Hexing(603556)2024-10-22 08:22Revenue and Profit Growth - Revenue for the third quarter reached RMB 1,154,829,644.02, a 16.15% increase year-over-year[2] - Net profit attributable to shareholders of the listed company was RMB 258,274,495.59, up 11.45% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 reached 3,409,583,709.51 RMB, a significant increase from 2,872,674,050.37 RMB in the same period of 2023[13] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was 791,436,965.87 RMB, up from 668,766,495.91 RMB in the same period of 2023[18] - Operating profit for the first three quarters of 2024 was 930,849,111.68 RMB, up from 747,050,897.37 RMB in the same period of 2023[17] - Comprehensive income for the first three quarters of 2024 reached 775,939,774.33 RMB, compared to 649,872,138.58 RMB in the same period last year[19] Asset and Equity Changes - Total assets as of the end of the reporting period were RMB 9,119,443,005.03, a 0.45% increase from the previous year-end[3] - The company's total assets as of September 30, 2024, amounted to 9,119,443,005.03 RMB, showing a slight increase compared to 9,075,523,750.05 RMB at the end of 2023[11] - The company's total equity attributable to shareholders of the listed company increased by 3.72% to RMB 6,879,091,985.17[3] - Total equity attributable to the parent company's shareholders as of the end of Q3 2024 was 6,879,091,985.17 RMB, up from 6,632,016,366.23 RMB at the end of Q3 2023[12] Cash Flow and Liquidity - Operating cash flow for the period was RMB 685,959,399.12, showing a slight increase of 0.25% year-over-year[3] - Net cash flow from operating activities for the first three quarters of 2024 was 685,959,399.12 RMB, slightly higher than 684,265,520.98 RMB in the same period last year[21] - Net cash flow from investing activities for the first three quarters of 2024 was -1,573,001,413.18 RMB, a significant decrease from -91,812,202.04 RMB in the same period last year[21] - Net cash flow from financing activities for the first three quarters of 2024 was -693,884,941.75 RMB, compared to -105,533,037.96 RMB in the same period last year[21] - The company's cash and cash equivalents at the end of the third quarter of 2024 were 804,490,638.13 RMB, down from 2,269,995,287.91 RMB at the end of the same period last year[22] Earnings and Shareholder Metrics - Basic earnings per share (EPS) for the quarter were RMB 0.53, a 10.42% increase compared to the same period last year[3] - Weighted average return on equity (ROE) for the quarter was 5.12%, up 1.24 percentage points from the previous year[3] - Basic and diluted earnings per share for the first three quarters of 2024 were 1.63 RMB, up from 1.38 RMB in the same period last year[19] - The company's repurchase account held 2,419,870 shares, representing 0.50% of the total shares outstanding as of September 30, 2024[10] - The top 10 shareholders collectively hold a significant portion of the company's shares, with Zhejiang Haixing Holding Group Co., Ltd. being the largest shareholder with 239,713,292 shares[9] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the period amounted to RMB 1,854,401.30, with government subsidies contributing RMB 1,674,871.18[5][6] Asset Composition and Changes - Current assets decreased to 5,448,380,108.76 RMB from 7,144,070,778.40 RMB at the end of 2023, primarily due to a reduction in monetary funds from 4,550,547,431.58 RMB to 2,635,667,627.99 RMB[10][11] - Non-current assets increased significantly to 3,671,062,896.27 RMB from 1,931,452,971.65 RMB, driven by a substantial rise in other non-current assets from 713,876,245.29 RMB to 2,441,021,442.87 RMB[11] - The company's inventory increased to 872,621,574.28 RMB from 760,905,354.70 RMB, indicating higher stock levels[10] - Accounts receivable rose slightly to 1,116,264,506.61 RMB from 1,083,782,538.54 RMB, reflecting a modest increase in sales on credit[10] - The company's fixed assets grew to 602,588,339.39 RMB from 568,833,235.62 RMB, suggesting ongoing investments in property, plant, and equipment[11] - The company's long-term equity investments increased to 36,435,620.73 RMB from 28,287,983.00 RMB, reflecting strategic investments in other entities[11] Liabilities and Debt Management - Total liabilities as of the end of Q3 2024 were 2,223,116,672.69 RMB, a decrease from 2,443,312,090.91 RMB at the end of Q3 2023[12] - Short-term borrowings decreased significantly to 40,000,000.00 RMB from 124,692,916.67 RMB, indicating improved liquidity management[11] R&D and Interest Income - R&D expenses for the first three quarters of 2024 were 234,517,270.37 RMB, an increase from 198,292,507.80 RMB in the same period of 2023[13] - Interest income for the first three quarters of 2024 was 125,165,150.53 RMB, up from 100,010,427.72 RMB in the same period of 2023[13] Tax and Comprehensive Income - Income tax expenses for the first three quarters of 2024 were 147,669,028.93 RMB, significantly higher than 83,699,319.69 RMB in the same period of 2023[17] - Total comprehensive income for the first three quarters of 2024 was -15,087,510.46 RMB, an improvement from -18,654,719.23 RMB in the same period of 2023[18] Sales and Cash Receipts - Cash received from sales of goods and services in the first three quarters of 2024 was 3,451,482,295.46 RMB, an increase from 2,931,846,815.28 RMB in the same period last year[20]