IAT(300825)2024-10-28 08:32Financial Performance - The company's operating revenue for Q3 2024 reached ¥224,300,906.21, representing a 109.63% increase compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥17,029,905.87, a 151.59% increase year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥15,569,015.28, up 144.60% from the previous year[2]. - Basic earnings per share for Q3 2024 were ¥0.0346, reflecting a 150.29% increase compared to the same period last year[2]. - Diluted earnings per share for Q3 2024 were also ¥0.0346, marking a 150.96% increase year-over-year[2]. - The company reported a significant decrease in net profit attributable to shareholders for the year-to-date period, down 96.25% to ¥1,241,783.74[2]. - The company experienced a 91.25% decline in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period[2]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period increased by 586.96%, totaling ¥107,180,048.64[2]. - Total current assets decreased from RMB 1,464,999,831.00 to RMB 1,315,413,767.02, reflecting a decline of approximately 10.16%[11]. - Total non-current assets increased from RMB 1,928,893,099.83 to RMB 2,012,489,337.93, representing an increase of approximately 4.35%[11]. - The company's total equity decreased from RMB 2,524,710,887.38 to RMB 2,490,700,362.59, reflecting a decline of approximately 1.35%[12]. - The company reported cash and cash equivalents of RMB 165,706,566.49, down from RMB 433,209,396.62, indicating a significant decrease of approximately 61.73%[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 27,907[6]. - The top shareholder, Altec (Qingdao) Automotive Technology Consulting Co., Ltd., holds 13.57% of shares, totaling 67,579,530 shares[6]. - The company repurchased 7,067,715 shares, which are not included in the top 10 shareholders list[6]. - The top 10 shareholders hold a total of 13.57% to 1.01% of shares, with the largest holding being 67,579,530 shares[6]. - The company’s stock held by major shareholders includes 45,329,300 shares that are pledged[6]. - The number of restricted shares at the beginning of the period was 22,208,603, with 11,738,697 shares released during the period[7]. Strategic Initiatives - A joint venture was established with Yazaki (China) Investment Co., Ltd., with a registered capital of RMB 50 million, where the company contributes RMB 30 million (60%) and Yazaki contributes RMB 20 million (40%)[8]. - Sichuan Altec New Energy Automobile Co., Ltd. signed a contract with HDI Trading Co., Limited for the procurement of hybrid transmission products, with a total contract value expected to be no less than RMB 1,451 million (excluding tax)[8]. - The company’s future outlook includes continued investment in new energy technologies and expansion into joint ventures[8]. - The company is actively pursuing market expansion through strategic partnerships and contracts with significant financial implications[8]. - The company plans to transfer 50% equity in Chengdu Zhixuan Technology Co., Ltd. to Chengdu Qingqiao Technology Co., Ltd. for a transfer price of RMB 0, with an investment amount of RMB 10 million[9]. - The company intends to acquire the remaining 4.4445% equity in Sichuan Alter New Energy from Chengdu Xiantou for a transaction price not exceeding RMB 30 million, aiming to make it a wholly-owned subsidiary[9]. Litigation and Financial Activities - As of September 19, 2024, the total amount involved in litigation and arbitration cases is approximately RMB 325.79 million, accounting for 13.30% of the company's latest audited net assets[9]. - The company has repurchased 2,056,132 shares at a total cost of RMB 19,993,261.14 as part of its fourth share repurchase plan, with a total budget between RMB 50 million and RMB 100 million[9]. Operating Costs and Expenses - Total operating costs increased to 551.44 million, marking a rise of about 4.39%[13]. - Research and development expenses rose significantly to 21.10 million in the previous period, reflecting an increase of approximately 64.5%[14]. - The company reported a decrease in sales expenses to 36.11 million, a reduction of about 28.8%[14]. - The company experienced a significant increase in financial expenses, with interest expenses rising to 14.17 million, an increase of approximately 18.4%[14]. Profitability - The net profit for the period was reported at a loss of 29.83 million in the same period last year[14]. - The total profit margin for the period was negative, with a total profit of -34.50 million in the previous year[14]. - Basic earnings per share were reported at 0.0686 in the previous period[15]. - Other comprehensive income after tax was reported at -1,399,300.00 in the previous period, showing an improvement[15]. Cash Flow from Activities - Cash flow from operating activities totaled 550.46 million, indicating a growth of approximately 27.5%[16]. - The net cash flow from operating activities for Q3 2024 was 22,009,910.42 in Q3 2023[17]. - Total cash inflow from investment activities was 1,129,260,063.60 in the same period last year, indicating a decrease of approximately 31.2%[17]. - The net cash outflow from investment activities was 221,642,536.36 in Q3 2023[17]. - Cash inflow from financing activities totaled 120,385,405.50 in Q3 2023, representing an increase of about 98.5%[17]. - The net cash flow from financing activities was 15,548,374.81 in the previous year[17]. - The ending balance of cash and cash equivalents was 447,988,578.07 at the end of Q3 2023[17]. - The company paid 302,466,129.23 in Q3 2023[17]. - The total cash outflow from operating activities was 572,466,723.99 in the same quarter last year[17]. - The company reported a decrease in tax payments, with 32,115,453.82 in Q3 2023[17]. Audit Status - The report for Q3 2024 was unaudited, as stated by the company's board[18].