正裕工业(603089) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 increased by 31.65% year-on-year, reaching approximately CNY 1.64 billion[2] - Net profit attributable to shareholders decreased by 31.74% year-on-year, amounting to approximately CNY 46.74 million[2] - The net profit after deducting non-recurring gains and losses fell by 35.67% year-on-year, totaling approximately CNY 40.42 million[2] - Basic earnings per share decreased by 31.25% to CNY 0.21 for the current period[3] - Total operating revenue for the first three quarters of 2024 reached ¥1,639,692,305.39, an increase of 28.6% compared to ¥1,274,849,403.14 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was ¥57,657,762.16, a decrease of 21.6% from ¥73,522,677.94 in the same period of 2023[13] - The net profit attributable to shareholders of the parent company for Q3 2024 was CNY 46,742,192.64, a decrease of 28.8% compared to CNY 65,673,531.17 in Q3 2023[14] - The total comprehensive income for Q3 2024 was CNY 57,654,526.37, down from CNY 75,913,407.99 in Q3 2023, reflecting a decline of 24.0%[14] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 81.90%, amounting to approximately CNY 25.36 million[2] - Cash inflows from operating activities totaled CNY 1,584,604,277.24, an increase of 17.3% from CNY 1,351,057,990.63 in the same period last year[15] - Cash outflows from operating activities were CNY 1,559,245,743.53, compared to CNY 1,210,988,794.82 in Q3 2023, representing an increase of 28.7%[15] - The net cash flow from operating activities for Q3 2024 was CNY 25,358,533.71, a significant decrease of 81.9% from CNY 140,069,195.81 in Q3 2023[15] - The company received CNY 112,027,739.39 in tax refunds, compared to CNY 86,328,553.54 in the same period last year, reflecting a growth of 29.8%[15] - The net cash flow from investing activities was CNY -305,577,598.14, compared to CNY -292,939,397.82 in Q3 2023, indicating a slight increase in cash outflow[16] - The net cash flow from financing activities was CNY 223,040,768.24, up from CNY 148,467,572.84 in Q3 2023, marking an increase of 50.2%[16] - The ending cash and cash equivalents balance as of Q3 2024 was CNY 39,897,217.62, down from CNY 55,570,258.04 at the end of Q3 2023[16] Assets and Liabilities - Total assets as of the end of the reporting period increased by 16.46% year-on-year, reaching approximately CNY 3.21 billion[3] - Current assets totaled CNY 1,381,307,743.87, an increase of 24.3% from CNY 1,111,434,832.53 at the end of 2023[9] - Accounts receivable rose to CNY 628,775,450.82, up 49.5% from CNY 420,529,983.22 in December 2023[9] - Inventory increased to CNY 554,238,135.94, reflecting a growth of 21.3% compared to CNY 457,042,818.55 at the end of 2023[9] - Long-term equity investments grew to CNY 8,224,156.04, up from CNY 4,604,826.04, marking an increase of 78.5%[10] - Fixed assets reached CNY 1,108,615,728.82, an increase of 20.7% from CNY 918,613,670.75 at the end of 2023[10] - Total liabilities as of the end of Q3 2024 amounted to ¥1,839,101,888.49, an increase of 27.1% from ¥1,446,495,003.63 at the end of Q3 2023[13] - Accounts payable rose to CNY 481,941,354.37, an increase of 33.0% from CNY 362,623,881.56 at the end of 2023[10] Operational Insights - The company is in an expansion phase, with increased costs in R&D, sales, and depreciation impacting profitability[6] - The company reported a significant increase in operating scale due to capacity release[6] - The company has not reported any significant changes in its operational strategies or new product developments during the reporting period[9] - Research and development expenses increased to ¥77,988,541.47, representing a rise of 33.4% compared to ¥58,532,384.65 in the previous year[13] - The financial expenses for the first three quarters of 2024 were ¥16,178,563.95, significantly higher than ¥4,775,952.15 in the same period of 2023[13] - The company reported an investment loss of ¥8,218,633.39, an improvement from a loss of ¥14,239,765.77 in the previous year[13] - The tax expenses for the first three quarters of 2024 were ¥9,602,482.87, down from ¥13,885,123.33 in the same period of 2023[13]