IECHO(SH:688092)2024-10-30 07:54Financial Performance - In the first three quarters of 2024, the company achieved a main business revenue of 323.54 million RMB, an increase of 25.53% year-on-year[2] - The net profit attributable to shareholders of the listed company was 50.05 million RMB, a decrease of 4.12% year-on-year, while the net profit after deducting non-recurring gains and losses was 48.74 million RMB, down 1.75% year-on-year[2] - The company reported a net profit of 7.96 million RMB for the third quarter, a decrease of 63.07% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 63.07%, primarily due to increased investment in brand strategy and global marketing network[9] - The net profit for Q3 2024 was CNY 50,051,891.88, a decrease of 4.37% compared to CNY 52,204,400.16 in Q3 2023[21] - The total operating profit for Q3 2024 was CNY 54,837,615.26, down from CNY 57,816,203.80 in the same period last year, reflecting a decline of 5.1%[21] - The company reported a decrease of 62.77% in net profit after deducting non-recurring gains and losses, indicating challenges in profitability during the period[9] Research and Development - The company's R&D investment totaled 22.89 million RMB in the first three quarters, representing a year-on-year increase of 22.84%[4] - R&D investment increased by 77.69% during the reporting period, reflecting a focus on accelerating technology innovation and product upgrades[9] - The company’s R&D expenditure accounted for 8.17% of its operating revenue in the third quarter, an increase of 2.71 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2024 amounted to ¥22,889,762.95, compared to ¥18,633,693.00 in 2023, reflecting a rise of approximately 22.1%[20] Assets and Liabilities - The total assets at the end of the reporting period were 770.91 million RMB, an increase of 7.72% compared to the end of the previous year[4] - Total liabilities increased to ¥166,997,967.11 in Q3 2024 from ¥118,256,103.07 in Q3 2023, representing a growth of approximately 41.1%[18] - The company's equity attributable to shareholders reached ¥603,910,460.47, up from ¥597,424,314.09 in the previous year, showing a slight increase of about 1.8%[19] Cash Flow - The cash flow from operating activities for the year-to-date was 29.33 million RMB, reflecting a decrease of 10.33% year-on-year[4] - Cash flow from operating activities for the first three quarters of 2024 was CNY 29,333,558.72, compared to CNY 32,712,827.61 in the previous year, indicating a decrease of 11.5%[24] - The company reported cash inflow from operating activities totaling CNY 345,354,263.41 in Q3 2024, an increase of 16.5% from CNY 296,442,895.67 in Q3 2023[24] - The cash flow from investment activities showed a net inflow of CNY 30,511,149.45 in Q3 2024, compared to a net outflow of CNY 11,637,867.99 in Q3 2023[24] Market and Strategic Initiatives - The company completed the business handover of ARISTO Germany in August 2024, obtaining 100% control, marking a significant step in its globalization process[2] - The company aims to enhance its global marketing network and optimize its sales channels as part of its strategic initiatives[9] - The company completed the acquisition of 100% equity in ARISTO Cutting Solutions GmbH for approximately €3.7 million, which will be consolidated into the company's financial statements[14][15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,179, with the largest shareholder holding 37.34%[11] - Basic earnings per share decreased by 62.96% due to foreign exchange losses and increased acquisition costs[9] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.61, compared to CNY 0.64 in Q3 2023, a decline of 4.69%[22] Inventory and Receivables - Accounts receivable increased to approximately ¥105.83 million, up from ¥81.12 million in the previous period[16] - The company’s inventory increased to ¥130,016,876.24 in Q3 2024 from ¥110,577,774.00 in Q3 2023, representing a growth of approximately 17.5%[17]