滨江集团(002244) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥16,582,621,964.72, a decrease of 14.36% compared to ¥19,364,064,234.17 in the same period last year[3]. - Net profit attributable to shareholders was ¥467,268,446.40, down 44.11% from ¥836,037,245.82 year-on-year[3]. - The net profit excluding non-recurring gains and losses was ¥360,556,498.73, a decline of 56.31% compared to ¥825,153,930.36 in the previous year[3]. - Basic and diluted earnings per share were both ¥0.15, down 42.31% from ¥0.26 year-on-year[3]. - The weighted average return on equity decreased to 1.75% from 3.26% in the previous year[3]. - The net profit for the third quarter of 2024 was CNY 1,771,871,725.81, a decrease of 39.5% compared to CNY 2,936,350,769.74 in the same period last year[13]. - The operating profit for the third quarter was CNY 2,763,935,843.69, compared to CNY 4,267,359,777.60 in the same quarter last year, reflecting a decrease of 35.2%[13]. - The company reported a total profit of CNY 2,740,824,548.24, down 35.7% from CNY 4,266,552,874.31 year-over-year[13]. - The basic earnings per share for the third quarter were CNY 0.52, a decline from CNY 0.79 in the same quarter last year[14]. - The total comprehensive income for the third quarter was CNY 1,749,896,947.97, down from CNY 2,954,485,563.28 in the same period last year[14]. Cash Flow - The net cash flow from operating activities was -¥1,406,942,092.85, a significant drop of 105.04% from ¥27,895,247,297.29 in the same period last year[3]. - The net cash flow from operating activities decreased by 105.04% to -1,406,942,092.85 CNY, primarily due to a decline in sales and restrictions on mortgage disbursement conditions[9]. - Total cash inflow from operating activities was 435,895,116.55 CNY, while total cash outflow was 37,600,051,543.25 CNY[16]. - The cash flow from financing activities improved by 77.10% to -1,515,948,713.48 CNY, reflecting a decrease in cash used for debt repayment[9]. - The net increase in cash and cash equivalents for Q3 2024 was -3,576,159,873.84 CNY, compared to an increase of 5,592,349,066.80 CNY in the previous year[17]. - Total cash inflow from investment activities was 6,093,356,530.35 CNY, while cash outflow was 6,743,952,562.31 CNY, resulting in a net cash flow of -650,596,031.96 CNY[16]. - Cash received from investment recoveries increased by 1554.44% to 1,077,845,345.01 CNY, attributed to an increase in recoveries from financial assets and equity investments[9]. - Cash received from investment income rose by 1334.36% to 567,901,853.15 CNY, driven by increased dividends from joint ventures[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥290,031,735,564.93, reflecting a decrease of 4.18% from the previous year[3]. - The company's inventory decreased from 172,697,519,388.15 CNY to 165,951,569,766.78 CNY, indicating a reduction in stock levels[11]. - Total liabilities decreased from 231,576,891,764.52 CNY to 219,487,304,015.69 CNY, with a notable reduction in current liabilities[12]. - The company's non-current liabilities due within one year decreased by 45.87% to ¥5,976,372,141.10, as a result of loan repayments[8]. - The equity attributable to shareholders was ¥25,302,261,949.00, an increase of 4.94% compared to the previous year[3]. - The total equity attributable to shareholders increased from 25,302,261,949.00 CNY to 26,553,354,353.63 CNY, reflecting retained earnings growth[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,260, with the largest shareholder, Hangzhou Binjiang Investment Holding Co., Ltd., holding 45.41% of shares[6]. - The top ten shareholders include several private equity funds, with the largest fund holding 1.21% of shares[7]. Investment and Financial Assets - The company's trading financial assets increased by 86.47% to ¥216,596,859.27 due to the purchase of wealth management products[8]. - The investment income for the first nine months of 2024 rose by 31.59% to ¥563,644,569.04, attributed to gains from the disposal of long-term equity investments[8]. - The company recorded an investment income of CNY 563,644,569.04, an increase from CNY 428,331,943.81 in the previous year[13]. - The company experienced a net loss from asset impairment of CNY 84,949,052.50, a significant improvement compared to a loss of CNY 624,719,500.84 in the previous year[13]. - The credit impairment loss decreased by 169.02% to ¥106,974,116.24, due to a reduction in other receivables[8]. - The company paid 21,798,168,586.95 CNY in debt repayments during the quarter, compared to 33,114,313,208.36 CNY in the previous year[16].