CCA(603100)2024-10-29 10:28Financial Performance - The company's operating revenue for Q3 2024 was CNY 187,741.56 million, a decrease of 0.61% compared to the same period last year[2]. - The net profit attributable to shareholders was CNY 19,559.85 million, an increase of 7.84% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 16,583.29 million, up by 0.97% compared to the previous year[2]. - The basic earnings per share for the period was CNY 0.38, reflecting a growth of 5.56% year-on-year[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 5,621,788,991.41, an increase from CNY 5,482,716,755.24 in the same period of 2023, representing a growth of approximately 2.5%[15]. - Net profit for the first three quarters of 2024 was CNY 559,287,169.31, compared to CNY 536,710,803.64 in 2023, reflecting an increase of about 4.2%[16]. - Earnings per share for the first three quarters of 2024 were CNY 1.09, compared to CNY 1.05 in the same period of 2023, reflecting an increase of approximately 3.8%[16]. - The total comprehensive income for the first three quarters of 2024 was CNY 559,128,780.04, compared to CNY 536,738,795.73 in 2023, indicating a growth of about 4.1%[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 828,668.85 million, a decrease of 0.40% from the end of the previous year[3]. - The equity attributable to shareholders increased to CNY 424,024.40 million, representing a growth of 7.21% compared to the end of the previous year[3]. - The company's total assets amounted to CNY 8,286,688,524.61, slightly down from CNY 8,319,848,747.34 in the previous year, indicating a decrease of about 0.4%[14]. - The company's total liabilities amounted to CNY 4,029,233,095.18, down from CNY 4,348,238,754.27 in the previous year, indicating a reduction of approximately 7.3%[14]. - The total liabilities decreased from CNY 3.92 billion at the end of 2023 to CNY 3.76 billion, reflecting a decline of approximately 4.1%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -14,247.29 million, a significant decrease of 186.87% year-on-year[7]. - In the first three quarters of 2024, the company reported cash inflows from operating activities of approximately CNY 4.31 billion, a decrease of 1.7% compared to CNY 4.38 billion in the same period of 2023[17]. - The net cash flow from operating activities was negative CNY 142.47 million, contrasting with a positive CNY 164.01 million in the first three quarters of 2023[17]. - Cash inflows from investment activities totaled CNY 181.30 million, significantly lower than CNY 1.26 billion in the same period last year[18]. - The net cash flow from investment activities improved to CNY 111.13 million, compared to a negative CNY 389.73 million in the previous year[18]. - The company reported cash outflows from financing activities of CNY 317.83 million, slightly lower than CNY 320.75 million in the same period of 2023[18]. - The ending balance of cash and cash equivalents was CNY 2.12 billion, down from CNY 1.26 billion at the beginning of the year[18]. - The company received CNY 303.84 million in dividend payments, an increase from CNY 246.76 million in the same period last year[18]. - The company experienced a foreign exchange loss of CNY 710,696.12, compared to a gain of CNY 842,218.36 in the previous year[18]. Investments and Expenses - Research and development expenses for the first three quarters of 2024 were CNY 395,178,626.52, slightly up from CNY 388,439,449.37 in 2023, showing a growth of approximately 1.9%[15]. - The company reported a decrease in sales expenses to CNY 670,150,791.31 from CNY 714,320,145.58, a reduction of about 6.2%[15]. - The company plans to raise up to CNY 660 million through a private placement to fund the construction of intelligent regulating valves and to supplement working capital[11]. Market Strategy - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[17]. - The company is committed to improving operational efficiency and managing costs effectively in response to the current market conditions[17].