CBG(000009)2024-10-30 11:02Financial Performance - Operating revenue for Q3 2024 was ¥4,606,008,371.73, a decrease of 44.00% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥189,588,298.06, an increase of 1.46% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,804,967.61, down 82.45% year-on-year[3] - The company experienced a 40.28% decline in operating income year-to-date, attributed to intensified competition and declining product prices in the high-tech sector[6] - Total revenue for the current period is CNY 14,636,619,742.05, a decrease of 40.4% compared to CNY 24,516,652,487.04 in the previous period[17] - The company's net profit for the current period is not explicitly stated but can be inferred from the operating income and costs[17] - The net profit for Q3 2024 was CNY 916,672,323.79, a decrease of 38.4% compared to CNY 1,489,456,704.40 in Q3 2023[18] - The total comprehensive income for Q3 2024 was CNY 887,915,170.58, down from CNY 1,496,651,119.16 in the same period last year, reflecting a decline of 40.7%[19] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.1494, compared to CNY 0.2631 in Q3 2023, representing a decrease of 43.2%[19] - The total operating profit for Q3 2024 was CNY 1,188,858,591.05, down from CNY 1,912,579,458.96 in Q3 2023, reflecting a decline of 37.7%[18] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥559,442,721.25, a decrease of 85.75% compared to the previous year[3] - Cash flow from operating activities for Q3 2024 was CNY 559,442,721.25, significantly lower than CNY 3,924,570,676.43 in Q3 2023, indicating a decline of 85.7%[20] - Cash inflow from investment activities was CNY 2,165,196,397.33, down from CNY 2,790,656,816.54 in the previous year, a decrease of 22.4%[21] - The net cash flow from financing activities was ¥2,179,551,748.19, a 210.26% increase year-on-year, reflecting a rise in net financing[7] - The net cash flow from financing activities for Q3 2024 was CNY 2,179,551,748.19, compared to a net outflow of CNY 1,976,766,556.51 in Q3 2023[21] - The company's cash and cash equivalents decreased to CNY 8,123,623,227.87 from CNY 9,445,538,500.95, a decline of 14.0%[14] - The cash and cash equivalents at the end of Q3 2024 were CNY 7,103,930,159.74, down from CNY 7,881,683,236.20 at the end of Q3 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥52,542,673,678.33, an increase of 4.88% from the end of the previous year[3] - Total assets increased to CNY 52,542,673,678.33 from CNY 50,100,025,790.84, reflecting a growth of 4.9%[16] - The total liabilities rose to CNY 31,018,744,792.85, up from CNY 29,076,869,622.03, an increase of 6.7%[16] - The company's total equity increased to CNY 21,523,928,885.48 from CNY 21,023,156,168.81, a rise of 2.4%[16] - The total assets impairment loss for Q3 2024 was CNY 162,824,050.53, compared to CNY 69,447,034.73 in Q3 2023, indicating an increase of 134.0%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 174,619, with the top ten shareholders holding a combined 56.76% of shares[8] - Shenzhen Chengxing Investment Co., Ltd. holds 17.55% of shares, while Shaoguan High-tech Enterprise Management Co., Ltd. holds 16.02%[8] - The top ten shareholders collectively hold 474,402,007 shares, representing 18.39% of the total share capital[9] - The report indicates that the top three shareholders do not have any related party relationships, while two of them are acting in concert[9] - The company has a total of 36,106,150 shares held by China Agricultural Bank Co., Ltd. - CSI 500 ETF, representing 1.40% of the total share capital[10] - The company has not disclosed any changes in the top ten shareholders due to securities lending or borrowing[10] - The report highlights that there are no pledged, marked, or frozen shares among the top ten shareholders[8] Investments and Projects - The company has entered into a joint venture agreement for an integrated project with an annual production capacity of 80,000 tons of lithium battery anode materials in Indonesia[11] - A subsidiary has invested in a project in Morocco to produce 60,000 tons of lithium battery anode materials annually[13] - The company has extended the performance and validity period of a cooperation agreement related to an urban renewal project by one year[12] Accounting and Reporting - The third quarter report of China Baoan Group Co., Ltd. for 2024 has not been audited[22] - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[22]