TBEA(600089)2024-10-29 09:18Financial Performance - Operating revenue for Q3 2024 was CNY 2,448,289.06 thousand, an increase of 2.80% year-on-year[2] - Net profit attributable to shareholders decreased by 33.87% in Q3 2024, amounting to CNY 126,296.47 thousand[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.25% in Q3 2024, totaling CNY 103,810.95 thousand[2] - Basic earnings per share for Q3 2024 was CNY 0.2516, down 40.08% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 72,340,751,675.10, a decrease of 1.8% compared to CNY 73,656,272,117.44 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 4,493,704,035.25, down 64.7% from CNY 12,684,594,215.40 in 2023[15] - The total comprehensive income attributable to the parent company for the first three quarters of 2024 is CNY 4,386,931,222.21, a decrease of 50.7% compared to CNY 8,907,223,410.96 in the same period of 2023[19] - Basic and diluted earnings per share for the first three quarters of 2024 are CNY 0.8560, down from CNY 2.2754 in the same period of 2023, representing a decline of 62.4%[19] Assets and Liabilities - Total assets at the end of Q3 2024 reached CNY 21,170,817.59 thousand, reflecting a 10.32% increase from the end of the previous year[2] - As of September 30, 2024, total assets reached CNY 211.71 billion, an increase of 10.36% from CNY 191.90 billion at the end of 2023[11] - Current assets totaled CNY 88.33 billion, up from CNY 76.76 billion, reflecting a growth of 15.67%[10] - Total liabilities increased to CNY 120,249,062,606.36, up 15.4% from CNY 104,166,438,241.62 at the end of 2023[13] - The company's total equity reached CNY 91,459,113,316.66, an increase of 4.0% from CNY 87,731,877,976.99 at the end of 2023[13] - The company's total liabilities decreased to ¥28,304,050,555.31 from ¥29,072,811,517.83 at the end of 2023, a reduction of 2.6%[23] - The equity attributable to shareholders rose to ¥31,219,536,144.79, compared to ¥26,280,768,433.42 at the end of 2023, marking an increase of 18.5%[23] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 53.70%, amounting to CNY 744,191.96 thousand[2] - Cash inflow from operating activities for the first three quarters of 2024 is CNY 78,925,891,418.10, a decrease of 2.9% from CNY 81,273,353,756.73 in the same period of 2023[19] - Net cash flow from operating activities for the first three quarters of 2024 is CNY 7,441,919,583.70, down 53.7% from CNY 16,074,508,943.14 in the same period of 2023[19] - Cash inflows from financing activities totaled approximately CNY 27.09 billion in 2024, an increase of 76% compared to CNY 15.41 billion in 2023[28] - The net cash flow from financing activities in 2024 is negative at approximately CNY -3.02 billion, contrasting with a positive net flow of CNY 996.71 million in 2023[28] Expenses - Operating costs increased to CNY 66,502,208,294.86, up 12.6% from CNY 59,070,773,727.48 year-over-year[14] - Research and development expenses rose to CNY 1,058,079,992.98, an increase of 29.9% compared to CNY 815,145,352.34 in the previous year[14] - The company reported a significant increase in financial expenses, which surged to ¥209,832,100.23, compared to ¥9,409,903.58 in the same period of 2023, indicating a substantial increase in interest expenses[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 318,962[6] - The largest shareholder, Xinjiang Tebian Electric Group Co., Ltd., held 11.50% of the shares[6] Future Outlook - Future outlook includes continued investment in new technologies and market expansion strategies to drive growth and enhance competitive advantage[10]