联泓新科(003022) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the first three quarters of 2024 reached 4.967 billion yuan, a year-on-year increase of 0.62%[2] - Net profit attributable to shareholders of the listed company for the first three quarters of 2024 was 178.34 million yuan, a year-on-year decrease of 55.90%[2] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the first three quarters of 2024 was 150 million yuan, a year-on-year increase of 19.30%[2] - The company's operating income for the period reached RMB 4,966,719,393.01, slightly higher than the previous period's RMB 4,935,954,910.57[15] - Operating costs for the period were RMB 4,923,319,963.38, compared to RMB 4,758,674,504.02 in the previous period[15] - Net profit attributable to the parent company's owners was RMB 2,702,129,527.01, compared to RMB 2,630,639,909.23 in the previous period[14] - Net profit attributable to parent company shareholders was RMB 178.34 million, a decrease of 55.9% compared to the same period last year[16][17] - Sales revenue from goods and services was RMB 5.49 billion, a slight decrease of 0.7% compared to the same period last year[18] - Basic earnings per share were RMB 0.13, down 56.7% from RMB 0.30 in the same period last year[17] - Total comprehensive income attributable to parent company shareholders was RMB 178.34 million, down 55.9% year-over-year[17] Assets and Liabilities - The company's total assets as of the end of the reporting period were 18.703 billion yuan, an increase of 9.86% compared to the end of the previous year[2] - Total assets as of the end of Q3 2024 amounted to RMB 18,702,849,517.19, compared to RMB 17,024,345,343.23 in the previous period[13] - Total liabilities as of the end of Q3 2024 were RMB 10,929,384,030.36, up from RMB 9,194,640,033.89 in the previous period[14] - Fixed assets as of the end of Q3 2024 were RMB 6,898,081,101.71, down from RMB 7,356,056,447.71 in the previous period[13] - Construction in progress increased to RMB 4,524,171,316.08, up from RMB 2,995,152,115.78 in the previous period[13] - Short-term borrowings as of the end of Q3 2024 were RMB 2,977,195,722.63, compared to RMB 3,210,152,673.26 in the previous period[13] - Long-term borrowings increased to RMB 4,675,683,137.20, up from RMB 2,900,260,505.56 in the previous period[14] Cash Flow - The company's operating cash flow for the first three quarters of 2024 was 415.54 million yuan, a year-on-year increase of 16.55%[2] - Net cash flow from operating activities increased to 415.54 million yuan, up from 356.54 million yuan in the previous period[19] - Cash outflow for operating activities totaled 5.24 billion yuan, compared to 5.59 billion yuan in the prior period[19] - Net cash flow from investing activities was -2.31 billion yuan, a decrease from -2.16 billion yuan in the previous period[19] - Cash inflow from financing activities reached 6.73 billion yuan, up from 5.99 billion yuan in the prior period[19] - Net cash flow from financing activities was 1.83 billion yuan, slightly down from 1.83 billion yuan in the previous period[19] - The company's cash and cash equivalents at the end of the period stood at 1.13 billion yuan, compared to 1.47 billion yuan at the beginning[19] - Operating cash flow decreased by 4.8% year-over-year to RMB 5.66 billion[18] Expenses and Taxes - Taxes and surcharges increased by 163.43% to 72.75 million yuan due to higher related taxes and fees in the first three quarters[6] - Sales expenses decreased by 33.37% to 26.89 million yuan due to the sale of subsidiary equity and corresponding reduction in sales expenses[6] - Financial expenses decreased by 30.16% to 69.76 million yuan due to lower bank loan interest rates and reduced bill discounting fees[6] - Credit impairment losses increased by 61.15% to -1.91 million yuan due to higher bad debt provisions[6] - Asset impairment losses increased by 121.32% to 5.64 million yuan due to reduced inventory write-down provisions[6] - R&D expenses increased by 12.7% year-over-year to RMB 257.51 million[16] - Interest expenses decreased by 29.8% to RMB 88.13 million compared to the same period last year[16] - Other income decreased significantly by 57.9% to RMB 138.35 million year-over-year[16] - Income tax expenses decreased by 65.1% to RMB 23.25 million compared to the same period last year[16] - Cash received from tax refunds decreased by 26.0% to RMB 24.72 million year-over-year[18] Projects and Investments - The 90,000 tons/year vinyl acetate plant, 20,000 tons/year ultra-high molecular weight polyethylene plant, and 10,000 tons/year electronic-grade high-purity special gas plant have been put into operation[2] - The "Biodegradable Material Polylactic Acid PLA Project" has entered the trial production phase, and the "4,000 tons/year Lithium Battery Additive VC Project" is in the installation phase[2] - The company plans to issue A-shares to specific investors to raise funds for the "New Energy Materials and Biodegradable Materials Integration Project"[10] - The company plans to establish a subsidiary, Lianhong Ruisheng (Shandong) Special Materials Co., Ltd., to invest in a 4,000-ton/year XDI project, aiming to enhance its high-end special materials portfolio and profitability[11] Shareholder Information - The company's controlling shareholder, Lianhong Group Co., Ltd., holds 51.77% of the shares[7] - The total number of ordinary shareholders at the end of the reporting period was 59,713[7] Miscellaneous - Accounts receivable decreased by 47.64% compared to the end of the previous year, mainly due to the sale of subsidiary equity[5] - Prepayments decreased by 31.99% compared to the end of the previous year, as materials purchased in the first three quarters were delivered[5] - Long-term loans increased by 61.22% compared to the end of the previous year, driven by increased bank project loans[5] - Operating profit decreased by 54.30% to 218.75 million yuan due to a reduction in other income[6] - The company's third-quarter report was not audited[20]