老凤祥(600612) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥12,622,782,772.87, a decrease of 41.89% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥372,048,105.36, down 46.20% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥238,699,442.98, a decline of 65.25% compared to the previous year[2]. - Basic and diluted earnings per share for Q3 2024 were both ¥0.7112, reflecting a decrease of 46.20% year-on-year[3]. - The company's net profit attributable to shareholders decreased by 319,505,593.74 CNY, a decline of 46.20% compared to the same period last year[9]. - The operating revenue for the reporting period decreased by 9,099,701,327.05 CNY, a decline of 41.89% year-on-year[9]. - The company reported a revenue of CNY 52,581,666,118.68 for the first three quarters of 2024, down from CNY 62,066,041,294.97 in the same period of 2023, representing a decrease of approximately 15.5%[16]. - Total operating revenue for the first three quarters of 2024 was CNY 56,203,316,515.66, a decrease of 10.5% compared to CNY 62,827,741,558.64 in the same period of 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥24,192,204,243.72, a decrease of 0.58% from the end of the previous year[3]. - The company's current assets totaled CNY 22,806,669,219.33, down from CNY 23,046,413,650.11 in the previous period[14]. - The company's total liabilities and equity amounted to CNY 24,192,204,243.72, consistent with the total assets reported[16]. - Total liabilities decreased to CNY 9,696,656,335.08 from CNY 10,598,757,357.73, reflecting a decline of approximately 8.5%[16]. - The balance of long-term borrowings decreased by 200,000,000.00 CNY, a decline of 100.00%, mainly due to reduced long-term borrowings by a subsidiary[8]. - The balance of non-current liabilities due within one year decreased by 895,308,579.75 CNY, a decline of 85.77%, primarily due to reduced long-term loans[8]. - The company's short-term borrowings decreased to CNY 5,062,576,487.69 from CNY 5,623,680,265.82, a reduction of about 10%[15]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥6,547,144,308.94, down 8.36% compared to the previous year[2]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 6,547,144,308.94, down 8.4% from CNY 7,144,077,822.02 in the same period of 2023[20]. - Cash inflow from financing activities totaled 11,758,850,949.88 CNY, up from 8,597,074,740.90 CNY year-over-year, reflecting increased borrowing[21]. - Cash outflow for debt repayment was 13,215,164,003.50 CNY, significantly higher than 8,893,181,846.06 CNY in the same period last year, indicating a rise in debt obligations[21]. - The net cash flow from financing activities was -3,258,677,434.14 CNY, worsening from -1,815,891,320.66 CNY in the previous year, highlighting increased financial strain[21]. - The company's cash and cash equivalents increased by 3,128,829,629.77 CNY, compared to an increase of 5,292,056,349.72 CNY in the prior period, showing a slowdown in cash growth[21]. - The ending balance of cash and cash equivalents reached 12,438,803,523.90 CNY, up from 10,865,172,580.91 CNY year-over-year, indicating overall liquidity improvement[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,580[11]. - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 42.09% of the shares[11]. - The equity attributable to shareholders increased by 6.55% year-on-year, reaching ¥12,332,142,915.43[3]. - The equity attributable to the owners of the parent company increased to CNY 12,332,142,915.43 from CNY 11,573,982,195.33, marking an increase of about 6.6%[16]. Other Financial Metrics - The company received government subsidies amounting to ¥195,594,227.24 during the reporting period, contributing to its non-recurring gains[4]. - Other income increased by 189,144,792.76 CNY, a growth of 1239.92% compared to the previous period, mainly due to increased government subsidies received[8]. - The company's credit impairment losses increased by 127,839,785.41 CNY, a growth of 834.67% compared to the previous period[8]. - The company executed new accounting standards starting in 2024, which may affect future financial reporting and performance metrics[21].