Financial Performance - The company's operating revenue for Q3 2024 was ¥265,119,456.97, representing a year-on-year increase of 30.05%[2] - The net profit attributable to shareholders was -¥30,726,397.13, a decrease of 1,596.56% compared to the same period last year[2] - The net profit for Q3 2024 was -53,344,060.22 CNY, compared to a net profit of 36,488,797.10 CNY in Q3 2023, indicating a significant decline[18] - Operating profit for Q3 2024 was -54,629,624.52 CNY, down from 22,850,226.33 CNY in the same period last year[18] - The net profit attributable to the parent company for the first three quarters of 2024 was ¥139,107,714.75, down from ¥210,810,504.68 in 2023, indicating a decrease of approximately 34.00%[16] - The total comprehensive income attributable to the parent company for Q3 2024 was -48,670,605.97 CNY, compared to 38,887,162.82 CNY in Q3 2023[19] - The basic and diluted earnings per share for Q3 2024 were both -0.11 CNY, compared to 0.10 CNY in Q3 2023[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥101,556,994.11 for the year-to-date period[2] - The net cash flow from operating activities for Q3 2024 was -101,556,994.11 CNY, compared to -15,822,332.73 CNY in Q3 2023[21] - The total cash flow from investing activities in Q3 2024 was -388,517,305.88 CNY, a decrease from -70,475,563.53 CNY in the same period last year[21] - The net cash flow from financing activities for Q3 2024 was 35,595,765.23 CNY, down from 571,963,002.82 CNY in Q3 2023[22] - The cash and cash equivalents at the end of Q3 2024 were 310,762,192.93 CNY, down from 867,798,746.33 CNY at the end of Q3 2023[22] - The company's cash and cash equivalents decreased to ¥1,476,672,080.64 from ¥1,871,862,487.50, a decline of about 21.06%[16] - The total current assets as of September 30, 2023, amounted to approximately RMB 1,200,000,000, with cash and cash equivalents at RMB 347,220,913.15[12] Research and Development - Research and development expenses totaled ¥31,673,968.52, accounting for 11.95% of operating revenue, with a year-on-year increase of 24.86%[3] - Research and development expenses for the first three quarters of 2024 amounted to ¥82,708,164.38, up from ¥68,869,674.55 in 2023, reflecting a growth of approximately 20.11%[17] - The company has invested significantly in automation and new product development, including CPU sockets and high-speed connectors[6] Shareholder Information - The top ten shareholders hold a total of 145,710,720 shares, representing 31.61% of the total shares outstanding[9] - The company has not reported any significant changes in shareholder relationships or agreements among the top shareholders[9] Operational Insights - The decline in net profit is attributed to increased costs and competitive pressures in the defense product market[6] - The company anticipates continued growth in revenue driven by the expansion of new communication business capabilities[6] - The company has not indicated any future guidance or outlook for the upcoming quarters[12] - There were no significant reminders or additional important information regarding the company's operational status during the reporting period[12] - The company has not engaged in any mergers or acquisitions during this quarter[12] - The company has not issued any new strategies or products during the reporting period[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,675,202,306.99, reflecting a 4.11% increase from the previous year[3] - The company's total assets as of the end of Q3 2024 were ¥2,675,202,306.99, compared to ¥2,569,683,792.72 at the end of Q3 2023, showing an increase of about 4.12%[16] - The total liabilities of the company reached ¥1,226,652,738.45, up from ¥1,046,725,048.90 in the previous year, which is an increase of approximately 17.25%[14] - The company's inventory increased to ¥302,150,770.71 from ¥230,739,885.34, representing a growth of about 30.96%[16] - The total equity attributable to shareholders decreased to ¥1,432,353,947.11 from ¥1,502,827,735.18, reflecting a decline of approximately 4.66%[16] - The company reported a significant increase in accounts payable, which rose to ¥429,595,957.77 from ¥271,101,642.87, marking an increase of approximately 58.57%[14] Other Financial Metrics - Non-recurring gains for the period amounted to ¥6,551,878.49, with government subsidies contributing ¥7,534,235.32[4] - The company reported a significant increase in trading financial assets, rising from RMB 110,139,903.41 to RMB 206,125,811.31, indicating an increase of about 87%[12] - Accounts receivable increased to RMB 593,334,123.92 from RMB 487,049,019.45, reflecting a growth of approximately 22%[12]
华丰科技(688629) - 2024 Q3 - 季度财报