Weaver Network(603039)2024-10-28 08:15Financial Performance - The company's operating revenue for Q3 2024 was ¥499,801,278.18, representing a year-over-year increase of 1.51%[2]. - The net profit attributable to shareholders for the year-to-date period reached ¥86,225,413.51, showing a significant increase of 657.69% compared to the same period last year[2][7]. - Basic and diluted earnings per share for the year-to-date period were both ¥0.34, reflecting a substantial increase of 750.00%[3][8]. - The weighted average return on equity for the year-to-date period was 4.19%, an increase of 3.62 percentage points[3]. - The cash flow from operating activities for the year-to-date period was ¥12,555,274.91, an increase of 2,566.81% compared to the same period last year[2][8]. - Total operating revenue for the first three quarters of 2024 was CNY 1,385,478,649.60, a decrease of 0.9% compared to CNY 1,397,614,554.76 in the same period of 2023[14]. - Net profit for the first three quarters of 2024 reached CNY 86,225,413.51, compared to a net profit of CNY 11,380,035.83 in the same period of 2023[16]. - Basic earnings per share for the first three quarters of 2024 were CNY 0.34, compared to CNY 0.04 in the same period of 2023[18]. - The total comprehensive income for the first three quarters of 2024 was CNY 86,375,064.39, significantly higher than CNY 11,447,965.69 in the previous year[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,660,648,820.69, a decrease of 6.22% from the end of the previous year[3]. - The company's total current assets as of September 30, 2024, amount to ¥3,042,185,943.68, a decrease from ¥3,310,797,235.69 at the end of 2023[12]. - Total assets as of September 30, 2024, are ¥3,660,648,820.69, down from ¥3,903,597,354.40[13]. - The company's total liabilities decreased to CNY 1,607,991,324.83 from CNY 1,824,110,270.78 year-over-year, reflecting a reduction of approximately 11.9%[14]. - The total equity attributable to shareholders was CNY 2,052,657,495.86, down from CNY 2,079,487,083.62 in the previous year[14]. Cash Flow - The net cash flow from operating activities for Q3 2024 was CNY 12,555,274.91, a significant increase from CNY 470,797.94 in Q3 2023[19]. - Cash inflow from investment activities totaled CNY 2,787,113,393.56, compared to CNY 2,514,713,464.34 in the same period last year[20]. - The net cash flow from investment activities was CNY 78,123,700.26, recovering from a negative CNY 503,729,183.91 in Q3 2023[20]. - The ending cash and cash equivalents balance was CNY 77,661,388.05, down from CNY 188,186,310.25 in the previous year[20]. - The total cash inflow from operating activities was CNY 1,669,006,060.02, slightly lower than CNY 1,705,171,670.93 in Q3 2023[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,148[9]. - The largest shareholder, Wei Lidong, holds 85,865,419 shares, accounting for 32.95% of the total shares[9]. Government Support and Strategic Changes - The company received government subsidies amounting to ¥10,456,210.00 for the year-to-date period, which positively impacted the financial results[5]. - The company terminated its employee stock ownership plan, which had a significant impact on net profit growth for the year-to-date period[4]. - The company plans to focus on cost reduction and efficiency improvement strategies to enhance profitability moving forward[7]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 235,676,232.25, a decrease of 11.0% from CNY 264,929,752.93 in the previous year[16]. - The company has not disclosed any significant new strategies or product developments during the reporting period[11].