Mtalco(601677)2024-10-28 08:54Financial Performance - The company's operating revenue for Q3 2024 reached ¥8,340,921,062.65, representing a year-on-year increase of 22.37%[2] - Net profit attributable to shareholders was ¥341,417,954.58, showing a decrease of 4.65% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥264,101,244.15, down by 9.21% year-on-year[2] - The company reported a net profit of CNY 8.97 billion for the first nine months of 2024, compared to CNY 7.72 billion for the same period in 2023, reflecting a growth of approximately 16.2%[10] - Net profit for the first three quarters of 2024 was CNY 1.41 billion, representing a 21.5% increase compared to CNY 1.16 billion in 2023[13] - The net profit for Q3 2024 was CNY 80.40 million, a decrease of 71.5% from CNY 282.89 million in Q3 2023[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥23,430,559,303.24, reflecting a 10.30% increase from the end of the previous year[3] - The total assets as of September 30, 2024, were ¥13,585,311,708.26, down from ¥13,947,313,131.84 at the end of 2023[17] - The total liabilities amounted to CNY 5.90 billion, compared to CNY 5.30 billion at the end of 2023, marking an increase of around 11.3%[10] - The total liabilities decreased to CNY 3.15 billion in Q3 2024 from CNY 3.78 billion in Q3 2023, reflecting a reduction of approximately 16.6%[20] Equity and Earnings - The equity attributable to shareholders increased to ¥17,237,131,270.33, marking a 10.18% rise compared to the previous year-end[3] - The equity attributable to shareholders reached CNY 17.24 billion, up from CNY 15.64 billion, which is an increase of about 10.2%[10] - The basic earnings per share for the period was ¥0.29, a decrease of 17.14% year-on-year[2] - Basic earnings per share remained stable at CNY 1.18, while diluted earnings per share increased to CNY 1.18 from CNY 1.12[13] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥50,568,753.04, a significant decrease of 82.93% year-on-year[5] - The net cash flow from operating activities for Q3 2024 was ¥50,568,753.04, a decrease of 82.9% compared to ¥296,215,124.96 in Q3 2023[14] - Cash flow from operating activities was CNY 14.71 billion, down from CNY 16.15 billion in the same period of 2023[13] - The company's cash flow from operating activities generated a net inflow of CNY 627.63 million in the first three quarters of 2024, compared to a net outflow of CNY 797.22 million in the same period of 2023[22] Costs and Expenses - Total operating costs increased to CNY 22.56 billion, up 21.9% from CNY 18.52 billion year-over-year[12] - Research and development expenses rose to CNY 1.27 billion, a significant increase of 27.8% from CNY 993.92 million in the previous year[12] - Research and development expenses for the first three quarters of 2024 were CNY 19.02 million, significantly lower than CNY 187.08 million in the same period of 2023, indicating a reduction of approximately 89.8%[19] Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥75,326,337.55 during the period, contributing positively to the financial results[4] - Non-recurring gains and losses totaled ¥77,316,710.43 for the current period, compared to ¥249,354,971.14 for the year-to-date[4] Market Strategy and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency and product quality[10] - The company has maintained a stable dividend policy, with dividends declared amounting to CNY 6.66 million for the current period[10]