Financial Performance - The company's revenue for Q3 2024 was ¥97,424,508.85, representing a 21.72% increase compared to ¥80,041,736.54 in the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥12,137,530.24, a decrease of 48.32% from ¥23,486,683.98 in the previous year[2]. - Total operating revenue for Q3 2024 was CNY 320,795,662.91, an increase of 2.0% compared to CNY 313,548,574.10 in Q3 2023[11]. - Net profit for Q3 2024 was CNY 53,487,894.87, a decrease of 20.8% from CNY 67,511,597.15 in Q3 2023[13]. - Total operating costs for Q3 2024 were CNY 266,890,949.15, up from CNY 253,004,825.23 in the same period last year, reflecting an increase of 5.0%[12]. - Basic earnings per share for Q3 2024 were ¥0.1200, down 62.50% from ¥0.3200 in the same period last year[2]. - Earnings per share for Q3 2024 were CNY 0.5700, down from CNY 1.0100 in Q3 2023[13]. - The total comprehensive income attributable to shareholders for Q3 2024 was CNY 51,389,590.15, down from CNY 65,027,793.43 in Q3 2023[13]. Cash Flow and Financial Position - The net cash flow from operating activities for the year-to-date period increased significantly by 1,217.56%, reaching ¥59,369,159.65 compared to ¥5,312,368.70 in the same period last year[2]. - The net cash flow from operating activities for the current period is ¥59,369,159.65, compared to a negative cash flow of ¥5,312,368.70 in the previous period, indicating a significant improvement[15]. - Total cash inflow from operating activities reached ¥384,560,321.85, up from ¥255,602,878.74 in the previous period, reflecting a growth of approximately 50.4%[15]. - Cash outflow for purchasing goods and services increased to ¥197,602,742.94 from ¥90,046,697.13, representing a rise of about 119.8%[15]. - The net cash flow from investing activities was negative at ¥352,005,284.71, compared to a negative cash flow of ¥626,450.85 in the previous period, indicating a worsening investment cash flow situation[15]. - Cash flow from financing activities resulted in a net outflow of ¥31,064,306.83, contrasting with a net inflow of ¥557,484,299.90 in the previous period, showing a significant decline[15]. - The ending balance of cash and cash equivalents stood at ¥590,080,167.57, compared to ¥283,743,382.92 at the end of the previous period, marking an increase of approximately 108%[16]. - The company reported cash received from other operating activities totaling ¥18,194,543.61, down from ¥31,066,118.83 in the previous period, indicating a decrease of approximately 41.3%[15]. Assets and Liabilities - Total assets as of the end of the reporting period were ¥1,314,638,923.67, a decrease of 0.37% from the previous year[2]. - The total assets amount to 1,309,730,729.58 CNY, slightly down from 1,314,638,923.67 CNY at the beginning of the period[10]. - The company’s total liabilities decreased to CNY 177,058,961.68 from CNY 207,309,050.64 year-over-year, a reduction of approximately 14.6%[11]. - The company’s total liabilities decreased by 99.92% in notes payable, dropping to ¥20,000.00 from ¥25,960,555.14 last year[5]. - The company has 244,000,000 CNY in trading financial assets as of the end of the reporting period[9]. - The total liabilities include short-term borrowings of 6,802,750.71 CNY[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,493[7]. - The largest shareholder, Peng Xiangan, holds 46.50% of the shares, totaling 48,360,000 shares[7]. - The total number of restricted shares at the end of the period is 78,000,000, an increase of 18,000,000 shares[8]. - The company plans to release additional restricted shares on January 25, 2027, for major shareholders[8]. - The top ten shareholders account for a significant portion of the company's equity, with the top three holding over 63% combined[7]. Other Financial Metrics - The company reported a significant increase in cash management, with cash and cash equivalents decreasing by 54.07% to ¥283,743,382.92 from ¥617,752,463.65 last year[5]. - The company recorded a 305.51% increase in other income, amounting to ¥10,119,708.03, primarily due to increased government subsidies[6]. - The company’s investment income decreased by 194.14%, resulting in a loss of ¥124,276.38 compared to a gain of ¥132,007.55 in the previous year[6]. - The company’s weighted average return on net assets decreased to 1.09% from 2.67% in the previous year[2]. - Research and development expenses for Q3 2024 were CNY 12,960,329.20, slightly decreased from CNY 13,420,640.74 in Q3 2023[12]. - The company reported a financial expense of CNY -8,259,885.81 in Q3 2024, compared to CNY -1,279,372.09 in Q3 2023, indicating a significant change in financial costs[12]. - The company reported a total operating cost adjustment, with the cost of goods sold adjusted to ¥191,204,143.29 from ¥191,256,585.82, reflecting a minor decrease of ¥52,442.53[16]. - The company has adopted new accounting standards effective from 2024, impacting the reporting of warranty expenses, which are now included in operating costs instead of selling expenses[16]. - The company received tax refunds amounting to ¥2,800,012.00 during the reporting period, contributing positively to cash flow[15].
福事特(301446) - 2024 Q3 - 季度财报