神通科技(605228) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 decreased by 18.74% year-on-year, totaling approximately ¥966.92 million[2] - Net profit attributable to shareholders decreased by 210.32%, amounting to approximately ¥16.56 million[2] - Net profit excluding non-recurring items decreased by 233.65%, totaling approximately ¥14.34 million[2] - The net profit attributable to shareholders of the listed company decreased by 210.32 million, primarily due to a decline in sales of certain customer models and a decrease in market share[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -233.65 million, influenced by increased share-based payment expenses due to the implementation of a stock option incentive plan[7] - The net profit for Q3 2024 was CNY 16,557,784.87, a decrease of 27.5% compared to CNY 22,843,451.91 in Q3 2023[18] - The total profit for Q3 2024 was CNY 15,507,651.83, a decrease of 34.5% from CNY 23,704,085.31 in Q3 2023[18] - The operating profit for Q3 2024 was CNY 15,936,214.93, down 38.7% from CNY 25,936,477.24 in Q3 2023[18] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 showing signs of stabilization despite revenue decline[17] Cash Flow and Liquidity - Cash flow from operating activities decreased by 72.60%, amounting to approximately ¥32.62 million[2] - The net cash flow from operating activities for the year-to-date was -72.60 million, mainly due to an increase in cash payments for goods and services[7] - The cash flow from operating activities for the first three quarters of 2024 was CNY 32,622,223.93, a significant decrease from CNY 119,060,079.15 in the same period of 2023[21] - Cash and cash equivalents decreased by 52.55%, primarily due to investments in financial products and repayment of bank loans[6] - Cash and cash equivalents decreased to CNY 513,722,720.96 as of September 30, 2024, from CNY 1,082,646,732.37 at the end of 2023, highlighting liquidity challenges[14] - The cash and cash equivalents at the end of Q3 2024 were CNY 468,872,490.09, down from CNY 849,757,951.95 at the end of Q3 2023[22] - The company reported a foreign exchange impact on cash and cash equivalents of -CNY 171,728.64 in Q3 2024[22] Assets and Liabilities - Total assets as of the end of the reporting period decreased by 4.87% compared to the end of the previous year, totaling approximately ¥2.88 billion[3] - Total assets as of September 30, 2024, were CNY 2,882,013,486.72, down from CNY 3,029,595,826.81 at the end of 2023[16] - Total liabilities decreased to CNY 1,321,285,586.47 from CNY 1,449,759,949.78, indicating a reduction in debt levels[15] - Shareholders' equity attributable to the parent company decreased by 1.21%, totaling approximately ¥1.56 billion[3] Operational Metrics - Total operating revenue for the first three quarters of 2024 was CNY 966,915,381.98, a decrease of 8.1% compared to CNY 1,052,127,016.04 in the same period of 2023[17] - Total operating costs for the first three quarters of 2024 were CNY 961,789,954.76, down from CNY 1,026,219,879.32, reflecting a cost reduction strategy[17] - Research and development expenses increased to CNY 62,989,864.97 in 2024 from CNY 60,534,970.05 in 2023, indicating a continued focus on innovation[17] - Trade receivables increased by 51.32%, mainly due to an increase in bill settlements during the period[6] - The company reported a significant increase of 291.29% in prepayments, attributed to new supplier prepayments[6] - Inventory increased to CNY 265,321,902.81 from CNY 232,860,323.07, reflecting potential stockpiling or slower sales[14] Future Outlook - The company plans to expand its optical lens production base, contributing to a 324.58% increase in construction in progress[6] - The company plans to expand its market presence and invest in new technologies to drive future growth[17]