宁波东力(002164) - 2024 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2024 was CNY 382,669,643.28, a decrease of 0.19% compared to the same period last year[3]. - Net profit attributable to shareholders increased by 121.56% year-on-year to CNY 21,437,917.05[3]. - Net profit excluding non-recurring items rose by 116.14% year-on-year to CNY 22,253,280.86[3]. - The net profit for the third quarter of 2024 was CNY 42,810,240.65, an increase of 40.6% compared to CNY 30,413,176.06 in the same period last year[15]. - The total operating profit reached CNY 41,652,846.13, up from CNY 31,439,965.59, reflecting a growth of 32.5% year-over-year[15]. - Basic earnings per share for the quarter were CNY 0.08, compared to CNY 0.06 in the same quarter last year, indicating a 33.3% increase[16]. - The total comprehensive income for the period was CNY 42,810,240.65, up from CNY 30,413,176.06, representing a growth of 40.6%[16]. - The total profit before tax was CNY 40,881,044.55, compared to CNY 30,618,641.39, showing an increase of 33.5% year-over-year[15]. Cash Flow and Liquidity - Operating cash flow for the year-to-date increased by 303.66% to CNY 61,156,572.15[3]. - The net cash flow from operating activities for Q3 2024 was ¥61,156,572.15, a significant improvement compared to a net outflow of ¥30,029,038.36 in Q3 2023[18]. - The company received cash from operating activities totaling ¥498,246,868.53, while cash outflows for operating activities were ¥437,090,296.38[18]. - Cash paid for purchasing goods and services was ¥135,902,770.12, a decrease from ¥163,821,393.04 in Q3 2023[18]. - The total cash inflow from investment activities was ¥76,333,198.07, compared to ¥3,217,285.92 in the same period last year[18]. - The net cash flow from financing activities showed a net outflow of ¥107,033,739.41, worsening from a net outflow of ¥12,168,923.14 in Q3 2023[18]. - The total cash and cash equivalents at the end of Q3 2024 stood at ¥78,359,535.27, down from ¥102,375,629.77 at the end of Q3 2023[18]. - Cash inflows from investment income of ¥4,910,254.00, up from ¥3,774,000.00 in the previous year[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,314,266,934.91, a decrease of 0.30% from the end of the previous year[3]. - Total assets as of September 30, 2024, were CNY 2,314,266,934.91, slightly down from CNY 2,321,119,820.28[14]. - Total liabilities decreased to CNY 941,887,548.21 from CNY 991,550,674.23, reflecting a reduction in financial obligations[14]. - Shareholders' equity attributable to shareholders increased by 3.22% to CNY 1,370,080,192.22[3]. Cost Management - Total operating costs for Q3 2024 were CNY 1,051,374,433.28, down from CNY 1,084,634,662.73, reflecting a cost reduction strategy[14]. - Management and financial expenses decreased, contributing to the increase in net profit[7]. - The company reported a significant increase in net profit for the year-to-date, up 40.75% due to reduced management expenses[7]. - The company is focusing on cost control and efficiency improvements to enhance profitability in the upcoming quarters[14]. Other Financial Metrics - Research and development expenses increased to CNY 61,354,876.87, compared to CNY 55,040,720.63, marking a rise of 11.9%[15]. - The company experienced a decrease in financial expenses, which fell to CNY 7,224,091.93 from CNY 13,466,738.10, a reduction of 46.3%[15]. - The investment income from joint ventures and associates was CNY 1,624,191.23, an increase from CNY 1,190,466.47, reflecting a growth of 36.4%[15]. Shareholder Information - The top shareholder, Dongli Holding Group Co., Ltd., holds 26.03% of shares, with 125,000,000 shares pledged[9]. Inventory and Receivables - Accounts receivable increased to CNY 458,240,592.21 from CNY 346,947,085.32, indicating a rise in credit sales[12]. - Inventory levels rose to CNY 442,899,494.18 from CNY 422,322,100.93, suggesting potential overstocking or increased production[13]. Audit Status - The report for Q3 2024 was not audited, as indicated by the company[19].