诺禾致源(688315) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter reached RMB 522.53 million, a year-on-year increase of 4.68%[2] - Net profit attributable to shareholders of the listed company was RMB 56.53 million, up 12.52% year-on-year[2] - Total revenue for the first three quarters of 2024 reached 1,519,180,271.23 yuan, a 6.3% increase compared to 1,429,077,493.84 yuan in the same period of 2023[12] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was 134,455,987.69 yuan, up 7.3% from 125,274,300.39 yuan in the same period of 2023[13] - Revenue for the first three quarters of 2024 reached RMB 782,690,005.45, a 3.1% increase compared to RMB 758,972,944.97 in the same period of 2023[21] - Net profit for the first three quarters of 2024 was RMB 82,183,129.91, a 12% decrease from RMB 93,362,569.63 in the same period of 2023[22] - Sales revenue from goods and services in the first three quarters of 2024 reached 1,439,494,547.64, a slight increase from 1,403,886,793.48 in the same period of 2023[15] - Sales revenue from goods and services in the first three quarters of 2024 was RMB 504,413,959.15, a 32.9% decrease from RMB 751,927,811.58 in the same period of 2023[23] R&D Investment and Expenses - R&D investment for the quarter was RMB 32.27 million, a decrease of 22.34% compared to the same period last year[4] - R&D investment accounted for 6.18% of total revenue, a decrease of 2.15 percentage points year-on-year[4] - R&D expenses for the first three quarters of 2024 decreased by 15.5% to 77,094,646.26 yuan from 91,241,514.74 yuan in the same period of 2023[12] - R&D expenses increased by 24.4% to RMB 51,675,155.49 in the first three quarters of 2024, compared to RMB 41,544,982.76 in the same period of 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3.48 billion, a decrease of 3.16% compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company was RMB 2.43 billion, down 1.22% from the end of the previous year[4] - Total assets decreased to 3,480,803,196.01 RMB as of September 30, 2024, compared to 3,594,420,954.11 RMB at the end of 2023[10] - Total liabilities as of the end of Q3 2024 were 1,031,170,984.68 yuan, a decrease of 8.0% compared to 1,120,583,995.29 yuan at the end of Q3 2023[11] - The company's total equity attributable to the parent company's shareholders was 2,427,467,254.85 yuan at the end of Q3 2024, a slight decrease of 1.2% from 2,457,457,998.48 yuan at the end of Q3 2023[11] - Total assets as of September 30, 2024, were 2,693,094,271.74, a decrease from 2,790,423,592.94 at the end of 2023[19] - Total liabilities as of September 30, 2024, were 573,206,904.83, down from 587,220,292.68 at the end of 2023[19] - Total assets as of the end of Q3 2024 were RMB 2,693,094,271.74, a 3.5% decrease from RMB 2,790,423,592.94 at the end of Q3 2023[20] - Equity attributable to shareholders as of the end of Q3 2024 was RMB 2,119,887,366.91, a 3.8% decrease from RMB 2,203,203,300.26 at the end of Q3 2023[20] Cash Flow and Liquidity - Cash and cash equivalents decreased to 358,203,095.52 RMB from 704,728,527.91 RMB at the end of 2023[9] - Net cash flow from operating activities in the first three quarters of 2024 was 38,855,244.60, compared to 37,155,098.63 in the same period of 2023[16] - Cash received from investments in the first three quarters of 2024 was 1,728,418,905.84, up from 1,346,812,462.99 in the same period of 2023[16] - Cash paid for investments in the first three quarters of 2024 was 1,816,991,582.58, a decrease from 1,945,405,220.48 in the same period of 2023[16] - Net cash flow from investing activities in the first three quarters of 2024 was -201,744,126.42, an improvement from -675,346,435.49 in the same period of 2023[16] - Net cash flow from financing activities in the first three quarters of 2024 was -175,317,340.10, compared to -11,681,349.21 in the same period of 2023[16] - The company's cash and cash equivalents at the end of September 2024 were 353,516,728.48, down from 691,622,974.60 at the beginning of the year[17] - Operating cash flow for the first three quarters of 2024 was negative RMB 97,968,148.17, a significant decline from positive RMB 204,792,280.07 in the same period of 2023[23] - Investment cash flow for the first three quarters of 2024 was negative RMB 52,490,344.33, an improvement from negative RMB 244,775,672.35 in the same period of 2023[23] - Cash and cash equivalents at the end of Q3 2024 were RMB 70,664,695.55, a 32.3% increase from RMB 53,431,374.21 at the end of Q3 2023[24] Shareholder and Equity Information - The company's largest shareholder, Li Ruiqiang, holds 51.61% of the shares[6] - The company repurchased 11,141,468 shares, representing 2.68% of the total shares outstanding[7] - Basic earnings per share for the quarter were RMB 0.14, an increase of 7.69% year-on-year[4] - Weighted average return on equity (ROE) for the quarter was 2.32%, a decrease of 0.13 percentage points year-on-year[4] - Basic earnings per share for the first three quarters of 2024 were 0.33 yuan, up 6.5% from 0.31 yuan in the same period of 2023[14] - Total comprehensive income for the first three quarters of 2024 was 139,354,190.77 yuan, a decrease of 2.3% compared to 142,659,082.25 yuan in the same period of 2023[14] - Total comprehensive income for the first three quarters of 2024 was RMB 80,243,004.91, a 14.1% decrease from RMB 93,362,569.63 in the same period of 2023[22] Operating Costs and Expenses - Total operating costs for the first three quarters of 2024 were 1,363,364,801.99 yuan, a 4.6% increase compared to 1,302,778,730.53 yuan in the same period of 2023[12] - Sales expenses for the first three quarters of 2024 increased by 11.7% to 298,100,193.95 yuan from 266,907,751.54 yuan in the same period of 2023[12] Non-Recurring Items - Non-recurring gains and losses for the quarter amounted to RMB 10.83 million, primarily driven by financial asset investment gains and government subsidies[5] Inventory and Accounts Receivable - Accounts receivable increased to 743,599,677.50 RMB from 574,150,299.59 RMB at the end of 2023[9] - Inventory decreased to 173,075,253.90 RMB from 181,513,846.76 RMB at the end of 2023[9] - Accounts receivable as of September 30, 2024, were 591,820,078.84, an increase from 378,711,218.34 at the end of 2023[18] Fixed Assets and Contract Liabilities - Fixed assets increased to 706,001,035.78 RMB from 679,881,094.45 RMB at the end of 2023[10] - Contract liabilities decreased to 714,494,420.60 RMB from 754,971,408.46 RMB at the end of 2023[10] Current and Non-Current Assets - Total current assets decreased to 2,399,707,311.01 RMB from 2,519,240,019.22 RMB at the end of 2023[9] - Total non-current assets increased slightly to 1,081,095,885.00 RMB from 1,075,180,934.89 RMB at the end of 2023[10] Accounts Payable - Accounts payable decreased to 134,186,917.52 RMB from 158,972,532.72 RMB at the end of 2023[10]