DEPPON(603056)2024-10-30 09:37Financial Performance - The company's operating revenue for Q3 2024 was CNY 9.85 billion, a year-on-year increase of 1.03%, and CNY 28.30 billion for the year-to-date, up 11.21% compared to the previous year[3]. - Net profit attributable to shareholders for Q3 2024 was CNY 184.16 million, a decrease of 19.40% year-on-year, while year-to-date net profit reached CNY 517.07 million, up 9.71%[3]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was CNY 153.70 million, an increase of 1.79% year-on-year, with a year-to-date figure of CNY 351.30 million, up 24.65%[3]. - Total operating revenue for the first three quarters of 2024 reached ¥28.30 billion, a 11.03% increase from ¥25.44 billion in the same period of 2023[27]. - Net profit for the first three quarters of 2024 was ¥518.46 million, representing a 10.35% increase compared to ¥469.81 million in 2023[29]. - Basic earnings per share for the first three quarters of 2024 were ¥0.51, up from ¥0.46 in the same period of 2023[30]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 16.71 billion, a decrease of 4.56% from the end of the previous year, while net assets attributable to shareholders increased by 4.95% to CNY 8.06 billion[4]. - The company's current assets totaled CNY 9.15 billion, down from CNY 9.38 billion at the end of 2023, indicating a decrease of about 2.4%[24]. - The total liabilities decreased to CNY 8.63 billion from CNY 9.81 billion, reflecting a reduction of approximately 12.0%[26]. - The total equity attributable to shareholders rose to CNY 8.06 billion from CNY 7.68 billion, an increase of approximately 4.9%[26]. - The company's total assets as of September 30, 2024, included cash and cash equivalents of ¥1.01 billion[33]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 2.30 billion, an increase of 2.89% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2024 was ¥2.30 billion, slightly up from ¥2.23 billion in 2023[31]. - The company reported a net cash outflow from investing activities of ¥2.14 billion in 2024, compared to a net outflow of ¥448.83 million in 2023[32]. - The net cash flow from investment activities was -¥965,854,474.64 in 2024, contrasting with a positive cash flow of ¥711,381,583.13 in 2023[39]. - Cash inflow from operating activities was ¥1,008,401,063.61 in the first three quarters of 2024, down from ¥1,126,730,231.29 in 2023, reflecting a decline of 10.5%[38]. Operational Efficiency - The express delivery business revenue for Q3 2024 was CNY 5.35 billion, a decrease of 18.00% year-on-year, while the revenue from other businesses, mainly warehousing and supply chain, increased by 33.82% to CNY 4.35 billion[8]. - The transportation cost for Q3 2024 was CNY 4.36 billion, a year-on-year increase of 12.30%, with the cost ratio rising by 4.44 percentage points[11]. - The company's period expenses for Q3 2024 were 5.18 billion RMB, a decrease of 14.88% year-on-year[15]. - The gross profit margin decreased by 0.71 percentage points to 7.42% in Q3 2024 from 8.13% in Q3 2023[14]. - The management expenses decreased by 32.69% year-on-year to 2.60 billion RMB, reflecting improved operational efficiency[13]. Strategic Initiatives - The company plans to continue enhancing its network coverage and customer service experience through strategic investments and operational improvements[11]. - The company achieved a delivery success rate improvement of 2.6 percentage points year-on-year, with a significant reduction in customer complaints related to delivery[17]. - The company has enhanced its large-item delivery capabilities, achieving a rural coverage rate of 94.18%[17]. Research and Development - Research and development expenses decreased to ¥141.47 million in 2024 from ¥175.20 million in 2023, a reduction of 19.31%[27]. - Research and development expenses for the first three quarters were CNY 918,396.60, compared to CNY 780,451.66 in the same period last year, indicating a 17.7% increase[36].