SDRB(000498)2024-10-29 12:48Financial Performance - The company's operating revenue for Q3 2024 was ¥14,182,327,586.49, a decrease of 1.20% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥437,246,267.94, an increase of 52.54% year-on-year[2]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥399,702,036.51, up by 49.20% compared to the previous year[2]. - The company's basic earnings per share for Q3 2024 was ¥0.2035, representing a growth of 31.97% year-on-year[2]. - The net profit for Q3 2024 was approximately ¥1.79 billion, a slight decrease from ¥1.82 billion in Q3 2023, representing a decline of about 1.5%[15]. - Total operating revenue for the period was ¥39.58 billion, down from ¥45.84 billion in the same period last year, indicating a decrease of approximately 13.7%[16]. - The total comprehensive income attributable to the parent company was approximately ¥1.66 billion, compared to ¥1.85 billion in the previous year, a decrease of about 10.4%[15]. - Basic earnings per share for Q3 2024 were ¥0.7292, down from ¥0.8231 in Q3 2023, reflecting a decline of approximately 11.4%[15]. Assets and Liabilities - The total assets as of September 30, 2024, reached ¥151,979,838,227.20, reflecting an increase of 8.92% from the end of the previous year[2]. - The total assets as of the end of the reporting period amounted to 109,514,684,119.65, an increase from 100,802,875,077.51 at the beginning of the period[11]. - Total liabilities increased to CNY 117,408,606,711.99 from CNY 106,865,582,330.35, marking a rise of 13.4%[13]. - The company’s total liabilities decreased by 46.24% in accounts payable, amounting to ¥3,347,879,478.07 as of September 30, 2024[5]. - The company’s long-term borrowings increased by 41.38%, reaching ¥14,314,299,878.76 due to new bank loans for PPP projects[5]. Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was -6,029,594,327.89, a decrease of 67.57% compared to -3,598,335,955.47 in the same period of 2023[7]. - The cash flow from operating activities showed a net outflow of approximately ¥6.03 billion, compared to a net outflow of ¥3.60 billion in the previous year, reflecting a worsening cash flow situation[17]. - The net cash flow from investing activities improved to -2,107,069,325.25, a 70.12% increase from -7,051,053,819.66 year-over-year, primarily due to increased recoveries from investment projects[7]. - Investment activities resulted in a net cash outflow of approximately ¥2.11 billion, an improvement from a net outflow of ¥7.05 billion in the previous year[17]. - The net cash flow from financing activities decreased by 41.56% to 7,177,939,322.46 from 12,283,099,071.21, mainly due to reduced fundraising inflows compared to the previous year[7]. - Financing activities generated a net cash inflow of approximately ¥7.18 billion, down from ¥12.28 billion in the same period last year, indicating a decrease of about 41.5%[17]. Investments and Shareholder Information - The company reported a significant increase in investment income of 108.08%, totaling ¥118,119,289.92 for the first nine months of 2024[6]. - Long-term equity investments rose to 8,762,208,423.47 from 7,692,737,349.84, indicating growth in strategic investments[11]. - As of September 30, 2024, the total number of ordinary shareholders was 50,814, with the largest shareholder, Shandong Expressway Group Co., Ltd., holding 49.75% of shares[8]. - The company repurchased 9,159,925 shares, representing 0.59% of the total share capital[9]. Cost Management - Total operating costs amounted to CNY 40,267,796,605.73, down from CNY 42,984,231,904.75, reflecting a cost reduction strategy[14]. - Research and development expenses for the period were CNY 1,020,049,459.96, a decrease from CNY 1,107,726,310.34, indicating a focus on cost management[14]. - The company reported a decrease in financial expenses to CNY 681,990,017.54 from CNY 581,413,874.06, reflecting improved financial management[14]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[14].