Revenue and Profit - Revenue for Q3 2024 reached ¥377,233,453.42, an increase of 12.21% year-over-year, while year-to-date revenue totaled ¥1,132,908,149.77, up 29.45% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥20,494,732.45, a decrease of 41.13% year-over-year, with year-to-date net profit at ¥72,358,444.30, down 28.55%[2]. - Basic earnings per share for Q3 2024 was ¥0.15, reflecting a decline of 55.85% compared to the same period last year, while year-to-date earnings per share was ¥0.54, down 46.53%[2]. - Total operating revenue for Q3 2024 reached ¥1,132,908,149.77, an increase of 29.4% compared to ¥875,176,781.62 in the same period last year[13]. - Net profit for Q3 2024 was ¥72,358,444.30, a decrease of 28.5% from ¥101,268,230.31 in Q3 2023[14]. - The total comprehensive income for the third quarter was CNY 72,146,973.47, a decrease from CNY 101,752,039.75 in the previous year, representing a decline of approximately 29%[15]. - Basic and diluted earnings per share for the quarter were both CNY 0.54, down from CNY 1.01 in the same period last year, indicating a decrease of about 47%[15]. Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥2,277,879,964.00, a decrease of 7.75% from the end of the previous year[2]. - The company's total assets decreased to ¥2,277,879,964.00 from ¥2,469,172,220.15, reflecting a decline of 7.7%[12]. - The company's total liabilities decreased to ¥381,921,821.63 from ¥585,360,931.25, a reduction of 34.7%[12]. - The company’s total accounts receivable increased by approximately 90.46% from ¥80.44 million to ¥152.90 million[10]. - The company’s inventory decreased to approximately ¥145.65 million from ¥154.19 million, reflecting a reduction of about 5.5%[10]. - The total current assets decreased significantly from approximately ¥1.55 billion to ¥976.29 million, a decline of about 37%[10]. - The company’s fixed assets increased to ¥683,407,958.57 from ¥546,148,857.59, representing a growth of 24.9%[12]. - The company reported a significant decrease in cash and cash equivalents, with a balance of approximately ¥388.36 million at the end of the quarter, down from ¥1.21 billion at the beginning of the quarter, representing a decline of about 67.8%[10]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥147,342,526.24, down 13.96% compared to the same period last year[2]. - Cash inflow from operating activities totaled CNY 1,083,633,621.57, compared to CNY 921,905,260.73 in the previous year, reflecting an increase of approximately 17.5%[16]. - Cash outflow from operating activities was CNY 936,291,095.33, up from CNY 750,652,057.93, marking an increase of around 24.7%[16]. - The net cash flow from operating activities was CNY 147,342,526.24, a decrease from CNY 171,253,202.80, representing a decline of about 14%[16]. - The net cash flow from investing activities was -CNY 577,246,775.19, worsening from -CNY 399,155,658.66 in the previous year, indicating a larger cash outflow[17]. - The net cash flow from financing activities was -CNY 386,020,255.75, compared to a positive cash flow of CNY 197,470,023.82 in the same period last year, showing a significant decline[17]. - The ending balance of cash and cash equivalents was CNY 362,766,223.48, an increase from CNY 235,025,955.82 in the previous year, reflecting a growth of approximately 54%[17]. Operating Costs and Expenses - The company’s operating costs for Q3 2024 were ¥978,314,938.51, an increase of 39.17% year-over-year, attributed to the addition of two new BOPP film production lines[4]. - Total operating costs amounted to ¥1,065,484,428.19, up 38.3% from ¥769,848,872.99 year-on-year[13]. - Research and development expenses for the period were ¥38,206,668.15, up 19.5% from ¥32,112,492.74 in the previous year[13]. - The company experienced a 66.10% increase in tax and additional charges, totaling ¥3,538,877.74, primarily due to rising real estate taxes[4]. Shareholder Information - The largest shareholder, Guangdong Deguan Group Co., Ltd., holds 38.15% of the shares, totaling approximately 50.86 million shares[8]. - The second-largest shareholder, Luo Weiman, holds 5.26% of the shares, amounting to approximately 7.02 million shares[8]. - The company has a total of 454,300 shares held by shareholder Wang Xuchun through a margin account[7]. Other Notable Events - The company reported a significant increase in prepayments, which rose by 325.05% to ¥25,160,397.90 due to increased payments to suppliers[4]. - The company completed the deregistration of its wholly-owned subsidiary, Guangdong Deguan Trading Co., Ltd., in August 2024[9]. - The company reported a financial asset impairment loss of ¥2,998,486.08, compared to a loss of ¥431,999.88 in the previous year[14]. - The company reported cash inflow from investment activities of CNY 41,869,468.19, compared to CNY 7,065,386.95 in the previous year, representing an increase of approximately 493%[17].
德冠新材(001378) - 2024 Q3 - 季度财报