BYE(603861)2024-10-29 09:55Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,419,087,912.13, representing a year-on-year increase of 35.89%[2] - Net profit attributable to shareholders for the same period was ¥51,966,498.80, a significant increase of 961.98% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,969,143.42, reflecting a year-on-year growth of 694.88%[2] - Basic earnings per share for Q3 2024 was ¥0.12, up 946.62% from the same period last year[2] - Net profit for the third quarter of 2024 was CNY 124,640,174.04, compared to CNY 60,431,594.80 in the same quarter of 2023, representing a year-over-year increase of 106.5%[15] - The company's operating profit for the third quarter of 2024 was CNY 159,580,134.11, compared to CNY 68,001,201.35 in the same quarter of 2023, indicating an increase of 134.0%[15] - The total comprehensive income for the third quarter of 2024 was approximately CNY 124.64 million, compared to CNY 60.43 million in the same period last year, representing a significant increase[16] - Basic and diluted earnings per share for the third quarter of 2024 were both CNY 0.29, up from CNY 0.14 in the previous year, indicating a 107.14% increase[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,714,435,316.31, an increase of 8.76% compared to the end of the previous year[3] - Total assets increased to CNY 9,714,435,316.31 in Q3 2024, compared to CNY 8,931,694,749.09 in Q3 2023, marking a growth of 8.8%[13] - Total liabilities rose to CNY 6,542,727,130.92 in Q3 2024, up from CNY 5,828,978,004.87 in Q3 2023, reflecting an increase of 12.2%[13] - The company's total equity reached CNY 3,171,708,185.39 in Q3 2024, compared to CNY 3,102,716,744.22 in Q3 2023, showing a growth of 2.2%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥214,577,983.95 for the year-to-date, indicating a decrease in cash flow compared to the previous year[2] - Cash inflow from operating activities for the first three quarters of 2024 was CNY 3.39 billion, compared to CNY 3.11 billion in the same period of 2023, reflecting an increase of 9.06%[17] - The net cash flow from operating activities for the first three quarters of 2024 was negative CNY 214.58 million, worsening from negative CNY 171.90 million in the previous year[18] - Cash inflow from investment activities for the first three quarters of 2024 was CNY 1.37 billion, compared to CNY 787.72 million in the same period of 2023, showing a substantial increase of 74.36%[18] - The net cash flow from financing activities for the first three quarters of 2024 was CNY 246.04 million, a recovery from negative CNY 37.56 million in the previous year[18] - The cash and cash equivalents at the end of the third quarter of 2024 were CNY 408.96 million, compared to CNY 207.35 million at the end of the same period last year, indicating a significant improvement[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,764[8] - The top five shareholders hold a total of 72,003,672 shares each, representing 16.51% of the total shares[8] - The company reported a total of 11,941,477 shares held by Baiyun Electric Group Co., Ltd., representing 2.74% of total shares[8] - The company plans to repurchase shares using between ¥20 million and ¥30 million of its own funds, with 2,067,538 shares already repurchased, accounting for 0.47% of total shares[9] Operational Highlights - The company focused on smart grid and rail transit sectors, leading to significant revenue growth during the reporting period[6] - The company implemented cost control measures, contributing to profit growth despite increased procurement payments[7] - Research and development expenses for the first three quarters of 2024 amounted to CNY 121,606,527.80, significantly higher than CNY 86,559,301.51 in 2023, indicating a growth of 40.5%[15] Inventory and Receivables - Accounts receivable increased to ¥1,821,825,936.47 from ¥1,705,439,411.88 year-over-year[11] - Inventory has risen to ¥2,176,129,855.23, compared to ¥1,777,308,860.47 at the end of 2023[11] - Long-term receivables increased to ¥880,277,578.18 from ¥633,947,023.15 year-over-year[11] - The company has a total of 15,913,102.11 in contract assets as of September 30, 2024, compared to 10,748,775.24 previously[11] Non-Recurring Gains - Non-recurring gains for the period included government subsidies of ¥3,992,816.86, which positively impacted the financial results[4]