Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 424,671,198.14, marking a 16.04% increase from CNY 365,982,134.27 in the same period of 2023[4] - Net profit attributable to shareholders was a loss of CNY 11,203,458.51, a decline of 201.05% compared to a profit of CNY 11,087,585.60 in the previous year[4] - Basic earnings per share decreased to -CNY 0.10 from CNY 0.10 in the previous year, reflecting a 200.00% decline[4] - The net profit for the first nine months of 2024 was a loss of ¥11,408,191.01, compared to a profit of ¥10,993,588.19 in the same period of 2023, indicating a significant decline[35] - The total profit for the first nine months of 2024 was -¥21,451,216.57, a stark contrast to a profit of ¥12,052,362.15 in the same period of 2023[35] - The company’s tax expenses for the period were -¥10,043,025.56, compared to a tax expense of ¥1,058,773.96 in the previous year[35] Assets and Liabilities - Total assets increased by 13.95% to CNY 1,308,460,599.38 as of September 30, 2024, compared to CNY 1,148,285,865.75 at the end of 2023[4] - The company's debt-to-asset ratio (consolidated) rose to 63.61% from 59.02% year-over-year[4] - Total liabilities amounted to ¥832,274,776.15, compared to ¥790,000,000.00, indicating a rise of around 5.35%[30] - Current liabilities rose to ¥539,179,087.02 from ¥403,643,129.46, marking an increase of approximately 33.5%[29] - Shareholders' equity totaled ¥476,185,823.23, up from ¥470,523,434.12, showing a slight increase of about 1.4%[30] Cash Flow - Cash flow from operating activities surged by 1,225.80% to CNY 39,643,563.61, up from CNY 2,990,152.48 in the same period last year[4] - Cash inflow from operating activities totaled CNY 454,174,474.96, an increase from CNY 397,710,451.95 year-on-year[38] - Cash outflow from operating activities was CNY 414,530,911.35, resulting in a net cash flow from operating activities of CNY 39,643,563.61, compared to CNY 2,990,152.48 in the previous year[38] - Investment cash flow net amount was -209,878,836.14 yuan, an improvement of 16.21% from -250,485,112.94 yuan in the same period last year, mainly due to increased investment in new lead-carbon long-duration energy storage battery production bases[8] - Financing cash flow net amount was 139,443,274.58 yuan, a rise of 9.22% from 127,667,935.44 yuan in the same period last year, primarily due to increased financing[8] Inventory and Receivables - Inventory increased by 31.08% to CNY 205,301,865.02, compared to CNY 156,619,673.46 at the end of the previous year[5] - The company experienced a 47.28% reduction in accounts receivable, totaling CNY 71,033,790.43 compared to CNY 134,726,511.01 at the end of the previous year[5] - Accounts receivable decreased from 134,726,511.01 CNY to 71,033,790.43 CNY, a reduction of approximately 47.36%[28] Expenses - Financial expenses increased by 139.67% to ¥10,925,535.98, primarily due to increased financing activities[7] - Research and development expenses decreased by 43.00% to ¥10,550,142.27, as some projects were completed and closed[7] - Management expenses rose by 38.19% to ¥18,118,759.52, mainly due to increases in wages, social security, and depreciation[7] Other Financial Metrics - Other income rose significantly by 567.62% to ¥13,971,998.13, mainly from new government subsidies related to income[7] - Non-operating income for the reporting period was 217,169.67 yuan, a significant increase of 475,315.21% from 45.68 yuan in the same period last year, mainly due to a court settlement regarding equipment payment disputes[8] - The company reported a significant increase in asset impairment losses to -12,784,791.76 yuan, a decrease of 402.72% compared to -2,543,112.35 yuan in the same period last year, mainly due to increased inventory write-downs[8] Legal and Compliance - The company faced litigation and arbitration amounting to a total of 1,494,983.62 CNY, which represents 0.31% of the net assets at the end of the reporting period[15] - The company was fined 200,000 CNY by the Qujing Ecological Environment Bureau, which was later reduced to 180,000 CNY after administrative litigation[16] - The company reached a settlement in a contract dispute, agreeing to pay 160,000 CNY to Zhongshan Shengyi Electromechanical Technology Co., Ltd. by July 10, 2024[16] Shareholder Information - The total number of ordinary shares at the end of the period was 108,591,700, with 3,425 shareholders[10] - The largest shareholder, Guo Zhongcheng, held 34,712,300 shares, representing 31.97% of the total shares[11]
昆工科技(831152) - 2024 Q3 - 季度财报