Lontium(688486)2024-10-22 09:38Financial Performance - Revenue for Q3 2024 reached ¥111,790,027.46, an increase of 26.78% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥31,882,351.95, reflecting a 12.00% year-over-year increase[2] - Year-to-date revenue as of Q3 2024 totaled ¥333,590,792.16, marking a 50.20% increase compared to the same period last year[7] - Year-to-date net profit attributable to shareholders reached ¥93,986,760.90, up 33.47% year-over-year[8] - The net profit attributable to shareholders of the parent company for Q3 2024 was ¥93,986,760.90, an increase from ¥70,415,590.76 in Q3 2023, representing a growth of approximately 33.6%[18] - Operating profit for Q3 2024 reached ¥99,653,797.06, compared to ¥70,239,665.78 in Q3 2023, reflecting a growth of approximately 41.9%[20] - The total comprehensive income for Q3 2024 was ¥93,986,756.17, compared to ¥70,415,590.76 in Q3 2023, marking an increase of around 33.6%[18] - The total profit for Q3 2024 was ¥99,052,048.79, compared to ¥73,035,654.92 in Q3 2023, which is an increase of around 35.6%[20] Research and Development - R&D expenses for Q3 2024 amounted to ¥28,320,262.95, representing 25.33% of revenue, an increase of 3.68 percentage points from the previous year[3] - Year-to-date R&D expenses totaled ¥74,760,709.37, which is 52.41% higher than the previous year[3] - Research and development expenses for Q3 2024 amounted to ¥74,760,709.37, up from ¥49,053,860.64 in the same period last year, indicating a year-over-year increase of about 52.4%[20] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥48,768,363.21 year-to-date, a decrease of 28.64% compared to the previous year[2] - Cash flow from operating activities for the first nine months of 2024 was ¥48,768,363.21, down from ¥68,343,640.77 in the same period of 2023, showing a decrease of about 28.7%[20] - The net cash flow from investment activities was 750,306,104.20, a significant improvement from -829,143,079.71 in the previous period, indicating a positive turnaround in investment performance[21] - The net increase in cash and cash equivalents was 643,186,619.59, up from 248,274,394.26 in the previous period, showing improved liquidity[21] - The ending balance of cash and cash equivalents reached 755,519,431.93, compared to 311,079,340.20 in the previous period, highlighting a strong cash position[21] Shareholder Information - As of September 30, 2024, the company has repurchased a total of 867,474 shares, representing 0.85% of the total share capital of 102,280,590 shares[12] - The maximum repurchase price was adjusted to RMB 58.65 per share after the annual equity distribution, down from RMB 88.00 per share[12] - The total amount spent on share repurchases reached RMB 59,201,883.18, excluding transaction fees[12] - The top shareholder, Chen Feng, holds 38,495,035 shares, accounting for 37.64% of the total shares[9] - The second-largest shareholder, Hefei Saifu Heyuan Venture Capital Center, holds 7,386,520 shares, representing 7.22%[9] - The total number of ordinary shareholders at the end of the reporting period was 3,955[9] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥1,444,470,341.91, a decrease of 2.83% from the end of the previous year[3] - Current assets totaled CNY 1,321,959,255.39, slightly down from CNY 1,373,368,514.70, indicating a decrease of 3.8%[15] - The company's total liabilities increased to CNY 67,345,645.72 from CNY 57,070,543.66, marking a rise of 17.9%[16] - The equity attributable to shareholders decreased to CNY 1,377,124,696.19 from CNY 1,429,466,358.91, a decline of 3.7%[16] Market Strategy - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[16] Accounting and Reporting - The company is set to implement new accounting standards starting in 2024, which may affect future financial reporting[22]