SUNSTONE(603612)2024-10-23 10:37Financial Performance - The company's operating revenue for Q3 2024 was ¥3,443,927,850.80, a decrease of 9.38% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥185,261,311.15, an increase of 141.24% year-on-year[2]. - Basic earnings per share for Q3 2024 was ¥0.34, reflecting a 142.86% increase compared to the same period last year[2]. - The total profit for Q3 2024 is CNY 410,468,511.61, compared to a loss of CNY 504,338,393.20 in Q3 2023[23]. - The net profit attributable to shareholders of the parent company is CNY 216,612,026.81, recovering from a loss of CNY 331,871,418.51 in the same period last year[23]. - Basic and diluted earnings per share for Q3 2024 are CNY 0.40, compared to a loss of CNY 0.69 per share in Q3 2023[24]. - Operating profit for the first three quarters of 2024 was CNY 417,475,908.00, a significant recovery from a loss of CNY 491,216,064.26 in the same period of 2023[22]. - Total operating revenue for the first three quarters of 2024 was CNY 9,919,189,682.73, a decrease of 16.8% compared to CNY 11,930,003,883.70 in the same period of 2023[21]. Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥18,028,643,376.10, representing a 4.94% increase from the end of the previous year[4]. - Non-current assets totaled CNY 8,386,005,840.24, an increase of 4.8% from CNY 8,003,930,554.07 year-over-year[20]. - Total liabilities increased to CNY 10,790,873,267.77, up 11.9% from CNY 9,642,358,847.67 in the previous year[20]. - Short-term borrowings rose to CNY 3,609,241,696.16, an increase of 20.5% compared to CNY 2,995,602,535.89 in the same period last year[20]. - Long-term borrowings increased to CNY 3,204,999,086.30, up 10.7% from CNY 2,895,198,133.20 year-over-year[20]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 95.95% to ¥24,153,264.14[2]. - Cash flow from operating activities for the first three quarters of 2024 is CNY 24,153,264.14, a significant decrease from CNY 597,061,811.27 in the previous year[25]. - Total cash inflow from operating activities is CNY 9,524,138,268.03, down from CNY 10,919,077,038.16 in the same period last year[24]. - Cash outflow from investing activities is CNY 587,489,364.55, compared to CNY 1,154,023,219.84 in the previous year, indicating a reduction in investment expenditures[25]. - Net cash flow from financing activities is CNY 658,014,031.63, down from CNY 1,283,948,847.85 in the previous year, reflecting a decrease in financing activities[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,108[10]. - The largest shareholder, Lang Guanghui, holds 82,434,966 shares, representing 15.24% of total shares[10]. - The top ten shareholders include significant institutional investors, such as Guotai Junan and China Life Insurance, indicating strong institutional support[12]. - There are no significant changes in the shareholding structure due to margin trading activities reported this quarter[15]. Operational Highlights - The company reported a loss of approximately ¥66 million in the negative electrode business during the reporting period[9]. - The production lines for 340,000 tons of prebaked anodes and 300,000 tons of calcined coke have been put into operation, leading to increased raw material procurement payments[9]. - Research and development expenses for the first three quarters of 2024 were CNY 112,991,107.25, a decrease of 25.0% from CNY 150,601,989.70 in the same period of 2023[22]. - The company has not reported any new strategies or major product developments in this quarter[16]. - The company has not executed new accounting standards or interpretations affecting the financial statements for the year of first execution[27]. Income and Expenses - Total operating costs for the first three quarters of 2024 were CNY 9,557,035,089.12, down 20.1% from CNY 12,094,321,488.14 in the previous year[22]. - Deferred income tax liabilities were CNY 52,679,305.71, a slight decrease from CNY 55,968,455.95 in the previous year[20]. - The company's total comprehensive income for Q3 2024 is CNY 344,365,885.96, compared to a loss of CNY 444,854,170.87 in Q3 2023[23]. - The company's cash and cash equivalents as of September 30, 2024, amount to ¥2,740,635,090.70, an increase from ¥2,568,895,740.74 at the end of 2023[17]. - Accounts receivable decreased to ¥1,952,736,632.00 from ¥2,020,197,481.82 in the previous period[17]. - Inventory increased to ¥2,905,696,622.33 from ¥2,514,905,410.95[17]. - Total current assets reached ¥9,642,637,535.86, up from ¥9,175,782,720.97[17].