Financial Performance - Operating revenue for the first nine months of 2024 was CNY 573,359,479.02, representing a growth of 45.86% from CNY 393,083,399.34 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 47,089,421.95, a 5.65% increase from CNY 44,573,244.00 year-on-year[5] - In Q3 2024, operating revenue was CNY 179,391,393.57, up 21.82% from CNY 147,263,457.40 in Q3 2023[6] - Net profit attributable to shareholders in Q3 2024 decreased by 40.76% to CNY 12,702,689.47 from CNY 21,441,140.99 in Q3 2023[6] - Total operating revenue for the first nine months of 2024 reached ¥573,359,479.02, a significant increase from ¥393,083,399.34 in the same period of 2023, representing a growth of approximately 46%[31] - Total operating costs increased to ¥525,214,859.60 in 2024 from ¥350,804,939.85 in 2023, reflecting a rise of about 50%[31] - Net profit for the first nine months of 2024 was ¥46,995,420.65, compared to ¥44,262,187.36 in 2023, indicating an increase of approximately 6%[32] - The total profit for the first nine months of 2024 was ¥51,751,135.52, compared to ¥47,750,985.33 in 2023, reflecting an increase of approximately 6%[32] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 1,110,346,679.71, an increase of 11.80% compared to CNY 993,124,885.98 at the end of 2023[4] - Current liabilities rose to ¥483,177,449.43 from ¥366,290,803.05, an increase of about 32%[26] - Total liabilities reached ¥621,090,193.29, up from ¥536,162,949.69, marking an increase of around 15.8%[27] - Shareholders' equity rose to ¥489,256,486.42 from ¥456,961,936.29, indicating a growth of about 7%[27] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY 19,616,086.05 in Q3 2024, compared to a negative CNY 49,594,846.60 in Q3 2023, marking a 139.55% increase[6] - Operating cash inflow totaled CNY 598,332,283.66, a decrease from CNY 738,627,086.32 in the same period last year[36] - Net cash flow from operating activities was CNY -29,088,579.80, compared to CNY -68,343,863.20 in the previous year[36] - Cash inflow from financing activities was CNY 278,427,901.99, a decrease from CNY 341,097,524.84 in the previous year[37] - Net cash flow from financing activities was CNY 47,631,182.97, compared to CNY 173,058,637.42 last year[37] Investments and Expenses - R&D expenses increased by 52.86% year-on-year to ¥19,531,813.08, driven by the addition of new R&D projects[9] - Investment income surged by 857.00% year-on-year to ¥3,842,318.99, mainly from the sale of a 70% stake in a subsidiary[9] - The company reported an investment loss of ¥3,323,476.69 in 2024, compared to a loss of ¥507,573.72 in 2023, indicating a worsening in investment performance[34] Accounts and Inventory - Accounts receivable increased by 161.23% to CNY 50,252,596.82 due to rapid growth in operating revenue[8] - Inventory rose by 45.91% to CNY 185,494,090.61, attributed to increased raw material stock[8] - Accounts receivable increased to ¥351,866,776.01 from ¥307,197,940.81, showing a growth of approximately 14.5%[25] - Inventory surged to ¥110,145,169.67 from ¥61,806,259.44, representing an increase of approximately 78%[28] Legal and Compliance - The company is involved in litigation with a total amount of approximately ¥8,758,542.41, with some cases forming estimated liabilities[15][16] - The company has provided various guarantees for loans from banks, totaling approximately ¥380,000,000.00, with some guarantees still active[18] - The company has disclosed significant events, including litigation and guarantees, in a timely manner[14] - The company has not engaged in any external borrowing during the reporting period[14] - The company has not implemented any employee stock ownership plans or share repurchase plans[14] - The company has disclosed commitments related to public offerings and stock issuance in compliance with regulations[14] - The company has not faced any investigations or penalties during the reporting period[14]
富恒新材(832469) - 2024 Q3 - 季度财报