Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was CNY 17,706,458.95, a decrease of 54.60% compared to CNY 39,003,307.33 in the same period of 2023[3] - Operating revenue for the first nine months of 2024 was CNY 95,375,173.32, down 37.32% from CNY 152,169,638.63 year-on-year[3] - Basic earnings per share for the first nine months of 2024 decreased by 66.22% to CNY 0.25 from CNY 0.74 in the previous year[3] - Operating profit decreased to CNY 12,854,431.77, down 66.24%, primarily due to a decline in sales revenue and increased amortization from SAP software conversion[6] - The net profit for the period was CNY 17,706,458.95, representing a decrease of 54.60% due to reduced downstream demand and fixed expenses remaining unchanged[6] - The total profit for the first nine months of 2024 was CNY 18,979,588.10, down from CNY 43,892,015.56 in 2023, reflecting a decline of approximately 56.7%[24] - The company’s total comprehensive income for the first nine months of 2024 was CNY 16,852,982.65, down from CNY 38,046,504.86 in 2023[25] Cash Flow - Cash flow from operating activities for the first nine months of 2024 was CNY 18,457,188.98, a slight increase of 1.55% compared to CNY 18,175,794.95 in the same period of 2023[3] - Operating cash inflow for the first nine months of 2024 was CNY 80,282,459.38, a decrease of 23.7% compared to CNY 105,198,955.28 in the same period of 2023[26] - Net cash flow from operating activities was CNY 18,457,188.98, slightly up from CNY 18,175,794.95 year-over-year[27] - Cash inflow from investment activities totaled CNY 188,749,212.04, an increase from CNY 174,506,854.45 in the previous year[27] - Cash outflow for investment activities was CNY 280,869,181.87, significantly higher than CNY 191,532,446.76 in the same period last year[27] - Net cash flow from investment activities was -CNY 92,119,969.83, compared to -CNY 17,025,592.31 in the previous year[27] - Cash inflow from financing activities was CNY 18,777,383.00, slightly down from CNY 19,010,000.00 year-over-year[27] - Net cash flow from financing activities was -CNY 4,544,657.71, an improvement from -CNY 6,232,033.32 in the same period last year[27] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 315,198,431.36, representing a 1.29% increase from CNY 311,196,468.33 at the end of 2023[3] - The company's debt-to-asset ratio decreased to 10.65% in the consolidated statement from 16.44% at the end of 2023[3] - The total liabilities decreased to CNY 33,556,669.89 from CNY 51,168,764.04, indicating a reduction of approximately 34.4%[17] - The company's equity attributable to shareholders increased to CNY 281,541,761.47 from CNY 260,027,704.29, showing a growth of about 8.2%[17] - The company's cash and cash equivalents decreased to CNY 51,075,755.75 from CNY 129,230,975.51, representing a decline of about 60.5%[15] - The total number of ordinary shares at the end of the period was 70,790,000, with 3,526 shareholders holding shares[8] Inventory and Expenses - Inventory decreased by 22.73% to CNY 25,743,616.60, attributed to a decline in order volume[5] - Sales expenses were CNY 5,376,763.17, down 21.16%, attributed to decreased sales performance commissions due to lower sales revenue[6] - Research and development expenses for the first nine months of 2024 were CNY 5,961,851.16, compared to CNY 5,651,176.89 in the same period of 2023, indicating an increase of 5.5%[22] - The company's operating costs for the first nine months of 2024 were CNY 57,405,374.55, compared to CNY 84,564,167.84 in the same period of 2023, indicating a decrease of approximately 32.1%[24] Government Support and Non-Recurring Gains - The company received government subsidies amounting to CNY 8,016,308.25, contributing positively to non-recurring gains[7] - Non-recurring gains totaled CNY 10,140,378.91, with a net amount after tax of CNY 8,633,688.00[7] - The fair value change income increased significantly by 293.87% to CNY 2,155,117.76, driven by increased structured deposits[6] Market Conditions - The decline in revenue is primarily due to weakened demand in the lithium battery sector, impacting sales performance[5] - The company reported a significant increase in trading financial assets by 201.69% to CNY 136,997,372.56 due to investments in financial products[5]
西磁科技(836961) - 2024 Q3 - 季度财报