富春染织(605189) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 840,208,563.01, representing a year-on-year increase of 19.26%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 20,167,960.80, a decrease of 29.47% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 38,097,050.81, an increase of 54.93% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.15, down 21.05% from the previous year[3] - The diluted earnings per share for Q3 2024 was CNY 0.18, a decrease of 5.26% year-on-year[3] - The company reported a significant increase in net profit attributable to shareholders for the year-to-date period, with a growth rate of 44.58% due to new projects coming online and reduced production costs[6] - The diluted earnings per share for the year-to-date period increased by 39.62% compared to the previous year, attributed to higher profits during the reporting period[7] - Net profit for the third quarter of 2024 was CNY 103,721,743.88, up 44.5% from CNY 71,739,191.84 in the third quarter of 2023[17] - The total comprehensive income attributable to the parent company's owners for Q3 2024 was CNY 102,518,803.37, up from CNY 71,739,191.84 in the same period last year, indicating a growth of about 42.9%[20] Assets and Liabilities - The total assets at the end of Q3 2024 were CNY 4,901,693,371.44, reflecting a year-on-year increase of 20.46%[3] - The total liabilities rose to CNY 3,037,766,215.95, up from CNY 2,268,856,536.10, marking an increase of 33.9%[15] - The company's total current assets reached CNY 2,676,513,442.30, compared to CNY 2,016,347,763.63 in the previous year, indicating a growth of 32.7%[14] - The total non-current assets increased to CNY 2,225,179,929.14 from CNY 2,052,704,390.41, reflecting an increase of 8.4%[14] - The company's total equity attributable to shareholders was CNY 1,863,927,155.49, up from CNY 1,800,195,617.94, showing a growth of 3.5%[15] Cash Flow - The cash flow from operating activities for Q3 2024 was negative at CNY -345,171,514.28[2] - The net cash flow from operating activities for Q3 2024 was negative at CNY -543,943,674.59, a decline from a positive CNY 90,615,530.36 in Q3 2023[23] - Cash inflows from operating activities for the first nine months of 2024 totaled CNY 2,579,076,564.60, compared to CNY 1,996,576,040.23 in the same period of 2023, marking an increase of about 29.1%[21] - The company's cash and cash equivalents as of September 30, 2024, were approximately RMB 581.47 million, down from RMB 673.06 million at the end of 2023[12] - Cash and cash equivalents at the end of Q3 2024 were CNY 466,159,650.74, down from CNY 500,088,101.28 at the end of 2023[24] Investments and Expenses - The company plans to invest approximately RMB 183.25 million in upgrading the yarn production line technology, with RMB 48 million sourced from raised funds[10] - A new project for producing 30,000 tons of fiber dyeing is estimated to cost around RMB 500 million, with RMB 85 million planned to be funded from raised capital[11] - Research and development expenses for the first three quarters of 2024 were CNY 92,371,237.48, a significant increase of 52.2% from CNY 60,723,462.80 in the same period of 2023[16] - The company reported a significant increase in financial expenses, which rose to CNY 27,708,815.76 from CNY 537,154.98, indicating a substantial increase in interest expenses[16] - The company's financial expenses increased to ¥33,743,249.98, compared to ¥14,727,680.65 in the previous year, indicating a rise of 129.1%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,416[8] - The largest shareholder, He Peifu, holds 68,501,040 shares, representing 45.74% of the total shares[9] Inventory and Receivables - Inventory increased significantly to RMB 1.25 billion, compared to RMB 640.61 million at the end of 2023, indicating a growth of approximately 95%[12] - The total amount of receivables increased to RMB 62.22 million from RMB 20.56 million, reflecting a growth of approximately 202%[12] - The total amount of other receivables rose to RMB 164.81 million, compared to RMB 39.17 million previously[12] - The company reported a significant increase in trading financial assets, rising to RMB 115.18 million from RMB 71.21 million[12] Cash Flow from Financing Activities - The net cash flow from financing activities for Q3 2024 was CNY 880,629,831.16, a significant increase from CNY 114,951,892.38 in Q3 2023, showing a growth of about 666.5%[23] - Cash received from borrowings increased significantly to ¥1,007,707,882.49, compared to ¥230,738,327.26 in the same quarter last year[30] - The company paid ¥413,750,590.30 in debt repayments, which is a significant increase from ¥197,419,543.18 in Q3 2023[30]