AMEC(SH:688012)2024-10-29 08:58Revenue and Orders - The company's revenue for the first three quarters of 2024 reached 5.507 billion RMB, a year-on-year increase of approximately 36.27%[2] - The revenue from etching equipment in the first three quarters of 2024 was 4.413 billion RMB, representing a year-on-year growth of about 53.77%[2] - New orders for the first three quarters of 2024 totaled 7.64 billion RMB, up approximately 52.0% year-on-year, with etching equipment orders contributing 6.25 billion RMB, a growth of about 54.7%[2][8] - In Q3 2024, the company's operating revenue reached 2.059 billion RMB, a year-on-year increase of 35.96%[11] - The revenue from etching equipment in Q3 2024 was 1.715 billion RMB, growing by 49.41% compared to the same period last year[11] - For the first three quarters of 2024, the total operating revenue was 5.507 billion RMB, reflecting a year-on-year growth of 36.27%[11] Profit and Earnings - The net profit attributable to shareholders for the first three quarters of 2024 was 912.98 million RMB, a decrease of about 21.28% year-on-year[9] - The net profit for Q3 2024 was 396.29 million RMB, a significant increase of approximately 152.63% year-on-year[6] - The net profit attributable to shareholders in Q3 2024 was 396 million RMB, an increase of approximately 152.63% year-on-year[11] - The net profit after deducting non-recurring gains and losses for Q3 2024 was 330 million RMB, up by 53.79% year-on-year[11] - Net profit for Q3 2024 was ¥912,184,138.09, a decrease of 21.3% from ¥1,158,693,659.84 in Q3 2023[23] - The company reported a total profit of ¥946,561,924.83 for Q3 2024, down from ¥1,304,200,597.21 in Q3 2023[23] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to 1.544 billion RMB, an increase of 95.99% compared to the same period last year, accounting for approximately 28.03% of total revenue[2][9] - The R&D expenses in Q3 2024 increased by 136 million RMB, representing a growth of about 64.38% compared to the previous year[11] - The total R&D investment for the first three quarters of 2024 was 959.9 million RMB, highlighting the company's commitment to innovation and development[11] - The company is currently developing over 20 new devices across six categories, indicating a strong focus on R&D[11] - Research and development expenses surged to ¥913,942,970.40, representing an increase of 81.9% compared to ¥502,387,972.19 in Q3 2023[22] Assets and Liabilities - The company’s total assets as of the end of the reporting period were approximately 25.271 billion RMB, reflecting a year-on-year increase of 17.40%[5] - As of September 30, 2024, the total assets of the company reached ¥25.27 billion, an increase from ¥21.53 billion at the end of 2023, representing a growth of approximately 17.5%[20] - The company's current assets totaled ¥17.63 billion, up from ¥15.09 billion at the end of 2023, indicating a growth of about 16.7%[19] - The total liabilities rose to ¥6.53 billion, compared to ¥3.70 billion at the end of 2023, marking an increase of around 76.5%[20] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2024 was ¥267,567,582.39, a turnaround from a negative cash flow of -¥1,276,491,922.81 in the same period last year[24] - Total cash inflow from operating activities in the first three quarters of 2024 was ¥8,419,583,623.96, compared to ¥3,051,592,207.87 in the previous year[24] - The company’s total cash received from investment activities was ¥8,477,404,872.58, a decrease from ¥13,066,460,809.28 in the previous year[24] - The net cash flow from investment activities was CNY 1,167,669,860.27, a decrease from CNY 1,818,138,627.77 in the previous year[26] - The total cash inflow from financing activities was CNY 350,528,960.50, compared to CNY 210,365,150.00 in the same period last year[26] Inventory and Receivables - Inventory increased significantly to ¥7.82 billion from ¥4.26 billion, reflecting a growth of approximately 83.5%[19] - The accounts receivable increased to ¥1.34 billion from ¥1.16 billion, indicating a growth of about 14.7%[18] Other Financial Metrics - The basic earnings per share for Q3 2024 was 1.5176 RMB, reflecting the growth in net profit attributable to shareholders[11] - The diluted earnings per share for Q3 2024 was 1.4971 RMB, showing an increase due to the rise in net profit[11] - Basic earnings per share for Q3 2024 were ¥1.48, down from ¥1.88 in Q3 2023[24] - The company recognized a product quality assurance loss of CNY 173,032,100.00 for the first three quarters of 2024, compared to CNY 96,072,000.00 for the same period in 2023[27]