GUILIN FUDA (SH:603166)2024-10-21 09:32Financial Performance - The company's operating revenue for Q3 2024 reached ¥390,858,052.16, an increase of 31.93% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥47,292,538.15, reflecting a significant increase of 254.19% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥45,494,652.99, up 418.63% from the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.07, representing a 275.00% increase compared to the same period last year[2]. - Net profit for the first three quarters of 2024 was CNY 120,842,374.32, compared to CNY 64,087,382.69 in the same period of 2023, representing an increase of 88.56%[14]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥3,788,844,580.43, a growth of 10.38% from the end of the previous year[3]. - The company's total liabilities as of the end of Q3 2024 amounted to CNY 1,463,539,551.23, an increase from CNY 1,114,804,763.78 at the end of Q3 2023[12]. - The total equity attributable to shareholders of the parent company was CNY 2,325,305,029.20, slightly up from CNY 2,317,751,853.62 in the previous year[12]. - Total assets reached ¥3,788,844,580.43, compared to ¥3,432,556,617.40 at the end of 2023[10]. Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥155,165,906.12, a decrease of 36.89% compared to the previous quarter[2]. - Total cash inflow from operating activities for the first three quarters of 2024 was 1,279,766,450.67 CNY, up from 1,135,826,204.46 CNY in the same period of 2023, reflecting an increase of approximately 12.7%[15]. - Net cash flow from operating activities for the first three quarters of 2024 was 311,175,347.89 CNY, compared to 288,820,834.36 CNY in 2023, showing a growth of about 7.7%[15]. - Cash inflow from financing activities in Q3 2024 totaled 579,179,534.40 CNY, compared to 393,000,000.00 CNY in Q3 2023, marking a significant increase of about 47.4%[16]. - Net cash flow from financing activities for Q3 2024 was 9,233,474.70 CNY, a recovery from a net outflow of -54,112,642.76 CNY in Q3 2023[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,597[7]. - The largest shareholder, Fuda Holdings Group Co., Ltd., holds 343,134,040 shares, accounting for 53.10% of total shares[7]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 66,462,357.91, an increase from CNY 62,000,348.33 in the same period of 2023[13]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[14]. Revenue Drivers - The increase in revenue was primarily driven by the rising demand for passenger car crankshafts, particularly hybrid crankshafts[6].