Luster(SH:688400)2024-10-29 08:41Financial Performance - The company's revenue for Q3 2024 was ¥495,875,459.74, a decrease of 22.70% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥24,724,096.67, down 47.17% year-on-year[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥11,224,365.71, a decline of 74.02% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.05, a decrease of 50.00% year-on-year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 1,584,067,239.11, a decrease of 17.7% compared to CNY 1,924,696,254.43 in the same period of 2023[18]. - Net profit for the first three quarters of 2024 was CNY 108,770,160.28, compared to CNY 132,596,546.98 in 2023, indicating a decline of 18.0%[18]. - The net profit attributable to the parent company for the first three quarters of 2024 is CNY 111,987,354.93, a decrease from CNY 137,813,900.83 in the same period of 2023, representing a decline of approximately 18.8%[19]. - The total comprehensive income attributable to the parent company for the first three quarters of 2024 is CNY 111,580,008.76, down from CNY 138,491,980.36 in 2023, indicating a decrease of about 19.5%[19]. Cash Flow - The company reported a net cash flow from operating activities of -¥17,383,819.94 for Q3 2024, indicating a significant cash outflow[2]. - The net cash flow from operating activities for the first three quarters of 2024 is -CNY 121,196,664.15, compared to a positive CNY 117,251,148.36 in the same period of 2023, reflecting a significant decline[21]. - Cash received from the sale of goods and services in the first three quarters of 2024 is CNY 1,616,819,165.50, down from CNY 1,978,240,910.69 in 2023, a decrease of approximately 18.3%[21]. - The total cash inflow from operating activities was supported by an increase in other cash receipts related to operating activities, which rose to 257,441,486.54 RMB from 157,743,935.11 RMB[27]. - The cash outflow for operating activities in the first three quarters of 2024 is CNY 1,848,203,014.65, down from CNY 2,011,942,971.35 in 2023, indicating a decrease of approximately 8.1%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,001,679,814.35, a decrease of 1.64% from the end of the previous year[3]. - The company's total assets as of the end of Q3 2024 were CNY 5,001,679,814.35, a decrease from CNY 5,085,195,018.26 at the end of Q3 2023[16]. - Total liabilities decreased to CNY 1,036,782,816.83 in Q3 2024 from CNY 1,118,033,575.58 in Q3 2023, reflecting a reduction of 7.3%[16]. - The company's total equity decreased to CNY 3,783,190,052.18 in Q3 2024, down from CNY 3,857,592,872.08 in Q3 2023[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,992, with the largest shareholder, Yao Yi, holding 200,237,818 shares, representing 43.20% of the total shares[9]. - The top ten shareholders include significant entities such as Fuliang Yuzhan Technology and Shenzhen Dacheng Caizhi, holding 4.38% and 3.92% of shares, respectively[11]. - There are no significant related party transactions among the top shareholders, except for Yao Yi and Yang Yi, who are spouses[11]. Research and Development - Research and development expenses totaled ¥100,371,381.64 in Q3 2024, representing 20.24% of revenue, an increase of 3.38 percentage points from the previous year[3]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 291,953,176.74, slightly down from CNY 309,908,617.78 in the previous year[18]. - Research and development expenses increased to CNY 163,496,555.55 in the first three quarters of 2024, compared to CNY 156,882,117.85 in the same period of 2023, reflecting a growth of 4%[25]. Market and Business Strategy - The company continues to optimize its business structure and expand into markets such as consumer electronics and new energy[4]. - The decline in performance is attributed to consumer downgrade and cyclical industry impacts, leading to a slowdown in customer procurement demand[7]. - The company has maintained a focus on core machine vision technologies and is actively pursuing product development and market expansion[4]. - The company has not reported any significant new strategies or product developments during the reporting period[13].