HAOMEI(002988)2024-10-25 11:28Financial Performance - The company's revenue for Q3 2024 reached ¥1,716,109,218.77, an increase of 9.15% compared to the same period last year[2] - Net profit attributable to shareholders decreased by 15.41% to ¥48,315,125.64 in Q3 2024, while year-to-date net profit increased by 38.26% to ¥171,812,392.22[2] - The basic earnings per share for Q3 2024 was ¥0.1949, down 20.55% year-on-year, while year-to-date earnings per share increased by 29.81% to ¥0.6929[2] - The total operating revenue for the third quarter of 2024 was CNY 4,836,941,679.59, an increase from CNY 4,242,125,986.79 in the same period last year, representing a growth of approximately 14.05%[13] - Net profit for Q3 2024 reached CNY 171.16 million, up 38.4% from CNY 123.68 million in Q3 2023[15] - The company reported a total comprehensive income of CNY 170.85 million for Q3 2024, compared to CNY 125.39 million in the previous year, marking a growth of 36.2%[15] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥6,215,229,054.11, reflecting a 5.17% increase from the end of the previous year[2] - The total liabilities amounted to CNY 3,616,856,904.27, an increase from CNY 3,377,190,873.70, representing a growth of approximately 7.09%[13] - Current liabilities decreased to CNY 2,464,813,412.17 from CNY 2,788,340,439.64, showing a reduction of about 11.63%[13] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥21,496,459.80, a decrease of 49.06% compared to the previous year[6] - The net cash flow from operating activities for Q3 2024 was CNY 21,496,459.80, a decrease of 49.1% compared to CNY 42,199,210.74 in Q3 2023[17] - Total cash inflow from operating activities reached CNY 4,477,840,524.64, up from CNY 3,942,042,363.51, representing an increase of 13.6% year-over-year[17] - Cash outflow from operating activities was CNY 4,456,344,064.84, compared to CNY 3,899,843,152.77 in the same period last year, indicating a rise of 14.3%[17] - The net cash flow from investing activities was CNY -24,688,617.56, an improvement from CNY -300,397,001.03 in Q3 2023[17] - The net cash flow from financing activities was CNY 36,490,761.63, compared to CNY 119,825,234.29 in Q3 2023, reflecting a decline of 69.6%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,574[8] - The largest shareholder, Guangdong Haomei Investment Group Co., Ltd., holds 32.96% of shares, totaling 81,729,600 shares[8] - The company repurchased 8,737,606 shares, representing 3.52% of total shares[9] - The top ten shareholders collectively hold significant stakes, with the top two shareholders alone accounting for over 54% of total shares[8] Investments and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[2] - The company planned to invest 2.6179 per share, acquiring 15,279,422 shares[9] - The company decided to terminate the investment in Solstice Optoelectronics due to failure to meet loan conditions and recover the initial payment[9] - The company has engaged in discussions regarding investment rights and governance with Solstice Optoelectronics but could not reach an agreement[9] Operational Costs and Expenses - Total operating costs for Q3 2024 were approximately CNY 4.67 billion, an increase of 13.4% from CNY 4.11 billion in Q3 2023[14] - Research and development expenses increased to CNY 148.71 million, a rise of 11.1% compared to CNY 133.80 million in the same period last year[14] - The company experienced a decrease in financial expenses, with interest expenses dropping to CNY 74.07 million from CNY 87.51 million year-over-year[14] - Other income increased significantly to CNY 33.93 million, compared to CNY 8.06 million in Q3 2023[14] - Tax expenses for Q3 2024 were CNY 12.44 million, up from CNY 4.06 million in Q3 2023, indicating a significant increase in tax liabilities[14]