福立旺(688678) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥346,358,281.38, representing a year-on-year increase of 16.02%[2] - Net profit attributable to shareholders decreased by 25.82% to ¥19,355,401.93 in Q3 2024, while the year-to-date net profit increased by 29.89% to ¥65,158,901.04[2] - Total operating revenue for the first three quarters of 2024 reached ¥899,573,426.31, an increase of 28.6% compared to ¥699,613,485.61 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was ¥62,273,041.37, compared to ¥52,921,757.62 in 2023, representing a growth of 17.5%[17] - The net profit attributable to the parent company for Q3 2024 was ¥65,158,901.04, an increase from ¥50,164,125.32 in Q3 2023, representing a growth of approximately 30%[18] - The total comprehensive income for Q3 2024 was ¥62,273,041.37, compared to ¥52,921,757.62 in Q3 2023, indicating an increase of about 18%[18] Research and Development - The total R&D investment for Q3 2024 was ¥32,077,333.05, up 17.21% year-on-year, accounting for 9.26% of operating revenue[3] - Research and development expenses increased to ¥91,630,273.28 in 2024 from ¥69,900,270.77 in 2023, marking a rise of 31.0%[17] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥81,539,790.51 year-to-date, down 26.80% compared to the previous year[2] - Cash inflow from operating activities for the first three quarters of 2024 was ¥854,191,870.12, up from ¥656,216,311.90 in the same period of 2023, reflecting a growth of approximately 30%[19] - Cash outflow from operating activities for the first three quarters of 2024 was ¥772,652,079.61, compared to ¥544,818,650.86 in the same period of 2023, an increase of about 42%[19] - The net cash flow from operating activities for the first three quarters of 2024 was ¥81,539,790.51, down from ¥111,397,661.04 in the same period of 2023, a decrease of approximately 27%[19] - Cash and cash equivalents at the end of Q3 2024 were ¥347,676,900.36, down from ¥675,283,556.25 at the end of Q3 2023, a decrease of about 49%[20] - The company reported cash inflow from investment activities of ¥2,074,825,664.56 for the first three quarters of 2024, compared to ¥426,053,501.06 in the same period of 2023, indicating significant growth[20] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥3,511,441,430.03, reflecting a 5.31% increase from the end of the previous year[3] - Total current assets amounted to ¥1,595,302,252.66, down from ¥1,732,911,862.24, indicating a decrease of about 7.9%[13] - Total liabilities increased to ¥1,881,688,291.91 from ¥1,716,288,933.64, reflecting a rise of 9.6%[16] - The company's equity attributable to shareholders reached ¥1,567,134,952.80, up from ¥1,548,485,065.65, showing an increase of 1.2%[16] Shareholder Information - As of September 30, 2024, the total number of ordinary shareholders was 6,944, with the largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holding 116,730,407 shares, representing 48.00% of the total shares[9] - The company repurchased 2,000,000 shares, accounting for 0.82% of total shares, which is not included in the top ten shareholders[10] - The company has not disclosed any significant changes in shareholder relationships or agreements among the top shareholders[10] Operational Updates - The company experienced a significant increase in financial expenses, which rose by 158.28% to ¥14,405,400, primarily due to convertible bond interest expenses[6] - The company is currently in the construction phase for its subsidiary, which has not yet fully commenced production, resulting in a loss of ¥3,990,100 in Q3 2024[6] - The new earphone project with major clients is progressing well, with mass shipments already started, indicating strong market demand[6] Inventory and Receivables - Inventory increased significantly to ¥388,411,757.44 from ¥251,889,217.55, representing a growth of approximately 54%[13] - The accounts receivable rose to ¥463,616,969.18 from ¥441,313,661.96, showing an increase of about 5%[13] Earnings Per Share - The basic and diluted earnings per share for Q3 2024 were both ¥0.27, down from ¥0.29 in Q3 2023[18]