xilinmen(SH:603008)2024-10-29 08:32Financial Performance - The company's operating revenue for Q3 2024 was ¥2,018,641,710.01, a decrease of 10.85% compared to the same period last year[2] - The net profit attributable to shareholders was ¥141,455,558.29, reflecting a decline of 15.81% year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥142,752,100.55, down 15.25% from the previous year[2] - The basic earnings per share for the quarter was ¥0.37, a decrease of 15.91% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 was CNY 5,976,242,905.26, a decrease of 1.53% compared to CNY 6,069,149,058.11 in the same period of 2023[16] - Net profit for the third quarter of 2024 was CNY 379,398,133.42, a decrease of 4.4% from CNY 398,873,311.57 in the same quarter of 2023[17] - The company reported a total comprehensive income of CNY 372,320,073.18 for the third quarter of 2024, down from CNY 391,646,690.22 in the previous year[20] - Basic and diluted earnings per share for the third quarter of 2024 were both CNY 0.99, compared to CNY 1.01 in the same quarter of 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,640,482,937.12, a decrease of 2.97% from the end of the previous year[4] - The company's total liabilities decreased to CNY 4,643,170,018.42 in Q3 2024 from CNY 4,966,503,200.57 in Q3 2023, indicating improved financial stability[15] - The company's cash and cash equivalents decreased to CNY 1,776,346,506.64 from CNY 1,938,876,236.51[12] - The total current assets decreased to CNY 4,486,777,593.02 from CNY 4,687,192,374.30, a decline of about 4.29%[13] - The company's total cash outflow from operating activities was CNY 6,510,595,547.17 for the first three quarters of 2024, compared to CNY 6,127,297,956.73 in the same period of 2023[20] Shareholder Equity - The equity attributable to shareholders increased by 4.09% year-on-year, reaching ¥3,850,532,203.23[4] - The total equity attributable to shareholders increased to CNY 3,850,532,203.23 in Q3 2024 from CNY 3,699,181,749.39 in Q3 2023, reflecting positive retained earnings[15] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥40,483,592.76, down 73.84% compared to the previous year[6] - Net cash flow from operating activities for the first three quarters of 2024 was CNY 40,483,592.76, a decrease from CNY 154,726,249.63 in the same period of 2023[20] - The company’s net cash flow from investing activities for the first three quarters of 2024 was -CNY 257,976,718.57, slightly improved from -CNY 285,864,177.57 in the same period of 2023[20] - Cash inflow from financing activities totaled CNY 2,839,691,238.04 in the first three quarters of 2024, compared to CNY 2,892,297,069.03 in the same period of 2023[21] Operational Metrics - The company reported a significant decrease in accounts receivable financing by 91.46% due to reduced bill settlements[6] - The company experienced a 164.57% increase in financial expenses primarily due to reduced exchange gains[6] - Research and development expenses for the first three quarters of 2024 were CNY 125,344,028.93, slightly up from CNY 124,915,088.01 in 2023, indicating continued investment in innovation[16] - The company reported a significant reduction in short-term borrowings, decreasing from CNY 1,074,893,523.93 in Q3 2023 to CNY 1,547,818,144.17 in Q3 2024[15] Market Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[17]