BYD(01211)2024-10-30 11:32Financial Performance - Total revenue for Q3 2024 reached RMB 201.12 billion, an increase of 24.04% compared to the same period last year[3] - Net profit attributable to shareholders was RMB 11.61 billion, reflecting an 11.47% year-on-year growth[3] - The net profit after deducting non-recurring gains and losses was RMB 10.88 billion, up 12.67% year-on-year[3] - Total revenue for the current period reached RMB 502.25 billion, a 19% increase from RMB 422.27 billion in the previous period[22] - Net profit attributable to shareholders of the parent company was RMB 25.24 billion, compared to RMB 21.37 billion in the previous period, reflecting a 18% increase[25] - The total comprehensive income for the current period was RMB 26.20 billion, compared to RMB 22.39 billion in the previous period, reflecting a 17% increase[29] - Basic and diluted earnings per share for the current period were both RMB 8.68, compared to RMB 7.35 in the previous period, representing a 18% increase[29] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was RMB 56.27 billion, a decrease of 42.50% compared to the previous year[3] - The net cash flow from operating activities decreased by 42.50% to RMB 56.27 billion from RMB 97.86 billion, mainly due to increased cash payments for goods and services[9] - Operating cash inflow for the current period reached RMB 523.99 billion, an increase from RMB 422.94 billion in the previous period, reflecting a growth of approximately 24%[31] - Cash outflow for purchasing goods and services was RMB 339.29 billion, up from RMB 222.18 billion, indicating a significant increase of about 53%[31] - The net increase in cash and cash equivalents for the current period was a decrease of RMB 42.70 billion, compared to an increase of RMB 4.08 billion in the previous period[34] - The ending balance of cash and cash equivalents was RMB 65.81 billion, up from RMB 55.27 billion in the previous period[34] Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 764.26 billion, a 12.47% increase from the end of the previous year[3] - The company's total liabilities amounted to RMB 595.46 billion as of September 30, 2024, compared to RMB 529.09 billion at the start of the year, which is an increase of about 12.5%[19] - The company's total equity increased to RMB 168.80 billion as of September 30, 2024, compared to RMB 150.46 billion at the beginning of the year, indicating a growth of about 12.2%[19] - The total equity attributable to shareholders of the parent company increased to RMB 155.46 billion from RMB 138.81 billion, marking a 12% growth[22] Expenses - Sales expenses for the first nine months of 2024 increased by 38.85% to RMB 23.92 billion compared to RMB 17.23 billion in the same period of 2023, primarily due to higher advertising and exhibition costs[8] - Research and development expenses rose by 33.61% to RMB 33.32 billion from RMB 24.94 billion year-on-year, mainly driven by increased employee compensation and material consumption[8] - The company reported a 35.65% increase in income tax expenses, amounting to RMB 5.07 billion compared to RMB 3.74 billion in the previous year, reflecting higher profits[8] Investments and Other Income - The company reported a significant increase in trading financial assets, rising by 165.78% to RMB 25.42 billion[6] - Investment income increased by 90.67% to RMB 1.86 billion from RMB 975 million, primarily due to higher returns from joint ventures and foreign exchange derivative trading[8] - Other income surged by 221.02% to RMB 9.05 billion, up from RMB 2.82 billion, attributed to increased VAT refunds and government subsidies related to daily operations[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 270,381, with 270,268 being A-share shareholders[10] - HKSCC Nominees Limited held the largest shareholding at 37.72%, with 1,097,453,699 shares[10] - Wang Chuanfu, a major shareholder, owned 17.65% of the shares, totaling 513,623,850 shares, with 385,217,887 shares subject to lock-up[10] Inventory and Receivables - Accounts receivable financing surged by 420.22% to RMB 28.95 billion, driven by increased automotive business[6] - Inventory levels increased by 41.84% to RMB 124.36 billion due to higher market orders[6] - Accounts receivable increased to RMB 79.44 billion from RMB 61.87 billion, reflecting a rise of approximately 28.4%[15] - Inventory levels rose significantly to RMB 124.36 billion, up from RMB 87.68 billion, marking an increase of around 42%[15]