KHtech(SH:603052)2024-10-30 09:41Revenue and Profit - Revenue for Q3 2024 decreased by 1.82% year-on-year to CNY 555,160,670.72, while year-to-date revenue increased by 5.46% compared to the same period last year[2]. - Net profit attributable to shareholders decreased by 37.36% year-on-year to CNY 57,191,895.86, with a year-to-date decrease of 24.30%[2]. - Basic earnings per share (EPS) decreased by 36.00% to CNY 0.16, while diluted EPS also decreased by 36.00%[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 555,160,670.72, an increase of 5.0% compared to CNY 526,423,816.35 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 53,803,303.16, a decrease of 28.1% from CNY 74,853,532.96 in the same period of 2023[18]. - The company reported a total comprehensive income of CNY 53,803,303.16 for the first three quarters of 2024, compared to CNY 74,853,532.96 in the same period of 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,560,282,752.60, a decrease of 1.43% from the end of the previous year[3]. - Total current assets amount to RMB 1,131,357,099.86, a decrease from RMB 1,374,286,657.36[15]. - Non-current assets total RMB 428,925,652.74, up from RMB 208,708,574.46[15]. - Total liabilities as of the end of the third quarter of 2024 amounted to CNY 456,859,268.23, compared to CNY 434,061,310.37 at the end of the same period in 2023, representing an increase of 5.2%[18]. - Total equity attributable to shareholders of the parent company was CNY 1,106,082,328.15, a decrease of 3.7% from CNY 1,148,204,172.53 in the previous year[18]. Cash Flow - The company reported a cash flow from operating activities of CNY 158,688,588.56, an increase of 17.80% year-to-date[2]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 733,143,198.81, an increase from CNY 619,308,018.73 in the same period of 2023, representing a growth of approximately 18.4%[21]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 158,688,588.56, compared to CNY 134,706,627.00 in 2023, indicating an increase of about 17.7%[23]. - The total cash inflow from investment activities in the first three quarters of 2024 was CNY 1,318,680,770.54, up from CNY 1,100,044,773.59 in 2023, reflecting a growth of approximately 19.9%[23]. - The net cash flow from investment activities for the first three quarters of 2024 was CNY 328,033,241.99, significantly higher than CNY 18,854,802.77 in 2023[23]. - The cash outflow from financing activities in the first three quarters of 2024 was CNY 102,472,714.43, compared to CNY 37,931,670.07 in 2023, showing an increase of approximately 169.5%[23]. - The company’s cash flow from financing activities showed a net outflow of CNY 102,472,714.43 in the first three quarters of 2024, compared to a net outflow of CNY 37,931,670.07 in 2023, indicating a worsening financing position[23]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,548[8]. - The top two shareholders, Zhu Chunhua and Shi Huiqing, hold 36.34% and 33.28% of shares respectively, totaling 93,884,000 shares[10]. - The company repurchased 1,717,096 shares, accounting for 1.27% of the total share capital as of September 30, 2024[10]. Research and Development - The decrease in net profit was attributed to increased R&D expenses for new projects, including the composite current collector project and laser sensor and optical module project[7]. - Research and development expenses increased to CNY 34,507,138.57 in the first three quarters of 2024, compared to CNY 22,642,422.13 in 2023, reflecting a growth of 52.3%[17]. Financial Performance - The weighted average return on equity (ROE) was 1.94%, down by 1.11 percentage points compared to the previous year[3]. - The company’s financial expenses showed a significant improvement, with a net financial income of CNY -4,009,919.12 in 2024 compared to CNY -9,672,015.41 in 2023[17]. - Deferred income tax liabilities decreased to CNY 505,436.97 from CNY 577,704.29 in the previous year, indicating a reduction of 12.5%[18]. Government Support - Government subsidies received during the reporting period decreased compared to the previous year[7]. - The company recorded non-recurring gains of CNY 1,337,345.82 for the period, with significant contributions from government grants and investment income from structured deposits[4].