MYSE(601615)2024-10-30 07:51Financial Performance - The company's operating revenue for Q3 2024 was CNY 8,440,559,256, a decrease of 19.39% compared to CNY 10,398,611,805 in the same period last year[4] - Net profit attributable to shareholders was CNY 147,854,295.34, down 74.57% from CNY 573,680,529.77 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 123,009,929.24, a decline of 77.47% compared to CNY 538,222,032.16 in the previous year[4] - Basic earnings per share decreased by 73.08% to CNY 0.07 from CNY 0.26 in the same period last year[4] - The weighted average return on net assets was 0.54%, down from 1.97% in the previous year[4] - The company reported a net cash flow from operating activities of CNY -4,637,441,458.49 for the year-to-date, compared to CNY -2,319,208,958.69 in the same period last year[4] - The company experienced a significant decline in profit mainly due to falling wind turbine prices and a decrease in offshore wind turbine delivery scale[11] - The net profit attributable to shareholders for the reporting period is -74.57 million RMB, primarily due to the decline in wind turbine prices and a decrease in offshore wind turbine delivery scale[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the reporting period is -77.47 million RMB, consistent with the above reasons[12] - Basic and diluted earnings per share for the reporting period are both -73.08 RMB, mainly due to the decrease in net profit attributable to shareholders[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 83,861,255,864.75, reflecting a decrease of 1.54% compared to the previous year[4] - As of September 30, 2024, the total assets of Mingyang Smart Energy Group amounted to CNY 82.92 billion, a decrease from CNY 84.22 billion at the end of 2023, reflecting a decline of approximately 1.57%[18] - The company's total current assets increased to CNY 46.61 billion from CNY 43.68 billion, representing a growth of about 6.67%[18] - The total liabilities decreased slightly to CNY 54.68 billion from CNY 55.62 billion, a reduction of about 1.69%[19] - The company's total liabilities amounted to ¥45.24 billion, a decrease of 3.4% from ¥47.02 billion year-over-year[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 139,842[13] - The largest shareholder, WISER TYSON INVESTMENT CORP LIMITED, holds 157,062,475 shares, accounting for 6.91% of the total shares, with 121,700,475 shares pledged[13] - The second-largest shareholder, FIRST BASE INVESTMENTS LIMITED, holds 119,470,011 shares, accounting for 5.26% of the total shares, with 95,000,000 shares pledged[13] - The company has repurchased a total of 121,119,984 shares, representing 5.33% of the total share capital[15] - The company has a total of 200,051,612 shares held by its controlling shareholders, indicating significant ownership concentration[15] Cash Flow - The company reported a net cash inflow from operating activities of CNY 18,279,497,292.67 for the first three quarters of 2024[23] - The net cash flow from operating activities was -4.64 billion RMB, a decrease from -2.33 billion RMB in the previous year, indicating a worsening cash flow situation[24] - Total cash inflow from investment activities increased to 3.45 billion RMB, compared to 1.55 billion RMB in the same period last year[24] - The net cash flow from financing activities was 5.37 billion RMB, down from 6.62 billion RMB year-over-year[25] - Cash and cash equivalents at the end of the period were 10.77 billion RMB, down from 9.86 billion RMB a year ago[25] Revenue and Expenses - The total revenue for the first three quarters of 2024 was CNY 20.24 billion, down from CNY 21.11 billion in the same period of 2023, indicating a decrease of approximately 4.14%[19] - The total operating costs rose to CNY 20.29 billion from CNY 20.15 billion, marking an increase of about 0.68%[19] - Research and development expenses for Q3 2024 were CNY 501,035,158.59, down 32.3% from CNY 739,969,305.31 in Q3 2023[21] - The financial expenses for Q3 2024 were CNY 274,899,105.05, significantly higher than CNY 18,135,207.61 in Q3 2023[21] - The investment income for Q3 2024 was CNY 745,546,200.86, an increase of 48.1% from CNY 503,468,265.78 in Q3 2023[21] Comprehensive Income - The total comprehensive income for Q3 2024 was CNY 864,931,068.65, a decrease of 32.0% from CNY 1,271,974,090.91 in Q3 2023[22] - The company reported a total comprehensive income of approximately ¥1.17 billion for the first three quarters of 2024, compared to ¥600.28 million in the same period of 2023[31]