Financial Performance - The company's revenue for Q3 2024 was CNY 1,248,707,726.76, representing a decrease of 11.19% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 149,141,930.74, down 8.29% year-on-year[2] - The net profit excluding non-recurring gains and losses was CNY 129,267,785.12, a decline of 17.07% compared to the previous year[2] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.38, down 7.32% from the same period last year[2] - The total operating profit for Q3 2024 was approximately CNY 619.06 million, compared to CNY 609.56 million in Q3 2023, reflecting a slight increase[15] - The net profit attributable to shareholders of the parent company reached CNY 522.32 million, up from CNY 518.35 million year-over-year[15] - The total comprehensive income for the period was CNY 520.70 million, consistent with the previous year's performance[16] - The total revenue from sales of goods and services was approximately CNY 4.68 billion, down from CNY 4.85 billion in the same quarter last year[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 406,007,325.36, reflecting a significant decrease of 68.39%[2] - Cash flow from operating activities generated a net inflow of CNY 406.01 million, a significant decrease from CNY 1.28 billion in the same period last year[17] - Cash flow from investing activities resulted in a net outflow of CNY 1.70 billion, compared to a net inflow of CNY 416.27 million in Q3 2023[18] - Cash flow from financing activities yielded a net inflow of CNY 190.67 million, reversing from a net outflow of CNY 254.84 million in the previous year[18] - The company reported a decrease in cash and cash equivalents by CNY 1.11 billion, contrasting with an increase of CNY 1.45 billion in Q3 2023[18] - The company's cash and cash equivalents decreased to ¥1,511,339,929.04 from ¥2,876,295,203.04, a decline of approximately 47.5%[11] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 7,343,539,180.49, an increase of 2.68% from the end of the previous year[2] - The total liabilities rose to ¥2,993,680,927.99 from ¥2,512,494,093.17, indicating an increase of approximately 19.1%[13] - Shareholders' equity attributable to the parent company decreased by 6.24% to CNY 4,349,858,252.50 compared to the end of the previous year[2] - The company's equity attributable to shareholders decreased to ¥4,349,858,252.50 from ¥4,639,299,889.08, a decline of about 6.2%[13] Borrowings and Financing - The company experienced a 174.70% increase in short-term borrowings, totaling CNY 1,213,930,428.63, primarily due to increased supply chain financing[4] - Short-term borrowings surged to ¥1,213,930,428.63 from ¥441,909,109.84, reflecting an increase of about 174.5%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,478, with the largest shareholder, Dongguan Muteng Investment Co., Ltd., holding 37.50% of shares, equating to 150,000,000 shares[7] - The company plans to repurchase shares using its own funds, with a total repurchase amount not less than RMB 120 million and not exceeding RMB 240 million, which could result in repurchasing approximately 6,153,846 shares, accounting for 1.54% of the total share capital[9] - The company will distribute a cash dividend of RMB 7.5 per 10 shares (including tax) based on the total share capital after the repurchase, with the record date set for September 26, 2024[10] - The actual controllers of the company are Wang Bingkun and Lin Jiyong, who hold a combined 24.53% in Dongguan Muteng Investment Co., Ltd. and 20.50% in Dongguan Mutai Industrial Investment Partnership[8] - The top ten shareholders include Lin Jiyong and Wang Bingkun, each holding 18.26% of shares, totaling 73,050,000 shares[7] - The company has a total of 150,000,000 shares held by Dongguan Muteng Investment Co., Ltd., which is not subject to any pledges or freezes[7] - The company has not disclosed any related party transactions among other shareholders[8] - The company’s board of directors has approved the share repurchase plan, which is set to be executed within 12 months from the date of the shareholders' meeting[9] Research and Development - Research and development expenses for the quarter were ¥151,417,166.18, compared to ¥134,712,818.28 in the previous year, representing an increase of approximately 12.4%[14] Other Financial Metrics - The company recorded a foreign currency translation difference of CNY 2.35 million during the quarter[16] - The company's inventory increased to ¥250,332,387.31 from ¥242,708,397.24, showing a growth of about 3.3%[11] - Total operating costs amounted to ¥3,304,121,982.03, up from ¥3,216,360,108.68, indicating an increase of about 2.7%[14]
慕思股份(001323) - 2024 Q3 - 季度财报