Financial Performance - Revenue for Q3 2024 reached ¥270,754,104.77, an increase of 29.52% compared to the same period last year[2] - Net profit attributable to shareholders was ¥22,456,377.52, up 22.19% year-on-year[2] - Net profit excluding non-recurring items was ¥21,466,498.38, reflecting an 18.22% increase from the previous year[2] - Total operating revenue for Q3 2024 reached ¥705,822,792.11, an increase of 17.3% compared to ¥601,468,067.41 in the same period last year[14] - The net profit for the third quarter of 2024 was CNY 59,958,895.49, an increase from CNY 54,545,041.79 in the same period last year, representing an increase of approximately 7.9%[15] - The total comprehensive income attributable to the parent company was CNY 65,050,022.62, compared to CNY 54,493,162.41 in the same quarter last year, an increase of approximately 19.4%[15] - The total profit of CNY 68,541,557.22 for the quarter, compared to CNY 61,482,013.77 in the same period last year, representing an increase of approximately 11.0%[15] Cash Flow - Cash flow from operating activities for the year-to-date increased by 191.09% to ¥72,464,063.39[7] - The company reported a significant increase in cash flow from investing activities, with a net outflow of ¥228,409,987.06, a 3500.44% increase compared to the previous year[7] - The net increase in cash and cash equivalents for the third quarter was -¥217,370,105.57, a decrease of 131.94% compared to the previous period, primarily due to increased investment affecting cash outflow[8] - Cash flow from operating activities increased to CNY 766,280,660.05, up from CNY 644,072,256.10, marking a rise of approximately 19.0%[17] - The company reported a net cash flow from investing activities of CNY -228,409,987.06, compared to CNY -6,343,939.06 in the previous year, indicating a significant increase in investment outflows[17] - The cash and cash equivalents at the end of the period were CNY 706,205,949.92, down from CNY 928,023,251.96 at the end of the previous year, a decrease of about 24.0%[18] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥1,349,289,751.49, a 3.83% increase from the end of the previous year[2] - The total liabilities increased to ¥231,617,448.72 from ¥181,879,500.81, representing a rise of 27.4%[13] - The company’s total liabilities increased, with accounts payable rising by 38.97% to ¥146,302,701.71, reflecting increased procurement activities[5] - Inventory levels rose to ¥84,429,677.90 from ¥60,065,918.58, an increase of 40.5%[13] - The company reported a significant increase in accounts receivable, which rose to ¥155,974,846.52 from ¥125,367,826.94, a growth of 24.5%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,492, with the top ten shareholders holding significant stakes, including Xia Feng at 35.28% and Yan Hua at 33.89%[8] - The total number of restricted shares at the beginning of the period was 76,669,717, with 6,169,717 shares released during the period, leaving 70,500,000 restricted shares at the end[10] - The company repurchased 1,000,750 shares through its dedicated repurchase account as of the end of the reporting period[9] - The company plans to release certain restricted shares on specific dates, with significant releases scheduled for August 18, 2024, and February 18, 2025[10] - The top ten shareholders include domestic natural persons and non-state-owned legal entities, with no significant changes in shareholding due to margin trading activities reported[9] - The company has a total of 1,900,000 shares held under lock-up by the management consulting partnership, with part of these shares set to be released in 2025[10] - The largest shareholder, Xia Feng, holds 34,680,000 shares, all of which are subject to lock-up until February 18, 2027[10] - The company has not reported any changes in the number of preferred shareholders or their holdings during the period[10] Expenses - Research and development expenses rose by 31.44% to ¥21,275,065.11, indicating a continued investment in innovation[7] - Sales expenses increased by 50.31% to ¥23,214,586.33, driven by market expansion efforts[7] - Total operating costs for Q3 2024 were ¥636,572,567.02, up from ¥537,134,956.31, reflecting a year-over-year increase of 18.5%[14] - The company recorded operating expenses of CNY 693,816,596.66, compared to CNY 619,178,103.53 in the previous year, reflecting an increase of approximately 12.0%[17] Equity - The weighted average return on equity decreased to 2.01%, down 28.63% from the previous year[2] - The total equity attributable to shareholders was ¥1,117,672,302.77, slightly up from ¥1,117,650,842.48, indicating stability in shareholder equity[14]
威马农机(301533) - 2024 Q3 - 季度财报