BAMC(601137)2024-10-24 08:42Revenue and Profit Growth - Revenue for the third quarter reached 5,716,523,205.72 yuan, a year-on-year increase of 19.59%[2] - Net profit attributable to shareholders of the listed company for the third quarter was 459,947,461.54 yuan, up 38.91% year-on-year[2] - Revenue from the beginning of the year to the end of the reporting period was 14,588,763,717.30 yuan, a year-on-year increase of 16.48%[2] - Net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period was 1,097,542,782.68 yuan, up 38.81% year-on-year[2] - Total revenue for the first three quarters of 2024 reached RMB 14,588,763,717.30, a 16.5% increase compared to RMB 12,524,303,047.12 in the same period of 2023[15] - Operating profit for the first three quarters of 2024 was RMB 1,235,915,189.96, up 32.3% from RMB 934,417,093.10 in the same period of 2023[15] - Net profit attributable to parent company owners for Q3 2024 was RMB 4,079,477,382.86, a 22.4% increase from RMB 3,333,173,941.68 in the previous year[13] - Net profit attributable to parent company shareholders reached 1,097,542,782.68 RMB, a significant increase from 790,687,347.12 RMB in the previous year[16] - Net profit for the first three quarters of 2024 was 447.5 million yuan, an increase from 344.05 million yuan in the same period last year[22] - Revenue for the first three quarters of 2024 was 5.89 billion yuan, up from 5.63 billion yuan in the same period last year[22] Asset and Liability Changes - Total assets as of the end of the reporting period were 17,252,836,473.72 yuan, an increase of 5.54% compared to the end of the previous year[4] - Total assets as of Q3 2024 amounted to RMB 17,252,836,473.72, a 5.5% increase from RMB 16,347,712,590.75 in the previous year[12] - Fixed assets increased to RMB 4,130,076,491.82 in Q3 2024, up 5.3% from RMB 3,923,086,643.08 in the previous year[12] - Construction in progress increased by 141.83% due to the expansion of new energy projects and the 20,000-ton special alloy electronic material wire production line[7] - Construction in progress surged to RMB 2,045,875,239.85 in Q3 2024, a 141.8% increase from RMB 845,980,837.72 in the previous year[12] - Total liabilities for Q3 2024 were RMB 9,496,273,172.47, a 2.8% increase from RMB 9,239,882,448.78 in the previous year[13] - Short-term borrowings rose to RMB 1,873,343,827.11 in Q3 2024, a 13.7% increase from RMB 1,647,506,203.40 in the previous year[12] - Total assets decreased from 10.56 billion yuan to 10.39 billion yuan compared to the previous period[20][22] - Accounts receivable increased to 931.25 million yuan from 856.04 million yuan compared to the previous period[20] - Inventory increased significantly to 1.08 billion yuan from 715.51 million yuan compared to the previous period[20] - Short-term borrowings decreased slightly to 1.15 billion yuan from 1.18 billion yuan compared to the previous period[21] - Long-term equity investments remained stable at approximately 3.79 billion yuan[20] - Total liabilities decreased from 5.41 billion yuan to 5.11 billion yuan compared to the previous period[21][22] - Shareholders' equity increased to 5.28 billion yuan from 5.15 billion yuan compared to the previous period[21][22] Cash Flow and Financial Expenses - Financial expenses increased by 1,322.48% due to exchange rate fluctuations[8] - Investment activities resulted in a net cash outflow of -170.72%, mainly due to expenditures on new energy projects and the expansion of the special alloy electronic material production line[8] - Cash flow from operating activities increased to 396,076,379.13 RMB, compared to 343,974,958.82 RMB in the prior year[18] - Cash flow from investing activities showed a net outflow of 1,284,742,483.93 RMB, a significant increase from 474,569,418.41 RMB in the previous year[19] - Cash flow from financing activities had a net outflow of 216,505,916.24 RMB, compared to a net inflow of 95,265,799.97 RMB in the prior year[19] - Cash and cash equivalents at the end of the period were 1,799,473,769.62 RMB, down from 2,894,512,277.04 RMB at the beginning of the period[19] Shareholder and Equity Information - Total number of ordinary shareholders at the end of the reporting period: 39,195[9] - Top shareholder: Boway Group Co., Ltd., holding 225,568,681 shares, accounting for 28.85% of total shares[9] - Second largest shareholder: Boway Asia Pacific Limited, holding 80,000,000 shares, accounting for 10.23% of total shares[9] - No major shareholders or top 10 shareholders participated in margin trading or securities lending business during the reporting period[10] - Total equity attributable to parent company owners reached RMB 7,756,563,301.25 in Q3 2024, a 9.1% increase from RMB 7,107,830,141.97 in the previous year[13] R&D and Operational Expenses - R&D expenses for the first three quarters of 2024 were RMB 370,729,396.84, a 20.5% increase from RMB 307,738,150.45 in the same period of 2023[15] - R&D expenses increased to 213.87 million yuan in the first three quarters of 2024, compared to 193.47 million yuan in the same period last year[22] - Sales revenue from goods and services provided was 14,231,080,857.49 RMB, an increase from 13,614,135,034.67 RMB in the previous year[18] - Payments for goods and services received were 12,958,024,998.44 RMB, up from 12,733,683,001.51 RMB in the prior year[18] - Payments to employees and for employee benefits were 764,904,896.67 RMB, compared to 674,143,836.13 RMB in the previous year[18] Comprehensive Income and Earnings - Total comprehensive income for the period was 971,801,947.23 RMB, compared to 797,101,930.10 RMB in the prior year[16] - Basic and diluted earnings per share were 1.40 RMB, up from 1.00 RMB in the previous year[18] Monetary Funds and Accounts Receivable - Monetary funds as of September 30, 2024: 2,006,057,113.55 RMB, a decrease from 3,134,261,319.49 RMB at the end of 2023[11] - Accounts receivable as of September 30, 2024: 2,198,137,816.91 RMB, an increase from 1,743,584,439.75 RMB at the end of 2023[11] - Inventory as of September 30, 2024: 5,034,152,369.67 RMB, an increase from 4,780,527,160.83 RMB at the end of 2023[11] - Other current assets as of September 30, 2024: 10,587,771,844.07 RMB, a slight increase from 10,515,949,503.29 RMB at the end of 2023[11] Revenue and Profit Drivers - The increase in revenue was mainly due to growth in new material sales and rising raw material prices[7] - The increase in net profit was primarily driven by improved profitability in the new energy and new materials sectors[7]