Financial Performance - The company's operating revenue for Q3 2024 was ¥229,816,782.54, representing a 37.76% increase compared to the same period last year[2] - The net profit attributable to shareholders was -¥13,565,452.14, a decrease of 69.15% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,981,523.82, reflecting a significant decline of 1,954.97%[2] - The basic earnings per share for the period was -¥0.12, a decrease of 71.43% compared to the same period last year[2] - The net profit for Q3 2024 was CNY 31,496,376.24, an increase from CNY 28,995,023.82 in Q3 2023, representing a growth of approximately 5.2%[13] - The total comprehensive income for the period was CNY 30,869,274.31, compared to CNY 27,736,893.69 in the same period last year, marking an increase of about 7.7%[14] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,525,852,815.10, an increase of 12.78% from the end of the previous year[2] - Total liabilities increased to ¥412,175,772.57 from ¥262,428,350.04, reflecting a significant rise of 57.1%[12] - Non-current assets reached ¥585,085,634.17, compared to ¥501,051,337.61, showing an increase of 16.74%[11] - The company's total assets grew to ¥1,525,852,815.10 from ¥1,352,936,118.26, a rise of 12.8%[12] Cash Flow - The company's cash flow from operating activities showed a net amount of ¥90,397,046.69, down 56.65% year-to-date[2] - The net cash flow from operating activities decreased by 56.65% to ¥90,397,046.69 compared to the previous period, primarily due to an increase in payments for purchased goods[7] - The net cash flow from investing activities was -¥195,251,644.21, a decrease of 146.66%, mainly attributed to the purchase of financial products[7] - The net cash flow from financing activities dropped by 882.55% to -¥14,645,469.49, primarily due to a reduction in borrowings[7] - The net increase in cash and cash equivalents was -¥120,382,218.61, a significant decline of 193.10% compared to the previous period, driven by increased payments for purchased goods and financial product acquisitions[7] - The ending cash and cash equivalents balance decreased to ¥234,429,871.18 from ¥536,432,880.45, a decline of 56.4% year-over-year[16] Inventory and Receivables - The company's inventory increased by 31.27% to ¥375,744,194.14, attributed to increased stockpiling[6] - The accounts receivable rose by 31.38% to ¥131,496,625.46, driven by higher sales[6] - Accounts receivable increased to ¥131,496,625.46 from ¥100,089,498.01, representing a growth of 31.3%[11] - Inventory rose to ¥375,744,194.14, compared to ¥286,234,228.88, marking a 31.2% increase[11] Expenses - Management expenses increased by 32.17% to ¥83,176,419.79, primarily due to higher consulting fees[6] - Research and development expenses decreased to CNY 34,031,157.16 from CNY 38,789,821.24, reflecting a reduction of about 12.5%[13] - The company reported a financial expense of CNY -4,395,466.46, an improvement from CNY -19,959,275.09 in the previous year[13] - The tax expenses for the quarter were CNY -5,644,666.61, significantly higher than CNY -864,910.37 in Q3 2023[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,658[8] - The largest shareholder, Linhai Zhengte Investment Co., Ltd., holds 53.24% of the shares, totaling 58,565,250 shares[8] Other Financial Metrics - The fair value change income was ¥203,259.60, a significant increase of 101.75%, mainly due to fluctuations in forward foreign exchange settlements[7] - Credit impairment losses surged by 322.24% to ¥3,760,334.79, primarily due to fluctuations in bad debt provisions for accounts receivable[7] - The company experienced a net cash inflow from operating activities of CNY 75,138,766.09, compared to CNY 53,635,155.77 in the previous year, reflecting an increase of about 40%[15] - Total cash inflow from operating activities was ¥1,150,763,706.38, while cash outflow was ¥1,060,366,659.69, resulting in a net cash inflow of ¥90,397,046.69[16] Audit Status - The company has not undergone an audit for the Q3 report[17]
浙江正特(001238) - 2024 Q3 - 季度财报