森麒麟(002984) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥2,230,358,052.51, an increase of 1.13% year-on-year, while the revenue for the year-to-date period was ¥6,340,085,577.66, reflecting a growth of 10.42% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥648,414,617.46, a significant increase of 67.48% year-on-year, with year-to-date net profit reaching ¥1,725,743,010.89, up 73.72% from the previous year[3]. - The basic earnings per share for Q3 2024 was ¥0.80, representing a 37.93% increase year-on-year, while the diluted earnings per share was ¥0.78, up 41.82% compared to the same period last year[3]. - The total operating revenue for Q3 2024 reached ¥6,340,085,577.66, an increase of 10.43% compared to ¥5,742,034,622.35 in the same period last year[24]. - The net profit for Q3 2024 was ¥1,725,743,010.89, up 73.69% from ¥993,389,711.44 in Q3 2023[25]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 1,666,951,887.94, compared to CNY 1,145,874,993.62 in Q3 2023, representing an increase of approximately 45.5%[26]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥16,780,873,222.07, an increase of 7.23% from the end of the previous year[3]. - The total assets increased to ¥16,780,873,222.07, compared to ¥15,649,926,492.85 at the end of the previous period, reflecting a growth of 7.21%[24]. - The total liabilities rose to ¥3,981,578,364.89, an increase from ¥3,863,631,434.10, marking a growth of 3.06%[24]. - The company's equity attributable to shareholders increased to ¥12,799,294,857.18, reflecting an 8.59% growth compared to the end of the previous year[3]. - The company's net assets reached CNY 13,015.47 million, growing by 10.43% from the end of last year[9]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥1,521,995,657.95, showing a slight decrease of 1.52% compared to the same period last year[3]. - Net cash flow from operating activities for Q3 2024 was CNY 1,521,995,657.95, slightly down from CNY 1,545,420,737.60 in Q3 2023, indicating a decrease of about 1.5%[28]. - Cash inflow from operating activities totaled CNY 6,768,042,436.43 in Q3 2024, compared to CNY 5,709,596,574.62 in Q3 2023, marking an increase of approximately 18.5%[28]. - The company reported a net decrease in cash and cash equivalents of CNY 700,844,569.22 for Q3 2024, contrasting with a net increase of CNY 3,510,638,376.11 in Q3 2023[28]. - The total cash and cash equivalents at the end of Q3 2024 stood at CNY 3,127,129,943.69, down from CNY 5,289,748,521.51 at the end of Q3 2023[28]. Investments and Projects - The company reported a significant increase in construction in progress, which rose by 322.45% to ¥1,819,387,382.54, primarily due to increased investment in the Morocco project[6]. - The company changed the use of raised funds from a project in Spain to a new project in Morocco, maintaining the annual production capacity of 12 million high-performance tires[16]. - The company experienced a 100% increase in short-term loans, reaching ¥74,200,000, to support production and operations[6]. - The company reported a significant increase in investment income, amounting to ¥7,064,867.62 compared to ¥7,880,318.75 in the previous year[25]. Shareholder Actions - The company completed the repurchase of 5,205,569 shares, which were subsequently canceled, reducing registered capital[10]. - A further repurchase of 5,239,000 shares was completed in 2024, with these shares also canceled[12]. - The 2023 annual profit distribution plan was approved, with a cash dividend of 4.1 CNY per 10 shares (including tax) and a capital reserve conversion of 4 shares for every 10 shares held, implemented on April 19, 2024[15]. Market and Regulatory Environment - The final ruling of the U.S. Department of Commerce on the anti-dumping investigation of passenger car and light truck tires from Thailand resulted in a separate tax rate of 1.24% for the company's subsidiary, significantly lower than the original rate, enhancing its competitiveness and profitability[13]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[9]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[25].