ECC(600850)2024-10-25 07:59Financial Performance - The company's operating revenue for Q3 2024 was ¥2,586,641,034.58, a decrease of 3.07% compared to ¥2,668,521,998.39 in the same period last year[2]. - Net profit attributable to shareholders was ¥168,784,700.91, representing a year-on-year increase of 15.38% from ¥146,291,353.50[3]. - The net profit after deducting non-recurring gains and losses was ¥168,202,125.55, up 19.16% from ¥141,054,252.40 in the previous year[3]. - Basic earnings per share for the period was ¥0.2448, an increase of 14.61% compared to ¥0.2136 in the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 7,100,051,857.58, an increase of 2.49% compared to CNY 6,927,330,056.16 in the same period of 2023[12]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 302,197,032.46, compared to CNY 277,853,957.23 in 2023, representing a growth of 8.75%[14]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 294,499,245.93, an increase from CNY 288,650,759.16 in Q3 2023, reflecting a growth of approximately 1.5%[15]. - The net profit for the third quarter of 2024 was ¥292,987,780.78, compared to ¥144,920,121.57 in the third quarter of 2023, indicating a significant increase of approximately 102.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,424,659,144.26, a decrease of 9.33% from the previous year's end[3]. - The company's total assets decreased to CNY 10,358,657,943.88 from CNY 11,424,659,144.26, indicating a decline of 9.32% year-on-year[12]. - The total assets as of the end of the third quarter of 2024 amounted to ¥4,854,049,429.24, up from ¥4,424,313,827.63 at the end of the same period in 2023, reflecting a growth of about 9.7%[21]. - The company's total liabilities as of the end of the third quarter of 2024 were ¥1,600,331,810.07, compared to ¥1,184,442,779.06 at the end of the same period in 2023, indicating an increase of approximately 35.0%[21]. - Current liabilities totaled CNY 5,221,524,440.09, down from CNY 6,253,921,747.67, a decrease of 16.49%[12]. - Non-current liabilities increased to CNY 485,076,647.72 from CNY 430,030,298.08, marking an increase of 12.79%[12]. Cash Flow - The company reported a net cash flow from operating activities of -¥1,230,296,181.02, indicating a significant cash outflow[3]. - Cash flow from operating activities for the first three quarters of 2024 was CNY -1,230,296,181.02, worsening from CNY -1,052,989,042.53 in the same period of 2023[17]. - Cash inflow from operating activities totaled CNY 6,758,493,813.55 for the first three quarters of 2024, down from CNY 7,004,085,300.61 in 2023, indicating a decrease of approximately 3.5%[17]. - The net cash flow from financing activities for Q3 2024 was CNY -330,775,732.31, compared to CNY -304,676,961.71 in Q3 2023, showing a decline of about 8.6%[18]. - The cash and cash equivalents at the end of Q3 2024 were CNY 1,048,818,865.87, down from CNY 1,485,694,784.73 at the end of Q3 2023, a decrease of approximately 29.4%[18]. - Cash outflow for operating activities totaled 928,247,559.36, compared to 870,245,710.77 in the previous year[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,529[7]. - The largest shareholder, East China Computer Technology Research Institute, holds 140,089,809 shares, accounting for 20.53% of the total shares[7]. - The top ten shareholders include state-owned entities, indicating a strong government influence in ownership[8]. - The company has no preferred shareholders with restored voting rights[7]. - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[9]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 329,134,175.75, compared to CNY 312,641,867.32 in 2023, reflecting a rise of 5.27%[14]. - Research and development expenses for the first three quarters of 2024 totaled ¥27,210,003.37, an increase from ¥22,607,187.41 in the same period of 2023, representing a growth of about 20.5%[22]. Non-Recurring Gains and Losses - Non-recurring gains included government subsidies amounting to ¥543,667.11 for the current period[4]. - The company recognized a total of ¥34,016,206.93 in non-recurring gains from various sources, including fiscal support[6]. - The company has made adjustments to its financial statements in accordance with the new regulations on non-recurring gains and losses issued by the CSRC[3].