Piotech (688072)2024-10-28 10:22Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,010,924,149.20, representing a year-on-year increase of 44.67%[2] - The net profit attributable to shareholders for Q3 2024 was ¥142,190,832.82, a decrease of 2.91% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥45,527,520.87, a significant decrease of 58.79% year-on-year[2] - The net profit for Q3 2024 was CNY 259,911,231.65, a decrease from CNY 269,523,058.52 in Q3 2023, reflecting a decline of approximately 3.7%[23] - Operating profit for Q3 2024 was CNY 254,164,460.66, down from CNY 269,443,418.72 in the same period last year, indicating a decrease of about 5.7%[23] - The company reported a total comprehensive income of CNY 260,144,595.18 for Q3 2024, slightly down from CNY 269,521,528.52 in Q3 2023[24] - Earnings per share for Q3 2024 remained stable at CNY 0.98, unchanged from Q3 2023[24] Research and Development - The R&D investment totaled ¥166,215,145.17 in Q3 2024, an increase of 15.47% year-on-year, accounting for 16.44% of operating revenue[3] - Research and development expenses increased to CNY 480,528,570.16 in 2024, compared to CNY 354,029,824.11 in 2023, marking a 35.7% rise[22] - The company plans to continue expanding its product lines and enhancing R&D efforts, with a focus on new equipment platforms and reaction chambers[6] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥13,165,177,931.83, reflecting a growth of 32.06% compared to the end of the previous year[3] - Total liabilities increased to CNY 8,419,162,156.74 from CNY 5,377,702,351.65, representing a 56.8% increase year-over-year[20] - The equity attributable to shareholders of the parent company reached CNY 4,759,606,841.63, up from CNY 4,593,860,407.52, reflecting a 3.6% increase[21] Cash Flow and Investments - The cash flow from operating activities for the first three quarters was -¥999,017,913.83, showing an improvement from -¥1,363,000,000 in the same period last year[6] - The company's cash and cash equivalents as of September 30, 2024, amount to ¥1,925,116,582.89, a decrease from ¥2,675,647,284.83 at the end of 2023[15] - The total cash inflow from investment activities for the first three quarters of 2024 was CNY 992,095,923.14, compared to CNY 558,669,302.54 in the same period last year, marking an increase of approximately 77.5%[26] - The company incurred a total of CNY 1,717,888,003.38 in cash outflows from investment activities in the first three quarters of 2024, compared to CNY 1,022,427,571.99 in the same period last year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,112[8] - The largest shareholder, National Integrated Circuit Industry Investment Fund, holds 55,026,693 shares, representing 19.77% of total shares[8] - The second-largest shareholder, Guotou (Shanghai) Venture Capital Management Co., Ltd., holds 37,888,000 shares, accounting for 13.61%[8] - The top ten shareholders include various institutional investors, with the largest being a state-owned entity[8] - The report indicates no significant changes in the shareholder structure due to margin trading activities[14] Market Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[19] - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[19] - The company has not disclosed any new product developments or market expansion strategies in this report[14]