SANHUA(002050)2024-10-30 10:35Financial Performance - Revenue for Q3 2024 reached ¥6,886,824,980.77, an increase of 6.82% compared to the same period last year[3] - Net profit attributable to shareholders was ¥787,455,250.81, up 2.95% year-on-year[3] - Net profit excluding non-recurring items was ¥721,197,112.53, a decrease of 4.53% compared to the previous year[3] - Total operating revenue for Q3 2024 reached ¥20,562,897,141.85, an increase of 8.36% compared to ¥18,975,778,199.50 in Q3 2023[17] - Operating profit for the period was ¥2,755,593,778.04, up from ¥2,619,457,777.62 in the same period last year, reflecting a growth of 5.19%[17] - Net profit attributable to shareholders was ¥2,301,970,695.56, compared to ¥2,159,631,223.77 in Q3 2023, marking an increase of 6.57%[18] - The company reported a total comprehensive income of ¥2,042,317,845.09, a decrease from ¥2,391,057,783.01 in Q3 2023, indicating a decline of 14.59%[18] - Basic earnings per share increased to ¥0.61 from ¥0.59 year-over-year, reflecting a growth of 3.39%[18] Assets and Liabilities - Total assets at the end of the period amounted to ¥34,466,685,788.88, reflecting an increase of 8.08% from the end of the previous year[3] - Current liabilities rose to CNY 12.76 billion, compared to CNY 11.82 billion in the previous year, reflecting an increase of about 8.0%[15] - Total liabilities reached CNY 15.79 billion, an increase from CNY 13.83 billion, reflecting a growth of about 14.1%[15] - Total assets increased to CNY 34.47 billion, up from CNY 31.89 billion year-over-year, representing a growth of approximately 7.9%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 109,572[8] - The largest shareholder, Sanhua Holdings Group, holds 25.41% of shares, totaling 948,487,077 shares[8] - Zhejiang Sanhua Green Energy Industrial Group holds 19.90% of shares, totaling 742,747,954 shares[8] - The total number of preferred shareholders with restored voting rights is 0[8] - The company has not reported any changes in the top 10 shareholders participating in margin financing and securities lending[11] - The company has not disclosed any significant changes in shareholder relationships or actions among the top shareholders[10] - The total number of shares held by the top 10 shareholders represents a significant portion of the company's equity[9] Cash Flow and Expenses - Cash flow from operating activities for the year-to-date was ¥1,993,484,855.83, down 15.66% year-on-year[3] - The cash inflow from operating activities totaled CNY 20,873,488,433.17, an increase of 9.3% compared to CNY 19,099,015,271.21 in the previous year[20] - The net cash flow from operating activities was CNY 1,993,484,855.83, down 15.6% from CNY 2,363,640,073.77 in the same period last year[20] - The cash outflow from investing activities amounted to CNY 4,977,328,558.94, significantly higher than CNY 2,408,961,050.59 in the previous year[20] - The net cash flow from investing activities was -CNY 2,669,558,694.33, worsening from -CNY 1,237,517,697.05 year-over-year[20] - The total cash inflow from financing activities was CNY 3,200,152,830.80, compared to CNY 1,823,732,353.01 in the previous year, marking a substantial increase[21] - The net cash flow from financing activities was -CNY 403,303,517.70, an improvement from -CNY 768,409,291.37 in the same period last year[21] - The cash and cash equivalents at the end of the period were CNY 2,442,805,457.89, a decrease from CNY 2,601,030,365.97 at the end of the previous year[21] Operating Costs and Expenses - Total operating costs for the period were ¥17,836,885,184.27, up from ¥16,224,929,588.54, representing an increase of 9.93%[17] - Management expenses rose by 38.73% year-on-year, mainly due to increased compensation for management personnel[6] - The company recorded a tax expense of ¥432,344,301.96, slightly higher than ¥423,158,114.38 in the same quarter last year[17] - The company experienced a 31.09% increase in taxes and surcharges for the first three quarters, primarily due to higher additional taxes and land use taxes[6] - The cash paid to employees was CNY 3,079,850,349.33, an increase of 26.5% compared to CNY 2,433,430,170.78 in the previous year[20] - The cash paid for taxes was CNY 1,012,372,228.14, up from CNY 655,595,530.28, indicating a 54.4% increase year-over-year[20] Other Financial Metrics - The company reported a decrease in foreign exchange gains for the first three quarters, with a gain of ¥1,080.26 million compared to ¥12,737.56 million in the same period last year[5] - The company experienced a decrease in investment income, reporting a loss of ¥19,514,498.74 compared to a loss of ¥101,801,866.70 in the previous year[17] - Other income increased significantly to ¥173,065,953.68 from ¥95,442,578.89, showing an increase of 81.36%[17] - Research and development expenses amounted to ¥992,453,861.28, slightly down from ¥996,040,732.52 in the previous year[17] - The adjustment in accounting policy will increase operating costs to ¥13,776,181,393.54 and decrease selling expenses to ¥410,035,173.83 for the first nine months of 2023[12]