Financial Performance - Operating revenue for the first nine months of 2024 was ¥381,685,996.80, representing a year-on-year growth of 29.18%[4] - Net profit attributable to shareholders for the first nine months of 2024 was ¥14,341,347.81, a 5.36% increase from the same period last year[4] - In Q3 2024, operating revenue was ¥116,069,556.86, a decrease of 3.11% compared to Q3 2023[5] - Net profit attributable to shareholders in Q3 2024 was ¥6,248,168.91, up 38.25% year-on-year[5] - Total operating revenue for the first nine months of 2024 reached ¥381,685,996.80, an increase from ¥295,470,692.23 in the same period of 2023, representing a growth of approximately 29.1%[28] - The net profit for Q3 2024 was CNY 14,147,427.28, compared to CNY 13,611,856.85 in Q3 2023, reflecting an increase of about 3.9%[30] - The total profit for Q3 2024 was CNY 15,776,330.07, compared to CNY 13,481,403.24 in Q3 2023, marking an increase of around 17.0%[31] - The company's operating profit for Q3 2024 was CNY 16,134,641.99, up from CNY 13,468,528.33 in Q3 2023, which is an increase of approximately 19.7%[31] Assets and Liabilities - Total assets as of September 30, 2024, reached ¥586,205,418.06, an increase of 18.13% compared to the end of the previous year[4] - The company's debt-to-asset ratio (consolidated) increased to 29.07% from 18.93% year-on-year[4] - Total liabilities increased to 170,427,771.51 CNY from 93,929,501.42 CNY, reflecting a rise of approximately 81.5%[24] - The company's equity attributable to shareholders rose to 411,708,204.74 CNY from 402,300,356.97 CNY, an increase of approximately 2.9%[24] - The company's cash and cash equivalents decreased to 59,014,001.64 CNY from 60,907,106.44 CNY, a decline of about 3.1%[22] - Accounts receivable increased significantly to 227,503,073.72 CNY from 120,749,879.31 CNY, marking an increase of approximately 88.5%[22] - Total cash and cash equivalents at the end of September 2024 were 57,964,512.98 CNY, down from 71,291,521.92 CNY at the end of September 2023[34] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was -¥31,648,035.47, a decline of 287.72% compared to the previous year[4] - Cash inflow from operating activities totaled 316,622,686.25 CNY in 2024, up from 296,446,667.92 CNY in 2023, reflecting a growth of approximately 6.4%[34] - Cash outflow from operating activities increased to 348,270,721.72 CNY in 2024, compared to 279,587,444.22 CNY in 2023, representing a rise of about 24.6%[34] - The net cash flow from financing activities improved to 48,562,724.94 CNY in 2024, compared to -6,427,043.62 CNY in the previous year, indicating a positive turnaround[34] Revenue Breakdown - Revenue from consumer electronics connector cable assemblies was ¥153.94 million, up 14.07% from ¥134.95 million year-on-year[10] - Revenue from automotive and new energy connector cable assemblies surged by 68.62%, reaching ¥195.58 million compared to ¥115.99 million in the previous year[10] - Trade and other revenue decreased by 35.65% to ¥14.83 million from ¥23.04 million year-on-year[10] - OEM revenue fell by 18.72% to ¥16.44 million from ¥20.23 million in the same period last year[10] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 106,100,000, with 5,385 shareholders[11] - The largest shareholders include Zhao Qingfu and Li Liangwei, each holding 33.69% of the shares[12] - The company has a total of 1,500,000 pledged shares held by a state-owned investment management company[14] Employee and Incentive Plans - The company has implemented an employee stock ownership plan and other incentive measures during the reporting period[17] - The company plans to use 844,373 shares repurchased for the restricted stock incentive plan, with a grant price of 4.22 CNY per share for 43 incentive targets[18] Research and Development - Research and development expenses for the first nine months of 2024 were CNY 11,466,377.44, a decrease from CNY 13,698,021.82 in the same period of 2023, representing a reduction of about 17.9%[31]
智新电子(837212) - 2024 Q3 - 季度财报