Financial Performance - Net profit attributable to shareholders dropped by 47.41% to ¥18,569,836.80 for the first nine months of 2024, down from ¥35,309,480.90 in the same period of 2023[4] - Basic earnings per share decreased by 62.07% to ¥0.33 for the first nine months of 2024, down from ¥0.87 in the same period of 2023[4] - The company experienced a 120.42% decline in net profit after deducting non-recurring gains and losses, resulting in a loss of ¥1,818,444.63 for the third quarter of 2024[5] - Revenue decreased by 32.41% year-on-year to ¥85,456,800.32, primarily due to a slowdown in the European economy and reduced product demand from major clients[8] - Total operating revenue for the first nine months of 2024 was ¥85,456,800.32, a decrease of 32.4% compared to ¥126,429,945.75 in the same period of 2023[24] - The company reported an operating profit of ¥21,465,961.20, down 45.3% from ¥39,207,692.52 in the same period of 2023[24] - The company’s total profit for the first nine months of 2024 was ¥21,434,590.53, a decrease of 46.8% from ¥40,273,404.29 year-on-year[24] Cash Flow and Investments - Cash flow from operating activities declined by 41.35% to ¥30,025,039.24 for the first nine months of 2024, compared to ¥51,190,150.38 in the same period of 2023[4] - The company reported a net cash outflow from investing activities of CNY -236,089,006.18 for the first nine months of 2024, compared to CNY -20,496,952.29 in the same period of 2023[30] - Cash received from investment reached ¥40,000,000.00, marking a 100% increase, primarily due to the maturity and partial redemption of financial products[9] - Cash paid for investments totaled ¥254,062,666.67, reflecting a 100% increase as a result of purchasing financial products during the reporting period[9] - The company reported a net decrease in cash and cash equivalents of ¥281,657,852.84 for the period, compared to an increase of ¥38,731,120.10 in the same period last year[32] Assets and Liabilities - Total assets decreased by 11.27% to ¥519,405,297.75 as of September 30, 2024, compared to ¥585,389,513.49 at the end of 2023[3] - Total liabilities decreased from CNY 31,620,744.00 to CNY 19,385,297.38, a reduction of approximately 38.5%[20] - Current liabilities decreased from CNY 30,255,402.61 to CNY 18,327,272.28, representing a decline of about 39.5%[20] - Total equity decreased from CNY 553,768,769.49 to CNY 500,020,000.37, a decline of about 9.7%[21] - The company has cash and cash equivalents of 84,078,169.13 yuan as of September 30, 2024, down from 362,526,579.66 yuan at the end of 2023[18] Expenses - Tax expenses increased by 117.35% year-on-year to ¥1,419,008.69, mainly because the company no longer enjoys tax exemptions on property and land use taxes[8] - Sales expenses rose by 65.16% year-on-year to ¥2,603,511.58, attributed to increased overseas warehousing costs and sales personnel expenses under the new consignment model[8] - Research and development expenses were ¥5,170,382.63, slightly down from ¥5,419,769.54 year-on-year[24] - The company incurred management expenses of CNY 9,269,593.66 in the first nine months of 2024, a decrease from CNY 9,871,788.90 in the same period of 2023[27] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 55,850,000, with 3,267 shareholders[11] - The largest shareholder, Jinyun County Rijin Investment Co., Ltd., holds 41.90% of the shares, totaling 23,400,000 shares[12] - The total shareholding of major shareholders is 39,874,636 shares, accounting for 71.39% of the total shares[13] Other Information - The company has no significant litigation or arbitration matters during the reporting period[16] - There are no major related party transactions or external guarantees during the reporting period[15] - The company has disclosed commitments that have been fulfilled without any violations[17] - The company has no pledged or frozen assets that significantly impact its operations[17]
前进科技(873679) - 2024 Q3 - 季度财报