JHSY(002597)2024-10-30 13:37Financial Performance - Revenue for Q3 2024 reached ¥1,504,235,502.47, an increase of 6.04% year-over-year, while year-to-date revenue decreased by 1.24% to ¥4,042,519,280.66[3] - Net profit attributable to shareholders for Q3 2024 was ¥162,106,906.88, up 1.17% year-over-year, but down 27.39% year-to-date to ¥409,166,133.34[3] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥126,819,496.39, a decrease of 19.53% year-over-year, and down 21.91% year-to-date[3] - The total operating revenue for the period was CNY 4,042,519,280.66, a decrease of 1.24% compared to CNY 4,093,336,450.64 in the previous period[19] - The net profit for the third quarter of 2024 was approximately CNY 409.17 million, a decrease of 27.4% compared to CNY 563.61 million in the same period last year[20] - Operating profit for the third quarter was CNY 473.72 million, down 25.7% from CNY 637.27 million year-over-year[20] - The company reported a total comprehensive income of CNY 405.51 million, compared to CNY 564.21 million in the previous year, reflecting a decrease of 28.1%[21] - Basic earnings per share for the third quarter were CNY 0.75, down from CNY 1.02 in the same period last year[21] Assets and Liabilities - Total assets as of September 30, 2024, were ¥10,216,946,934.98, reflecting a 5.19% increase from the end of the previous year[3] - The company's total liabilities reached CNY 2,752,344,352.25, compared to CNY 2,571,011,899.65 in the previous period, marking an increase of about 7.03%[18] - The total current assets increased to CNY 5,268,241,786.19 from CNY 5,083,965,932.15, reflecting a growth of approximately 3.64%[16] - The total non-current assets rose to CNY 4,948,705,148.79 from CNY 4,628,513,186.10, indicating an increase of about 6.93%[17] Borrowings and Cash Flow - The company reported a significant increase in short-term borrowings, which rose by 154.79% to ¥458,990,840.84, attributed to increased bank loans for working capital[6] - Long-term borrowings increased by 138.42% to ¥1,016,250,000.00, aimed at improving capital efficiency for project financing[7] - The cash flow from operating activities for the year-to-date period was ¥613,893,941.52, a decrease of 37.46% compared to the same period last year[7] - The net cash flow from operating activities was CNY 613.89 million, down 37.4% from CNY 981.67 million in the same period last year[23] - The company experienced a net cash outflow from investing activities of CNY 1.30 billion, compared to a smaller outflow of CNY 300.10 million in the previous year[23] Shareholder Information - The total equity attributable to shareholders increased by 4.53% to ¥7,462,660,232.64 compared to the end of the previous year[3] - The total number of common shareholders at the end of the reporting period is 37,430, with the largest shareholder, Anhui Jinrui Investment Group Co., Ltd., holding 43.95% of shares[8] - Anhui Jinrui Investment Group Co., Ltd. holds 250,487,223 shares, while Hong Kong Central Clearing Limited holds 12,550,845 shares[10] - The top ten shareholders hold a total of 21,242,637 shares, representing 3.73% of the total share capital[11] - The largest shareholder, Yang Yingchun, holds 3,816,050 shares, representing 0.67% of the total shares[10] Corporate Actions - The company has initiated a share repurchase plan with a total fund of no less than RMB 250 million and no more than RMB 500 million, with a maximum repurchase price of RMB 40.00 per share[13][14] - As of the latest report, the company has repurchased a total of 11,769,900 shares, accounting for 2.06% of the total share capital, with a total transaction amount of RMB 250,066,342.87[14] - The company is implementing an employee stock ownership plan, with the second phase involving 6,665,400 shares held by employees[10] - There are no significant changes in the top ten shareholders due to the transfer of shares[12] Operational Insights - The company reported a 238.92% increase in operating expenses, totaling ¥16,396,384.20, primarily due to non-current asset write-off losses[7] - The company has completed the first phase of the integrated bio-chemical synthesis project with an annual production capacity of 600,000 tons of sulfuric acid and 60,000 tons of ion membrane caustic soda, among others[15] - The company plans to further optimize production processes to enhance economic benefits from the bio-chemical synthesis project[15] - The company aims to improve operational efficiency through technological advancements[24] - Strategic initiatives are being implemented to drive revenue growth[24] Market Strategy - The company is actively engaging in market expansion strategies, as indicated by the ongoing share repurchase program[14] - The company continues to focus on market expansion and new product development strategies[24] - Future outlook includes potential growth in user data and market share[24] - The company is exploring mergers and acquisitions to enhance its competitive position[24] Financial Reporting - The third quarter report of Anhui Jinhui Industrial Co., Ltd. is unaudited[24] - The report was released on October 31, 2024[24] - Financial performance metrics will be detailed in the upcoming audited report[24] - The board of directors emphasizes the importance of accurate financial reporting[24] - The company is committed to transparency in its financial disclosures[24]