KSW-TECH(SH:688283)2024-10-29 08:56Financial Performance - The company's operating revenue for Q3 2024 was CNY 40,528,657.76, a decrease of 49.23% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was CNY 2,590,141.45, down 91.89% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 911,443.10, a decline of 96.94% compared to the previous year[3]. - The basic earnings per share for Q3 2024 was CNY 0.02, a decrease of 92.31% year-on-year[3]. - Basic earnings per share for the current reporting period was -92.31 CNY, a decrease attributed to a year-on-year decline in net profit attributable to shareholders[9]. - The net profit for Q3 2024 was ¥16,591,067.99, a decrease of 68.9% compared to ¥53,368,252.38 in Q3 2023[19]. - Operating profit for Q3 2024 was ¥12,561,532.12, down from ¥56,558,864.40 in the same period last year, indicating a decline of 77.7%[18]. - The total comprehensive income for Q3 2024 was ¥16,591,067.99, a decrease of 68.9% compared to ¥53,368,252.38 in Q3 2023[19]. Research and Development - The total R&D investment for Q3 2024 was CNY 20,926,945.12, an increase of 46.50% year-on-year, representing 51.63% of operating revenue[4]. - The company plans to continue increasing R&D investment to enhance its competitive edge in the market[4]. - Total R&D investment for the current reporting period was 46.50 million CNY, with R&D expenses accounting for an increase of 33.73 percentage points of operating income[9]. - R&D expenses as a percentage of operating income increased by 16.71 percentage points for the year-to-date period[9]. - R&D expenses for Q3 2024 amounted to ¥50,879,897.54, an increase from ¥42,073,298.92 in Q3 2023, reflecting a growth of approximately 20.5%[18]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 19,807,918.11, compared to a negative cash flow of CNY -6,321,861.56 in the same period last year[3]. - Net cash flow from operating activities increased year-on-year due to higher sales collections and government subsidies[9]. - Cash and cash equivalents as of September 30, 2024, amounted to 591,126,270.09 CNY, an increase from 533,019,655.74 CNY as of December 31, 2023[12]. - Cash flow from operating activities for the first three quarters of 2024 was ¥19,807,918.11, a significant recovery from a negative cash flow of -¥6,321,861.56 in the same period of 2023[21]. - The company reported a net cash outflow from investing activities of -¥130,196,803.79 in the first three quarters of 2024, compared to -¥273,960,566.01 in the same period of 2023, indicating a reduction in cash outflow[21]. - The cash and cash equivalents at the end of Q3 2024 stood at ¥172,357,596.76, down from ¥259,434,121.13 at the end of Q3 2023, a decrease of 33.5%[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 2,138[10]. - The largest shareholder, Zhang Jilin, holds 36,308,429 shares, representing 29.81% of the total shares[10]. - The second-largest shareholder, Wu Jiangnian, holds 24,339,106 shares, representing 19.98% of the total shares[10]. - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[13]. Operating Costs and Revenue Trends - Total operating revenue for the first three quarters of 2024 was CNY 121,327,185.07, a decrease of 27.2% compared to CNY 166,728,141.79 in the same period of 2023[17]. - Total operating costs for the first three quarters of 2024 were CNY 112,604,610.39, slightly down from CNY 113,762,318.78 in 2023[17]. - Operating costs included CNY 42,992,632.19 for the first three quarters of 2024, down 22.4% from CNY 55,433,923.22 in 2023[17]. Asset and Liability Overview - The total assets at the end of the reporting period were CNY 1,091,126,695.84, reflecting a slight increase of 0.53% compared to the end of the previous year[4]. - The company's total assets increased to CNY 1,096,876,398.44 in Q3 2024 from CNY 1,091,126,695.84 in Q3 2023[15]. - Current liabilities rose to CNY 104,701,976.34 in Q3 2024, compared to CNY 99,790,537.62 in Q3 2023, reflecting an increase of 4.5%[15]. - Non-current liabilities increased to CNY 41,458,298.32 in Q3 2024 from CNY 24,479,843.43 in Q3 2023, marking a significant rise of 69.2%[15]. - The total equity attributable to shareholders decreased to CNY 950,716,123.78 in Q3 2024 from CNY 966,856,314.79 in Q3 2023[16]. - Inventory increased to CNY 111,926,246.18 in Q3 2024, up from CNY 86,287,975.38 in Q3 2023, indicating a growth of 29.7%[14]. - The company reported a decrease in accounts receivable to CNY 203,251,468.66 in Q3 2024 from CNY 207,895,542.41 in Q3 2023[14]. - Deferred income tax assets rose to CNY 12,835,141.37 in Q3 2024, compared to CNY 9,138,450.00 in Q3 2023, an increase of 40.5%[14].