Financial Performance - The company's operating revenue for the third quarter was ¥89,271,794.38, representing a year-on-year increase of 12.89%[2] - The net profit attributable to shareholders decreased by 28.36% year-on-year to ¥14,597,963.95[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,344,421.87, down 34.22% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached ¥247,353,436.35, an increase of 10.8% compared to ¥223,178,577.70 in the same period of 2023[14] - The company's net profit for the first three quarters of 2024 was ¥49,006,863.43, down from ¥66,717,480.20 in the same period of 2023, indicating a decline of 26.6%[15] - The net profit for Q3 2024 is CNY 45,218,298.13, a decrease of 25.5% compared to CNY 60,677,264.26 in Q3 2023[16] - The total comprehensive income for Q3 2024 is CNY 43,854,679.70, down from CNY 59,927,819.78 in the same period last year, reflecting a decline of 26.9%[16] - Basic and diluted earnings per share for Q3 2024 are both CNY 0.24, compared to CNY 0.37 in Q3 2023, representing a decrease of 35.1%[17] Research and Development - Research and development expenses totaled ¥16,882,599.97, an increase of 27.32% year-on-year, accounting for 18.91% of operating revenue[3] - The company plans to continue expanding its R&D team and increasing investment in R&D projects, particularly in chip and sensor technology[6] - Research and development expenses increased significantly to ¥46,536,520.62 in 2024, compared to ¥31,917,926.09 in 2023, marking a rise of 45.8%[15] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[10] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥83,693,635.71 for the year-to-date period[2] - Cash flow from operating activities for the first three quarters of 2024 is negative CNY 83,693,635.71, compared to negative CNY 48,374,903.69 in the same period last year[18] - The total cash and cash equivalents at the end of Q3 2024 is CNY 325,124,697.26, down from CNY 738,868,351.79 at the end of Q3 2023[20] - The net cash flow from investment activities for Q3 2024 is negative CNY 169,778,091.22, an improvement from negative CNY 468,394,451.76 in Q3 2023[20] - The net cash flow from financing activities for Q3 2024 is negative CNY 51,995,992.83, compared to a positive CNY 1,124,040,399.53 in Q3 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,954,441,386.12, a slight increase of 0.97% from the end of the previous year[3] - Non-current assets totaled ¥303,411,632.19, an increase from ¥231,121,995.87 in the previous year, representing a growth of 31.2%[13] - Total liabilities amounted to ¥201,720,812.23, compared to ¥165,537,511.22 in 2023, reflecting an increase of 21.8%[13] - The company's short-term borrowings rose to ¥20,022,487.68, compared to ¥10,017,718.66 in 2023, marking a significant increase of 99.9%[12] Shareholder Actions - The company has repurchased a total of 479,123 shares, representing 0.2577% of the total share capital, with a total transaction amount of RMB 10,267,022.37[10] - The company has approved a share repurchase plan during the board meeting on August 27, 2024, to enhance shareholder value[10] Other Financial Metrics - The weighted average return on equity decreased by 2.46 percentage points year-on-year to 2.55%[3] - The basic and diluted earnings per share were both ¥0.08, down 27.27% year-on-year[3] - The company reported a decrease in other comprehensive income after tax of CNY -1,363,618.43 in Q3 2024, compared to CNY -749,444.48 in Q3 2023[16] - The total operating cash inflow for the first three quarters of 2024 is CNY 122,541,535.49, slightly lower than CNY 124,172,592.87 in the same period last year[18]
高华科技(688539) - 2024 Q3 - 季度财报