双环传动(002472) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥2,420,349,007.92, representing a year-over-year increase of 10.73%[2] - Net profit attributable to shareholders for Q3 2024 was ¥265,017,848.48, up 20.01% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥257,637,936.44, reflecting a 23.27% increase year-over-year[2] - The total revenue for the first nine months of 2024 was ¥6,742,599,834.31, which is a 14.83% increase compared to the same period in 2023[4] - The total profit for the current period was ¥888,450,140.53, compared to ¥693,343,725.03 in the previous period, indicating an increase of approximately 28.19%[15] - The net profit for the current period was ¥766,681,539.62, compared to ¥613,899,052.56 in the previous period, indicating a growth of about 24.93%[15] - The operating profit for the current period was ¥891,826,947.14, up from ¥689,830,664.66 in the previous period, reflecting an increase of approximately 29.25%[14] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥14,502,604,476.61, a 10.11% increase from the end of the previous year[2] - Total assets increased to CNY 14.50 billion, up from CNY 13.17 billion year-over-year, representing a growth of approximately 10%[12] - Current assets rose to CNY 5.80 billion, compared to CNY 5.32 billion at the beginning of the period, reflecting an increase of about 8.8%[12] - Non-current assets totaled CNY 8.71 billion, up from CNY 7.85 billion, indicating a growth of approximately 10.9%[12] - Total liabilities increased to CNY 5.59 billion from CNY 4.83 billion, representing a growth of about 15.7%[12] Cash Flow - The company reported a net cash flow from operating activities of ¥1,037,673,270.44 for the year-to-date, down 13.95% year-over-year[2] - Cash flow from operating activities amounted to ¥6,087,831,755.72, compared to ¥5,297,955,226.91 in the previous period, showing an increase of approximately 14.93%[16] - Operating cash inflow totaled CNY 6,462,699,223.36, an increase of 12.9% compared to CNY 5,725,497,256.38 in the previous year[17] - Net cash flow from operating activities was CNY 1,037,673,270.44, down 13.9% from CNY 1,205,906,485.96 year-on-year[17] - Cash outflow from investing activities amounted to CNY 1,245,117,690.64, compared to CNY 876,596,857.50 in the previous year, indicating a significant increase in investment spending[17] - Net cash flow from financing activities was CNY 322,395,312.79, a turnaround from a negative cash flow of CNY -519,665,195.34 in the same period last year[17] Shareholder Actions - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, at a price not exceeding RMB 28.00 per share[7] - As of May 15, 2024, the company has repurchased a total of 7,985,700 shares, accounting for 0.94% of the total share capital, with a total transaction amount of RMB 199,978,325[8] - The company has approved a plan to repurchase shares at a board meeting held on October 29, 2023, and at a temporary shareholders' meeting on November 22, 2023[7] - The maximum transaction price for the repurchase of shares is set at RMB 28.00 per share, with a repurchase period of six months from the approval date[7] Research and Development - Research and development expenses increased to ¥323,720,017.14 from ¥262,307,186.49, marking a rise of about 23.5%[14] User Data and Shareholding - The company reported a significant increase in user data, with a total of 111,076,846 shares held by the largest shareholder, Hong Kong Central Clearing Limited[6] - The company has a total of 3,566,000 shares held by Agricultural Bank of China, accounting for 0.42% of the total share capital[6] - The company has not reported any changes in the top 10 shareholders due to the transfer of shares for margin trading[6] Subsidiary and Market Expansion - The company is in the process of splitting its subsidiary, Zhejiang Huandong Robot Joint Technology Co., Ltd., for an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, which is expected to enhance shareholder value[9] - The company is actively pursuing market expansion and technological advancements through its subsidiary's IPO[9] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 3.27%, an increase of 0.33% compared to the previous year[2] - The company's retained earnings rose to CNY 3.25 billion, up from CNY 2.62 billion, reflecting an increase of approximately 23.8%[13] - The total equity attributable to shareholders reached CNY 8.51 billion, compared to CNY 7.96 billion, indicating an increase of approximately 6.9%[13] - The company reported a decrease in other comprehensive income, which was CNY -984,882.65 compared to CNY -413,816.89 in the previous period[13] - The company experienced a net loss from credit impairment of ¥18,325,530.23, compared to a loss of ¥6,126,683.31 in the previous period, indicating a significant increase in impairment losses[14] - The tax expenses for the current period were ¥121,768,600.91, up from ¥79,444,672.47 in the previous period, reflecting an increase of approximately 53.36%[15] Audit Status - The report was not audited, indicating that the figures may be subject to change upon final review[18]