BVEA(SH:600379)2024-10-29 09:18Financial Performance - Operating revenue for Q3 2024 was CNY 312,420,019.30, a decrease of 13.75% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 23,115,736.70, down 5.15% year-on-year[2]. - Net profit excluding non-recurring gains and losses was CNY 20,307,158.65, a decrease of 13.14% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was CNY 0.0700, a decrease of 5.15% compared to the same period last year[2]. - The weighted average return on equity was 3.2020%, a decrease of 0.4372 percentage points from the previous year[2]. - The net profit for Q3 2024 was CNY 70,536,261.71, an increase of 22.3% compared to CNY 57,644,590.37 in Q3 2023[19]. - The operating profit for Q3 2024 reached CNY 77,184,965.33, up 21.7% from CNY 63,408,263.37 in the same period last year[19]. - Basic and diluted earnings per share for Q3 2024 were CNY 0.2091, compared to CNY 0.1711 in Q3 2023, reflecting a 22.2% increase[20]. - The total profit for Q3 2024 was CNY 77,653,940.10, an increase of 23.0% from CNY 63,395,893.60 in Q3 2023[19]. - The company reported a significant increase in other income, totaling CNY 10,372,276.15 in Q3 2024, compared to CNY 4,044,270.35 in Q3 2023[19]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,685,956,743.25, an increase of 10.26% from the end of the previous year[3]. - Total assets increased to CNY 1,685,956,743.25 from CNY 1,529,096,458.50, representing a growth of about 10.3%[16]. - Total liabilities rose to CNY 919,128,125.68 from CNY 794,297,480.25, indicating an increase of approximately 15.7%[17]. - The company's cash and cash equivalents decreased to CNY 413,721,966.19 from CNY 501,512,603.94, reflecting a decline of approximately 17.5%[15]. - Accounts receivable increased significantly to CNY 640,474,619.13 from CNY 281,509,925.86, marking an increase of about 127.5%[15]. - Inventory levels decreased to CNY 157,544,393.06 from CNY 224,743,032.28, a reduction of approximately 30%[15]. - The company reported a decrease in contract liabilities to CNY 5,943,939.27 from CNY 24,211,886.19, a decline of about 75.5%[16]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 738,980,790.87, up 4.85% year-on-year[3]. - The total number of ordinary shareholders at the end of the reporting period was 24,102[8]. - The controlling shareholder, Shaanxi Baoguang Group Co., Ltd., increased its stake by 9,897,974 shares, reaching 29.96% of the total share capital as of February 6, 2024[11]. - As of September 30, 2024, the company held total assets of RMB 99,060,484 shares, representing 30% of the total share capital[12]. - The top ten shareholders include Shaanxi Baoguang Group Co., Ltd. with 99,060,484 shares (29.96%) and Tibet Fenghong Investment Management Co., Ltd. with 46,856,600 shares (13.88%)[10]. - The company reported a total of 8,031,700 shares held by Guangfa Securities Asset Management, accounting for 2.43% of the total shares[10]. - The company has not undergone any changes in its controlling shareholder or actual controller following the recent share increases[11]. - The company’s top ten shareholders have not changed significantly due to securities lending or borrowing activities[10]. Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date was CNY -31,405,703.95, primarily due to a decrease in cash collections[6]. - The company reported a net cash outflow from investing activities of CNY -25,077,232.15 for Q3 2024, compared to CNY -3,155,891.85 in Q3 2023[21]. - Cash and cash equivalents at the end of Q3 2024 were CNY 399,790,716.12, a decrease from CNY 364,686,543.66 at the end of Q3 2023[21]. - The company incurred interest expenses of CNY 2,451,925.61 in Q3 2024, compared to CNY 2,364,190.12 in Q3 2023[19]. - The company’s cash flow from financing activities showed a net outflow of CNY -5,449,609.22 in Q3 2024, compared to CNY -21,022,293.24 in Q3 2023[21]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 37,370,428.33, compared to CNY 36,250,209.07 in 2023, showing an increase of approximately 3.1%[18]. Corporate Governance - The company completed the election of the eighth board of directors and the eighth supervisory board on August 28, 2024[12]. - The company’s financial statements as of September 30, 2024, are unaudited and will be disclosed in detail in future reports[14]. - The company’s major shareholders have not participated in any margin trading or securities lending activities during the reporting period[10].