CAMCE(002051)2024-10-29 12:11Financial Performance - The company's operating revenue for Q3 2024 was ¥3,110,717,396.94, a decrease of 8.80% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥51,657,776.94, down 33.33% year-on-year[2]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥42,126,801.48, a decline of 63.48% compared to the previous year[2]. - The total revenue for the third quarter of 2024 was reported at approximately 17.15 billion RMB, a decrease from 18.14 billion RMB in the previous quarter, reflecting a decline of about 5.4%[11]. - The net profit for Q3 2024 was approximately CNY 323.73 million, a decrease of 6.4% compared to CNY 345.93 million in Q3 2023[15]. - The operating profit for Q3 2024 was CNY 452.30 million, a decline of 10.5% from CNY 505.12 million in Q3 2023[15]. - The total comprehensive income for Q3 2024 was CNY 335.60 million, down from CNY 437.60 million in Q3 2023[15]. - Basic earnings per share for Q3 2024 were CNY 0.26, compared to CNY 0.28 in the same quarter last year[15]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥1,686,324,362.30, representing a decrease of 124.47%[5]. - The company's cash and cash equivalents decreased to approximately 5.08 billion RMB from 6.93 billion RMB, representing a decline of around 26.7%[11]. - Cash and cash equivalents at the end of Q3 2024 were CNY 4.89 billion, a decrease from CNY 6.12 billion at the end of Q3 2023[18]. - The company reported a cash outflow from financing activities of CNY 242.83 million, contrasting with an inflow of CNY 109.85 million in Q3 2023[18]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥23,415,608,767.77, an increase of 3.51% from the end of the previous year[2]. - The total assets of the company at the end of the quarter were approximately 18.14 billion RMB, reflecting a decrease from the previous period[11]. - The total liabilities rose to CNY 11,882,849,676.31, compared to CNY 11,280,647,354.87, indicating an increase of 5.34%[13]. - The equity attributable to shareholders at the end of Q3 2024 was ¥11,404,505,096.59, up 1.61% from the end of the previous year[2]. - The total equity attributable to shareholders of the parent company reached CNY 11,404,505,096.59, up from CNY 11,223,909,455.66, reflecting a growth of 1.61%[13]. Expenses and Financial Performance - Financial expenses increased by 174.16% year-on-year, primarily due to foreign exchange losses of ¥84 million in the current period[5]. - The company reported a financial expense of CNY 128,402,560.17, compared to a financial income of CNY -173,135,364.29 in the previous year, indicating a significant change in financial performance[14]. - Research and development expenses for the quarter were CNY 372,391,365.99, down from CNY 413,130,792.93, a reduction of 9.85%[14]. Inventory and Receivables - The inventory increased to approximately 3.95 billion RMB, up from 3.45 billion RMB, indicating a rise of about 14.5%[11]. - The accounts receivable increased slightly to approximately 5.49 billion RMB from 5.43 billion RMB, showing a growth of about 1.0%[11]. Foreign Exchange and Risk Management - The company reported a significant decline in net profit due to the impact of exchange rate fluctuations, with a notable decrease in USD exchange rate benefits compared to the previous year[5]. - The company reported a foreign exchange hedging loss of approximately 29.63 million RMB during the reporting period[10]. - The company has engaged in foreign exchange derivative hedging with a total locked amount of 193 million USD and 1.65 million EUR at the beginning of the period[9]. - The company will continue to monitor exchange rate fluctuations and implement measures to manage currency risk effectively[5]. Investments and Agreements - The company signed a cooperation agreement for the construction of the Xinjiang Atushi Tianmen Cableway Complex, with an estimated investment scale of around 200 million RMB[9]. - The company’s long-term equity investments increased to approximately 555.21 million RMB from 294.62 million RMB, indicating a significant rise of about 88.5%[11]. - The company’s contract assets rose to approximately 368.86 million RMB from 222.43 million RMB, marking an increase of about 65.8%[11]. - Non-recurring gains and losses totaled ¥9,530,975.46 for the current period, with government subsidies contributing ¥3,988,891.67[3].