JCET(600584)2024-10-25 07:59Financial Performance - Revenue for the third quarter reached RMB 9.49 billion, a year-on-year increase of 14.95%[2] - Net profit attributable to shareholders of the listed company was RMB 457.08 million, a year-on-year decrease of 4.39%[2] - Non-recurring net profit attributable to shareholders of the listed company increased by 36.73% year-on-year, driven by improved capacity utilization and increased customer business[5] - Basic earnings per share for the third quarter were RMB 0.25, a year-on-year decrease of 3.85%[3] - Weighted average return on equity (ROE) for the first three quarters was 4.07%, an increase of 0.21 percentage points year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached 24.98 billion RMB, a 22.3% increase compared to 20.43 billion RMB in the same period of 2023[18] - Operating profit for the first three quarters of 2024 was 1.17 billion RMB, up 6.9% from 1.10 billion RMB in the same period of 2023[20] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was 1.08 billion RMB, a 10.5% increase compared to 973.66 million RMB in the same period of 2023[21] - Basic earnings per share for the first three quarters of 2024 were 0.60 RMB, an 11.1% increase compared to 0.54 RMB in the same period of 2023[21] - Operating costs for the first three quarters of 2024 were 23.86 billion RMB, a 22.2% increase compared to 19.53 billion RMB in the same period of 2023[20] - Interest income for the first three quarters of 2024 was 210.01 million RMB, a 198.7% increase compared to 70.31 million RMB in the same period of 2023[20] Cash Flow - Operating cash flow for the first three quarters reached RMB 3.93 billion, a year-on-year increase of 29.70%[2] - Sales of goods and services received cash of RMB 25.6 billion, a 23.5% increase compared to RMB 20.74 billion in the same period last year[22] - Net cash flow from operating activities increased to RMB 3.93 billion, up 29.7% from RMB 3.03 billion in the previous year[22] - Cash received from tax refunds rose to RMB 336.81 million, a 26% increase from RMB 267.39 million in 2023[22] - Cash paid for goods and services increased to RMB 17.99 billion, up 25.9% from RMB 14.29 billion in the same period last year[22] - Cash received from investment returns decreased to RMB 29.67 million, a 56% drop from RMB 67.48 million in 2023[22] - Cash used for investment activities increased to RMB 16.96 billion, up 24.7% from RMB 13.59 billion in the previous year[23] - Net cash flow from financing activities surged to RMB 2.31 billion, a 245% increase from RMB 670.72 million in 2023[23] - Cash and cash equivalents at the end of the period reached RMB 9.26 billion, a 98.1% increase from RMB 4.67 billion in the previous year[23] - Cash paid for employee compensation increased to RMB 3.45 billion, up 16% from RMB 2.97 billion in 2023[22] - Cash received from investments rose to RMB 12.65 billion, a 6.5% increase from RMB 11.88 billion in the same period last year[22] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 53.62 billion, a year-on-year increase of 25.93%[3] - The company's total assets increased to RMB 53,619,263,430.36 as of September 30, 2024, up from RMB 42,579,471,835.65 at the end of 2023[15][16] - The company's monetary funds increased to RMB 9,256,847,158.64 as of September 30, 2024, up from RMB 7,324,897,851.86 at the end of 2023[15] - Accounts receivable increased to RMB 5,915,986,764.21 as of September 30, 2024, up from RMB 4,184,804,015.74 at the end of 2023[15] - Inventory increased to RMB 4,739,758,469.67 as of September 30, 2024, up from RMB 3,195,516,876.32 at the end of 2023[15] - Fixed assets increased to RMB 21,430,745,097.48 as of September 30, 2024, up from RMB 18,744,196,607.40 at the end of 2023[15] - Construction in progress increased to RMB 2,728,356,199.91 as of September 30, 2024, up from RMB 1,053,272,069.42 at the end of 2023[15] - Total current liabilities increased to RMB 15,611,438,857.37 as of September 30, 2024, up from RMB 9,682,164,726.64 at the end of 2023[16] - Total liabilities as of the end of Q3 2024 were 25.14 billion RMB, a 53.0% increase compared to 16.43 billion RMB at the end of Q3 2023[17] - Total equity attributable to the parent company's shareholders as of the end of Q3 2024 was 26.82 billion RMB, a 2.9% increase from 26.07 billion RMB at the end of Q3 2023[17] - Total assets as of the end of Q3 2024 were 53.62 billion RMB, a 25.9% increase compared to 42.58 billion RMB at the end of Q3 2023[17] Shareholder Information - The top shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holds 13.24% of the company's shares[6] - National Integrated Circuit Industry Investment Fund Co., Ltd. holds 236,897,906 unrestricted shares, accounting for a significant portion of the company's equity[9] - Core Semiconductor (Shanghai) Co., Ltd. holds 228,833,996 unrestricted shares, making it the second-largest shareholder[9] - Hong Kong Securities Clearing Company Ltd. holds 107,390,000 unrestricted shares[9] - China Construction Bank - Huaxia Semiconductor Chip ETF holds 31,783,151 shares, representing 1.78% of the total shares[10] - Industrial and Commercial Bank of China - Huatai-PineBridge CSI 300 ETF holds 27,900,881 shares, representing 1.56% of the total shares[10] - Guotai Junan Securities - Guolian Annuity CSI Semiconductor ETF holds 22,040,696 shares, representing 1.23% of the total shares[10] - China Construction Bank - E Fund CSI 300 ETF holds 18,287,932 shares, representing 1.02% of the total shares[10] - The company has no controlling shareholder, with the top two shareholders not having any concerted action relationship[9] - The company's controlling shareholder will change to Pan Shi Hong Kong Limited, which will hold 403,122,922 shares, accounting for 22.53% of the total shares[13] - The National Integrated Circuit Industry Investment Fund transferred 174,288,926 shares (9.74% of total shares) at RMB 29.00 per share[13] - Core Semiconductor transferred 228,833,996 shares (12.79% of total shares) at RMB 29.00 per share[13] Acquisitions and Investments - The company completed the acquisition of 80% equity of Sandisk Semiconductor (Shanghai) Co., Ltd. on September 28, 2024, and included it in the consolidated scope[3] - The company completed the acquisition of 80% equity in Sandisk Semiconductor (Shanghai) Co., Ltd. for approximately 262.19 million[11][12] Government Subsidies - The company received government subsidies totaling RMB 43.31 million during the reporting period, classified as recurring income under new regulations[5] R&D Expenses - R&D expenses for the first three quarters of 2024 amounted to 1.23 billion RMB, a 13.9% increase from 1.08 billion RMB in the same period of 2023[20]