德新科技(603032) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥97,388,585.65, a decrease of 12.99% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥8,513,954.07, down 52.72% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,897,048.43, a decline of 54.10% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.04, a decrease of 50.00% compared to the same period last year[2]. - The diluted earnings per share also stood at ¥0.04, reflecting a 50.00% decline year-over-year[2]. - The company reported a significant decline in net profit for the year-to-date, down 89.62% to ¥16,299,547.07[7]. - In the first three quarters of 2024, the company achieved total operating revenue of RMB 229.37 million, a year-on-year decrease of 55.04%[12]. - The net profit attributable to shareholders of the listed company was RMB 16.30 million, down 89.62% year-on-year[12]. - The company's gross profit margin for the first three quarters of 2024 was approximately 0.42%, compared to a significantly higher margin in the previous year[20]. - The net profit for Q3 2024 was CNY 16,116,425.91, a significant decrease from CNY 158,832,944.75 in Q3 2023, reflecting a decline of approximately 89.9%[21]. - Operating profit for Q3 2024 was CNY 843,756.93, compared to CNY 178,012,395.58 in the same period last year, indicating a substantial drop[21]. - Total revenue from sales and services for the first three quarters of 2024 was CNY 297,495,848.05, compared to CNY 501,543,086.86 in the same period of 2023, representing a decline of approximately 40.6%[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,816,617,941.63, representing an increase of 8.59% from the end of the previous year[3]. - The total liabilities increased to CNY 510,239,535.40 in Q3 2024 from CNY 445,998,429.43 in Q3 2023, reflecting an increase of about 14.4%[18]. - The company's total assets reached CNY 1,816,617,941.63 in Q3 2024, up from CNY 1,672,859,840.04 in Q3 2023, indicating a growth of approximately 8.6%[19]. - The equity attributable to shareholders increased by 4.20% year-over-year, reaching ¥1,270,361,611.14[3]. - The company's equity attributable to shareholders rose to CNY 1,270,361,611.14 in Q3 2024 from CNY 1,219,211,367.88 in Q3 2023, an increase of approximately 4.2%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥112,632,899.11, down 33.81% compared to the previous year[2]. - Cash flow from operating activities for the first three quarters of 2024 was CNY 112,632,899.11, down from CNY 170,160,668.22 in the previous year, a decrease of about 33.8%[24]. - The company experienced a net cash outflow from investing activities of CNY 140,393,315.42 in Q3 2024, compared to a net outflow of CNY 175,261,380.67 in Q3 2023[24]. - The total cash outflow from financing activities in Q3 2024 was CNY 22,029,013.97, compared to CNY 129,624,674.69 in Q3 2023, indicating a decrease of approximately 83.0%[25]. - As of September 30, 2024, cash and cash equivalents amounted to RMB 128.86 million, down from RMB 176.56 million at the end of 2023[16]. - Cash and cash equivalents at the end of Q3 2024 were CNY 128,730,740.79, down from CNY 82,408,351.67 at the end of Q3 2023[25]. Competition and Market Conditions - The company attributed the revenue decline to intense competition and price wars in the renewable energy market[6]. - The company continues to face intense competition in the new energy market, impacting sales and profit margins[12]. Business Developments - The company repurchased and canceled 462,000 restricted shares, reducing the total number of shares from 234,515,400 to 234,053,400[14]. - The company purchased 51% equity of Anhui Hamps Precision Transmission Co., Ltd. for a total of RMB 152.49 million to expand its business scale[15]. - The subsidiary Dongguan Zhihong Precision Mould Co., Ltd. reported main business revenue of RMB 174.81 million, a decline of 62.29% year-on-year[12]. - The net profit attributable to the parent company from the subsidiary was RMB 15.48 million, a decrease of 91.56% year-on-year[12]. - The company aims to leverage its extensive experience in mould manufacturing to meet the production needs of domestic battery manufacturers[13]. Inventory and Receivables - Inventory increased to CNY 63,898,182.12 in Q3 2024 from CNY 61,415,607.33 in Q3 2023, reflecting a growth of about 4.0%[17]. - Accounts receivable increased to RMB 207.08 million from RMB 190.33 million at the end of 2023[16]. - Accounts payable increased to CNY 73,848,612.59 in Q3 2024 from CNY 27,087,120.51 in Q3 2023, representing an increase of about 172.5%[18]. - Short-term borrowings rose to CNY 22,018,888.90 in Q3 2024, compared to CNY 3,002,750.00 in Q3 2023, marking an increase of approximately 634.5%[18]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 18,787,208.68, down from CNY 24,630,721.25 in the same period of 2023, indicating a decrease of about 23.8%[20].