SHANTUI(000680)2024-10-30 10:46Financial Performance - The company's operating revenue for Q3 2024 reached ¥3,328,333,493.94, representing a year-over-year increase of 24.85%[2] - Net profit attributable to shareholders for the same period was ¥255,708,902.93, up 27.64% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥252,238,746.57, reflecting a 25.41% increase year-over-year[2] - The company reported a 30.64% increase in total operating revenue for the year-to-date, amounting to ¥9,836,344,457.69[6] - Total operating revenue for Q3 2024 reached ¥9,836,344,457.69, an increase of 30.6% compared to ¥7,529,450,214.48 in Q3 2023[32] - Operating profit for the period was ¥785,286,472.01, up 50.6% from ¥521,792,918.88 in the previous year[32] - Net profit attributable to shareholders of the parent company was ¥674,178,303.33, a rise of 34.2% from ¥502,508,405.38 in the same period last year[33] - The total comprehensive income for the period was ¥671,899,775.44, compared to ¥506,259,518.48 in the previous year, reflecting a significant increase[33] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥15,763,216,410.99, an increase of 17.40% from the end of the previous year[2] - The company’s total liabilities increased by 30.35% to ¥5,076,519,028.33, driven by higher procurement activities[5] - The company’s total liabilities increased to ¥9,007,743,420.17, which is a significant rise compared to the previous period[30] - The company reported a total cash outflow from investing activities of CNY 128,857,140.40, down from CNY 274,118,507.64 in the previous period, showing a decrease of 53.0%[36] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥479,472,917.12, a significant increase of 640.50% compared to the same period last year[7] - The cash received from sales and services amounted to CNY 7,431,284,768.62, an increase of 27.1% compared to CNY 5,842,048,999.15 in the previous period[35] - The net cash flow from operating activities was CNY 479,472,917.12, a significant recovery from a negative cash flow of CNY -88,708,973.55 in the same period last year[35] - Total cash inflow from financing activities reached CNY 3,354,106,238.05, up from CNY 1,686,455,665.09 in the previous period, indicating a 98.9% increase[36] - The company’s total cash outflow for financing activities was CNY 3,694,788,055.60, compared to CNY 2,192,547,766.25 in the previous period, indicating an increase of 68.5%[36] Shareholder Information - The total number of common shareholders at the end of the reporting period was 67,795[8] - The largest shareholder, Shandong Heavy Industry Group Co., Ltd., holds 24.29% of shares, totaling 364,399,684 shares[8] - The second-largest shareholder, Weichai Power Co., Ltd., holds 15.78% of shares, totaling 236,705,601 shares[8] - The company has a total of 10 major shareholders, with no known related party relationships among them[9] Investment and Financing Activities - The company raised a total of RMB 681,712,130.88 from the issuance of 236,705,601 shares at a price of RMB 2.88 per share[20] - Cumulative payments for investment projects amounted to RMB 615,423,875.36, with RMB 16,242,017.72 invested in the third quarter of 2024[22] - The company has used RMB 16,023,732.77 of raised funds for bank acceptance bills to pay for investment projects[21] - The company has approved the use of up to RMB 12,000 million of idle raised funds for cash management until November 30, 2024[25] - The company has invested in structured deposit products with expected annualized returns ranging from 1.5% to 3.6%[26] Risk Management - The company conducted foreign exchange hedging to mitigate exchange rate risks associated with export contracts[20] - The company has established risk management strategies for its financial derivatives investments, including stop-loss limits and reverse hedging[17] - The company’s cash management strategy includes ensuring that idle funds do not affect the progress of investment projects or normal operations[24] Current Assets and Liabilities - The total current assets increased to ¥12,359,080,839.74 from ¥10,191,824,656.11, representing a growth of approximately 21.4%[29] - Cash and cash equivalents rose to ¥4,215,874,672.08 from ¥3,287,742,091.87, marking an increase of about 28.2%[29] - Accounts receivable increased to ¥4,240,010,855.47 from ¥3,397,212,195.65, reflecting a growth of approximately 24.8%[29] - Inventory grew to ¥2,428,638,867.95 from ¥2,170,269,352.89, indicating an increase of around 11.9%[29] - Current liabilities rose to ¥9,007,743,420.17 from ¥7,263,287,621.70, representing an increase of approximately 23.9%[30] - Accounts payable increased significantly to ¥2,545,092,388.79 from ¥1,783,348,480.02, reflecting a growth of about 42.7%[30] Research and Development - Research and development expenses for the quarter were ¥286,870,772.68, a decrease of 11.8% from ¥325,408,685.44 in the previous year[32]