MTC(002429)2024-10-25 08:41Financial Performance - The company's revenue for Q3 2024 reached ¥6,642,487,868.83, an increase of 34.15% year-on-year, while the revenue for the year-to-date period was ¥16,162,431,171.52, up 27.39% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥461,907,613.45, a decrease of 14.08% year-on-year, with a year-to-date net profit of ¥1,372,694,231.78, reflecting a 7.93% increase[2] - The company's basic earnings per share for Q3 2024 was ¥0.1032, down 14.71% year-on-year, while the year-to-date figure was ¥0.3032, up 7.90%[2] - Total operating revenue for Q3 2024 reached CNY 16,162,431,171.52, an increase of 27.0% compared to CNY 12,687,145,382.06 in the same period last year[15] - Net profit attributable to shareholders increased to CNY 1,551,317,241.97, up from CNY 1,355,108,196.66, representing a growth of 14.5% year-over-year[15] - The net profit for Q3 2024 reached CNY 1,456,747,151.65, an increase of 10.1% compared to CNY 1,322,331,280.01 in Q3 2023[16] - The operating profit for Q3 2024 was CNY 1,683,707,494.45, up from CNY 1,352,871,060.58 in the same period last year, reflecting a growth of 24.4%[16] - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 1,372,694,231.78, up from CNY 1,271,857,986.18 in Q3 2023, reflecting an increase of 7.9%[16] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥30,265,127,949.41, representing a 13.25% increase from the end of the previous year[2] - The total assets of the company reached CNY 30,265,127,949.41, compared to CNY 26,723,545,986.88 in the previous year, marking an increase of 13.5%[14] - The total liabilities increased to CNY 14,143,615,470.78 from CNY 11,496,569,155.52, reflecting a rise of 23.0%[14] - The company's equity attributable to shareholders rose to CNY 15,703,277,645.82, compared to CNY 14,801,657,466.36, an increase of 6.1%[14] Cash Flow - The net cash flow from operating activities decreased by ¥589,740,200.00, or 70.87%, mainly due to payments to suppliers[7] - The net cash flow from operating activities for Q3 2024 was CNY 242,384,055.74, a decrease of 70.8% from CNY 832,124,240.09 in Q3 2023[19] - The net cash flow from investing activities for Q3 2024 was -CNY 1,271,002,850.24, an improvement from -CNY 1,811,429,911.29 in the same period last year[19] - The net cash flow from financing activities for Q3 2024 was CNY 1,434,643,237.08, compared to CNY 691,077,314.76 in Q3 2023, showing an increase of 107.2%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,014, with the largest shareholder, Nanchang Zhaochi Investment Partnership, holding 19.64% (889,084,227 shares) of the total shares[8] - The largest shareholder, Shenzhen Capital Operation Group, holds 14.73% (666,818,300 shares) of the total shares[9] - The company reported a total of 4,526,940,607 shares as of December 31, 2023, which serves as the basis for the dividend distribution[10] - The company's cash dividend distribution plan for 2023 is to distribute a total of RMB 479,855,704, with a cash dividend of RMB 1.06 per 10 shares[11] Operational Highlights - The company reported a significant increase in accounts receivable, which grew by ¥2,173,160,400.00, or 46.85%, due to increased sales during the reporting period[6] - The company is actively expanding into the optical communication device sector, building a vertical industry chain to broaden its business scope[5] - The company has established a leading position in the Mini LED and Micro LED sectors, focusing on innovation and technology upgrades to enhance profitability and competitiveness[5] - Research and development expenses for the quarter were CNY 660,425,713.85, compared to CNY 524,997,051.47 in the previous year, indicating a growth of 25.8%[15] Inventory and Current Assets - The total current assets increased to RMB 19,143,826,531.45 from RMB 15,484,026,964.75, reflecting a growth of approximately 23.5%[12] - Accounts receivable rose significantly to RMB 6,811,367,305.75 from RMB 4,638,206,893.87, indicating an increase of about 46.9%[12] - Inventory increased to RMB 3,323,186,660.05 from RMB 2,678,354,450.59, representing a growth of approximately 24.1%[12] - The total non-current assets include fixed assets valued at RMB 7,319,832,466.25, which increased from RMB 7,229,460,251.26[12] - The company has a total of 1,081,246,955.57 in accounts receivable financing, up from 385,295,746.29, marking an increase of approximately 180.5%[12] Taxation - The company experienced a 120.44% increase in taxes payable compared to the beginning of the year, attributed to rising tax liabilities during the reporting period[7]