BENEFO(600468)2024-10-29 07:33Financial Performance - The company's revenue for Q3 2024 reached ¥511,218,788.86, representing a year-on-year increase of 4.56%[1] - Net profit attributable to shareholders for the same period was ¥38,234,176.19, an increase of 26.21% compared to the previous year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,178,193.38, reflecting a growth of 31.54% year-on-year[1] - Total operating revenue for the first three quarters of 2024 was CNY 1,417,122,148.19, a decrease of 7.5% compared to CNY 1,531,985,499.08 in the same period of 2023[16] - Net profit for the first three quarters of 2024 reached CNY 109,680,339.93, an increase of 5.2% from CNY 103,599,913.49 in 2023[17] - Total comprehensive income for the first three quarters of 2024 was CNY 111,101,599.77, compared to CNY 101,099,550.99 in 2023, indicating a growth of approximately 9.9%[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,924,481,851.13, a slight decrease of 0.42% from the end of the previous year[1] - As of September 30, 2024, the company's total assets amounted to CNY 3,924,481,851.13, a slight decrease from CNY 3,940,938,137.13 at the end of 2023[12] - The total liabilities decreased to CNY 1,617,237,539.83 from CNY 1,703,943,731.27, reflecting a reduction of approximately 5.1%[14] - Total equity increased to CNY 2,307,244,311.30 from CNY 2,236,994,405.86, marking an increase of about 3.1%[14] Cash Flow - The company reported a net cash flow from operating activities of -¥929,717.29 for the year-to-date period[1] - The cash inflow from operating activities for the first three quarters of 2024 was CNY 1,314,955,043.08, a decrease of 15.8% compared to CNY 1,561,825,381.11 in the same period of 2023[19] - The net cash flow from operating activities was -CNY 929,717.29, improving from -CNY 18,945,095.10 year-over-year[19] - The cash outflow for investing activities totaled CNY 46,897,028.45, an increase from CNY 26,007,211.89 in the previous year[20] - The net cash flow from investing activities was -CNY 35,057,756.20, worsening from -CNY 7,914,811.38 in the same period last year[20] - Cash inflow from financing activities was CNY 237,920,934.90, down from CNY 266,000,000.00 in the previous year[20] - The net cash flow from financing activities was -CNY 56,296,488.55, an improvement from -CNY 70,780,951.16 year-over-year[20] - The ending balance of cash and cash equivalents was CNY 596,695,832.72, up from CNY 481,667,389.72 at the end of the previous year[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,338[4] - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., holds 53.29% of the shares[4] Strategic Developments - The company has nominated new board members, including Mr. Li Shiqi and Mr. Zuo Xiaopeng, for the eighth board term[9] - The company has agreed to transfer 55% equity in Tianjin Tebian Electric Transformer Co., Ltd. to its wholly-owned subsidiary, indicating a strategic restructuring[8] - The company has elected Mr. Li Shiqi as the new chairman, ensuring continuity in leadership[11] - The company plans to continue expanding its market presence and invest in new product development to drive future growth[18] Operational Metrics - The weighted average return on equity increased by 0.30 percentage points to 4.90%[1] - Other income for the first three quarters of 2024 was CNY 21,948,316.43, significantly up from CNY 12,918,788.79 in 2023[16] - The company reported a decrease in credit impairment losses to CNY -3,809,651.75 from CNY -12,291,568.16 year-over-year[16] - Earnings per share for the first three quarters of 2024 was CNY 0.0947, compared to CNY 0.0888 in the same period of 2023[17] - The company's cash and cash equivalents decreased to CNY 672,509,268.76 from CNY 767,545,628.86, representing a decline of approximately 12.4%[12] - Accounts receivable increased to CNY 1,117,822,587.09, up from CNY 980,218,647.89, indicating a growth of about 14.0%[12] - Inventory rose to CNY 529,843,274.70, compared to CNY 475,884,958.97, reflecting an increase of approximately 11.3%[12] - Current liabilities decreased to CNY 1,533,626,420.84 from CNY 1,629,082,177.07, a reduction of about 5.8%[13] - Short-term borrowings were reduced to CNY 281,907,689.31 from CNY 432,724,385.97, showing a decrease of approximately 34.9%[13] - The company reported a non-current asset total of CNY 1,324,699,488.61, an increase from CNY 1,283,916,214.68, representing a growth of about 3.2%[13]