YTCO(600066)2024-10-28 09:08Financial Performance - Operating revenue for Q3 2024 was CNY 7,739,059,215.83, a decrease of 1.25% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 reached CNY 758,088,973.72, an increase of 30.67% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 639,085,193.95, up 41.08% from the previous year[2]. - Basic earnings per share for Q3 2024 were CNY 0.34, reflecting a 30.67% increase year-on-year[2]. - Total operating revenue for the first three quarters of 2024 reached ¥24,074,847,816.60, a 27.5% increase from ¥18,950,415,903.37 in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was ¥2,458,685,247.87, up 131.7% from ¥1,062,802,397.31 in 2023[13]. - The company's operating profit increased to ¥2,639,357,761.52, compared to ¥1,208,132,313.55 in the previous year, representing a growth of 118.5%[13]. - The company reported a diluted earnings per share of ¥1.10 for 2024, compared to ¥0.47 in 2023[14]. - Total comprehensive income for the first three quarters of 2024 was ¥2,407,399,340.75, significantly higher than ¥1,065,115,572.00 in 2023[14]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -829,193,267.23, a decline of 136.69% compared to the same period last year[2]. - Cash flow from operating activities was ¥4,535,301,627.15, down from ¥5,177,048,474.89 in the same period last year[15]. - Cash and cash equivalents as of September 30, 2024, were RMB 4,905,491,257.62, down from RMB 6,433,808,650.59, indicating a decrease of about 23.7%[10]. - Cash and cash equivalents at the end of the period were ¥4,643,655,060.31, down from ¥6,664,030,781.92 at the end of 2023[15]. - The company experienced a net cash outflow from investing activities of ¥2,859,126,461.07, an improvement from a net outflow of ¥3,284,757,323.20 in the previous year[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 30,420,038,372.17, a decrease of 1.42% from the end of the previous year[3]. - The company's total liabilities increased to RMB 17,264,170,744.90 from RMB 16,800,336,311.87, representing an increase of about 2.8%[11]. - The total equity attributable to shareholders decreased from RMB 13,918,970,733.22 to RMB 12,982,805,727.99, a decline of approximately 6.7%[11]. - The company's inventory decreased from RMB 4,513,287,997.28 to RMB 4,054,326,757.60, a reduction of approximately 10.2%[10]. - The accounts receivable decreased from RMB 3,968,792,894.26 to RMB 3,434,511,125.76, reflecting a decline of about 13.4%[10]. - The company's long-term equity investments increased from RMB 649,545,124.13 to RMB 674,537,550.24, an increase of approximately 3.8%[10]. - The total current liabilities as of September 30, 2024, were RMB 13,713,338,597.91, slightly up from RMB 13,684,210,448.16, indicating a marginal increase of about 0.2%[11]. - The company's total non-current assets decreased from RMB 11,242,664,117.16 to RMB 10,802,501,824.48, reflecting a decline of about 3.9%[10]. Other Financial Metrics - The weighted average return on equity increased by 1.58 percentage points to 6.02% for Q3 2024[2]. - The company reported a significant increase in sales volume in the first three quarters, contributing to the rise in net profit[5]. - The company received government subsidies amounting to CNY 63,433,551.49 during the reporting period[4]. - Research and development expenses for the first three quarters of 2024 were ¥1,114,623,796.68, slightly up from ¥1,084,908,836.57 in 2023[13]. - The total operating costs for the first three quarters of 2024 were ¥21,763,007,665.35, an increase from ¥17,887,469,548.91 in 2023, reflecting a growth of 21.5%[13]. - The company's other comprehensive income decreased significantly from RMB 81,783,135.23 to RMB 14,581,252.41, a decline of approximately 82.2%[11].