CHEN DIAN INTERNATIONAL(600969)2024-10-28 10:38Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,384,287,738.54, representing a year-on-year increase of 26.14%[2] - The net profit attributable to shareholders for Q3 2024 was ¥40,451,346.42, a significant increase of 333.83% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,525,188.72, up 182.36% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.1093, reflecting a year-on-year increase of 333.83%[3] - Total operating revenue for the first three quarters of 2024 reached ¥3,316,610,519.37, an increase of 9.8% compared to ¥3,021,455,213.94 in the same period of 2023[10] - Net profit for the first three quarters of 2024 was ¥117,736,126.22, significantly higher than the net profit of ¥7,818,495.23 in the same period of 2023, marking a growth of 1400%[10] - The company achieved a total profit of ¥160,643,939.35, compared to ¥40,835,529.61 in the same period last year, an increase of 293.5%[10] - The net profit attributable to shareholders of the parent company was ¥60,455,574.46, a turnaround from a loss of ¥38,313,518.54 in the previous year[17] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 200.08% to ¥1,097,490,401.34[2] - Cash received from operating activities amounted to CNY 565.87 million, including CNY 819 million from rural power network loan repayments and CNY 47 million in government subsidies[8] - The net increase in cash and cash equivalents was CNY 580.73 million, attributed to improved cash flow management and increased sales[8] - The company reported a net cash inflow of CNY 821.88 million from the disposal of fixed assets and long-term assets[8] - Cash flow from operating activities generated a net inflow of ¥1,097,490,401.34, a substantial increase from ¥365,735,051.16 in the previous year[19] - The net cash flow from financing activities was -73.53 million previously[20] - The net increase in cash and cash equivalents was 125.76 million in the previous period[20] - The ending balance of cash and cash equivalents reached 1.45 billion year-over-year[20] Assets and Liabilities - The total assets of the company as of the end of the reporting period amounted to ¥15,054,272,067.03, showing a slight increase of 0.72% from the end of the previous year[3] - The company's current assets reached CNY 3,247,014,677.92, up from CNY 2,910,157,361.31, indicating an increase of about 11.56%[13] - Cash and cash equivalents increased significantly to CNY 1,774,310,250.35 from CNY 1,170,042,593.27, representing a growth of approximately 51.66%[13] - The total liabilities decreased slightly to CNY 11,111,168,288.97 from CNY 11,125,495,059.16, showing a reduction of about 0.13%[15] - The company's long-term borrowings decreased to CNY 6,451,414,515.83 from CNY 6,581,340,412.00, a decline of approximately 1.97%[15] - The total equity increased to CNY 3,943,103,778.06 from CNY 3,821,556,626.75, reflecting a growth of about 3.18%[15] Investments and Expenses - The company has ongoing investments in construction projects, with CNY 93 million allocated to power grid and pipeline projects, as well as new energy projects[9] - Cash paid for investments was CNY 73.89 million, including capital contributions to joint ventures[8] - Research and development expenses decreased to ¥368,617.50 from ¥464,423.40, indicating a reduction of approximately 20.6%[10] - Financial expenses surged to ¥228,298,673.00, compared to ¥102,869,879.05 in the previous year, reflecting an increase of 121.5%[10] - The company recognized non-recurring gains of ¥108,467,791.34 from a settlement agreement with Tangshan Ganglu Steel Co., Ltd. related to gas supply disputes[4] - Other income rose significantly to ¥145,758,275.36 from ¥21,604,917.48, representing an increase of 576.5%[10] Shareholder Information - The company has 25,201 common shareholders at the end of the reporting period[10] - The largest shareholder, Zhuzhou Development Investment Group, holds 16.13% of the shares, totaling 59,681,400 shares[10] Accounting and Reporting Changes - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[21]