ZZDC(000753)2024-10-25 11:03Financial Performance - The company's operating revenue for Q3 2024 was CNY 792,859,241.07, representing a year-on-year increase of 9.69%[3] - The net profit attributable to shareholders for Q3 2024 was CNY 12,395,864.91, a decrease of 25.08% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was CNY 10,525,122.04, down 17.43% year-on-year[3] - Total operating revenue for the current period is CNY 2,086,749,826.41, a decrease of 7.3% compared to CNY 2,250,758,915.22 in the previous period[17] - Net profit for the current period is CNY 78,712,198.35, a decrease of 6.4% compared to CNY 84,375,268.00 in the previous period[18] Assets and Liabilities - Total assets at the end of Q3 2024 reached CNY 10,752,032,378.88, an increase of 7.73% from the end of the previous year[3] - Total liabilities amounted to ¥7,664,122,117.84, an increase from ¥6,983,468,136.22, marking a growth of approximately 9.8%[16] - The company's equity increased to ¥3,087,910,261.04 from ¥2,997,526,132.04, representing a growth of about 3.0%[16] - Current assets totaled ¥3,164,209,413.59, a significant increase of 18.4% from ¥2,670,588,648.36 at the beginning of the period[15] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -390,935,196.89, a decrease of 6.36% compared to the same period last year[3] - Cash inflow from operating activities totaled CNY 2,136,896,632.61, a slight decrease from CNY 2,150,397,936.56 in the previous period[20] - Cash inflow from financing activities totaled 2,310,055,274.63, an increase of 18.4% compared to 1,952,679,962.12 in the previous year[21] - The net increase in cash and cash equivalents was 90,835,214.13, compared to 56,799,837.77 in the same period last year, indicating a growth of 59.8%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,043[9] - Fujian Zhanglong Group Co., Ltd. holds 28.82% of shares, totaling 285,750,394 shares[9] - The company’s major shareholders include state-owned enterprises, indicating a strong government connection[9] Financing and Investment - The company plans to issue perpetual bonds with a total amount not exceeding RMB 1.2 billion to optimize its financing structure[10] - The company’s financing strategy includes expanding its funding sources through the issuance of perpetual bonds[10] - Short-term borrowings increased by 82.65% to CNY 1,916,628,386.74 due to higher financing needs[7] - The company recorded investment income loss of CNY 21,072,428.40, compared to a gain of CNY 9,659,145.66 in the previous period[17] Operational Highlights - The company reported a significant increase in asset disposal income of 1,541.36% to CNY 21,933,771.15, primarily from the disposal of assets at Jin Feng Water Plant[8] - The company’s subsidiary, Fujian Zhangfa New Energy Investment Co., Ltd., has completed a distributed photovoltaic power generation project with an installed capacity of approximately 12MWp[12] - The company signed a construction contract worth RMB 15.267105 million with its controlling shareholder for a new residential power supply project[11] - The company’s photovoltaic project utilizes a "self-use, surplus electricity online" model, enhancing its renewable energy capabilities[12] Accounting and Reporting - The company has adopted new accounting standards starting from 2024, which may impact financial reporting[21] - The third quarter report has not been audited[21]