AA Belt(SH:603580)2024-10-30 08:13Revenue and Profit - Revenue for Q3 2024 was CNY 42,021,992.18, a decrease of 8.80% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 2,501,469.80, an increase of 54.37% year-over-year[2]. - Basic earnings per share for Q3 2024 was CNY 0.0192, reflecting a growth of 54.84% compared to the previous year[2]. - The net profit for Q3 2024 reached CNY 4,671,048.88, an increase of 49.5% compared to CNY 3,123,560.82 in Q3 2023[16]. - The total profit for Q3 2024 was CNY 4,652,639.59, up 46.5% from CNY 3,177,164.92 in the same period last year[16]. - The operating profit for Q3 2024 was CNY 4,787,461.36, representing a 49.4% increase from CNY 3,202,090.73 in Q3 2023[16]. - The basic earnings per share for Q3 2024 were CNY 0.0447, compared to CNY 0.0289 in Q3 2023, marking a 55.6% increase[17]. - The net profit for the third quarter of 2024 reached CNY 7,217,043.09, an increase of 28% compared to CNY 5,639,245.04 in the same period of 2023[25]. - Operating profit for the third quarter was CNY 8,275,649.66, up from CNY 6,235,225.34, reflecting a growth of approximately 33% year-over-year[25]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 527,763,188.86, a slight decrease of 0.12% from the end of the previous year[3]. - The total assets of the company decreased slightly to ¥527,763,188.86 from ¥528,372,737.29, a decline of 0.1%[14]. - Total liabilities increased to ¥78,205,378.48 from ¥72,650,204.88, reflecting an increase of 7.1%[13]. - The total liabilities as of September 30, 2024, were ¥42,536,936.67, up from ¥30,083,129.83, indicating a significant increase of 41.4%[22]. - The total equity attributable to shareholders at the end of Q3 2024 was CNY 433,928,377.20, a decrease of 1.14% from the previous year[3]. - The equity attributable to shareholders decreased to ¥433,928,377.20 from ¥438,924,715.44, a decline of 1.1%[14]. Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 15,509,092.87, down 32.04% compared to the previous year[7]. - Cash flow from operating activities for the first nine months of 2024 was CNY 138,502,951.04, down 4.5% from CNY 145,526,745.55 in the same period of 2023[18]. - The net cash flow from operating activities in Q3 2024 was CNY 15,509,092.87, a decrease of 32.1% compared to CNY 22,819,783.58 in Q3 2023[19]. - The net increase in cash and cash equivalents for Q3 2024 was CNY 2,122,585.53, contrasting with a decrease of CNY 17,981,678.08 in Q3 2023[20]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 4,256,023.97, down from CNY 9,968,624.08 a year earlier[26]. - The company incurred a total cash outflow from operating activities of CNY 62,002,818.37, down from CNY 82,682,571.42 in the previous year[26]. Operating Costs and Expenses - Total operating revenue for the first three quarters of 2024 reached ¥128,922,533.24, an increase of 9.6% compared to ¥117,429,425.27 in the same period of 2023[15]. - Total operating costs for the first three quarters of 2024 were ¥125,802,416.81, up from ¥115,548,234.92 in 2023, reflecting a rise of 8.9%[15]. - The operating cost for the first three quarters of 2024 was ¥48,042,530.89, up from ¥47,632,817.43 in 2023, indicating a rise of 0.9%[24]. - Research and development expenses for the first three quarters of 2024 were ¥7,591,375.12, down from ¥8,042,343.37 in 2023, a decrease of 5.6%[15]. - Research and development expenses for the first three quarters of 2024 amounted to ¥2,883,003.54, a decrease of 11.4% from ¥3,252,906.65 in 2023[24]. Shareholder Information - The company had a total of 24,062 ordinary shareholders at the end of the reporting period[8]. - The company reported a credit impairment loss of CNY 527,219.80 in Q3 2024, compared to CNY 228,632.65 in Q3 2023[16]. Investment Performance - The company reported a net investment loss of ¥1,259,228.81 for the period, indicating challenges in investment performance[15]. Other Information - The company did not report any new product launches or significant technological advancements during this quarter[27]. - The company is not applying new accounting standards for the current financial year[27].