Financial Performance - Operating revenue for the first nine months of 2024 was CNY 509,778,977.44, reflecting an increase of 11.42% from CNY 457,528,201.82 in the same period of 2023[5] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 45,824,121.42, a decrease of 12.71% compared to CNY 52,496,424.38 in the previous year[5] - The company reported a basic earnings per share of CNY 0.28 for the first nine months of 2024, down 15.15% from CNY 0.33 in the previous year[5] - The weighted average return on equity based on net profit attributable to shareholders was 4.79%, down from 6.15% in the same period last year[5] - The company's net profit margin has been impacted by increased operating costs, particularly in sales and management expenses, which were ¥8,379,076.63 and ¥25,484,378.75 respectively[26] - The total profit for the first nine months of 2024 was ¥76,864,688.86, compared to ¥86,679,475.59 in 2023, marking a decrease of around 11.3%[27] - The company's operating profit for the first nine months of 2024 was ¥73,907,677.33, down from ¥84,199,104.49 in the same period last year, a decline of approximately 12.2%[27] - The total comprehensive income for the first nine months of 2024 was ¥60,716,972.34, compared to ¥69,291,235.49 in 2023, representing a decrease of about 12.3%[27] Assets and Liabilities - Total assets as of September 30, 2024, reached CNY 1,550,872,931.56, an increase of 12.57% compared to CNY 1,377,744,795.57 at the end of 2023[4] - The company's total liabilities to assets ratio (consolidated) increased to 32.48% from 27.28% year-on-year[4] - The company’s total liabilities increased to RMB 503,648,327.22 from RMB 375,911,648.33, indicating a rise of approximately 33.9%[20] - The company’s non-current assets increased to RMB 682,479,419.61 from RMB 620,504,783.38, showing a growth of approximately 10%[20] - Current assets totaled RMB 868,393,511.95, up from RMB 757,240,012.19, indicating an increase of about 14.7% year-over-year[19] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was CNY -8,126,671.05, showing a slight improvement of 0.52% from CNY -8,169,033.46 in the same period of 2023[5] - Net cash flow from investing activities decreased by 16.87% to -¥53,740,528.32, primarily due to increased cash expenditures on construction projects[8] - Net cash flow from financing activities increased by 16.78% to ¥129,947,696.56, mainly due to increased loans[8] - Cash inflow from operating activities for the first nine months of 2024 was CNY 403,281,249.07, a decrease of 11.3% compared to CNY 454,514,905.57 in the same period of 2023[31] - Cash inflow from investment activities increased significantly to CNY 141,244,333.94 in 2024, compared to CNY 57,165,516.01 in 2023, marking a growth of 147.0%[33] - Cash inflow from financing activities reached CNY 262,400,000.00, up from CNY 88,700,000.00 in the same period last year[33] Expenses - Sales expenses for the current period increased by 53.60% to CNY 8,379,076.63, driven by higher overseas sales and competitive market conditions[7] - R&D expenses decreased by 31.51% to ¥8,669,428.56 due to reduced investment in projects compared to the same period last year[8] - Financial expenses increased by 161.25% to ¥4,192,148.98 primarily due to increased bank loans and related interest expenses[8] - Research and development expenses for the first nine months of 2024 were ¥8,669,428.56, down from ¥11,614,703.03 in the previous year, indicating a reduction of approximately 25.5%[29] Other Income and Investments - Other income surged by 1,154.53% to ¥2,925,114.86, attributed to new input tax deductions[8] - The company plans to invest up to RMB 150 million in related party transactions for the year 2024, with actual transactions amounting to RMB 1,587,233.08 in the current period[16] - The company is in the process of acquiring a 70% stake in Haicheng Haiming Mining Co., with the transaction expected to be valued at no more than RMB 500 million[18] - The company recorded other income of ¥3,151,001.36, an increase from ¥2,691,241.13 in the same period last year, reflecting a growth of about 17.1%[27]
东和新材(839792) - 2024 Q3 - 季度财报