HONGHUI(002802)2024-10-27 07:36Financial Performance - The company's revenue for Q3 2024 reached ¥133,336,161.20, an increase of 49.80% compared to the same period last year[3] - Net profit attributable to shareholders was ¥17,132,080.09, reflecting a growth of 47.14% year-on-year[3] - The net profit excluding non-recurring gains and losses was ¥15,511,578.89, up 81.71% from the previous year[3] - Total operating revenue for Q3 2024 reached ¥343,209,622.21, an increase of 27.3% compared to ¥269,663,401.79 in Q3 2023[16] - Operating profit for Q3 2024 was ¥50,733,194.54, representing a 14.4% increase from ¥44,296,404.14 in Q3 2023[16] - Net profit for Q3 2024 was ¥44,198,134.25, compared to ¥37,967,887.40 in Q3 2023, marking a growth of 16.4%[16] - The total comprehensive income attributable to the parent company's owners for the quarter was CNY 44,198,134.25, compared to CNY 37,967,887.40 in the previous year, reflecting a similar growth rate of about 16.3%[17] - Basic and diluted earnings per share for the quarter were both CNY 0.25, up from CNY 0.21 in the same quarter last year, indicating an increase of approximately 19%[17] Cash Flow - The company's cash flow from operating activities showed a net amount of ¥22,632,622.61, down 68.98% compared to the same period last year[6] - Cash inflows from operating activities totaled CNY 220,463,797.95, a decrease from CNY 240,497,891.62 in the previous year, representing a decline of about 8.3%[18] - Cash outflows from operating activities increased to CNY 197,831,175.34, compared to CNY 167,542,457.58 in the same period last year, marking an increase of approximately 18%[19] - The net cash flow from operating activities for the quarter was CNY 22,632,622.61, significantly lower than CNY 72,955,434.04 in the previous year, indicating a decline of about 68.9%[19] - The cash and cash equivalents at the end of the period were CNY 36,865,359.59, down from CNY 73,245,270.40 at the end of the previous year, reflecting a decrease of about 49.6%[20] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 219,071,338.40, compared to CNY 236,894,468.14 in the previous year, a decline of approximately 7.5%[18] - The company experienced a net cash outflow from financing activities of CNY 78,070,622.07, compared to a net outflow of CNY 85,099,834.49 in the same period last year, indicating an improvement of about 8.5%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥704,144,114.62, a decrease of 2.38% from the end of the previous year[3] - Total assets decreased to ¥704,144,114.62 from ¥721,281,294.05, a decline of 2.4%[15] - Total liabilities increased to ¥69,632,024.96 from ¥55,636,886.01, an increase of 25.1%[15] Shareholder Information - The company has a total of 11,991 common shareholders, with the largest shareholder, Xiang Hongwei, holding 52.81% of the shares[8] - The top ten shareholders hold a combined total of 109,000,000 shares, representing a significant portion of the company's equity[9] - The company has not disclosed any significant changes in the shareholding structure among the top ten shareholders[10] Expenses and Investments - The company reported R&D expenses of ¥18,814,536.37, up from ¥17,814,597.29, indicating a growth of 5.6%[16] - The company's sales expenses rose by 55.92% to ¥7,395,596.21, attributed to increased marketing efforts[5] Strategic Initiatives - The company is undergoing a technical upgrade project to produce 60,000 tons of water-based industrial paint base and 100,000 tons of vinyl acetate copolymer resin, enhancing market competitiveness[12] - The project received the investment project filing certificate from the Wuxi Data Bureau on September 23, 2024, indicating progress in regulatory approvals[12] - The company is actively pursuing market expansion and product development strategies to meet customer demands[12] - The company is committed to enhancing its operational capabilities through ongoing technical improvements and market strategies[12] Share Repurchase - The company repurchased a total of 3,830,004 shares, accounting for 2.10% of the total share capital, with a total payment of approximately RMB 32.91 million[11] - The maximum transaction price during the share repurchase was RMB 10.70 per share, while the minimum was RMB 7.37 per share[11]