Financial Performance - Revenue for Q3 2024 was ¥131,572,318.06, a decrease of 25.35% compared to the same period last year[2] - Net profit attributable to shareholders was -¥9,330,551.16, a decline of 173.71% year-on-year[2] - Net profit excluding non-recurring items was -¥10,259,978.56, down 185.82% from the previous year[2] - Total operating revenue for the current period reached ¥515,080,052.15, an increase from ¥488,400,500.08 in the previous period, representing a growth of approximately 5.5%[16] - Total operating costs increased to ¥494,045,640.53 from ¥444,058,943.11, marking a rise of about 11.3%[16] - Net profit for the current period was ¥19,461,086.20, down from ¥38,339,921.62 in the previous period, indicating a decline of approximately 49.3%[17] - The company reported a decrease in operating profit to ¥17,526,204.30 from ¥40,689,584.31, a drop of about 56.9%[17] - Basic earnings per share decreased to ¥0.2155 from ¥0.4214, reflecting a decline of approximately 48.9%[18] - Tax expenses for the current period were ¥66,383.09, significantly lower than ¥2,860,370.12 in the previous period, indicating a decrease of about 97.7%[17] - The company recorded other income of ¥1,766,708.72, up from ¥1,151,291.50, representing an increase of approximately 53.4%[17] - Investment income improved to ¥1,988,541.67 from a loss of ¥3,115,069.66 in the previous period, marking a significant turnaround[17] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,622,549,772.32, an increase of 0.71% from the end of the previous year[2] - Shareholders' equity decreased by 5.62% to ¥790,873,998.59 compared to the end of the previous year[2] - Cash and cash equivalents decreased from RMB 429,600,170.89 at the beginning of the period to RMB 190,573,453.25 at the end of the period, a decline of approximately 55.7%[13] - Accounts receivable increased from RMB 163,488,875.41 to RMB 210,626,913.05, representing a growth of about 28.8%[13] - Total liabilities rose from RMB 773,339,620.36 to RMB 831,918,364.29, an increase of approximately 7.6%[15] - The company's equity attributable to shareholders decreased from RMB 837,978,986.85 to RMB 790,873,998.59, a decline of about 5.6%[15] Cash Flow - Cash flow from operating activities was -¥6,778,261.52, a decline of 104.28% year-on-year[2] - Cash inflow from operating activities totaled ¥571,632,405.46, compared to ¥561,990,424.53 in the previous period, showing a slight increase of about 1.3%[19] - Cash outflow from operating activities rose to ¥578,410,666.98 from ¥403,520,192.44, an increase of approximately 43.3%[19] - Net cash flow from operating activities was -6,778,261.52 CNY, compared to 158,470,232.09 CNY in the previous period[20] - Total cash inflow from investment activities was 53,767,624.34 CNY, up from 48,437,737.90 CNY year-over-year[20] - Net cash flow from investment activities was -145,926,363.39 CNY, compared to -126,547,210.95 CNY in the previous period[20] - Cash inflow from financing activities totaled 224,999,834.23 CNY, an increase from 178,542,500.00 CNY year-over-year[20] - Net cash flow from financing activities was -68,057,824.80 CNY, compared to -1,061,795.75 CNY in the previous period[20] - The ending balance of cash and cash equivalents was 184,245,885.39 CNY, down from 404,468,717.39 CNY in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,712[7] - The largest shareholder, Chen Yiwen, holds 19.99% of the shares, totaling 18,150,000 shares[7] - The second-largest shareholder, Wenzhou Dijiou Electronics Technology Co., Ltd., holds 19.82% of the shares, totaling 18,000,000 shares[7] - The shareholder Li Yong holds 2.60% of the shares, totaling 2,357,200 shares, with 1,500,000 shares pledged[7] - The company repurchased a total of 3,793,900 shares, accounting for 4.1783% of the total share capital, with a total transaction amount of RMB 60,725,835.35[12] Restricted Shares and Incentive Plans - The company has a total of 47,285,100 restricted shares at the beginning of the period, with 47,285,100 shares released during the period[10] - The company plans to release 18,332,500 restricted shares by May 25, 2024, due to the expiration of the lock-up period[10] - The company has 1,720,000 shares from the first category of restricted stock incentive plan that will be released based on specific conditions[10] - The company completed the first grant registration of 1.72 million restricted stocks under the 2024 incentive plan[12] - The company adjusted the grant price for the second category of restricted stocks due to the disqualification of 9 incentive objects, resulting in the cancellation of 195,000 shares[12] Convertible Bonds - The convertible bond "Taifu Convertible Bond" has a current conversion price of 19.75 RMB per share and a term of 6 years[11] - The company completed the second year's interest payment for the convertible bond on September 30, 2024[11] - The company has a total of 18,150,000 shares that were restricted prior to the IPO, which will be released on May 25, 2024[10] Other Financial Metrics - Inventory increased by 41.13% to ¥363,464,542.94 due to increased stocking for Q4[5] - Sales expenses rose by 53.98% to ¥27,084,899.95, attributed to market expansion efforts[6] - Financial expenses surged by 235.84% to ¥18,345,083.72, mainly due to convertible bond interest amortization[6] - The company reported a significant increase in other income by 53.45% to ¥1,766,708.72, primarily from government subsidies[6] - Deferred income increased from RMB 21,308,229.48 to RMB 22,834,339.59, a rise of approximately 7.1%[15] Audit Status - The company’s third-quarter report was not audited[20]
泰福泵业(300992) - 2024 Q3 - 季度财报