Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was ¥19.09 million, a decrease of 25.47% compared to ¥25.61 million in the same period of 2023[4]. - Operating revenue for the first nine months of 2024 increased by 20.62% to ¥529.20 million, up from ¥438.72 million in the same period of 2023[4]. - The basic earnings per share for the first nine months of 2024 was ¥0.20, a decrease of 47.37% from ¥0.38 in the same period of 2023[4]. - The company reported a total profit of ¥21,640,532.66 for the first nine months of 2024, down from ¥27,582,004.12 in 2023, reflecting a decrease of about 21.5%[31]. - The company’s operating profit for the first nine months of 2024 was ¥21,676,664.45, down from ¥27,613,799.95 in 2023, indicating a decrease of approximately 21.5%[31]. - The total comprehensive income amounted to 19,204,661.25 yuan, a decrease from 25,640,809.00 yuan in the previous period[33]. Cash Flow - Cash flow from operating activities for the first nine months of 2024 decreased by 66.23% to ¥27.07 million, down from ¥80.17 million in the same period of 2023[4]. - Cash inflows from operating activities totaled 540,509,342.26 yuan, compared to 521,895,335.77 yuan in the same period last year, reflecting a growth of approximately 3.3%[35]. - Cash outflows from operating activities were 513,434,408.76 yuan, an increase from 441,729,116.38 yuan, resulting in a net cash flow from operating activities of 27,074,933.50 yuan, down from 80,166,219.39 yuan[37]. - The ending balance of cash and cash equivalents was 43,865,090.93 yuan, down from 149,044,821.01 yuan in the previous period[37]. - The company reported a decrease in cash flow from operating activities, with a net cash flow of 23,157,949.12 yuan compared to 80,078,718.48 yuan in the previous period[39]. Assets and Liabilities - Total assets as of September 30, 2024, reached ¥737.50 million, a 0.96% increase from ¥730.51 million at the end of 2023[4]. - The company's debt-to-asset ratio (consolidated) was 41.16%, up from 39.33% at the end of 2023[4]. - Total liabilities reached ¥320.03 billion, compared to ¥302.63 billion, marking an increase of approximately 5.7%[28]. - Owner's equity decreased to ¥428.78 billion from ¥437.91 billion, a decline of about 2.6%[29]. - Current liabilities rose to ¥300.48 billion, up from ¥290.60 billion, indicating an increase of about 3.0%[28]. Research and Development - Research and development expenses increased by 50.72% to ¥22.07 million, reflecting higher investment in new battery technologies[6]. - Research and development expenses rose significantly to ¥22,067,632.89, compared to ¥14,641,492.52 in the previous year, marking an increase of about 50.5%[30]. Shareholder Information - The total number of unrestricted shares increased from 24,498,700 to 26,818,700, representing a rise from 25.94% to 28.39% of total shares[9]. - The total number of restricted shares decreased from 69,951,300 to 67,631,300, reflecting a change from 74.06% to 71.61% of total shares[10]. - The largest shareholder, Li Weihai, holds 27,563,000 shares, representing 29.18% of total shares[11]. - The company has 4,364 shareholders holding common stock[10]. Legal and Regulatory Matters - The company is involved in a lawsuit with Guangdong Jinlaite Intelligent Technology Co., Ltd. for an outstanding payment of CNY 2,000,000, which constitutes 0.27% of the company's net assets[15]. - The company has disclosed commitments as per the prospectus published on August 28, 2023, on the Beijing Stock Exchange website[22]. Government and Financial Support - The total amount of government subsidies recognized in the current period was CNY 581,746.72[8]. - The company plans to apply for a total credit limit of up to RMB 700 million from banks and financial institutions to support its working capital needs[16]. - The total amount of bank credit guarantees provided by the company and its shareholders is significant, indicating strong financial backing for operational needs[19]. Investment and Impairment - The company experienced a 195.58% increase in asset impairment losses, primarily due to a decline in lithium battery business performance[7]. - The company reported a credit impairment loss of ¥2,951,878.22, compared to a loss of ¥71,934.13 in the previous year[31].
力王股份(831627) - 2024 Q3 - 季度财报