航发科技(600391) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 657,089,704.92, a decrease of 44.78% year-over-year[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 38,041,682.47, an increase of 82.67% year-over-year[2] - The decrease in revenue was primarily due to reduced client demand and the company's push for balanced production[5] - The increase in net profit was driven by growth in subcontracting income, cost reduction efforts, and the depreciation of the RMB against the USD[5] - Total operating revenue for the first three quarters of 2024 was RMB 2.62 billion, a decrease of 13.8% compared to RMB 3.04 billion in the same period of 2023[16] - Net profit attributable to the parent company's shareholders was RMB 53.34 million, an increase of 60.7% compared to RMB 33.18 million in the same period of 2023[17] - Sales revenue from goods and services in the first three quarters of 2024 was 1,686,851,972.61 RMB, a decrease from 1,743,470,335.63 RMB in the same period of 2023[19] Asset and Liability Changes - Total assets as of the end of the reporting period were RMB 8,698,060,293.35, an increase of 21.95% compared to the end of the previous year[3] - Total assets increased to RMB 8,698,060,293.35 as of September 30, 2024, compared to RMB 7,132,496,627.26 at the end of 2023[13] - Current assets rose to RMB 6,336,838,409.42 from RMB 4,999,220,913.77 year-over-year[13] - Accounts receivable surged to RMB 2,184,758,153.43, up from RMB 929,635,954.78 at the end of 2023[11] - Inventory increased to RMB 3,416,251,476.28 compared to RMB 2,921,334,734.64 at the end of 2023[13] - Short-term borrowings jumped to RMB 1,701,197,916.71 from RMB 307,998,374.64 year-over-year[13] - Fixed assets declined to RMB 1,775,180,938.32 from RMB 1,877,107,976.83 year-over-year[13] - Total liabilities increased to RMB 6.07 billion, up 32% from RMB 4.60 billion in the previous year[14] - Long-term borrowings increased by 32.9% to RMB 569.06 million compared to RMB 428.15 million in the previous year[14] - Total owner's equity reached RMB 2.63 billion, a 3.7% increase from RMB 2.53 billion in the previous year[15] - The company's contract liabilities decreased to RMB 38.81 million, a 37.9% drop from RMB 62.51 million in the previous year[14] Cash Flow and Financial Activities - Cash and cash equivalents decreased to RMB 203,894,460.16 from RMB 617,109,806.72 at the end of 2023[11] - Total cash inflows from operating activities in the first three quarters of 2024 were 1,739,991,055.04 RMB, down from 1,809,674,218.11 RMB in the same period of 2023[19] - Cash outflows for purchasing goods and services in the first three quarters of 2024 increased to 2,776,293,217.31 RMB from 2,036,499,541.51 RMB in the same period of 2023[19] - Net cash flow from operating activities in the first three quarters of 2024 was -1,722,374,886.01 RMB, compared to -957,159,937.33 RMB in the same period of 2023[21] - Net cash flow from investing activities in the first three quarters of 2024 was -137,799,291.78 RMB, compared to -125,217,589.70 RMB in the same period of 2023[21] - Cash inflows from financing activities in the first three quarters of 2024 were 1,949,975,600.00 RMB, up from 1,681,040,000.00 RMB in the same period of 2023[21] - Net cash flow from financing activities in the first three quarters of 2024 was 1,443,028,588.46 RMB, compared to 995,392,104.34 RMB in the same period of 2023[22] - The net increase in cash and cash equivalents in the first three quarters of 2024 was -413,230,162.72 RMB, compared to -84,839,271.70 RMB in the same period of 2023[22] - The ending balance of cash and cash equivalents as of September 2024 was 196,531,688.34 RMB, down from 235,749,481.92 RMB in the same period of 2023[22] Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 42,923[7] - The largest shareholder, China Aviation Engine Chengdu Engine Co., Ltd., held 36.02% of the shares[7] - China Aero Engine Chengdu Engine Co., Ltd. holds 118,907,305 shares, representing the largest shareholder position[8] - Hong Kong Securities Clearing Company Limited holds 3,940,480 shares, making it the second-largest shareholder[8] - China Merchants Bank Southern CSI 1000 ETF holds 2,786,700 shares, ranking third among shareholders[8] Earnings and Return Metrics - The weighted average return on equity (ROE) for the third quarter was 2.34%, an increase of 77.27 percentage points year-over-year[3] - The basic earnings per share (EPS) for the third quarter was RMB 0.1152, an increase of 82.67% year-over-year[6] - Basic earnings per share (EPS) increased to RMB 0.1616, up 60.8% from RMB 0.1005 in the same period of 2023[18] - Total comprehensive income for the first three quarters of 2024 was RMB 108.87 million, a 28.2% increase from RMB 84.90 million in the same period of 2023[17] Government Subsidies and R&D Expenses - Government subsidies received during the reporting period amounted to RMB 7,054,507.46[4] - R&D expenses increased by 30.1% to RMB 72.64 million compared to RMB 55.82 million in the same period of 2023[16]