GS(601500)2024-10-28 08:51Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,919,882,972.42, representing a year-on-year increase of 33.45%[2] - The net profit attributable to shareholders for Q3 2024 was ¥93,327,456.83, a decrease of 7.16% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥88,644,293.74, down by 5.66% year-on-year[2] - Year-to-date operating revenue reached ¥4,987,897,618.13, reflecting a 35.56% increase compared to the same period last year[2] - The basic earnings per share for the year-to-date period was ¥0.24, an increase of 140.00% year-on-year[3] - Operating profit for the first three quarters of 2024 was CNY 375,464,430.68, compared to CNY 148,581,985.27 in the previous year, reflecting a significant growth[18] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 379,858,634.81, up from CNY 158,612,582.15 in 2023, indicating a year-over-year increase of 139.5%[19] - The company reported a comprehensive income total of CNY 481,340,239.42 for the first three quarters of 2024, compared to CNY 155,751,444.38 in the same period last year[20] - Basic earnings per share for the first three quarters of 2024 were CNY 0.24, up from CNY 0.10 in 2023, indicating a 140% increase[20] Assets and Liabilities - The total assets as of the end of the reporting period amounted to ¥13,931,693,805.75, a 23.48% increase from the end of the previous year[3] - As of September 30, 2024, total assets reached approximately RMB 13.93 billion, an increase from RMB 11.28 billion at the end of 2023, representing a growth of about 23.5%[14] - The total liabilities increased to CNY 7,956,407,948.81 in Q3 2024, compared to CNY 5,728,667,957.64 in Q3 2023, marking a growth of 39.0%[16] - The company's total equity reached CNY 5,975,285,856.94, up from CNY 5,553,594,719.94 in the previous year, representing an increase of 7.6%[16] - The company's non-current liabilities totaled CNY 1,618,272,730.55, an increase from CNY 1,072,216,301.11 in the previous year, representing a growth of 50.9%[16] Cash Flow - The company reported a cash flow from operating activities of ¥520,274,640.71 year-to-date, a decrease of 25.00% compared to the previous year[2] - The cash inflow from operating activities for the first three quarters of 2024 reached ¥4,787,341,183.01, a significant increase of 42.2% compared to ¥3,367,264,439.61 in the same period of 2023[21] - The net cash flow from operating activities for the first three quarters of 2024 was ¥520,274,640.71, down 25% from ¥693,710,375.54 in the first three quarters of 2023[22] - The total cash outflow from investing activities in the first three quarters of 2024 was ¥2,362,954,549.51, compared to ¥956,970,849.31 in the same period of 2023, indicating a substantial increase in investment spending[22] - The net cash flow from financing activities for the first three quarters of 2024 was ¥1,321,960,434.26, up from ¥454,693,135.85 in the first three quarters of 2023, reflecting increased borrowing and investment[22] - The total cash and cash equivalents at the end of the third quarter of 2024 stood at ¥511,515,901.50, down from ¥918,393,682.92 at the end of the same period in 2023[23] - The company experienced a negative cash flow of ¥425,295,509.70 in the first three quarters of 2024, contrasting with a positive cash flow of ¥441,729,237.88 in the same period of 2023[22] Shareholder Information - The company has a total of 57,656 common shareholders as of the end of the reporting period[8] - The company has a total of 10 major shareholders, with Hongdou Group Co., Ltd. holding approximately 657.32 million shares, representing about 41.5% of total shares[10] Investments and Subsidiaries - The company registered two joint ventures in September 2024, with registered capital of RMB 8 million and RMB 10 million, focusing on tire sales and related products[11] - A wholly-owned subsidiary, GS Tires (Thailand) Co., Ltd., was established in August 2024 with a registered capital of 100 million Thai Baht, primarily for tire sales[12] - The company completed the deregistration of its subsidiary, General Rubber (Baotou) Co., Ltd., in July 2024[11] Operational Metrics - The company experienced a significant increase in tire sales, contributing to the growth in net profit attributable to shareholders year-to-date, which increased by 139.49%[7] - Research and development expenses for the first three quarters of 2024 were CNY 61,456,673.88, compared to CNY 47,951,489.44 in 2023, showing a 28.2% increase[17] - The total cost of operations for the first three quarters of 2024 was CNY 4,564,693,831.11, compared to CNY 3,492,938,871.35 in the previous year, reflecting a 30.7% increase[17] Inventory and Receivables - Current assets totaled approximately RMB 4.72 billion, up from RMB 4.22 billion, indicating an increase of around 12%[14] - Inventory increased significantly to approximately RMB 2.08 billion from RMB 1.70 billion, reflecting a growth of about 22.2%[14] - Accounts receivable rose to approximately RMB 1.34 billion from RMB 1.19 billion, an increase of about 12.5%[13] - Cash paid to employees increased to ¥402,209,897.92 in the first three quarters of 2024, up from ¥316,622,215.32 in the same period of 2023, indicating a rise of 26.9%[22]