Financial Performance - The company's revenue for Q3 2024 reached ¥1,686,501,854.45, an increase of 10.97% compared to the same period last year[2] - Net profit attributable to shareholders was ¥190,800,461.04, reflecting a growth of 19.02% year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥186,198,171.53, up 17.20% from the previous year[2] - Basic earnings per share were ¥0.65, representing a 20.37% increase compared to the same period last year[2] - The company reported a 156.09% increase in net profit attributable to shareholders for the year-to-date period, totaling ¥617,451,411.41[2] - Total revenue for Q3 2024 reached CNY 4,889,154,064.91, an increase of 23.0% compared to CNY 3,971,289,160.52 in the same period last year[14] - Net profit attributable to shareholders reached CNY 2,231,646,895.38, compared to CNY 2,075,177,490.69 in the previous year, marking an increase of 7.5%[13] - The net profit for Q3 2024 was CNY 617,451,411.41, a significant increase from CNY 240,616,529.94 in Q3 2023, representing a growth of approximately 156.5%[15] - Operating profit reached CNY 779,063,851.23, compared to CNY 344,487,894.06 in the same period last year, indicating an increase of about 126.5%[15] - Total revenue from operating activities was CNY 5,275,052,337.84, up from CNY 4,184,248,035.58, reflecting a growth of approximately 26.0% year-over-year[17] - Basic and diluted earnings per share for Q3 2024 were both CNY 2.1, compared to CNY 0.74 in Q3 2023, marking an increase of about 184.0%[16] - The company reported a total comprehensive income of CNY 585,699,924.77 for Q3 2024, compared to CNY 346,009,573.89 in Q3 2023, which is an increase of about 69.2%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,268,062,605.83, a 4.44% increase from the end of the previous year[2] - Total assets as of September 30, 2024, amounted to CNY 10,268,062,605.83, up from CNY 9,831,100,993.40 at the beginning of the year, reflecting a growth of 4.4%[12] - Current assets increased to CNY 6,627,436,344.92, compared to CNY 6,388,588,268.99 at the start of the year, representing a rise of 3.7%[12] - Total liabilities increased to CNY 1,646,992,894.23, up from CNY 1,311,980,926.26, indicating a growth of 25.5%[12] Cash Flow - The company's cash flow from operating activities showed a significant decline of 82.56%, totaling ¥85,239,762.70[2] - The cash flow from operating activities was CNY 85,239,762.70, a decrease from CNY 488,696,926.40 in the previous year, indicating a decline of approximately 82.5%[17] - The company's cash and cash equivalents decreased to CNY 3,066,828,730.50 from CNY 3,760,067,194.00, a decline of 18.5%[12] - Cash and cash equivalents at the end of Q3 2024 were CNY 3,043,535,725.89, down from CNY 3,755,877,195.15 at the end of Q3 2023, representing a decrease of approximately 18.9%[18] - The company incurred a total of CNY 368,862,514.66 in cash outflows from investing activities, compared to CNY 750,339,106.73 in the previous year, indicating a reduction of about 50.9%[18] - The net cash flow from financing activities was -CNY 422,756,406.64, slightly worse than -CNY 406,868,831.52 in Q3 2023, showing a decline of about 3.9%[18] Production and Capacity - Inventory increased by 34.62% to ¥2,649,350,710.22, attributed to the growth in cobalt production capacity[5] - As of September 30, 2024, the company has completed the construction and commissioning of production lines for cobalt (20,000 tons), nickel (10,000 tons), manganese (6,820 tons), and lithium carbonate (5,000 tons) as part of its capacity expansion project[10] - The overall production capacity has reached 26,500 tons for cobalt, 10,000 tons for nickel, 10,000 tons for manganese, and 5,000 tons for lithium carbonate[10] - The company has completed project filing for additional production lines for cobalt (3,000 tons) and nickel (40,000 tons), which are currently undergoing approval procedures[10] Shareholder Information - The company held its first extraordinary general meeting of shareholders on September 11, 2024, where the 2024 Employee Stock Ownership Plan was approved, with a duration of 48 months[10] - The total number of ordinary shareholders at the end of the reporting period was 29,246[9] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Luo Jie, owning 66,093,066 shares[9] - The company has not reported any changes in the number of restricted shares during the period, maintaining a total of 126,836,056 restricted shares[9] - The company’s major shareholders include state-owned enterprises and private entities, indicating a diverse ownership structure[9] - The company has not disclosed any related party transactions among the top shareholders, except for known relationships[9] - The company’s stock repurchase account holds 4,944,347 shares, reflecting its strategy to manage share value[9] Government Support and Future Plans - The company received government subsidies amounting to ¥3,165,743.93 during the reporting period[3] - The company plans to expand its market presence and invest in new product development to drive future growth[14]
腾远钴业(301219) - 2024 Q3 - 季度财报