GLCC(SH:600234)2024-10-29 08:47Financial Performance - The company's operating revenue for Q3 2024 was ¥126,451,631.27, representing a 163% increase compared to the same period last year[2] - Net profit attributable to shareholders was ¥18,522,801.01, with a year-to-date net profit of ¥11,475,895.50, reflecting a significant improvement[2] - Basic and diluted earnings per share increased to ¥0.0706 from ¥0.0437 year-on-year[4] - Total operating revenue for the first three quarters of 2024 reached ¥157,217,181.86, a significant increase from ¥73,518,807.70 in the same period of 2023, representing a growth of approximately 113%[16] - The net profit for Q3 2024 was CNY 12,172,664.40, a significant recovery from a net loss of CNY 20,367,270.85 in the same period last year[17] - The total comprehensive income attributable to the parent company was CNY 11,475,895.50, compared to a loss of CNY 20,367,370.94 in Q3 2023[19] - The company reported operating profit of CNY 12,248,300.33, recovering from an operating loss of CNY 20,421,342.76 in the same quarter last year[17] - The total profit for Q3 2024 was CNY 12,247,496.43, compared to a total loss of CNY 20,367,270.85 in Q3 2023[17] Cash Flow - The net cash flow from operating activities for the quarter was ¥12,272,843.62, a recovery from a negative cash flow of ¥10,810,543.78 in the previous year[2] - The net cash flow from operating activities for the year-to-date period was negative CNY 2.33 million, a significant decrease compared to the same period last year[9] - The net cash flow from investing activities was negative CNY 1.67 million, primarily due to acquisition expenditures[9] - The net cash flow from financing activities was negative, but the outflow decreased compared to the previous year, attributed to a CNY 1.25 million investment from minority shareholders[9] - Cash inflows from operating activities for the first nine months of 2024 were CNY 684,146,927.38, compared to CNY 88,349,424.26 in the same period last year[20] - The net cash flow from operating activities for the first nine months of 2024 was negative CNY 10,810,543.78, a decline from a positive cash flow of CNY 8,104,297.01 in the previous year[20] - Cash outflows from investing activities totaled CNY 1,758,301.90, compared to CNY 833,868.35 in the same period last year[21] - The net cash flow from financing activities was negative CNY 673,032.57, a decrease from negative CNY 3,380,502.37 in Q3 2023[21] - The ending cash and cash equivalents balance was CNY 57,723,911.21, down from CNY 119,601,695.09 at the end of Q3 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥726,516,882.12, up 9.02% from the previous year[4] - Total current assets increased to CNY 290.51 million from CNY 231.75 million year-on-year[12] - Total liabilities rose to ¥266,643,504.71 in Q3 2024, compared to ¥219,938,873.93 in Q3 2023, which is an increase of approximately 21%[14] - The company's equity attributable to shareholders rose to ¥440,414,747.34, marking a 2.68% increase year-on-year[4] - The company's equity attributable to shareholders increased to ¥440,414,747.34 in Q3 2024 from ¥428,938,851.84 in Q3 2023, showing a growth of about 3%[14] Accounts Receivable and Payable - Accounts receivable increased by 54.93%, primarily due to increased revenue from engineering and internet advertising businesses[7] - Accounts receivable rose to CNY 129.57 million from CNY 83.63 million year-on-year[12] - The accounts payable increased to ¥114,025,378.11 in Q3 2024 from ¥91,063,050.13 in Q3 2023, indicating a rise of approximately 25%[14] Research and Development - R&D expenses for the year-to-date period reached CNY 257.70 million, primarily due to new project expenditures[9] - Research and development expenses for the first three quarters of 2024 amounted to ¥2,150,116.76, up from ¥601,093.58 in 2023, reflecting a growth of approximately 257%[16] Other Financial Metrics - The company recognized government subsidies amounting to ¥10,446.42 during the reporting period[5] - Non-recurring gains and losses totaled ¥8,927,713.52, with a significant portion attributed to the reversal of impairment provisions[6] - The company recovered approximately CNY 8.92 million in bad debts during Q3 2024, contributing to a significant net profit turnaround compared to the same period last year[9] Shareholder Information - The company has 9,696 total common shareholders as of the report date[10] - The top shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 46,949,044 shares, representing 17.88% of total shares[11] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[16]