Flat(601865)2024-10-29 09:18Financial Performance - Revenue for the third quarter was RMB 3,907,891,430.35, a decrease of 37.03% compared to the same period last year[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB -202,973,418.07, a decrease of 122.97% year-on-year[2] - Net profit for the first nine months of 2024 was 1.30 billion CNY, a decrease from 1.97 billion CNY in the same period of 2023[17] - Operating income for the first nine months of 2024 was 14.60 billion CNY, down from 15.88 billion CNY in the same period of 2023[17] - Comprehensive income attributable to parent company shareholders decreased to 1,264,751,586.66 RMB from 1,956,603,279.35 RMB in the previous year[18] - Basic and diluted earnings per share were 0.55 RMB, down from 0.90 RMB in the same period last year[18] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 44,112,509,494.84, an increase of 2.63% compared to the end of the previous year[4] - Total assets increased to 44.11 billion CNY as of September 30, 2024, compared to 42.98 billion CNY at the end of 2023[15] - Total liabilities rose to 21.74 billion CNY, up from 20.69 billion CNY at the end of 2023[16] - Total equity attributable to the parent company's shareholders increased to 22.29 billion CNY as of September 30, 2024, from 22.22 billion CNY at the end of 2023[16] - Long-term loans increased to 7.44 billion CNY as of September 30, 2024, up from 6.66 billion CNY at the end of 2023[16] - Inventory increased to 2.17 billion CNY as of September 30, 2024, compared to 2.00 billion CNY at the end of 2023[15] Cash Flow - The net cash flow from operating activities for the period was RMB 3,016,985,554.74, a significant improvement from the previous year[7] - Net cash flow from operating activities significantly improved to 3,016,985,554.74 RMB from -20,926,981.33 RMB in the previous year[19] - Cash received from sales of goods and services increased to 9,489,508,855.91 RMB from 8,401,966,384.11 RMB[19] - Net cash flow from investing activities was -4,242,860,171.80 RMB, compared to -3,217,251,123.13 RMB in the previous year[20] - Cash paid for construction of fixed assets, intangible assets, and other long-term assets increased to 4,134,470,859.86 RMB from 2,985,540,423.24 RMB[20] - Net cash flow from financing activities was -135,304,914.00 RMB, a significant decrease from 7,697,992,926.37 RMB in the previous year[20] - Cash and cash equivalents at the end of the period decreased to 4,102,537,278.72 RMB from 6,805,547,703.82 RMB[20] - Cash and cash equivalents decreased to 5.20 billion CNY as of September 30, 2024, from 6.62 billion CNY at the end of 2023[15] Shareholder Information - HKSCC NOMINEES LIMITED holds 441,652,960 shares, representing 18.85% of the total shares[10] - Ruan Hongliang holds 439,358,400 shares, representing 18.75% of the total shares[10] - Ruan Zeyun holds 350,532,000 shares, representing 14.96% of the total shares[10] - Jiang Jinhua holds 324,081,600 shares, representing 13.83% of the total shares[10] - Hong Kong Securities Clearing Company Limited holds 55,167,444 shares, representing 2.35% of the total shares[10] Share Repurchase and Cancellation - The company repurchased 8,285,000 H shares, accounting for 0.35% of the total issued shares and 1.84% of the total H shares[11] - The total amount used for the H share repurchase was HKD 122,291,740[11] - The company completed the cancellation of 8,285,000 H shares, reducing the total number of shares from 2,351,324,281 to 2,343,039,281[12] - The company plans to repurchase and cancel 120,000 restricted shares due to the departure of an incentive object[13] - The repurchase and cancellation of the restricted shares are still in process as of the report date[14] Expenses and Other Financial Metrics - Research and development expenses for the first nine months of 2024 were 479.77 million CNY, slightly lower than 488.80 million CNY in the same period of 2023[17] - Interest expenses for the first nine months of 2024 were 417.44 million CNY, up from 377.28 million CNY in the same period of 2023[17] - Other income increased by 125.60% to RMB 100,203,738.26, mainly due to the benefits from VAT deduction policies[7][8] Asset Changes - The company's construction in progress increased by 107.30% to RMB 3,640,248,496.21, mainly due to the ongoing photovoltaic glass manufacturing projects in Anhui and Nantong bases[7][8] - Intangible assets increased by 94.44% to RMB 6,376,730,051.37, primarily due to the recognition of mining rights[7][8] - Short-term borrowings decreased by 34.00% to RMB 1,263,045,007.52, reflecting a reduction in the company's short-term debt[7][8] - Other receivables increased by 71.05% to RMB 189,838,724.10, mainly due to an increase in deposits and guarantees[7][8] - The company's inventory stock increased by 1,336.51% to RMB 229,647,592.17, primarily due to the repurchase of company shares[7][8]