大连电瓷(002606) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 reached ¥469,849,851.93, an increase of 165.07% year-over-year, and cumulative revenue for the year-to-date is ¥1,038,763,138.91, up 89.70% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥76,505,820.74, a staggering increase of 3,295.89% year-over-year, with year-to-date net profit at ¥155,543,509.37, up 302.08%[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 430.68% year-over-year, amounting to ¥73,303,151.51 for Q3 2024[5]. - Basic earnings per share for Q3 2024 were ¥0.1756, reflecting a year-over-year increase of 3,412.00%, while diluted earnings per share also increased by 3,343.14% to ¥0.1756[2]. - Total operating revenue for Q3 2024 reached CNY 1,038,763,138.91, a significant increase from CNY 547,589,802.34 in the same period last year, representing an increase of approximately 89.4%[14]. - The net profit for Q3 2024 was CNY 155,324,528.09, compared to CNY 37,576,629.00 in Q3 2023, representing a significant increase[15]. - The total comprehensive income for Q3 2024 was CNY 153,451,837.46, compared to CNY 52,810,258.66 in Q3 2023, showing a significant increase[15]. - The company’s total profit for Q3 2024 was CNY 175,634,489.88, compared to CNY 38,118,642.33 in Q3 2023, indicating a strong performance[15]. Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥2,844,824,948.92, representing a 22.84% increase from the end of the previous year[2]. - The total assets of the company reached CNY 2,844,824,948.92, up from CNY 2,315,915,765.50, representing a growth of about 22.7%[13]. - The total liabilities increased to CNY 1,157,908,588.03 from CNY 751,555,675.71, indicating a rise of approximately 54%[12]. - The equity attributable to shareholders of the parent company rose to CNY 1,683,984,972.72 from CNY 1,561,209,720.34, an increase of about 7.9%[13]. Cash Flow and Operating Activities - The cash flow from operating activities showed a net outflow of ¥254,855,586.86, a decrease of 290.24% year-over-year, primarily due to increased cash payments for goods and services[5]. - The cash flow from operating activities showed a net outflow of CNY -254,855,586.86, contrasting with a net inflow of CNY 133,961,890.37 in the same period last year[16]. - The company incurred total operating expenses of CNY 1,058,188,084.24, which is higher than CNY 604,472,642.07 in the previous year[16]. - The investment activities resulted in a net cash outflow of CNY -155,101,507.40, compared to a net outflow of CNY -22,964,352.67 in the same period last year[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,997, with the largest shareholder, Hangzhou Ruiqi Information Technology Partnership, holding 19.38% of shares[7]. - The company has repurchased a total of 4,279,400 shares, accounting for 0.97% of the total share capital, with a total expenditure of approximately RMB 30 million[10]. - The maximum repurchase price was RMB 7.89 per share, while the minimum was RMB 5.72 per share[10]. - The company plans to use its own funds to repurchase shares for employee stock ownership plans or equity incentives, with a total repurchase amount not less than RMB 30 million and not exceeding RMB 50 million[9]. - The actual controller of the company is Yng Jian, who is also the executive partner of the largest shareholder, indicating a unified action among major shareholders[8]. - The company has a total of 3,291,000 shares held by the China National Petroleum Corporation's enterprise annuity plan, representing 0.75% of the total shares[7]. - Liu Guixue, a significant shareholder, holds 7.43% of the shares, totaling 32,623,754 shares[7]. - The company has not identified any other shareholders with related party relationships or as acting in concert, apart from the mentioned major shareholders[8]. - The repurchase plan was approved by the board on November 27, 2023, and is set to be completed within 12 months[9]. - The company has a total of 3,000,000 shares held by various insurance products, indicating diversified institutional investment[7]. Operational Efficiency - The significant increase in revenue is attributed to strong export performance and a record high in domestic and international orders, particularly in ultra-high voltage projects[5]. - The company has successfully released capacity at its Jiangxi factory, achieving breakeven in June 2024, which has contributed to a significant reduction in operational costs[5]. - Research and development expenses for the quarter were CNY 57,590,912.63, compared to CNY 41,081,030.63 in the previous year, reflecting an increase of approximately 40.3%[14]. - The company's cash and cash equivalents decreased to CNY 349,911,941.89 from CNY 485,286,515.46, a decline of approximately 28%[12]. - Accounts receivable increased significantly to CNY 735,285,159.13 from CNY 393,359,344.88, reflecting an increase of about 87%[12]. - Inventory levels rose to CNY 510,587,511.30, compared to CNY 357,659,269.29, marking an increase of approximately 42.6%[12].