CRTC(SH:688459)2024-10-29 08:31Financial Performance - The company's operating revenue for Q3 2024 reached ¥217,349,349.98, representing a year-on-year increase of 43.38%[2] - The net profit attributable to shareholders for the year-to-date period was ¥50,375,788.59, reflecting a significant increase of 70.94% compared to the same period last year[2] - The basic earnings per share for the year-to-date period was ¥0.1049, which is an increase of 70.85% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached ¥490,401,188.37, an increase of 21.3% compared to ¥404,342,087.19 in the same period of 2023[16] - The net profit for Q3 2024 reached CNY 53,615,339.98, a significant increase of 77% compared to CNY 30,224,502.56 in Q3 2023[17] - The total profit for Q3 2024 was CNY 64,204,291.51, up from CNY 38,471,472.85 in the same period last year, reflecting a growth of 67%[17] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.1049, compared to CNY 0.0614 in Q3 2023, indicating a 71% increase[18] Expenses and Costs - Research and development expenses totaled ¥18,574,882.37 in Q3 2024, accounting for 8.55% of operating revenue, a decrease of 2.68 percentage points from the previous year[3] - Total operating costs for the first three quarters of 2024 were ¥442,423,312.99, up from ¥376,833,342.37 in 2023, reflecting a rise of 17.4%[16] - Research and development expenses amounted to ¥47,360,099.25 in the first three quarters of 2024, a decrease of 5.3% from ¥50,040,492.47 in the previous year[16] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥15,067,563.79, showing a decline of 53.30% compared to the previous year[3] - Cash flow from operating activities for the first three quarters of 2024 was CNY 15,067,563.79, down from CNY 32,263,385.37 in the same period of 2023[22] - The company reported a net cash outflow from investing activities of CNY -99,003,595.02 for the first three quarters of 2024, compared to CNY -7,868,256.99 in the previous year[22] - The cash and cash equivalents at the end of Q3 2024 amounted to CNY 2,403,523,505.15, down from CNY 2,473,855,893.21 at the end of Q3 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,928,678,039.66, a decrease of 3.07% from the end of the previous year[3] - The company's total assets decreased to ¥3,928,678,039.66 in Q3 2024 from ¥4,053,030,496.36 in Q3 2023, a decline of 3.1%[15] - Current liabilities totaled ¥450,040,353.56 in Q3 2024, down 21.9% from ¥576,820,636.26 in Q3 2023[14] - The total liabilities decreased to ¥491,485,259.92 in Q3 2024 from ¥621,510,636.44 in Q3 2023, a reduction of 20.9%[14] - The total equity attributable to shareholders at the end of the reporting period was ¥3,331,720,654.72, a slight increase of 0.07% from the previous year[3] - The total equity attributable to shareholders reached ¥3,331,720,654.72, slightly up from ¥3,329,301,681.25 in the previous year[15] Shareholder Information - The company has a total of 19,400,000 shares held by China Railway Harbin Bureau Group Co., Ltd., representing a significant stake in the company[10] - The top ten shareholders include several state-owned enterprises, indicating a strong government presence in the ownership structure[10] - The company has not engaged in any share lending or borrowing activities during the reporting period[11] - There are no significant changes in the shareholder structure or related party transactions reported for this quarter[11] Other Financial Metrics - The company reported non-recurring gains of ¥1,296,366.17 for the year-to-date period, with government subsidies contributing ¥1,541,848.17[4] - The weighted average return on equity for the year-to-date period was 1.51%, an increase of 0.61 percentage points year-on-year[3] - The company incurred a foreign exchange loss of CNY 12,475.58 in Q3 2024, compared to a loss of CNY 92,114.23 in Q3 2023[24] - The company paid CNY 48,002,895.05 in dividends and interest during Q3 2024, an increase from CNY 38,400,000.00 in Q3 2023[24] - The company reported a credit impairment loss of CNY 8,317,573.04 in Q3 2024, compared to CNY 3,885,184.97 in Q3 2023, indicating a rise in credit risk[17] Marketing and Development - The company has increased its marketing efforts, leading to a substantial rise in operating revenue and net profit[7] - The company has not disclosed any new product or technology developments in the current reporting period[12]