TQM(SZ:002510)2024-10-30 09:05Revenue and Profit - Revenue for Q3 2024 reached ¥716,821,066.92, an increase of 27.93% year-over-year, while year-to-date revenue was ¥1,918,219,161.94, up 15.60% compared to the same period last year[2]. - Net profit attributable to shareholders was -¥12,544,744.76 for Q3 2024, a decrease of 135.06% year-over-year, with year-to-date net profit at ¥90,397,483.50, reflecting a 3.00% increase[2]. - The total operating revenue for the third quarter of 2024 reached CNY 1,918,219,161.94, an increase of 15.6% compared to CNY 1,659,364,785.68 in the same period last year[16]. - The net profit for Q3 2024 was CNY 81,043,733.72, a decrease from CNY 84,727,110.61 in Q3 2023, reflecting a decline of approximately 3.98%[17]. - The total profit for Q3 2024 was CNY 92,164,515.10, an increase from CNY 82,780,223.85 in Q3 2023, representing a growth of approximately 11.7%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥199,366,938.10, showing a significant increase of 188.20% compared to the previous year[9]. - Cash flow from operating activities for Q3 2024 was CNY 199,366,938.10, significantly higher than CNY 69,175,484.01 in Q3 2023, representing an increase of approximately 187.5%[18]. - Cash flow from investing activities for Q3 2024 was negative at CNY -37,808,704.79, an improvement from CNY -257,260,080.85 in Q3 2023[18]. - Cash flow from financing activities for Q3 2024 showed a net increase of CNY 5,981,647.40, compared to CNY 325,097,856.19 in Q3 2023, indicating a significant decrease in financing activity[19]. Assets and Liabilities - Total assets as of September 30, 2024, were ¥5,984,514,009.33, a decrease of 2.18% from the end of the previous year[2]. - The total assets decreased to CNY 5,984,514,009.33 from CNY 6,117,957,907.53, a decline of 2.2%[15]. - The total liabilities decreased to CNY 3,816,811,625.59 from CNY 3,999,480,903.64, a reduction of 4.6%[15]. - The company's equity attributable to shareholders increased to ¥2,170,305,258.08, up 2.73% from the end of the previous year[2]. - The equity attributable to shareholders of the parent company rose to CNY 2,170,305,258.08 from CNY 2,112,626,128.45, an increase of 2.7%[15]. Expenses - Sales expenses for Q3 2024 amounted to ¥30,019,794.15, an increase of 41.16% year-over-year, primarily due to higher commission costs[7]. - The total operating costs amounted to CNY 1,861,726,301.42, up from CNY 1,660,273,888.45, reflecting a year-over-year increase of 12.1%[16]. - Research and development expenses for the quarter were CNY 85,567,600.58, slightly up from CNY 82,443,501.64, reflecting a focus on innovation[16]. Other Income and Investments - Other income for Q3 2024 was ¥11,542,385.77, reflecting a 65.83% increase compared to the same period last year, attributed to increased government subsidies[7]. - The company reported a significant increase in investment income, reaching CNY 79,094,908.77, compared to CNY 72,648,585.12 in the previous year, marking an increase of 8.5%[16]. - The company reported an asset impairment loss of -¥62,174,358.93 for Q3 2024, an increase of 365.33% year-over-year, due to higher provisions for obsolete inventory[8]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 67,991[11]. - The company has no preferred shareholders or significant changes in major shareholders participating in margin trading[12]. - The company reported no significant changes in the top ten shareholders or their participation in margin trading activities[11]. Cash and Receivables - Cash and cash equivalents increased to approximately ¥892.58 million from ¥823.65 million, a growth of 8.35%[13]. - Accounts receivable decreased to approximately ¥751.20 million from ¥831.63 million, a decline of 9.66%[13]. - Inventory decreased to approximately ¥1.60 billion from ¥1.63 billion, a reduction of 1.93%[13]. - Long-term equity investments increased to approximately ¥833.92 million from ¥769.80 million, an increase of 8.32%[13]. - Fixed assets increased to approximately ¥1.01 billion from ¥978.45 million, a rise of 3.38%[13]. - Non-current assets due within one year decreased to approximately ¥476.84 thousand from ¥10.50 million, a significant drop of 95.44%[13]. - Total current assets decreased to approximately ¥3.59 billion from ¥3.75 billion, a decline of 4.28%[13]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16].