Hongfa(600885)2024-11-01 09:37Financial Performance - The company's revenue for Q3 2024 reached CNY 3,637,808,901.72, representing a year-on-year increase of 12.19%[2] - Net profit attributable to shareholders for the same period was CNY 425,068,768.87, reflecting a growth of 14.55% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 413,392,377.72, which is an increase of 16.52% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥10,869,000,223.68, an increase of 10.0% compared to ¥9,883,276,480.58 in the same period of 2023[15] - Net profit attributable to shareholders of the parent company was ¥1,269,452,759.13, compared to ¥1,103,223,169.07 in the previous year, marking an increase of 15.1%[16] - The company reported a net profit margin of approximately 11.7% for the first three quarters of 2024, compared to 11.2% in the same period of 2023[16] - The total comprehensive income for the period was ¥1,661,538,192.86, compared to ¥1,503,812,720.35, showing an increase of 10.5%[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 20,594,367,189.17, marking a 16.20% increase from the end of the previous year[3] - The company's current assets amounted to RMB 12,912,704,031.91, up from RMB 10,612,669,606.94, indicating a growth of about 21.6%[13] - Total liabilities increased to RMB 12,912,704,031.91, up from RMB 10,612,669,606.94, indicating a growth of approximately 21.6%[13] - The company's total liabilities increased to ¥8,381,500,962.63 from ¥6,666,000,759.08, representing a growth of 25.7%[14] Shareholder Information - The equity attributable to shareholders reached CNY 9,144,352,343.89, up by 9.63% compared to the previous year[3] - Major shareholder, Youge Venture Capital Co., Ltd., holds 27.35% of the shares, amounting to 285,154,494 shares[7] - The total number of ordinary shareholders at the end of the reporting period was 25,187[6] Cash Flow and Investments - In the first three quarters of 2024, the cash inflow from operating activities reached ¥10,372,549,384.75, an increase of 11.14% compared to ¥9,334,270,736.62 in the same period of 2023[18] - The net cash flow from operating activities for the first three quarters of 2024 was ¥1,205,381,511.64, down from ¥1,665,300,362.75 in 2023, indicating a decline of 27.53%[19] - The cash inflow from investment activities in the first three quarters of 2024 was ¥1,099,879,904.92, significantly higher than ¥140,299,091.40 in 2023, marking an increase of 684.14%[19] - The net cash flow from investment activities was negative at -¥2,023,562,543.97 in 2024, compared to -¥1,194,583,616.59 in 2023, indicating a worsening of 69.25%[19] - The total cash and cash equivalents at the end of the third quarter of 2024 were ¥1,403,451,953.76, down from ¥1,767,005,550.38 in 2023, a decrease of 20.56%[19] Costs and Expenses - Total operating costs for the same period were ¥9,101,383,695.41, up from ¥8,107,114,145.44, reflecting a growth of 12.3%[15] - Research and development expenses for the first three quarters amounted to ¥534,870,405.18, an increase from ¥474,292,081.09, reflecting a growth of 12.8%[15] - Cash outflow for purchasing goods and services increased to ¥5,803,293,347.83 in 2024 from ¥4,637,613,209.24 in 2023, representing a rise of 25.14%[18] - The cash outflow for employee compensation rose to ¥2,119,921,480.78 in 2024 from ¥1,905,001,505.81 in 2023, an increase of 11.26%[19] Other Financial Metrics - The weighted average return on net assets was 4.76%, an increase of 0.14 percentage points from the previous year[3] - Basic earnings per share for the quarter was CNY 0.4077, reflecting a year-on-year increase of 14.55%[2] - Basic earnings per share for the period were ¥1.2175, compared to ¥1.0581 in the same period last year, an increase of 15.1%[17] - Long-term borrowings increased significantly to ¥712,102,225.81 from ¥118,698,401.88, a rise of 499.8%[14] Strategic Developments - The company has not disclosed any new strategies or product developments in this report[12]