MACMIC(SH:688711)2024-10-30 10:56Financial Performance - Revenue for Q3 2024 was CNY 343,068,825.63, a decrease of 7.53% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 1,526,799.63, down 93.37% year-on-year[2] - Net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 129.26% in Q3 2024[7] - Basic earnings per share for Q3 2024 was CNY 0.0072, a decline of 93.39% compared to the previous year[4] - The net profit attributable to shareholders for the year-to-date was CNY 4,040,908.29, down 95.28% year-on-year[2] - The company reported a net loss in investment income of CNY 372,542.55 in 2024 compared to a loss of CNY 1,598,831.30 in 2023, indicating improved performance in investment activities[17] - The net profit for Q3 2024 was -342,546.75 CNY, compared to a net profit of 84,890,445.08 CNY in Q3 2023, indicating a significant decline[18] - The total operating profit for Q3 2024 was -8,703,593.58 CNY, down from 92,524,884.28 CNY in the same period last year[18] - The total comprehensive income for Q3 2024 was -342,546.75 CNY, compared to 84,890,445.08 CNY in Q3 2023[19] Assets and Liabilities - Total assets as of the end of Q3 2024 were CNY 2,572,404,268.13, an increase of 3.35% from the end of the previous year[4] - The company's total assets rose to CNY 2,572,404,268.13 in Q3 2024, compared to CNY 2,488,990,937.42 in Q3 2023, showing growth in asset base[15] - Long-term equity investments decreased to CNY 11,938,401.14 in Q3 2024 from CNY 13,938,401.14 in Q3 2023, suggesting a strategic shift in investment focus[14] - The total liabilities increased to CNY 1,445,753,792.96 in Q3 2024 from CNY 1,346,195,875.64 in Q3 2023, indicating higher leverage[15] - The total equity attributable to shareholders decreased to CNY 1,121,019,551.74 in Q3 2024 from CNY 1,144,780,683.31 in Q3 2023, reflecting changes in retained earnings[15] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was CNY 76,059,434.57[4] - Cash flow from operating activities for the first three quarters of 2024 was 76,059,434.57 CNY, a recovery from a negative cash flow of -129,900,682.69 CNY in the previous year[21] - The company reported a decrease in cash flow from investing activities, with a net cash outflow of -126,208,242.74 CNY in Q3 2024, compared to -215,802,735.00 CNY in Q3 2023[21] - The company's cash and cash equivalents were not explicitly mentioned, but the increase in short-term borrowings to CNY 323,495,359.16 from CNY 272,248,989.95 suggests liquidity management efforts[15] Shareholder Information - The company repurchased a total of 1,598,000 shares, representing 0.7506% of the total share capital, with an average repurchase price of RMB 15.96 per share[11] - The total amount spent on share repurchase reached RMB 25,496,200, which is at the lower limit of the planned repurchase fund of RMB 25 million to RMB 50 million[11] - The company plans to use repurchased shares for employee stock ownership plans or convertible bonds[11] - The highest repurchase price was RMB 25.76 per share, while the lowest was RMB 12.52 per share[12] - The top ten shareholders hold a total of 56.88% of the company's shares, with the largest shareholder holding 17.75%[10] Research and Development - R&D investment for Q3 2024 was CNY 32,073,433.78, representing 9.35% of revenue, an increase of 1.76 percentage points year-on-year[4] - Research and development expenses increased to CNY 85,981,821.43 in 2024 from CNY 78,645,967.81 in 2023, indicating a focus on innovation[17]