Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 249,716,734.95, reflecting a 15.21% increase from CNY 216,758,249.86 in the same period of 2023[4] - Net profit attributable to shareholders rose by 19.88% to CNY 19,904,530.63 for the first nine months of 2024, up from CNY 16,603,452.74 in 2023[4] - The gross profit margin for the third quarter of 2024 was stable, with net profit attributable to shareholders at CNY 6,238,878.05, a slight increase of 1.37% compared to CNY 6,154,812.25 in the same quarter of 2023[4] - Total revenue for the first nine months of 2024 reached ¥249.72 million, an increase of 15.2% compared to ¥216.76 million in the same period of 2023[24] - Operating profit for the first nine months of 2024 was ¥22.29 million, up 29.5% from ¥17.26 million in the same period of 2023[25] - Net profit for the first nine months of 2024 was ¥19.90 million, representing a 19.0% increase from ¥16.60 million in the same period of 2023[25] Cash Flow - The net cash flow from operating activities improved significantly by 462.51%, reaching CNY 27,356,025.37, compared to a negative CNY 7,546,180.04 in the previous year[4] - Operating cash flow net amount for the period was $50,513,171.16, a significant increase compared to $82,394.30 in the same period last year[31] - Total cash inflow from operating activities reached $159,110,047.42, up from $151,418,711.04 year-over-year[30] - The total cash inflow from operating activities included $153,370,195.64 from sales of goods and services, an increase from $144,996,732.62 year-over-year[30] - The company reported a cash and cash equivalents net increase of -$4,351,799.29, compared to -$9,129,031.99 in the same period last year[31] Assets and Liabilities - Total assets increased by 11.53% to CNY 557,823,608.24 as of September 30, 2024, compared to CNY 500,170,681.69 at the end of 2023[4] - Total liabilities reached CNY 212.16 billion, compared to CNY 175.00 billion, indicating an increase of 21.2%[20] - Current assets rose to CNY 211.59 billion, compared to CNY 183.50 billion, marking an increase of 15.3%[18] - Inventory increased significantly to CNY 74.84 billion, up from CNY 60.40 billion, reflecting a growth of 24.0%[18] - Short-term borrowings surged by 116.26% to CNY 66,964,722.22, reflecting increased financing activities[6] Shareholder Information - The total number of unrestricted shares at the end of the reporting period is 24,355,026, representing 49.96% of the total share capital[10] - The total number of restricted shares at the end of the reporting period is 24,394,974, representing 50.14% of the total share capital[10] - The largest shareholder, Huai'an Haoxin Hydraulic Co., Ltd., holds 14,000,000 shares, accounting for 28.72% of the total shares[11] - The second-largest shareholder, Ma Jinxing, holds 7,493,717 shares, representing 15.37% of the total shares[11] - The total number of shareholders holding more than 5% of shares is 10, with a combined holding of 37,718,558 shares, which is 77.37% of the total shares[12] Research and Development - Research and development expenses increased by 33.19% to CNY 10,790,462.18, indicating a commitment to innovation[6] - Research and development expenses for the first nine months of 2024 were ¥10.79 million, up 33.1% from ¥8.10 million in the same period of 2023[24] - Research and development expenses increased to ¥9.16 million in the first nine months of 2024, up from ¥6.70 million in the same period of 2023, marking a rise of 36.7%[26] Other Financial Metrics - Non-operating income decreased by 91.90% to CNY 161,347.74, primarily due to reduced government subsidies received[7] - The net amount of non-recurring gains and losses was CNY 2,490,686.68, after accounting for tax effects[8] - The company reported a significant increase in contract liabilities by 117.23% to CNY 6,358,169.26, indicating strong future revenue commitments[6] - The company reported other income of ¥2.76 million in the first nine months of 2024, up from ¥1.29 million in the same period of 2023, representing a growth of 114.3%[26] Equity and Incentives - The company has implemented a new equity incentive plan during the reporting period, as disclosed on August 21, 2024[15] - The company has disclosed commitments made by shareholders and management in its prospectus, which includes important commitments made by the controlling shareholder[16] - There are no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[13] - The company has not engaged in any significant litigation or arbitration matters during the reporting period[14]
威博液压(871245) - 2024 Q3 - 季度财报