OLYMPIC(603920)2024-10-28 09:37Financial Performance - The company's operating revenue for Q3 2024 was ¥1,279,628,006.02, representing a year-on-year increase of 6.82%[2] - The net profit attributable to shareholders for Q3 2024 was ¥180,169,772.77, with a slight increase of 0.95% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥169,847,149.39, showing a decrease of 2.19% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 3,675,282,514.55, an increase of 9.7% compared to CNY 3,348,846,049.99 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 460,940,368.75, compared to CNY 353,295,452.72 in 2023, representing a growth of 30.4%[16] - The total comprehensive income for the third quarter of 2024 was approximately CNY 481.18 million, compared to CNY 363.36 million in the same period of 2023, representing an increase of about 32.4%[17] - Basic earnings per share for the third quarter of 2024 increased to CNY 0.80 from CNY 0.70 in the same quarter of 2023, reflecting a growth of approximately 14.3%[17] Assets and Liabilities - The total assets at the end of the reporting period reached ¥8,566,200,306.61, reflecting a significant increase of 35.75% compared to the end of the previous year[3] - The total current assets as of September 30, 2024, amounted to CNY 6,123,296,647.90, a significant increase from CNY 3,806,722,395.12 in the previous year[11] - The total assets of the company as of the end of Q3 2024 amounted to CNY 8,566,200,306.61, compared to CNY 6,310,265,837.48 at the end of Q3 2023, indicating a growth of 36%[13] - The total liabilities increased to CNY 2,945,692,235.55 in Q3 2024 from CNY 2,785,995,665.03 in Q3 2023, reflecting a rise of 5.7%[13] - The company's total liabilities as of the end of the third quarter of 2024 were CNY 2,303,102,122.93, compared to CNY 2,196,380,692.86 in the same period of 2023, showing a slight increase of 4.86%[22] Shareholder Equity - The equity attributable to shareholders increased to ¥5,393,568,183.82, marking a substantial growth of 64.67% year-on-year[3] - The equity attributable to shareholders of the parent company reached CNY 5,393,568,183.82, up from CNY 3,275,365,479.28 in the previous year, an increase of 64.6%[13] - The company's total equity as of the end of the third quarter of 2024 was CNY 4,742,825,421.24, an increase from CNY 2,641,209,400.95 in the previous year, reflecting a growth of 79.67%[22] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥813,741,345.14, showing a decline of 13.01%[2] - Cash inflow from operating activities for the first three quarters of 2024 was CNY 3.95 billion, up from CNY 3.63 billion in the same period of 2023, indicating an increase of about 9.0%[18] - The net cash flow from operating activities for the third quarter of 2024 was CNY 813.74 million, down from CNY 935.43 million in the same quarter of 2023, a decrease of approximately 13.0%[19] - The total cash outflow from investing activities in the first three quarters of 2024 was CNY 3.42 billion, significantly higher than CNY 155.65 million in the same period of 2023, indicating a substantial increase in investment activities[19] - The net cash flow from financing activities for the first three quarters of 2024 was CNY 1.51 billion, compared to a negative cash flow of CNY 363.37 million in the same period of 2023, showing a turnaround in financing[19] Research and Development - Research and development expenses increased to CNY 149,228,840.28 in 2024 from CNY 113,974,072.25 in 2023, marking a rise of 30.9%[16] - Research and development expenses for the first three quarters of 2024 totaled CNY 98,286,948.22, an increase of 31.08% from CNY 75,053,264.09 in the previous year[23] Shareholder Information - The company reported a total of 315,536,703 shares held by its largest shareholder, New豪国际集团有限公司, representing 46.78% of total shares[8] - The second-largest shareholder, 广东顺德高新创业投资管理有限公司, holds 21,697,368 shares, accounting for 3.22%[8] Market and Product Development - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[10] - The company plans to expand its market presence and invest in new technologies to enhance product offerings in the upcoming quarters[16] Accounting and Reporting Changes - The company has adopted new accounting standards starting in 2024, which may affect future financial reporting[27]