祥和实业(603500) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥140,959,412.28, a decrease of 15.54% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥5,938,885.23, down 71.76% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.02, reflecting a decline of 77.78% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥498,497,287.45, an increase of 11.2% compared to ¥448,258,656.73 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was ¥37,315,288.34, a decrease of 39.4% from ¥61,615,623.59 in the same period of 2023[14] - Total profit for the first three quarters of 2024 was ¥46,430,365.40, down 35.4% from ¥71,806,483.70 in the previous year[14] Assets and Liabilities - Total assets increased by 4.23% to ¥1,274,882,981.76 compared to the end of the previous year[3] - Total assets increased to CNY 1,274,882,981.76, up from CNY 1,223,093,499.62, representing a growth of approximately 4.3%[10] - Current assets totaled CNY 822,451,263.78, a decrease from CNY 850,553,104.14, reflecting a decline of about 3.6%[11] - Non-current assets rose to CNY 452,431,717.98, compared to CNY 372,540,395.48, indicating an increase of approximately 21.4%[11] - Total liabilities rose to CNY 253,555,600.19, compared to CNY 226,952,280.45, reflecting an increase of about 11.7%[12] - The total liabilities of the company as of the end of the third quarter of 2024 were ¥88,753,946.63, an increase from ¥75,245,223.67 at the end of the same period in 2023[20] Cash Flow - The cash flow from operating activities for the year-to-date was ¥37,789,782.30, a decrease of 27.85% year-on-year[2] - The net cash flow from operating activities was -15,918,384.57 RMB, compared to -4,807,639.77 RMB in the previous year, indicating a decline in operational cash generation[15] - The cash flow from operating activities showed a net outflow of ¥14,320,844.01 in the third quarter of 2024, an improvement from a net outflow of ¥24,768,456.83 in the same quarter of 2023[23] - The company's operating cash inflow totaled 451,384,025.75 RMB, an increase from 427,270,517.86 RMB in the previous year[15] Research and Development - The decline in net profit was primarily due to increased R&D expenses for the "railway track detection vehicle project" and increased bad debt provisions[6] - Research and development expenses rose to ¥33,887,091.73, representing a 39.4% increase from ¥24,327,448.01 in the previous year[13] - Research and development expenses increased to ¥14,404,319.96 in the first three quarters of 2024, compared to ¥13,221,119.13 in the same period of 2023, reflecting a growth of 8.9%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,929[7] - The top shareholder, Tang Youqian, holds 89,919,652 shares of common stock[8] Other Financial Metrics - The weighted average return on equity decreased by 1.66 percentage points to 0.62% for the current period[3] - The company reported non-recurring gains of ¥307,769.14 in Q3 2024, with a total of ¥1,517,933.00 year-to-date[4] - The company reported a financial income of ¥7,742,229.56, significantly higher than ¥3,529,014.81 in the same period of 2023[13] - The company recorded a financial expense of -¥6,987,014.22 in the first three quarters of 2024, compared to -¥2,924,455.83 in the same period of 2023, indicating a significant increase in financial costs[21] - The company reported a significant increase in cash received from investment recoveries, totaling 96,800,000.00 RMB compared to 15,000,000.00 RMB in the previous year[15]