UE(603600)2024-10-25 07:59Revenue and Profit Growth - Revenue for the third quarter reached 1,337,740,397.70 RMB, a year-on-year increase of 38.79%[2] - Net profit attributable to shareholders of the listed company for the third quarter was 98,492,450.75 RMB, up 42.29% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached 3,389,890,021.11 RMB, a significant increase from 2,500,240,943.55 RMB in the same period of 2023[15] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was 224,830,855.09 RMB, compared to 211,182,981.99 RMB in the same period of 2023[18] - The increase in revenue was primarily driven by improved external demand and accelerated growth from new customers, channels, and projects[6] Asset and Liability Changes - Total assets as of the end of the reporting period were 3,987,774,352.59 RMB, an increase of 18.07% compared to the end of the previous year[3] - Total assets increased to 3,987,774,352.59 RMB as of September 30, 2024, compared to 3,377,328,300.56 RMB at the end of 2023[13] - Current assets rose to 2,291,235,971.92 RMB, up from 1,851,930,367.32 RMB at the end of 2023[13] - Cash and cash equivalents grew to 838,144,560.48 RMB, a significant increase from 663,944,120.12 RMB at the end of 2023[13] - Accounts receivable increased to 686,294,772.43 RMB, up from 580,685,586.37 RMB at the end of 2023[13] - Inventory rose to 536,598,964.55 RMB, compared to 396,454,269.50 RMB at the end of 2023[13] - Short-term borrowings surged to 701,950,614.23 RMB, a substantial increase from 251,603,890.37 RMB at the end of 2023[14] - Accounts payable increased to 704,188,505.93 RMB, up from 603,153,643.83 RMB at the end of 2023[14] - Total current liabilities grew to 1,711,165,784.64 RMB, compared to 1,168,346,011.65 RMB at the end of 2023[14] - Fixed assets increased to 1,055,334,635.17 RMB, up from 998,235,571.25 RMB at the end of 2023[13] - Construction in progress rose to 153,062,810.69 RMB, compared to 92,852,132.49 RMB at the end of 2023[13] - Total liabilities as of the end of Q3 2024 were 1,781,299,574.97 RMB, up from 1,207,231,360.56 RMB at the end of Q3 2023[15] Cash Flow and Financial Activities - Operating cash flow for the first three quarters was 78,093,323.52 RMB, a decrease of 69.53% year-on-year[2] - The decrease in operating cash flow was mainly due to increased accounts receivable and inventory resulting from revenue growth[7] - Net cash flow from operating activities for the first three quarters of 2024 was 78,093,323.52 RMB, a significant decrease from 256,263,049.13 RMB in the same period of 2023[19] - Cash received from tax refunds in the first three quarters of 2024 was 154,448,497.08 RMB, an 18.6% increase compared to 130,226,795.68 RMB in the same period of 2023[19] - Cash paid for goods and services in the first three quarters of 2024 was 2,447,983,023.41 RMB, a 44.89% increase compared to 1,689,282,883.46 RMB in the same period of 2023[19] - Net cash flow from investing activities for the first three quarters of 2024 was -180,234,579.68 RMB, a 10.7% increase in outflow compared to -162,820,765.84 RMB in the same period of 2023[20] - Cash received from borrowing in the first three quarters of 2024 was 843,917,421.89 RMB, a 32.38% increase compared to 637,500,994.20 RMB in the same period of 2023[20] - Net cash flow from financing activities for the first three quarters of 2024 was 258,588,972.61 RMB, a significant improvement from -60,996,831.30 RMB in the same period of 2023[20] - The ending balance of cash and cash equivalents as of September 2024 was 809,760,976.58 RMB, a 16.29% increase compared to 696,360,471.17 RMB in the same period of 2023[20] Earnings and Shareholder Information - Basic earnings per share for the third quarter were 0.30 RMB, a year-on-year increase of 41.60%[3] - Weighted average return on equity for the third quarter was 4.53%, an increase of 1.11 percentage points year-on-year[3] - The company's total number of ordinary shareholders at the end of the reporting period was 12,364[9] - Total comprehensive income for the first three quarters of 2024 was 221,075,695.71 RMB, slightly higher than 210,983,647.18 RMB in the same period of 2023[18] - Basic earnings per share for the first three quarters of 2024 remained stable at 0.68 RMB, the same as in the same period of 2023[18] - Minority shareholders' comprehensive income for the first three quarters of 2024 was 4,731,085.39 RMB, compared to 2,895,433.66 RMB in the same period of 2023[18] Expenses and Costs - R&D expenses for the first three quarters of 2024 amounted to 117,483,108.24 RMB, an increase from 95,260,183.56 RMB in the same period of 2023[17] - Sales expenses for the first three quarters of 2024 were 222,807,310.83 RMB, up from 154,007,183.49 RMB in the same period of 2023[17] - Operating costs for the first three quarters of 2024 were 2,620,942,447.24 RMB, up from 1,923,334,507.52 RMB in the same period of 2023[17] Government Subsidies and Other Income - Government subsidies received during the reporting period amounted to 2,104,041.09 RMB[4] - Sales revenue from goods and services received in cash for the first three quarters of 2024 was 3,354,965,212.45 RMB, a 34.96% increase compared to 2,486,119,254.14 RMB in the same period of 2023[19]