APALT(002540)2024-10-28 11:37Financial Performance - The company's revenue for Q3 2024 reached ¥1,911,993,587.67, an increase of 2.14% year-over-year, while the year-to-date revenue was ¥5,489,383,101.78, up 12.21% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥104,306,621.42, a decrease of 37.88% year-over-year, with a year-to-date net profit of ¥350,370,405.55, down 11.76% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.0835, reflecting a decline of 39.18% year-over-year, while the diluted earnings per share was ¥0.0793, down 34.89% compared to the same period last year[2]. - Total operating revenue for Q3 2024 reached ¥5,489,383,101.78, an increase of 12.2% compared to ¥4,892,148,543.84 in Q3 2023[16]. - Net profit attributable to the parent company for Q3 2024 was ¥319,571,007.78, compared to ¥397,414,844.22 in Q3 2023, indicating a decrease of 19.6%[16]. - The net profit for Q3 2024 was CNY 350,379,281.01, a decrease of 11.4% compared to CNY 395,497,974.08 in Q3 2023[17]. - The company reported a total profit of CNY 373,863,876.65, down 13.6% from CNY 432,816,031.01 in the previous year[17]. Assets and Liabilities - The total assets as of September 30, 2024, amounted to ¥7,514,431,531.46, representing a decrease of 2.51% from the end of the previous year[2]. - The total assets as of the end of the reporting period amounted to CNY 4.581 billion, down from CNY 5.110 billion at the beginning of the period[13]. - Total liabilities as of Q3 2024 were ¥2,079,039,658.43, slightly up from ¥2,031,598,614.44 in Q3 2023[15]. - The total equity attributable to shareholders decreased by 3.92% to ¥5,430,563,605.90 compared to the end of the previous year[2]. - The total equity attributable to shareholders decreased to ¥5,430,563,605.90 from ¥5,652,358,933.83, a reduction of 3.9%[15]. Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥367,276,506.00, showing a significant increase of 221.05% compared to the same period last year[2]. - The net cash flow from operating activities increased by 221.05% to CNY 367,276,506 compared to CNY 114,397,615 in the same period of 2023[6]. - The net cash flow from investing activities decreased by 81.02% to CNY -122,482,409.93, attributed to cash payments for fixed assets and intangible assets[6]. - The company's net cash flow from financing activities decreased by 154.11% to CNY -313,273,127.95, primarily due to dividend distributions and loan repayments[6]. - Cash and cash equivalents at the end of the period were CNY 786,226,123.76, a decrease from CNY 903,701,700.94 at the end of Q3 2023[19]. - The company incurred a total of CNY 638,913,841.48 in cash outflows from financing activities, compared to CNY 739,929,317.45 in the previous year[19]. Investments and Projects - The construction in progress increased by 72.42% to ¥762,331,790.41, driven by investments in new projects including high-strength aluminum components for new energy vehicles[5]. - The company is currently constructing projects such as the "High-Performance Aluminum Alloy Quality Improvement Project" and the "100,000 Tons Green Electric High-End Aluminum-Based Materials Project" which have not yet contributed to capacity[10]. - The company is actively developing automotive thermal management systems and lightweight systems, as well as expanding into non-automotive sectors[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,791[7]. - Major shareholder Zhou Fuhai holds 39.71% of the shares, amounting to 496,432,134 shares, with 180,000,000 shares pledged[7]. Other Financial Metrics - The company's weighted average return on equity was 1.88%, down 1.02% compared to the previous year[2]. - The company's deferred tax liabilities increased by 50.81% to CNY 827,745.77, primarily due to valuation differences from Lingshan Aluminum's assessment[6]. - Financial expenses surged by 341.10% to CNY 22,227,275 due to decreased interest income and increased convertible bond interest expenses[6]. - Research and development expenses for Q3 2024 were ¥181,612,864.12, an increase from ¥169,746,122.22 in Q3 2023, showing a growth of 7.0%[16]. - The company reported a 272.41% increase in credit impairment losses, totaling CNY 13,159,549.92, mainly due to bad debt provisions for accounts receivable[6]. - The fair value change income showed a significant decline of 200.68%, resulting in a loss of CNY -3,613,173.05 compared to a gain of CNY 3,588,829.09 in the previous year[6].