SIPG(600018)2024-10-30 07:41Financial Performance - The company's operating revenue for Q3 2024 was ¥9,188,726,021.84, a decrease of 18.84% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥3,394,966,091.05, down 15.79% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,342,341,471.03, a decrease of 13.16% compared to the previous year[2]. - Basic earnings per share for the quarter were ¥0.1464, a decline of 15.86% year-on-year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 29,026,298,539.82, an increase from CNY 27,433,687,326.90 in the same period of 2023, representing a growth of approximately 5.8%[13]. - The net profit for Q3 2024 reached CNY 12,719,376,876.94, an increase from CNY 12,003,657,101.18 in Q3 2023, representing a growth of approximately 5.94%[15]. - The total profit for Q3 2024 was CNY 14,762,626,235.68, up from CNY 13,798,993,569.90 in Q3 2023, reflecting a growth of approximately 6.98%[15]. - The basic earnings per share for Q3 2024 was CNY 0.5088, compared to CNY 0.4895 in Q3 2023, marking an increase of approximately 3.4%[16]. - The total comprehensive income for Q3 2024 was CNY 12,712,970,829.75, compared to CNY 11,817,361,980.10 in Q3 2023, indicating an increase of about 7.56%[16]. - The total comprehensive income for the first three quarters of 2024 was ¥6,240,018,993.39, compared to ¥6,732,716,431.54 in the same period of 2023, reflecting a decrease of 7.3%[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥210,173,007,195.12, an increase of 3.24% from the end of the previous year[3]. - Total current assets amounted to CNY 55,178,970,610.85, up from CNY 53,049,570,240.87 at the end of 2023, reflecting a growth of approximately 4.0%[10]. - Total assets as of September 30, 2024, were CNY 210,173,007,195.12, an increase from CNY 203,575,515,172.97 at the end of 2023, reflecting a growth of approximately 3.3%[11]. - Total liabilities decreased to CNY 65,296,320,847.48 from CNY 67,389,102,865.98, indicating a reduction of about 3.1%[12]. - The total liabilities increased to CNY 46,683,728,730.74 in Q3 2024 from CNY 40,221,016,198.83 in Q3 2023, reflecting an increase of approximately 16.1%[21]. - The total liabilities increased to ¥48,216,796,724.51 in Q3 2024, up from ¥41,894,646,963.82 in Q3 2023, reflecting a growth of 15.5%[22]. - The equity attributable to shareholders increased to CNY 130,870,509,003.70 from CNY 123,175,440,180.88, representing a growth of approximately 6.0%[12]. - The total equity rose to ¥90,020,777,940.25 in Q3 2024, compared to ¥87,973,640,773.53 in Q3 2023, marking an increase of 2.4%[22]. Cash Flow - The company reported a net cash flow from operating activities of ¥7,459,742,714.84, an increase of 4.68% year-to-date[2]. - The cash flow from operating activities for the first three quarters of 2024 was significantly higher than in the same period of 2023, representing a growth of approximately 31.5%[17]. - The net cash flow from operating activities for Q3 2024 was ¥4,161,926,157.49, a decrease of 20.2% compared to ¥5,214,304,784.65 in Q3 2023[26]. - Cash inflow from operating activities totaled ¥15,132,752,476.65, down 18.4% from ¥18,416,409,830.88 in Q3 2023[26]. - Cash outflow from operating activities was ¥10,970,826,319.16, a decrease of 16.8% compared to ¥13,202,105,046.23 in the previous year[26]. - The cash flow from financing activities showed a net outflow of CNY 4,299,582,009.36 in Q3 2024, compared to a net outflow of CNY 1,196,831,814.86 in Q3 2023, indicating a worsening of approximately 259.5%[19]. - The net cash flow from financing activities was ¥345,080,001.61, a significant improvement compared to a net outflow of -¥5,261,115,274.27 in Q3 2023[26]. - Total cash inflow from financing activities decreased to CNY 11,642,847,587.02 in Q3 2024 from CNY 14,788,781,903.21 in Q3 2023, representing a decline of about 21.5%[19]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 21,551,341,866.88, compared to CNY 20,130,102,114.74 in the first three quarters of 2023, indicating an increase of about 7.0%[13]. - Research and development expenses decreased to CNY 81,344,644.20 in Q3 2024 from CNY 115,082,999.04 in Q3 2023, a reduction of about 29.2%[15]. - The company's financial expenses decreased to CNY 313,073,249.71 in Q3 2024 from CNY 573,387,262.44 in Q3 2023, a reduction of approximately 45.5%[15]. - The company's financial expenses for the first three quarters of 2024 were ¥456,019,747.96, up from ¥378,862,579.68 in the same period of 2023, indicating a rise of 20.4%[23]. - Investment income for the first three quarters of 2024 was ¥4,605,248,559.45, down from ¥5,509,858,132.28 in the same period of 2023, a decline of 16.4%[23]. - The company's research and development expenses significantly decreased to ¥8,806,546.75 in the first three quarters of 2024 from ¥65,093,801.06 in the same period of 2023, a drop of 86.5%[23]. Shareholder Information - The company has a total of 142,647 common shareholders at the end of the reporting period[6]. - The largest shareholder, Shanghai State-owned Capital Investment Co., Ltd., holds 28.30% of the shares, totaling 6,590,134,081 shares[6]. Accounting Standards - The company has adopted new accounting standards starting from 2024, which may impact future financial reporting[27].