Financial Performance - Operating revenue for the first nine months of 2024 was ¥388,385,177.01, representing a 47.18% increase from ¥263,892,309.74 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was ¥8,502,915.65, a significant turnaround from a loss of ¥6,700,768.86 in the previous year, marking a 226.89% increase[5] - Basic earnings per share for the first nine months of 2024 improved to ¥0.11, compared to a loss of ¥0.09 per share in the same period of 2023, reflecting a 222.22% increase[5] - Revenue for the third quarter of 2024 was ¥127,008,599.64, a 31.60% increase compared to ¥96,508,587.14 in the same quarter of 2023[6] - The net profit attributable to shareholders in Q3 2024 was ¥2,830,936.35, a 221.25% increase from a loss of ¥2,334,878.65 in Q3 2023[6] - Total profit amounted to 7,296,469.78, reflecting an increase of 182.20%, driven by higher sales and effective cost management[8] - The company reported a total profit of 16,332,097.46, compared to 7,204,208.27 in the previous year, marking an increase of around 126.5%[28] - The operating profit for the current period is 16,325,036.41, a substantial increase from 2,402,162.79 in the same period last year, representing a growth of around 579.5%[28] Cash Flow - Cash flow from operating activities for the first nine months of 2024 was ¥11,128,561.29, down 79.60% from ¥54,552,655.10 in the previous year[5] - Cash flow from operating activities decreased to 11,128,561.29, down 79.60%, primarily due to increased employee-related expenses and a significant reduction in government subsidies received[9] - Cash flow from investing activities showed a net outflow of 66,538,928.57, a decline of 207.23%, due to increased capital expenditures and lack of financial product transactions[9] - Cash flow from financing activities increased to 3,718,605.62, up 112.44%, as the company did not distribute dividends this period to support ongoing operations[9] - The net cash flow from operating activities for the first nine months of 2024 was ¥49,330,882.05, an increase from ¥36,598,550.82 in the same period of 2023, reflecting a growth of approximately 35.5%[33] - Total cash inflow from operating activities reached ¥210,056,147.30, compared to ¥130,939,073.19 in the previous year, indicating a year-over-year increase of about 60.5%[32] - Cash outflow from operating activities was ¥160,725,265.25, up from ¥94,340,522.37, representing a rise of approximately 70.3%[33] - The net cash flow from financing activities was ¥3,718,605.62, contrasting with a negative cash flow of -¥29,883,279.23 in the previous year, indicating a recovery in financing activities[31] Assets and Liabilities - Total assets as of September 30, 2024, reached ¥814,368,598.76, an increase of 6.15% compared to ¥767,182,044.80 at the end of 2023[4] - The company's total liabilities to assets ratio (consolidated) increased to 37.01% from 34.25% year-on-year[4] - The company’s total assets as of September 30, 2024, amounted to RMB 814,368,598.76, an increase from RMB 767,182,044.80 as of December 31, 2023[19] - The company’s cash and cash equivalents decreased to RMB 26,617,069.66 from RMB 75,307,279.93 year-over-year[19] - Accounts receivable increased to RMB 92,767,480.38 from RMB 79,620,331.70 year-over-year, indicating a growth of approximately 16.5%[19] - Inventory rose to RMB 130,803,845.76 from RMB 107,021,181.73, reflecting an increase of about 22.2% year-over-year[19] - The company’s current liabilities increased to RMB 247,771,188.30 from RMB 207,044,287.54 year-over-year, showing a growth of approximately 19.7%[20] - The company’s non-current liabilities decreased slightly to RMB 53,660,893.47 from RMB 55,704,155.92 year-over-year[20] Research and Development - Research and development expenses for the first nine months of 2024 were ¥16,854,681.55, compared to ¥13,342,608.72 in the same period of 2023, representing an increase of approximately 26.5%[26] - Research and development expenses increased to 8,316,600.39 from 5,911,327.46, reflecting a rise of approximately 40.7% year-over-year[28] Other Income and Expenses - The company reported a significant increase in other income by 85.91% to ¥9,646,065.74, attributed to tax incentives and government subsidies[7] - Investment income decreased by 915,982.34 with a decline of 157.58% due to no financial product purchases and losses from foreign exchange hedging on imported Japanese equipment[8] - Credit impairment losses increased to 1,080,731.70, representing a rise of 359.73% due to a significant increase in sales revenue leading to higher accounts receivable[8] - The company recorded a significant decrease in credit impairment losses, amounting to -650,800.24 compared to -750,086.12 in the previous year[28] Shareholder Information - The total number of ordinary shares at the end of the period was 76,468,000, with 7,019 shareholders[12] - The basic and diluted earnings per share for the current period are both 0.11, compared to -0.09 in the same period last year[28]
晶赛科技(871981) - 2024 Q3 - 季度财报