Financial Performance - The company's operating revenue for Q3 2024 was ¥55,934,001.20, a decrease of 15.57% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥7,000,155.51, down 63.00% year-on-year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥4,564,344.88, a decline of 65.99% compared to the previous year[2] - Total revenue for the first three quarters of 2024 was CNY 207.34 million, a decrease of 2.3% compared to CNY 213.81 million in the same period of 2023[15] - Gross profit for the first three quarters of 2024 was CNY 146.75 million, with a gross margin of approximately 70.7%[15] - Net profit for the third quarter of 2024 was CNY 65.89 million, compared to CNY 64.84 million in the same quarter of 2023, reflecting a growth of 1.6%[16] Research and Development - The total R&D investment for Q3 2024 was ¥13,949,170.66, representing 24.94% of operating revenue, an increase of 8.13 percentage points year-on-year[3] - Research and development expenses increased to CNY 36.96 million in the first three quarters of 2024, up 34.8% from CNY 27.42 million in the same period of 2023[15] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥44,489,159.65, a significant decrease of 343.58% compared to the same period last year[3] - Cash and cash equivalents were CNY 266.28 million, significantly lower than CNY 712.25 million at the end of 2023, a decrease of 62.6%[12] - The company's total assets decreased to CNY 1.91 billion as of September 30, 2024, down from CNY 2.32 billion at the end of 2023, a decline of 17.5%[14] - The ending balance of cash and cash equivalents was 266,278,557.65 RMB, down from 639,999,065.47 RMB at the end of the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,359, with the largest shareholder, Chongqing Xishan Investment Co., Ltd., holding 19,114,290 shares, accounting for 36.06%[8] - The top ten shareholders include various entities, with the second-largest shareholder, Chongqing Tongxin Investment Management Center, holding 2,314,290 shares, accounting for 4.37%[9] - The company has repurchased a total of 3,374,153 shares, representing 6.37% of the total share capital, with an average repurchase price of RMB 59.26 per share[11] - The company plans to repurchase additional shares with a total fund of no less than RMB 1.5 billion and no more than RMB 3 billion, at a price not exceeding RMB 80.00 per share[11] Financial Strategies and Transparency - The company has engaged in strategic repurchase activities to reduce registered capital and legally cancel shares[11] - The report indicates that there are no changes in the participation of the top ten shareholders in the securities lending business[11] - The company has disclosed its plans for share repurchase on the Shanghai Stock Exchange, indicating transparency in its financial strategies[11] Liabilities and Equity - The company's total equity attributable to shareholders was ¥1,793,781,554.13, down 16.98% compared to the previous year[3] - The total liabilities decreased to CNY 116.97 million, down from CNY 157.41 million at the end of 2023, a reduction of 25.7%[14] Other Financial Metrics - Basic and diluted earnings per share for Q3 2024 were both ¥0.14, a decrease of 61.11% year-on-year[3] - The weighted average return on equity decreased to 0.36%, down 0.54 percentage points from the previous year[3] - The company reported a government subsidy of ¥1,000,000.00 for Q3 2024, contributing to its non-recurring gains[4]
西山科技(688576) - 2024 Q3 - 季度财报