Financial Performance - Operating revenue for the first nine months of 2024 was CNY 179,106,079.75, down 7.70% from CNY 194,048,063.79 in the same period of 2023[4] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 32,505,546.43, an increase of 5.05% from CNY 30,942,431.16 in the previous year[4] - Revenue for the third quarter of 2024 was CNY 61,634,929.51, a decline of 29.80% compared to CNY 87,803,501.67 in the same quarter of 2023[4] - Net profit attributable to shareholders for the third quarter of 2024 was CNY 11,234,727.92, down 32.68% from CNY 16,687,499.80 in the same quarter of 2023[4] - Total operating revenue for the first nine months of 2024 was CNY 179,106,079.75, a decrease of 7.4% compared to CNY 194,048,063.79 in the same period of 2023[18] - Total operating costs for the same period were CNY 148,390,979.76, down 7.2% from CNY 159,896,008.61 year-over-year[18] - Net profit attributable to the parent company increased to CNY 130,272,223.72 from CNY 129,111,142.42, reflecting a slight growth[17] - Total profit for the first nine months of 2024 was ¥36,681,388.34, compared to ¥35,523,035.56 in the same period of 2023, reflecting an increase of approximately 3.3%[20] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was CNY 30,512,693.51, a significant increase of 3,182.08% compared to a negative cash flow of CNY -990,004.19 in the same period last year[4] - Cash inflow from operating activities for the first nine months of 2024 totaled ¥197,705,298.35, slightly down from ¥198,495,649.06 in the same period of 2023[22] - Cash outflow from operating activities for the first nine months of 2024 was ¥167,192,604.84, compared to ¥199,485,653.25 in the same period of 2023, indicating a decrease of approximately 16.2%[22] - Net cash flow from operating activities for the period was ¥30,890,323.45, compared to a negative cash flow of ¥1,288,314.94 in the same period last year, indicating a significant recovery[25] - Total cash inflow from operating activities reached ¥198,017,683.55, slightly up from ¥197,621,891.97 year-over-year[24] - Cash outflow for purchasing goods and services decreased to ¥102,121,180.29 from ¥123,140,095.43, reflecting improved cost management[25] Assets and Liabilities - Total assets as of September 30, 2024, were CNY 537,156,277.46, a decrease of 3.50% compared to CNY 556,660,312.44 at the end of 2023[4] - The company's debt-to-asset ratio (consolidated) decreased to 22.55% from 25.67% year-over-year[4] - The total number of shares held by the top ten shareholders decreased by 619,529 shares, resulting in a total of 67,975,490 shares, which represents 65.65% of the total shares[8] - The company's accounts receivable decreased from ¥142,925,231.94 at the end of 2023 to ¥111,668,307.52, a reduction of about 21.9%[12] - The inventory increased to ¥145,434,491.72 from ¥126,752,510.23, indicating a rise of approximately 14.74%[12] - The total current liabilities decreased from ¥139,541,673.79 to ¥118,227,623.22, a reduction of approximately 15.3%[13] - Total liabilities decreased to CNY 121,150,904.43 from CNY 142,714,424.08, a decline of about 15.2%[16] Expenses - The company reported R&D expenses of CNY 7,797,836.55, down from CNY 9,045,311.83, indicating a reduction of 13.8%[18] - The company’s financial expenses increased by 104.55% to CNY 17,720.87, primarily due to higher bank loan interest[5] - Research and development expenses for the first nine months of 2024 were ¥7,788,763.43, down from ¥9,024,253.04 in the same period of 2023, representing a reduction of about 13.7%[20] Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,491,645.45, with a net amount after tax of CNY 2,132,415.95[6] - Basic and diluted earnings per share for the first nine months of 2024 were both ¥0.31, compared to ¥0.30 in the same period of 2023, showing a growth of about 3.3%[20] - Other income for the first nine months of 2024 was ¥3,509,296.52, up from ¥2,383,342.23 in the same period of 2023, indicating a growth of about 47.2%[20] - The company reported a credit impairment loss of ¥2,129,166.75 for the first nine months of 2024, compared to a gain of ¥3,257,050.79 in the same period of 2023[20] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[18]
中寰股份(836260) - 2024 Q3 - 季度财报