Kuncai Technology(603826)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 was ¥261,702,571.54, representing a year-on-year increase of 23.01%[2] - The net profit attributable to shareholders for Q3 2024 was ¥16,243,980.29, a decrease of 41.30% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,293,817.28, down 50.20% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.0248, reflecting a decline of 41.30% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥793,607,978.93, an increase of 21.8% compared to ¥651,418,809.86 in the same period of 2023[17] - Net profit for the first three quarters of 2024 was ¥64,756,541.71, a decrease of 7.9% from ¥69,606,468.02 in the previous year[18] - The total comprehensive income for the first three quarters of 2024 was ¥61,459,714.00, down from ¥77,914,262.50 in 2023[18] - Basic earnings per share for the first three quarters of 2024 were ¥0.0922, compared to ¥0.0993 in the same period of 2023[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,861,061,121.83, an increase of 11.88% from the end of the previous year[4] - Current assets totaled CNY 1,680,880,546.51, up from CNY 1,335,019,079.88, indicating a growth of about 25.8%[14] - Total liabilities reached CNY 2,945,333,909.92, up from CNY 2,442,902,201.12, reflecting an increase of about 20.5%[15] - Owner's equity totaled CNY 1,915,727,211.91, slightly up from CNY 1,901,824,226.00, indicating a growth of approximately 0.7%[15] - The non-current assets increased to CNY 3,180,180,575.32 from CNY 3,009,707,347.24, showing a growth of approximately 5.67%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥48,614,271.54, a significant decrease of 252.66%[2] - Cash flow from operating activities showed a net outflow of ¥48,614,271.54, contrasting with a net inflow of ¥31,845,005.36 in the same period last year[19] - The net increase in cash and cash equivalents for the first three quarters of 2024 was approximately 65.47 million in the same period of 2023[20] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was approximately 95.82 million at the end of the third quarter of 2023[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 13,580[8] - The largest shareholder, Xie Bingkun, holds 320,716,673 shares, representing 48.95% of the total shares[10] - The second-largest shareholder, Xie Chao, holds 57,426,792 shares, representing 8.76% of the total shares[10] - The total shares held by the top 10 shareholders account for a significant portion of the company's equity, with the top three shareholders alone holding over 60%[12] - There are no changes in the top 10 shareholders due to securities lending or repayment during the reporting period[12] Operational Insights - The company reported a decrease in net profit primarily due to operating revenue growth being lower than total operating costs[7] - The company has not reported any significant operational issues during the reporting period[12] Expenses and Investments - Total operating costs increased to ¥725,627,156.34, up 25.7% from ¥577,619,639.38 year-on-year[17] - Research and development expenses rose to ¥28,156,697.84, representing an increase of 16.5% compared to ¥24,252,694.77 in 2023[17] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets in the first three quarters of 2024 was approximately 394.11 million in the same period of 2023[20] Financing Activities - Cash inflow from financing activities totaled approximately 802.36 million in the same period of 2023[20] - Cash outflow for debt repayment was approximately 336.17 million in the same period of 2023, indicating a substantial increase in debt servicing[20] - The company reported a total cash outflow from financing activities of approximately 380.17 million in the same period of 2023[20] Accounting Changes - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[21]