GRIPM(SH:688456)2024-10-30 08:21Financial Performance - The company's operating revenue for Q3 2024 was ¥845,049,327.43, representing a year-on-year increase of 14.45%[2] - The net profit attributable to shareholders for Q3 2024 was ¥10,972,846.26, reflecting a significant increase of 29.88% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,882,202.79, showing a slight decrease of 0.04% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥2,358,396,641.65, an increase of 17.5% compared to ¥2,006,702,479.58 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was ¥41,656,962.28, representing a 5.2% increase from ¥39,589,995.42 in 2023[17] - The company reported a total profit of ¥44,894,949.20 for the first three quarters of 2024, compared to ¥43,646,574.40 in the same period of 2023, an increase of 2.9%[17] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥1,752,301,771.82, which is an increase of 10.84% from the end of the previous year[3] - The total assets of the company as of Q3 2024 amounted to ¥1,752,301,771.82, up from ¥1,580,944,413.19 in Q3 2023, reflecting a growth of 10.8%[16] - Total liabilities increased to ¥542,442,287.32 in Q3 2024, up from ¥403,167,396.81 in Q3 2023, reflecting a growth of 34.6%[16] - The total liabilities increased to CNY 1,230,525,043.44, compared to the previous period, indicating a significant rise in financial obligations[13] - The total liabilities decreased to CNY 66,408,990.42 from CNY 170,964,924.80 year-on-year, indicating a significant reduction in financial obligations[24] Cash Flow - The company's cash flow from operating activities for Q3 2024 was negative at -¥59,823,252.57, a decline of 575.43% year-on-year, attributed to increased capital occupation[3][7] - The cash inflow from operating activities for the first three quarters of 2024 was CNY 1,925,641,695.09, an increase of 14.3% compared to CNY 1,684,679,133.71 in the same period of 2023[19] - The net cash flow from operating activities was negative CNY 160,385,001.08, worsening from negative CNY 46,766,330.01 in the previous year[19] - The cash inflow from financing activities was CNY 190,149,696.19, compared to CNY 148,279,040.19 in the previous year, reflecting a growth of 28.3%[21] - The net cash flow from financing activities was CNY 39,558,211.65, a decrease from CNY 45,690,730.29 in the same period of 2023[21] Research and Development - Research and development expenses totaled ¥28,120,156.94 for Q3 2024, a decrease of 15.73% compared to the same period last year, accounting for 3.33% of operating revenue[3] - Research and development expenses for the first three quarters of 2024 were ¥87,574,742.77, up from ¥78,292,611.59 in 2023, indicating a 11.6% increase[16] - Research and development expenses decreased significantly to CNY 1,756,219.40 from CNY 6,479,792.74, indicating a potential shift in investment strategy[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,570, with the largest shareholder holding 36.31% of the shares[8] - Total equity attributable to shareholders reached ¥1,194,865,004.62, an increase from ¥1,164,078,371.62 in the previous year, marking a growth of 2.7%[16] - The total equity increased to CNY 939,944,036.93 from CNY 937,539,806.99, reflecting a stable financial position[24] Government Support - The company received government subsidies amounting to ¥6,599,770.45 during the quarter, contributing to its financial performance[4] Market Strategy - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[11]