西部建设(002302) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥5,119,652,867.93, a decrease of 7.55% compared to the same period last year[2] - The net profit attributable to shareholders was ¥4,060,101.72, down 97.87% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,739,133.93, a decline of 98.41% compared to the previous year[2] - The net profit for Q3 2024 was CNY 60,339,197.91, a significant decrease from CNY 400,421,051.56 in Q3 2023, representing a decline of approximately 85%[17] - The total comprehensive income for Q3 2024 was CNY 59,802,482.45, down from CNY 400,021,726.85 in Q3 2023, indicating a decline of approximately 85%[18] - The basic and diluted earnings per share for Q3 2024 were both CNY -0.0111, compared to CNY 0.2627 in Q3 2023, showing a significant drop[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥36,025,221,856.46, an increase of 4.71% from the end of the previous year[2] - Total assets increased to CNY 36,025,221,856.46 from CNY 34,403,162,380.26, a growth of 4.7%[15] - Total liabilities rose to CNY 25,024,446,990.42 from CNY 23,326,771,764.04, an increase of 7.3%[15] - Non-current assets decreased to CNY 5,476,234,940.91 from CNY 5,514,588,174.79, a decline of 0.7%[14] Cash Flow - The cash flow from operating activities showed a net inflow of ¥-951,974,419.61, which is a 40.63% improvement compared to the same period last year[2] - The net cash flow from operating activities was -951,974,419.61 CNY, an improvement from -1,603,378,258.72 CNY in the previous year, indicating a reduction in cash outflow[20] - Cash outflow from financing activities totaled 1,759,261,440.09 CNY, down from 2,081,556,418.11 CNY year-over-year, reflecting a decrease in financing costs[20] - The total cash and cash equivalents at the end of the period stood at 1,912,383,818.00 CNY, down from 2,040,723,095.37 CNY year-over-year, indicating a decline in liquidity[20] - The company paid 1,234,705,728.52 CNY in debt repayments, slightly lower than 1,384,910,200.00 CNY in the same quarter last year, indicating a focus on debt management[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,714[7] - The top shareholder, China Construction Xinjiang Group Co., Ltd., holds 396,731,588 shares, representing a significant portion of the company's equity[9] - The company has a diverse shareholder base, with significant stakes held by various construction and investment entities[9] Strategic Initiatives - The company is actively pursuing strategic partnerships, including agreements with China Construction Southwest Design and Research Institute and Anhui Conch Cement Co., Ltd.[11] - The company is focused on expanding its market presence and enhancing its capital structure through strategic stock issuance[11] - The company has received approval from the Shenzhen Stock Exchange for the stock issuance plan on December 20, 2023[11] Operational Costs and Expenses - Total operating costs for the current period are CNY 14,774,258,600.54, down 6.4% from CNY 15,782,797,976.39 in the previous period[16] - Research and development expenses decreased to CNY 372,571,219.22 in Q3 2024 from CNY 449,086,695.78 in Q3 2023, a reduction of approximately 17%[17] - The company reported a significant increase in sales expenses, totaling CNY 165,163,735.36 in Q3 2024, compared to CNY 164,196,180.37 in Q3 2023, reflecting a slight increase of about 0.6%[17] Investment Activities - The investment income reported a loss of CNY -21,798,063.41 in Q3 2024, compared to a smaller loss of CNY -10,960,581.03 in Q3 2023[17] - The company’s cash flow from investment activities included cash inflow of 50,570,675.12 CNY, compared to 11,536,634.91 CNY in the previous year, indicating a potential increase in investment recovery[20] Audit and Compliance - The company has not undergone an audit for the third quarter report, which may affect the perception of financial reliability[21]