晶澳科技(002459) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was RMB 16.99 billion, a decrease of 11.22% year-over-year[1] - Net profit attributable to shareholders for Q3 2024 was RMB 389.84 million, a decrease of 80.02% year-over-year[1] - Total operating income for the period was 54.35 billion yuan, down from 59.98 billion yuan, a decrease of 9.4%[13] - Net profit attributable to the parent company decreased to 14.74 billion yuan from 17.07 billion yuan, a decline of 13.7%[13] - Net profit attributable to parent company shareholders was -484.36 million yuan, compared to 6.76 billion yuan in the same period last year[14] - Sales revenue from goods and services was 45.69 billion yuan, down from 52.33 billion yuan in the previous year[16] - Total profit was -960.69 million yuan, compared to 8.02 billion yuan in the same period last year[14] - Comprehensive income attributable to parent company shareholders was -647.86 million yuan, compared to 6.94 billion yuan in the same period last year[15] - Minority shareholders' net loss was 372.76 million yuan, compared to a net profit of 203.02 million yuan in the same period last year[15] - Basic earnings per share were -0.15 yuan, compared to 2.05 yuan in the same period last year[15] Cash Flow - Cash flow from operating activities for Q3 2024 was RMB 232.87 million, a decrease of 96.74% year-over-year[1] - Operating cash flow decreased by 96.74% to RMB 232,868,803.21 due to lower product prices reducing cash received from sales[5] - Net cash flow from operating activities was RMB 232,868,803.21, a significant decrease from RMB 7,152,668,134.08 in the previous period[17] - Financing cash flow increased by 179.67% to RMB 17,837,206,278.60 due to higher borrowing[5] - Net cash flow from financing activities was RMB 17,837,206,278.60, up from RMB 6,377,921,609.40 in the previous period[17] - Net cash flow from investing activities was RMB -16,012,467,836.21, compared to RMB -12,641,791,974.96 in the previous period[17] - The company's cash and cash equivalents increased by RMB 2,173,246,045.05, reaching RMB 8,936,334,820.72 at the end of the period[17][18] - Operating cash inflows totaled RMB 56,184,793,045.17, while operating cash outflows were RMB 55,951,924,241.96[17] - Investment cash inflows were RMB 586,010,290.58, and investment cash outflows were RMB 16,598,478,126.79[17] - Financing cash inflows were RMB 27,267,334,910.41, and financing cash outflows were RMB 9,430,128,631.81[17] - The company received RMB 2,560,916,370.87 in tax refunds, slightly down from RMB 2,623,257,130.78 in the previous period[17] - The company paid RMB 4,905,665,930.15 to employees, up from RMB 3,934,852,404.47 in the previous period[17] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 116.29 billion, an increase of 9.10% compared to the end of the previous year[1] - Total assets increased to 116.29 billion yuan from 106.59 billion yuan, a growth of 9.1%[12] - Cash and cash equivalents rose to 24.20 billion yuan from 15.99 billion yuan, a significant increase of 51.3%[11] - Inventory decreased to 12.02 billion yuan from 14.47 billion yuan, a reduction of 16.9%[12] - Total liabilities increased to 83.90 billion yuan from 68.59 billion yuan, up by 22.3%[13] - Long-term loans surged to 13.64 billion yuan from 1.48 billion yuan, a substantial rise of 822.6%[13] - Fixed assets increased to 45.01 billion yuan from 36.87 billion yuan, a growth of 22.1%[12] - Accounts receivable decreased to 8.81 billion yuan from 9.17 billion yuan, a reduction of 3.9%[11] - Short-term borrowings rose sharply to 10.01 billion yuan from 978.59 million yuan, an increase of 923.3%[12] - Short-term borrowings increased by 923.18% to RMB 10.01 billion as of September 30, 2024[4] - Long-term borrowings increased by 823.64% to RMB 13.64 billion as of September 30, 2024[4] - Lease liabilities increased by 38.91% to RMB 1.60 billion as of September 30, 2024[4] - Construction in progress decreased by 65.01% to RMB 3.41 billion as of September 30, 2024[4] Expenses and Costs - Sales expenses increased by 33.24% to RMB 859,118,502.73 due to higher personnel costs[5] - Financial expenses surged by 227.27% to RMB 280,420,870.28 due to reduced exchange gains and increased interest expenses[5] - R&D expenses were 743.56 million yuan, a decrease from 831.48 million yuan in the same period last year[14] - Management expenses were 1.56 billion yuan, down from 1.67 billion yuan in the previous year[14] - Financial expenses were 280.42 million yuan, compared to -220.33 million yuan in the same period last year[14] - The company's operating costs increased to RMB 51,414,189,308.37 due to accounting policy changes[19] Investments and Income - Investment income rose by 213.80% to RMB 264,100,728.69 due to increased gains from equity changes and hedging transactions[5] - Fair value change income increased by 468.25% to RMB 51,428,999.56 due to floating profits from hedging transactions[5] Shareholder Information - Dongtai Jingtaifu Technology Co., Ltd. holds the largest share at 47.45% with 1,570,307,572 shares[6] - Hong Kong Securities Clearing Company Limited holds 3.50% of the shares with 115,978,729 shares[6] - The company repurchased 26,945,700 shares, accounting for 0.81% of the total shares as of September 30, 2024[7] External Factors - Government subsidies received during Q3 2024 amounted to RMB 83.12 million[2] - Losses due to natural disasters in Q3 2024 were RMB 56.10 million[3] Business Operations - The company's battery module shipments reached approximately 57GW (including 1GW for self-use) in the first three quarters of 2024, with overseas shipments accounting for 52.40%[10]