GGEC(002045)2024-10-22 10:09Revenue and Profit - Revenue for Q3 2024 reached ¥2,661,738,601.26, an increase of 45.71% year-over-year[2] - Net profit attributable to shareholders decreased by 43.78% to ¥139,289,415.80 compared to the same period last year[2] - Net profit excluding non-recurring items increased by 20.26% to ¥128,361,305.26[2] - The net profit for Q3 2024 was CNY 244,570,569.71, a decrease of 21.7% compared to CNY 312,373,406.20 in Q3 2023[20] - The total operating revenue for Q3 2024 reached ¥5,698,560,721.12, an increase of 31.9% compared to ¥4,324,367,340.03 in the same period last year[19] - The net profit attributable to the parent company was ¥1,454,157,876.41, compared to ¥1,210,027,980.07 in the previous year, marking a growth of 20.2%[18] - The total comprehensive income attributable to the parent company was CNY 237,530,720.19, down from CNY 317,476,851.34 in Q3 2023[20] Assets and Liabilities - Total assets as of the end of the reporting period were ¥9,927,011,990.98, a 41.95% increase from the end of the previous year[2] - The company's total assets increased to ¥9,927,011,990.98 from ¥6,993,414,180.59, representing a growth of 42.5%[18] - The company's total liabilities grew to ¥5,738,910,828.70 from ¥3,044,561,661.47, an increase of 88.5%[18] - The total equity attributable to shareholders reached ¥4,184,863,580.23, up from ¥3,946,055,610.44, reflecting a growth of 6.0%[18] Cash Flow - Cash flow from operating activities showed a net amount of ¥158,747,919.90, down 78.42% year-over-year[2] - The cash flow from operating activities showed a net increase of CNY 158,747,919.90, significantly lower than CNY 735,461,635.78 in the previous year[21] - The company reported a net cash outflow from investing activities of CNY 1,368,634,626.96, compared to a smaller outflow of CNY 23,744,098.01 in Q3 2023[22] - Cash flow from financing activities resulted in a net inflow of CNY 1,246,631,246.35, a turnaround from a net outflow of CNY 417,752,498.70 in the same quarter last year[22] Inventory and Expenses - The company reported a 93% increase in inventory due to expanded operational scale[5] - The company experienced a 58% increase in sales expenses, primarily driven by rising employee costs and business expenses[8] - Research and development expenses increased by 43% as the company enhanced its core competitiveness[8] - Research and development expenses for the quarter were ¥291,491,188.56, compared to ¥203,316,528.78, showing an increase of 43.3%[19] - Cash paid to employees increased by 40% year-on-year, reflecting higher employee compensation[10] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 300% year-on-year, driven by higher payments for land, infrastructure, and production equipment[10] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 55,667[12] - The top ten shareholders collectively hold 49.66% of the shares, with Shenzhen Zhidu Guoguang Investment Development Co., Ltd. holding 11.11%[12] - The company’s repurchase account held 16,600,696 shares as of September 30, 2024[14] Other Financial Metrics - The company’s weighted average return on equity decreased by 7.30 percentage points to 3.38%[2] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.44, down from CNY 0.69 in Q3 2023[21] - The operating profit for Q3 2024 was CNY 240,984,043.24, down from CNY 310,849,194.04 in Q3 2023, reflecting a decline of approximately 22.5%[20] - Net exposure hedging income increased by 100% year-on-year, with no losses from effective hedging in the current period[9] - Credit impairment losses increased by 67% year-on-year, primarily due to a decrease in the reversal of bad debt provisions for accounts receivable[9] - Asset impairment losses decreased by 57% year-on-year, mainly due to a reduction in inventory write-down provisions[9] - Cash received from other operating activities increased by 276% year-on-year, primarily from the recovery of bank acceptance bill deposits[10] - Cash received from investment income increased by 191% year-on-year, mainly due to higher returns from financial products[10] - The company experienced a decrease in other comprehensive income, reporting a net loss of CNY 6,599,176.15 compared to a gain of CNY 5,324,058.80 in the previous year[20]