ZPEC(603619)2024-10-30 11:09Financial Performance - The company's operating revenue for Q3 2024 was ¥1,133,107,508.09, representing a 13.23% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥240,759,791.37, a decrease of 41.62% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥214,969,536.37, down 15.47% from the previous year[3]. - The basic earnings per share for Q3 2024 was ¥0.58, reflecting a 34.88% increase compared to the same period last year[4]. - The net profit for the third quarter of 2024 reached ¥686,388,254.26, an increase from ¥603,516,516.57 in the same period of 2023, representing a growth of approximately 13.0%[21]. - The company's operating profit for Q3 2024 was ¥883,455,673.07, up from ¥818,845,066.06 in Q3 2023, reflecting a growth of approximately 7.9%[20]. - The company's total profit for Q3 2024 was ¥882,317,209.47, compared to ¥817,125,758.58 in Q3 2023, indicating a growth of approximately 8.0%[20]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached RMB 3,051,055,887.38, an increase of 6.86% compared to RMB 2,855,015,148.22 in the same period of 2023[18]. - Total operating costs for the first three quarters of 2024 were RMB 2,197,704,855.85, up from RMB 2,043,135,878.69 in 2023, reflecting a year-on-year increase of 7.59%[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,854,340,855.07, marking a 16.82% increase from the end of the previous year[5]. - Total liabilities amounted to RMB 6,728,673,755.15, up from RMB 6,400,218,472.17, which is an increase of 5.12%[17]. - Shareholders' equity increased to RMB 4,125,667,099.92 from RMB 2,891,596,420.26, showing a growth of 42.61%[17]. - Current assets as of September 30, 2024, totaled RMB 4,496,388,183.33, compared to RMB 3,158,245,100.34 at the end of 2023, marking a significant increase of 42.38%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥871,594,124.89, an increase of 6.70% compared to the same period last year[3]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥871,594,124.89, compared to ¥816,837,041.23 in 2023, showing an increase of about 6.7%[23]. - Cash and cash equivalents increased to RMB 2,300,284,214.19 from RMB 1,249,711,633.83, representing an increase of 83.83%[15]. - The ending balance of cash and cash equivalents reached 1.20 billion at the end of the previous year[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,963, with no preferred shareholders recovering voting rights[9]. - The company issued 62,338,361 shares at a price of RMB 19.00 per share, raising a total of RMB 1,184,428,859, with a net amount of RMB 1,167,615,808 after expenses[12]. Projects and Production - In Q3 2024, the Wensu project produced 170,000 tons of crude oil, an increase of 14,300 tons or 9.18% year-on-year[14]. - The Jiange project achieved a crude oil output of 53,000 tons, up 29,200 tons or 122.69% year-on-year[14]. - For the first three quarters of 2024, the Wensu project produced 486,300 tons of crude oil, an increase of 55,500 tons or 12.88% year-on-year[14]. - The Jiange project produced 141,700 tons of crude oil in the first three quarters, an increase of 82,200 tons or 138.15% year-on-year[14]. Strategic Initiatives - The company continues to implement a strategy focused on "oil and gas resources + technological innovation" to enhance production capacity[13]. - The company is enhancing its technical capabilities and manufacturing capacity through increased technological innovation[13]. - The company has made significant progress in optimizing design and advancing oilfield block exploration and development[13]. Non-Recurring Gains and Expenses - The company reported non-recurring gains of ¥25,790,255.00 for the current period, down from ¥35,152,688.19 in the previous year[7]. - Research and development expenses for Q3 2024 were ¥88,638,480.21, down from ¥103,532,619.06 in Q3 2023, a decrease of about 14.4%[20]. - The financial expenses for Q3 2024 totaled ¥184,113,280.36, an increase from ¥124,426,872.39 in Q3 2023, representing a rise of approximately 47.9%[20]. - The company reported a decrease in management expenses for Q3 2024, totaling ¥168,510,509.48, down from ¥185,704,421.50 in Q3 2023, a reduction of about 9.3%[20]. Other Financial Metrics - The other comprehensive income after tax for Q3 2024 was -¥66,445,750.59, compared to -¥17,763,739.49 in Q3 2023, reflecting a decline in comprehensive income[21]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 expected to show positive growth compared to the previous year[18].