Financial Performance - The company's revenue for Q3 2024 was ¥112,898,676.97, a decrease of 42.92% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥2,102,182.99, representing a decline of 105.03% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was a loss of ¥2,990,806.95, down 107.35% from the previous year[2]. - Operating revenue for the first nine months of 2024 was CNY 193.20 million, a decrease of 39.69% compared to CNY 320.36 million in the same period of 2023[8]. - The total operating revenue for the third quarter of 2024 was CNY 193,195,906.64, a decrease of 39.7% compared to CNY 320,362,254.02 in the same period last year[14]. - The net profit for Q3 2024 was a loss of ¥33.07 million, a significant decline from a profit of ¥36.03 million in the same period last year, indicating a turnaround of over 191.8%[16]. - The total profit for Q3 2024 was a loss of ¥48.88 million, compared to a profit of ¥31.73 million in Q3 2023, indicating a decline of over 254.1%[15]. Assets and Liabilities - Total assets decreased by 9.85% to ¥1,239,869,474.77 compared to the end of the previous year[2]. - The company's equity attributable to shareholders decreased by 6.84% to ¥982,272,216.25 from the end of the previous year[2]. - Total liabilities decreased to CNY 257,069,958.94 from CNY 320,208,281.48, a reduction of 19.7%[14]. - The company's total equity decreased to CNY 982,799,515.83 from CNY 1,055,085,112.80, a decline of 6.9%[14]. Cash Flow - Cash flow from operating activities was negative at ¥26,817,291.10, a decline of 206.76% year-over-year[2]. - The net cash flow from operating activities was negative CNY 26.82 million, a decline of 206.76% compared to a positive CNY 25.12 million in the same period last year[8]. - The total cash inflow from operating activities was ¥458.22 million in Q3 2024, down from ¥555.13 million in Q3 2023, a decrease of about 17.5%[17]. - The company's cash flow from financing activities was negative CNY 25.38 million, a decrease of 105.52% compared to CNY 459.82 million in the previous year, primarily due to last year's fundraising from the IPO[8]. - The net cash flow from financing activities was -25,375,298.17 CNY, a sharp decline from 459,820,913.16 CNY in the previous year[18]. Investments and Expenses - R&D expenses increased by 26.09% to CNY 68.13 million, reflecting the company's intensified investment in developing new products and applications[8]. - The company reported a significant increase in other income, which rose by 1493.94% to CNY 597.14 thousand, mainly due to compensation received from suppliers[8]. - The company reported an asset impairment loss of CNY 7.72 million, significantly higher than CNY 2.85 million in the previous year, due to increased inventory[8]. - The total operating cost for Q3 2024 was approximately ¥249.78 million, compared to ¥301.88 million in Q3 2023, reflecting a decrease of about 17.3%[15]. - Research and development expenses increased to ¥68.13 million in Q3 2024 from ¥54.04 million in Q3 2023, representing a growth of approximately 26.1%[15]. Shareholder Information - The company’s major shareholder, Li Xiaohua, holds 30.81% of the shares, while the top ten shareholders collectively control 39.81% of the company[10]. - The company has released 15,200,000 restricted shares, with 3,720,000 shares newly released during the period[11]. Other Financial Metrics - The basic and diluted earnings per share for Q3 2024 were both -¥0.617, compared to ¥0.831 in Q3 2023, marking a decline of over 174.4%[16]. - The company experienced a significant increase in credit impairment losses, which rose to ¥9.60 million in Q3 2024 from ¥8.56 million in Q3 2023, an increase of approximately 12.2%[15]. - The company reported a financial income of ¥6.57 million in Q3 2024, an increase from ¥4.24 million in Q3 2023, reflecting a growth of approximately 55.0%[15]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 44.63% to ¥273,128,350.43 due to increased cash outflows for fixed asset purchases and cash dividends[7]. - The cash and cash equivalents at the end of the period amounted to 272,878,350.43 CNY, down from 444,305,094.94 CNY at the end of the previous year[18]. - The company reported a decrease in cash and cash equivalents by 184,083,559.19 CNY during the quarter, contrasting with an increase of 305,960,047.12 CNY in the same quarter last year[18]. Audit Status - The company’s financial report for the third quarter was not audited[19].
智信精密(301512) - 2024 Q3 - 季度财报