Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was CNY 7,893,415.72, a decrease of 57.18% from CNY 18,432,722.49 in the same period of 2023[4] - Operating revenue for the first nine months of 2024 was CNY 130,553,748.85, reflecting a growth of 5.17% compared to CNY 124,137,628.06 in the previous year[4] - The net profit for the third quarter of 2024 was CNY 2,890,984.66, a decline of 48.02% compared to CNY 5,562,024.10 in the same quarter of 2023[4] - The company’s weighted average return on equity based on net profit attributable to shareholders was 2.53%, down from 5.97% in the previous year[4] - Total operating revenue for the first nine months of 2024 reached ¥130,553,748.85, an increase from ¥124,137,628.06 in the same period of 2023, representing a growth of approximately 3.4%[23] - Net profit for the first nine months of 2024 was ¥7,443,483.15, down from ¥18,380,620.43 in the same period of 2023, indicating a decline of approximately 59.5%[24] - Basic earnings per share for the first nine months of 2024 were ¥0.10, compared to ¥0.24 in the same period of 2023, reflecting a decrease of approximately 58.33%[25] - Total comprehensive income attributable to the parent company for the first nine months of 2024 was ¥7,893,415.72, compared to ¥18,432,722.49 in the same period of 2023, a decline of approximately 57.3%[25] - The total comprehensive income for the first nine months of 2024 was ¥9,933,381.78, down from ¥19,381,865.93 in the same period of 2023, indicating a decrease of about 48.7%[27] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was CNY 11,036,980.23, down 61.48% from CNY 28,651,124.60 in the same period last year[4] - Cash flow from operating activities for the first nine months of 2024 was ¥124,184,442.29, down from ¥144,104,317.07 in the same period of 2023, indicating a decrease of about 13.8%[28] - Operating cash inflow totaled $124,518,515.02, down 17.2% from $150,286,917.59 in the same period last year[31] - Net cash flow from operating activities was $9,190,986.85, a decrease of 67.2% compared to $28,032,531.24 in the previous year[31] - The ending cash and cash equivalents balance was $121,607,527.44, down from $145,989,485.48 in the same period last year[32] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 375,991,907.88, an increase of 3.80% compared to CNY 362,215,555.63 at the end of 2023[4] - The company's debt-to-asset ratio (consolidated) increased to 17.35% from 14.39% year-over-year[4] - Total liabilities increased to ¥65,224,075.68 from ¥52,121,792.33, marking a rise of approximately 25.09%[21] - The company's equity attributable to shareholders was ¥310,851,171.28, slightly up from ¥310,227,169.81, showing a marginal increase of about 0.20%[21] - Total liabilities increased to ¥54,932,360.74 from ¥44,189,752.22, reflecting a growth of about 24.5%[23] Receivables and Inventory - Accounts receivable increased to ¥59,854,749.35 from ¥55,579,267.59, reflecting a growth of approximately 4.08%[19] - Inventory rose to ¥54,980,121.00 from ¥47,343,366.87, indicating an increase of about 16.00%[20] - Other receivables surged to ¥18,948,147.85 from ¥3,740,164.51, a significant increase of approximately 406.06%[19] Expenses - Sales expenses increased by 56.38% to CNY 3,172,136.76, attributed to higher domestic and international exhibition and travel costs[7] - Total operating costs increased to ¥122,009,861.66 from ¥107,687,976.31, reflecting a rise of about 13.3%[24] - Research and development expenses increased to ¥6,484,692.99 from ¥5,528,440.61, marking a rise of about 17.4%[24] Shareholder Information - The largest shareholder, Chen Yuezhong, holds 34,202,000 shares, accounting for 41.84% of the total shares[11] - The company reported a total of 6,063 common shareholders at the end of the period[10] - The total number of unrestricted shares increased from 50,484,240 to 50,484,240, representing 61.76% of the total share capital[10] - The total share capital decreased from 82,714,690 to 81,745,390 shares, with a reduction of 969,300 shares during the period[10] Other Information - The company has no significant litigation or arbitration matters during the reporting period[15] - There were no new pledges or judicial freezes on shares held by major shareholders[13] - The company reported a government subsidy of 505,946.35 yuan recognized in the current period[9] - The company engaged in related party transactions, with a total of 1,493,121.54 yuan for purchasing raw materials and services during the period[15] - The company has fulfilled its commitment to issue shares to unspecified qualified investors as disclosed in the prospectus[14] - The company is actively pursuing new strategies and market expansions, although specific details were not disclosed in the provided content[17]
七丰精工(873169) - 2024 Q3 - 季度财报