Three Squirrels(300783)2024-10-28 08:11Financial Performance - The company's revenue for Q3 2024 reached ¥2,094,571,842.82, representing a 24.03% increase year-over-year[3]. - Net profit attributable to shareholders was ¥51,532,400.38, a significant increase of 221.89% compared to the same period last year[3]. - The net profit after deducting non-recurring gains and losses was ¥38,115,242.57, reflecting a 210.13% increase year-over-year[3]. - Total operating revenue for Q3 2024 reached ¥7,169,130,106.63, a significant increase from ¥4,582,139,960.67 in Q3 2023, representing a growth of approximately 56.5%[12]. - Net profit for Q3 2024 was ¥341,204,254.45, compared to ¥169,626,593.62 in Q3 2023, indicating a year-over-year increase of about 101.5%[13]. - Operating profit for Q3 2024 was ¥407,376,899.28, up from ¥209,700,984.94 in the same period last year, reflecting a growth of approximately 94.4%[12]. - The company reported a total comprehensive income of ¥341,204,254.45 for Q3 2024, compared to ¥169,626,593.62 in Q3 2023, indicating a strong performance in overall profitability[13]. - Basic earnings per share for Q3 2024 were ¥0.86, compared to ¥0.42 in Q3 2023, marking an increase of 104.8%[13]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,588,060,420.69, a decrease of 17.23% from the end of the previous year[3]. - The company's total liabilities decreased to approximately CNY 1.45 billion, down from CNY 1.55 billion, indicating a reduction of 6.5%[10]. - Total assets as of Q3 2024 amounted to ¥4,588,060,420.69, down from ¥5,543,066,058.24 at the end of the previous period[11]. - Total liabilities decreased to ¥1,785,505,804.89 from ¥3,029,197,797.82, showing a reduction of about 41.1%[11]. - The company's long-term equity investments decreased to approximately CNY 20.16 million from CNY 21.24 million, a decline of 5.1%[10]. - Fixed assets decreased to approximately CNY 493.83 million from CNY 506.75 million, reflecting a decrease of 2.5%[10]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥31,803,595.91, down 86.82% compared to the previous year[3]. - The total cash inflow from operating activities for the current period reached ¥8,299,266,848.44, a significant increase from ¥5,274,766,742.40 in the previous period, representing a growth of approximately 57.4%[14]. - The net cash flow from operating activities was ¥31,803,595.91, compared to ¥241,303,885.12 in the same period last year, indicating a decline of about 86.8%[14]. - Cash inflow from investment activities amounted to ¥2,145,286,324.64, slightly up from ¥2,116,764,515.15 in the previous year[14]. - The net cash flow from investment activities was ¥254,111,525.13, a recovery from a negative cash flow of -¥127,622,895.15 in the previous year[14]. - Cash inflow from financing activities totaled ¥363,165,201.24, down from ¥748,149,222.23 in the previous year, reflecting a decrease of approximately 51.5%[15]. - The net cash flow from financing activities was -¥276,778,396.75, compared to a positive cash flow of ¥92,052,633.68 in the same period last year[15]. - The ending balance of cash and cash equivalents was ¥321,980,924.57, down from ¥368,412,225.80 in the previous year[15]. Current Assets - As of September 30, 2024, the total current assets amounted to approximately CNY 3.34 billion, a decrease of 22.9% from the beginning of the period[10]. - The cash and cash equivalents increased to approximately CNY 333.83 million from CNY 327.72 million, reflecting a slight growth of 1.7%[10]. - Accounts receivable decreased significantly to approximately CNY 449.93 million, down 24.2% from CNY 594.04 million at the beginning of the period[10]. - Inventory decreased to approximately CNY 656.39 million, down 52.7% from CNY 1.39 billion at the beginning of the period[10]. - The total non-current assets decreased to approximately CNY 1.06 billion, down from CNY 1.08 billion, indicating a decline of 2.1%[10]. - The company's total assets decreased to approximately CNY 4.40 billion from CNY 5.41 billion, a decline of 19.2%[10]. Strategic Initiatives - The company plans to expand its supply chain with a new centralized base in the northern region, contributing to future growth[7]. - The company experienced a notable increase in promotional expenses, indicating a strategic focus on marketing and brand awareness[7]. - The company reported a significant increase in trading financial assets, up 309.08% from the previous year-end, primarily due to the purchase of wealth management products[7]. Research and Development - Research and development expenses for Q3 2024 were ¥18,050,806.77, slightly down from ¥18,738,803.49 in Q3 2023, suggesting a focus on cost control in R&D[12].