宝明科技(002992) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥361,959,650.52, representing a 6.25% increase year-over-year, while the year-to-date revenue reached ¥1,081,107,817.62, up 27.04% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥27,053,721.85, a 28.55% increase in losses year-over-year, with a year-to-date net profit of -¥73,454,336.73, reflecting a 24.62% increase in losses compared to the previous year[2] - The total operating revenue for the current period reached ¥1,081,107,817.62, an increase from ¥851,007,369.84 in the previous period, reflecting a growth of approximately 27%[19] - The total operating costs for the current period were ¥1,165,517,056.83, up from ¥939,119,448.87 in the previous period, indicating an increase of about 24%[19] - The total operating profit for Q3 2024 was -84,130,694.28 CNY, an improvement from -99,769,317.55 CNY in Q3 2023, reflecting a reduction in losses of about 15.7%[20] - The basic earnings per share for Q3 2024 was -0.41 CNY, compared to -0.54 CNY in Q3 2023, indicating a year-over-year improvement[21] - The total comprehensive income attributable to the parent company's shareholders was -73,454,336.73 CNY, compared to -97,443,753.65 CNY in the previous year, showing a significant reduction in losses[21] Cash Flow - The company's cash flow from operating activities showed a net inflow of ¥17,397,944.19, a significant improvement of 118.92% compared to the same period last year[7] - The net cash flow from operating activities was 17,397,944.19, a significant improvement from -91,976,191.92 in the previous year[23] - Cash inflow from operating activities totaled 1,356,037,176.31 CNY, compared to 1,068,084,475.43 CNY in the same period last year, an increase of approximately 27%[22] - The cash flow from financing activities showed a net outflow of -¥18,900,628.89, a decrease of 108.12% year-over-year, primarily due to increased loan repayments[7] - The net cash flow from financing activities was -18,900,628.89, a decline from 232,896,841.66 in the same period last year[23] - Cash inflow from financing activities was 428,649,916.95, down from 510,066,702.59 in the previous year[23] - Cash flow from investing activities showed a net outflow of -100,834,538.94, slightly worse than -98,851,964.15 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,312,698,912.20, down 7.90% from the previous year-end[2] - The company's current assets totaled ¥1,081,818,304.93, a decrease from ¥1,277,515,018.20 at the beginning of the period, representing a decline of approximately 15%[18] - The total liabilities decreased to ¥1,557,666,122.49 from ¥1,685,262,531.89, reflecting a reduction of about 8%[19] - The company's equity attributable to shareholders decreased to ¥736,764,285.30, an 8.15% decline compared to the previous year-end[2] - The company's equity attributable to shareholders decreased to ¥736,764,285.30 from ¥802,144,746.69, a decline of about 8%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,427[8] - Shenzhen Baoming Investment Co., Ltd. holds 30.25% of shares, totaling 55,068,000 shares, with 6,535,973 shares frozen[9] - Li Jun, a natural person, holds 11.76% of shares, totaling 21,415,100 shares[9] - The top ten shareholders include Shenzhen Baoming Investment Co., Ltd., which holds 55,068,000 shares, and other significant shareholders like China Merchants Bank and Shenzhen Huili Investment Co., Ltd.[9] - The company has not disclosed any related party relationships among the top shareholders[9] Research and Development - Research and development expenses increased to ¥75,029,899.07, a rise of 37.60% year-over-year, indicating a focus on new product and technology development[6] - Research and development expenses increased to 75,029,899.07 CNY, compared to 54,527,227.33 CNY in the previous year, marking a rise of approximately 37.5%[20] Project Updates - The company completed the capital reduction and transfer of all equity of its wholly-owned subsidiary, Hefei Baoming, on March 27, 2024[11] - The equity transfer agreement with Hefei Dongcheng Industrial Investment was signed on September 29, 2024, and the registration was completed on October 10, 2024[12] - The company has terminated the "New Display Device Intelligent Manufacturing Base" project in Hefei[14] - The company has also terminated the "Baoming Technology Composite Copper Foil Production Base" project in Ma'anshan[15] - The company signed termination agreements for the investment construction contract of the composite copper foil production base project, indicating a strategic shift in project focus[16] Other Income and Expenses - The company reported a significant increase in other income, amounting to ¥8,315,375.62, which is a 77.58% rise compared to the same period last year, driven by government subsidies[6] - The financial expenses for the quarter were 21,907,669.83 CNY, up from 17,423,770.38 CNY in Q3 2023, representing a rise of about 25.5%[20] - The tax expenses for the quarter were -1,650,863.35 CNY, compared to -2,542,194.01 CNY in Q3 2023, reflecting a reduction of approximately 35%[20] - The company reported a decrease in investment losses to -985,019.14 CNY from -4,972,639.48 CNY in the previous year, indicating improved investment performance[20]