ECH(603200)2024-10-29 08:13Financial Performance - The company's operating revenue for Q3 2024 was ¥107,616,918.18, a decrease of 21.03% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥6,538,383.98, down 55.51% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥4,069,071.86, a decrease of 71.34% compared to the same period last year[2]. - Basic earnings per share for Q3 2024 was ¥0.0378, a decline of 55.27% year-on-year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 374,604,722.93, a decrease of 1.5% compared to CNY 380,738,393.47 in the same period of 2023[19]. - The company's net profit attributable to shareholders for the year-to-date period increased by 30.14% compared to the same period last year, driven by high revenue and gross profit from new projects[8]. - The company reported a net profit attributable to shareholders of CNY 397,636,509.91, up from CNY 369,271,505.32 year-on-year, reflecting a growth of 7.7%[17]. - The net profit for Q3 2024 was CNY 43,685,081.44, an increase of 16.4% compared to CNY 37,381,592.29 in Q3 2023[20]. - The total comprehensive income for Q3 2024 reached CNY 44,235,334.69, up from CNY 37,249,693.99 in the same period last year, reflecting a growth of 18.4%[20]. - Basic earnings per share for Q3 2024 were CNY 0.2768, compared to CNY 0.2138 in Q3 2023, representing a 29.5% increase[21]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥1,603,494,007.48, representing a 9.04% increase from the end of the previous year[3]. - The total equity attributable to shareholders at the end of Q3 2024 was ¥958,365,282.66, an increase of 3.89% from the end of the previous year[3]. - Non-current assets totaled CNY 640,036,540.37, up 35.9% from CNY 471,135,447.37 year-on-year[17]. - Total assets reached CNY 1,603,494,007.48, an increase of 8.5% compared to CNY 1,470,571,386.84 in the previous year[17]. - Total liabilities amounted to CNY 576,035,251.52, a rise of 22.0% from CNY 472,279,301.84 year-on-year[17]. Cash Flow - The company reported a net cash flow from operating activities of ¥2,429,799.26 for the year-to-date period[3]. - Cash flow from operating activities for the first nine months of 2024 was CNY 2,429,799.26, a significant improvement from a negative cash flow of CNY -1,488,285.63 in the same period of 2023[22]. - The company reported cash inflow from operating activities totaling CNY 404,935,950.34 for the first nine months of 2024, slightly down from CNY 417,793,989.69 in 2023[22]. - Investment activities resulted in a net cash outflow of CNY -137,643,864.91 in Q3 2024, compared to CNY -30,204,462.04 in Q3 2023[23]. - Financing activities generated a net cash inflow of CNY 34,823,761.71 in Q3 2024, down from CNY 58,626,563.79 in Q3 2023[23]. - The company’s cash and cash equivalents at the end of Q3 2024 were CNY 173,895,222.29, a decrease from CNY 302,592,822.78 at the end of Q3 2023[23]. Research and Development - The company completed 46 batches of lithium-ion battery solid electrolyte powder materials, covering 25 customers, and 43 batches of new silicon-carbon anode materials, covering 26 customers, indicating ongoing product development[13]. - The company is collaborating with the Shanghai Institute of Ceramics, Chinese Academy of Sciences, to develop solid-state battery products, with initial design work completed[13]. - Research and development expenses for the first three quarters of 2024 were CNY 30,387,313.37, an increase of 8.0% from CNY 27,976,984.56 in the same period of 2023[19]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Zhejiang New Silicon Technology Co., Ltd., with a registered capital of ¥10 million to advance the production of advanced materials[14]. - The company plans to reduce capital in several subsidiaries to optimize asset structure and improve resource allocation[14]. - The company's long-term equity investments increased to ¥108.86 million from ¥94.18 million, reflecting a growth of approximately 15.6%[15]. Inventory and Receivables - Accounts receivable decreased to ¥330.51 million from ¥367.73 million, a reduction of about 10.1%[15]. - The inventory increased to ¥102.36 million from ¥82.43 million, marking a rise of approximately 24.2%[15]. - The company reported a significant increase in other current assets to ¥159.44 million from ¥98.22 million, an increase of about 62.2%[15]. - The total current assets as of September 30, 2024, amounted to ¥963.46 million, a slight decrease from ¥999.44 million at the end of 2023[15].