728 shares, accounting for 11.20% of the total shares[8] - The company completed a capital increase of 76,405,757 shares in June 2024, adjusting the previous year's earnings per share for comparability[3] - The top ten shareholders hold a significant portion of the company's shares, with the top three alone accounting for 27.00%[9] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11] Inventory and Receivables - Accounts receivable increased to ¥2,409,176,876.40 from ¥1,824,831,512.63 in the previous period, indicating a growth of approximately 32.0%[12] - Inventory decreased to ¥913,985,038.83 from ¥1,327,012,915.82, reflecting a decline of about 31.1%[12] - The company's inventory decreased to ¥640,193,808.77 as of September 30, 2024, from ¥1,217,706,540.22 at the end of 2023[21] - The accounts receivable increased to ¥2,347,140,842.67 as of September 30, 2024, compared to ¥1,973,439,668.48 at the end of 2023[21] Financial Ratios - The weighted average return on equity decreased to 2.59%, down 0.98 percentage points year-on-year[3] - The company's gross profit margin for the third quarter of 2024 was approximately 5.4%, compared to 6.4% in the same quarter of 2023, showing a decrease of about 15.6%[25] - The company's financial expenses surged to CNY 76,537,160.43, compared to CNY 18,780,822.84, indicating a significant increase attributed to higher interest expenses[17] - The company's financial expenses surged to ¥46,406,292.84 in the third quarter of 2024, compared to ¥7,908,689.28 in the same quarter of 2023, marking an increase of over 485%[25]