Navitas Technology (688690) disclosed its third quarter report for 2024 on October 30. In the first three quarters, the company achieved operating income of 550 million yuan, a year-on-year increase of 21.85%; the net profit attributable to the parent company was 42.0043 million yuan, a year-on-year increase of 7.75%; deducted non-net profit of 26.8835 million yuan, a year-on-year increase of 27.32%; the net cash flow from operating activities was 30.1233 million yuan, a year-on-year decrease of 1.19%; During the reporting period, Navitas' basic earnings per share was 0.1045 yuan, and the weighted average return on equity was 2.47%.

Based on the closing price on October 29, Navitas currently has a price-to-earnings ratio (TTM) of about 116.88x, a price-to-book ratio (LF) of about 4.88x, and a price-to-sales ratio (TTM) of about 12.21x.

According to the data, the company's main chromatography packing materials/chromatography media microspheres, chromatography columns, and core microspheres.

In terms of profitability, the company's weighted average return on equity in the first three quarters of 2024 was 2.47%, an increase of 0.04 percentage points year-on-year. The company's return on invested capital in the first three quarters of 2024 was 2.2%, an increase of 0.57 percentage points from the same period last year.

In the first three quarters of 2024, the company's net cash flow from operating activities was 30.1233 million yuan, a year-on-year decrease of 1.19%; The net cash flow from financing activities was -157 million yuan, a decrease of 151 million yuan year-on-year, and the net cash flow from investment activities was 41.2351 million yuan, compared with -29.885 million yuan in the same period last year.

In terms of major changes in assets, as of the end of the third quarter of 2024, the company's fixed assets increased by 72.29% from the end of the previous year, accounting for 9 percentage points of the company's total assets; The non-current assets due within one year decreased by 52.54% from the end of the previous year, accounting for 7.75 percentage points of the company's total assets, monetary funds decreased by 25.2% from the end of the previous year, accounting for 4.72 percentage points of the company's total assets, and debt investment decreased by 66.32% from the end of the previous year, accounting for 4.43 percentage points of the company's total assets.

In terms of major changes in liabilities, as of the end of the third quarter of 2024, the company's long-term borrowings decreased by 91.34% from the end of the previous year, accounting for 6.29 percentage points of the company's total assets, notes payable and accounts payable increased by 131.43% from the end of the previous year, accounting for 1.83 percentage points of the company's total assets, other current liabilities increased by 183.97% from the end of the previous year, accounting for 0.57 percentage points of the company's total assets, and leasing liabilities decreased by 34.92% from the end of the previous year. The proportion of the company's total assets decreased by 0.51 percentage points.

For the first three quarters of 2024, the company has a current ratio of 3.72 and a quick ratio of 2.64.

The third quarterly report shows that among the top ten circulating shareholders of the company at the end of the third quarter of 2024, Shenzhen Navitas Technology Co., Ltd. holds the largest shareholding, accounting for 19.34%. In terms of specific shareholding ratio, Feng Zhihao's shareholding has increased.

Proofreading: Shen Nan

Indicator Annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.