Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 459,707,573.24, a significant increase of 116.80% from CNY 212,039,045.44 in the same period of 2023[4] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 31,987,895.29, up 76.39% from CNY 18,134,299.13 in the previous year[4] - In Q3 2024, operating revenue surged by 185.57% to CNY 217,377,125.48, compared to CNY 76,121,092.10 in Q3 2023[4] - The net profit attributable to shareholders in Q3 2024 was CNY 10,735,530.98, reflecting a 51.52% increase from CNY 7,085,219.55 in Q3 2023[4] - The net profit for the period increased by 155.82%, amounting to ¥44,299,610.96, primarily due to government subsidies and gains from the acquisition of a stake in Vietnam Lisheng[8] - The comprehensive income for the first nine months of 2024 was ¥43,993,925.59, compared to ¥18,949,817.16 in 2023, showing an increase of approximately 132.5%[30] Assets and Liabilities - Total assets increased by 54.83% to CNY 699,961,267.43 as of September 30, 2024, compared to CNY 452,077,548.25 at the end of 2023[4] - Accounts receivable increased by 134.44% to CNY 210,685,704.63, primarily due to higher operating revenue and the consolidation of a new subsidiary in Vietnam[5] - Inventory rose by 115.30% to CNY 64,152,752.08, driven by the consolidation of the Vietnamese subsidiary[5] - Total liabilities rose to ¥234,036,822.73 from ¥127,983,759.66, an increase of approximately 83%[25] - Short-term borrowings increased to ¥123,408,400.72 from ¥44,039,344.44, representing an increase of about 180%[24] Cash Flow - Cash flow from operating activities improved significantly, with a net cash inflow of CNY 4,077,623.96 in Q3 2024, compared to CNY 418,841.32 in Q3 2023, marking an increase of 873.55%[4] - The net cash flow from operating activities improved by 58.54%, reaching -¥1,565,883.43, mainly due to the inclusion of Vietnam Lisheng in the consolidated financial statements[8] - Cash inflow from operating activities for the first nine months of 2024 reached ¥171,793,109.91, up from ¥144,103,696.23 in the same period of 2023, representing an increase of approximately 19.3%[36] - Cash inflow from financing activities totaled ¥60,800,000.00, compared to ¥25,000,000.00 in the previous year, showing a substantial increase in financing efforts[38] Investments and Subsidiaries - The company distributed a total cash dividend of CNY 5,835,000.00 to shareholders, amounting to CNY 1.00 per 10 shares[1] - Minority interests increased by 115,983,446.19 CNY, a significant rise of 626.04%, due to the acquisition of a 26% stake in Vietnam Lisheng, which became a subsidiary[7] - The company received government subsidies of ¥5,944,421.02 during the reporting period, which positively impacted the financial results[9] - The company increased its stake in Vietnam Lisheng to 26%, resulting in a remeasurement gain of ¥1,239,543.49[8] Research and Development - R&D expenses grew by 2,257,711.03 CNY, a rise of 45.02%, due to the commencement of technology development at the subsidiary Changshu Jiahui and increased R&D investment[7] - Research and development expenses for the first nine months of 2024 were ¥7,272,578.61, compared to ¥5,014,867.58 in 2023, indicating a growth of approximately 45.1%[29] Shareholder Information - The total number of shares outstanding remained at 58,700,000, with a significant increase in the proportion of unrestricted shares held by major shareholders[10] - Major shareholders include Dong Hongjiang and Chen Yuchuan, who are also the actual controllers of the company, holding a combined total of 44,354,000 shares, representing 75.5% of the total shares[12] Commitments and Guarantees - The company provided guarantees for its subsidiaries, with a total guarantee amount of ¥38,390,452.13, of which ¥20,764,262.60 is still outstanding[18] - The company has pledged assets totaling ¥181,533,284.93, which accounts for 25.93% of total assets[21] - The company has fulfilled all disclosed commitments without any overdue or violations[21]
佳合科技(872392) - 2024 Q3 - 季度财报