中国西电(601179) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was approximately CNY 4.88 billion, an increase of 4.29% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 reached CNY 334.39 million, representing a significant increase of 199.96% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 309.92 million, up 383.60% from the previous year[3]. - The net profit attributable to shareholders for the year-to-date period reached RMB 45.33 million, driven by a year-on-year increase in operating revenue and high value-added product deliveries[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the current period was RMB 383.60 million, with a significant increase in investment income from joint ventures and associates[9]. - Basic earnings per share for the current period was RMB 200.46, reflecting growth in operating revenue and a decrease in operating costs[9]. - Basic earnings per share for the year-to-date period was RMB 45.36, indicating a positive trend in financial performance[9]. - Operating profit for the first three quarters of 2024 was ¥1.15 billion, a significant increase of 57.7% compared to ¥725.92 million in 2023[16]. - The company reported a significant increase in investment income, reaching ¥99.84 million compared to ¥38.59 million in the previous year[16]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was CNY 1.40 billion, a recovery from a negative cash flow in the same period last year[3]. - The net cash flow from operating activities improved significantly due to a larger increase in cash received from sales compared to cash paid for purchases[9]. - Cash flow from operating activities generated ¥1.40 billion, a turnaround from a negative cash flow of ¥1.05 billion in the same period of 2023[18]. - The net cash flow from investing activities was -969,462,279.73 CNY, compared to -984,376,013.56 CNY in the previous period[19]. - Cash inflow from financing activities totaled 775,667,512.40 CNY, significantly lower than 6,654,425,747.10 CNY in the prior period[19]. - The net increase in cash and cash equivalents was -1,459,206,573.70 CNY, contrasting with an increase of 550,540,238.95 CNY in the last period[19]. - The ending balance of cash and cash equivalents stood at 7,833,093,195.83 CNY, down from 9,292,299,769.53 CNY at the beginning of the period[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45.65 billion, reflecting a 3.79% increase from the end of the previous year[4]. - The company's current assets totaled CNY 31.98 billion, slightly up from CNY 31.20 billion at the end of 2023, indicating a growth of about 2.5%[14]. - Total liabilities increased to CNY 20.90 billion from CNY 19.47 billion, which is an increase of about 7.3%[15]. - The company's equity attributable to shareholders rose to CNY 21.88 billion, up from CNY 21.66 billion, reflecting a growth of approximately 1.0%[15]. - The non-current assets totaled CNY 13.67 billion, an increase from CNY 12.78 billion, representing a growth of approximately 7.0%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 136,960, with the largest shareholder, China Electric Equipment Group Co., Ltd., holding 51.87% of shares[10]. - GE Smallworld (Singapore) PTE LTD held 15.00% of shares, making it the second-largest shareholder[10]. Operational Efficiency - The increase in net profit was attributed to higher operating revenue, reduced operating costs, and increased investment income from joint ventures[8]. - The company is focusing on expanding its market presence and enhancing its product offerings, particularly in high value-added segments[9]. - The cash flow from operating activities showed a positive turnaround, indicating improved operational efficiency[9]. - Research and development expenses increased to ¥587.66 million, representing a rise of 29.4% from ¥454.00 million in the previous year[16]. Other Income and Expenses - The company reported a year-on-year increase in other income, primarily due to a significant rise in VAT deductions[9]. - The company achieved a total operating cost of ¥14.18 billion, an increase of 3.6% from ¥13.69 billion in the previous year[16]. - Other comprehensive income after tax was reported at -¥94.39 million, an improvement from -¥212.06 million in the same period of 2023[17].