Motic Electric(300341)2024-10-23 08:21Financial Performance - Revenue for Q3 2024 was CNY 341,700,120.71, a decrease of 2.50% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 44,802,710.62, an increase of 1.55% year-on-year[3] - Net profit excluding non-recurring gains and losses for Q3 2024 was CNY 44,307,515.25, a slight decrease of 0.17% compared to the previous year[3] - Total operating revenue for Q3 2024 was ¥996,169,384.90, a decrease of 3.4% compared to ¥1,028,419,402.31 in the same period last year[18] - The net profit for the third quarter of 2024 was CNY 125,968,441.87, an increase from CNY 122,787,260.56 in the same period last year, representing a growth of approximately 2%[19] - The total profit for the quarter was CNY 147,006,656.29, compared to CNY 146,044,085.28 in the previous year, indicating a slight increase of about 0.7%[19] - The operating profit for the quarter was CNY 145,768,698.71, which is relatively stable compared to CNY 146,062,512.39 from the previous year[19] Assets and Equity - Total assets at the end of Q3 2024 reached CNY 2,424,379,146.88, reflecting a growth of 5.72% from the end of the previous year[3] - Shareholders' equity attributable to the parent company was CNY 1,777,861,220.68, up 5.31% from the end of last year[3] - The total assets of the company reached ¥2,424,379,146.88, up 5.7% from ¥2,293,277,799.77[17] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 165,931,004.75, an increase of 7.83% year-on-year[3] - Cash flow from operating activities showed a net increase of CNY 165,931,004.75, compared to CNY 153,877,222.93 in the previous year, marking an increase of about 7.5%[21] - The cash and cash equivalents at the end of the period amounted to CNY 796,228,461.84, an increase from CNY 621,191,130.91 at the end of the previous year[22] - Net increase in cash and cash equivalents was 89.22%, reaching 5,193.07 million, due to higher net cash flow from investment and operating activities[10] Expenses - The company reported a significant increase in financial expenses by 2026.50% due to increased interest income from fixed deposits and exchange rate impacts[8] - Other income increased by 1757.34% to CNY 235.83 million, driven by policy incentives and asset gains[8] - Research and development expenses rose by 22.25% to 5,541.92 million, reflecting increased investment in new products and materials[10] - Research and development expenses for Q3 2024 were ¥55,419,207.71, an increase of 22.3% from ¥45,331,327.81 in the previous year[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,612[11] - Beijing Yizhuang Investment Holding Co., Ltd. held the largest share at 29.57%, with 152,997,984 shares[11] - The top ten shareholders collectively hold significant stakes, with the largest being 29.57%[11] Investment Activities - Investment income decreased significantly by 527.70% to -63.48 million, primarily due to losses from joint ventures[10] - Net cash flow from investing activities improved by 24.30% to -6,930.03 million, as payments for the Xiang'an Phase III project decreased year-on-year[10] - The company recorded a decrease in investment activities cash flow, with a net cash outflow of CNY 69,300,330.01, compared to CNY 91,547,167.84 in the previous year[22] Strategic Focus - The company has a strategy focused on expanding its R&D efforts and enhancing product offerings to drive future growth[10]