共进股份(603118) - 2024 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2024 was ¥2,055,117,140.22, a decrease of 10.84% compared to the same period last year[2] - Net profit attributable to shareholders was ¥30,160,400.89, a significant decline of 92.37% year-to-date[2] - The basic earnings per share for the current period was ¥0.04, down 91.30% year-to-date[3] - In Q3 2024, the company's revenue was 2.055 billion RMB, a decrease of 10.84% year-over-year and a decrease of 0.72% quarter-over-quarter[11] - The net profit attributable to shareholders in Q3 2024 was 30.16 million RMB, an increase of 52.57 million RMB compared to the same period last year, and an increase of 52.69 million RMB compared to Q2 2024[11] - The gross margin for Q3 2024 was 12.54%, an increase of 1.87 percentage points year-over-year and an increase of 0.70 percentage points quarter-over-quarter[12] - The net profit margin for Q3 2024 was 1.47%, showing improvement in profitability both year-over-year and quarter-over-quarter[12] - Net profit for the first three quarters of 2024 was CNY 2,863,314.42, a significant decline from CNY 169,319,820.14 in the same period of 2023[18] - The company's net profit for the first three quarters of 2024 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability[26] - The net profit for Q3 2024 reached CNY 144,951,677.60, an increase from CNY 122,312,346.68 in Q3 2023, representing a growth of approximately 18.5%[27] - Operating profit for Q3 2024 was CNY 144,627,538.00, compared to CNY 125,633,524.18 in the same period last year, indicating a year-over-year increase of about 15.1%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,344,663,959.72, representing an 8.52% decrease from the previous year[3] - The company's total assets decreased to CNY 9,344,663,959.72 from CNY 10,214,476,693.90 year-over-year[16] - Total liabilities decreased to CNY 4,296,760,394.37 from CNY 5,080,737,338.78 compared to the previous year[16] - Non-current liabilities totaled CNY 159,053,996.68, down from CNY 408,715,050.07 in the previous year[16] - The total equity attributable to shareholders of the parent company was CNY 5,047,903,565.35, down from CNY 5,140,731,801.28 in the previous year[16] - Total assets decreased to CNY 9,803,354,350.93 as of September 30, 2024, from CNY 10,170,405,723.66 at the end of 2023, reflecting a reduction of approximately 3.6%[24] - The company's total liabilities decreased to CNY 5,141,112,719.30 from CNY 5,540,342,780.27, a reduction of about 7.2%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥302,463,966.72, a decline of 189.37%[7] - Net cash flow from operating activities for the first three quarters of 2024 was negative CNY 302.46 million, compared to positive CNY 338.44 million in the same period of 2023[21] - The net cash flow from operating activities in Q3 2024 was CNY 750,059,691.58, a significant improvement compared to a net outflow of CNY -901,106,139.01 in Q3 2023[30] - Cash flow from operating activities for the first nine months of 2024 was CNY 9,005,179,283.76, up from CNY 7,287,047,849.46 in the first nine months of 2023, reflecting a growth of approximately 23.6%[28] - The company reported a decrease in cash inflow from operating activities, totaling CNY 5.72 billion in the first three quarters of 2024, down from CNY 7.04 billion in the same period of 2023[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 54,159[8] - Major shareholders include Tang Fonan with 20.84% and Wang Davi with 19.88% of shares[8] Internal Control and Compliance - The company has identified internal control deficiencies related to employee compensation calculations, but this does not affect the achievement of internal control objectives for 2023[13] - The company is actively cooperating with investigations and has established a task force to address the identified internal control issues[13] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 272,761,607.28, slightly up from CNY 266,885,468.69 in the same period of 2023[18] - Research and development expenses for the first three quarters of 2024 were CNY 173,622,680.90, a slight decrease from CNY 177,851,693.14 in the same period of 2023[26] Market and Strategic Focus - Revenue from the automotive electronics business exceeded 130 million RMB in the first three quarters, doubling compared to the same period last year[12] - The company is focusing on expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[32] - The company plans to continue its strategy of enhancing operational efficiency and exploring potential mergers and acquisitions to drive growth[32]