HPEC(SH:600312)2024-10-21 23:12Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,843,171,965.06, an increase of 8.42% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2024 was ¥323,434,449.57, reflecting a significant increase of 47.72% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥316,148,946.57, up 46.45% from the previous year[5] - Basic earnings per share for Q3 2024 were ¥0.2384, representing a 47.71% increase compared to the same period last year[6] - Total operating revenue for the first three quarters of 2024 reached CNY 7,885,452,176.80, an increase of 5.9% compared to CNY 7,447,381,827.68 in the same period of 2023[23] - Net profit for the first three quarters of 2024 was CNY 921,993,536.96, up 48.2% from CNY 622,623,226.81 in the first three quarters of 2023[25] - Earnings per share for the first three quarters of 2024 was CNY 0.6316, compared to CNY 0.4071 in the same period of 2023, reflecting a significant increase[25] - Operating profit for the first three quarters of 2024 was CNY 1,054,812,206.35, an increase of 48.3% from CNY 711,215,103.51 in the first three quarters of 2023[24] - The company reported a total profit of CNY 1,059,300,089.40 for the first three quarters of 2024, compared to CNY 712,798,390.60 in the same period of 2023, representing a growth of 48.4%[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥21,484,115,765.55, a growth of 6.57% from the end of the previous year[6] - The company’s equity attributable to shareholders at the end of the reporting period was ¥10,417,853,501.43, an increase of 3.91% compared to the previous year[6] - As of September 30, 2024, total current assets amounted to CNY 16,129,330,593.09, an increase from CNY 14,514,939,513.62 at the end of 2023, reflecting a growth of approximately 11.1%[17] - Accounts receivable increased to CNY 7,108,039,195.67 from CNY 6,475,202,986.21, representing a rise of about 9.8%[17] - Inventory rose significantly to CNY 2,300,529,080.26, up from CNY 1,426,172,007.76, indicating an increase of approximately 61.3%[17] - Total assets reached CNY 21,484,115,765.55, compared to CNY 20,159,257,308.08 at the end of 2023, marking a growth of about 6.5%[19] - Total liabilities increased to CNY 10,602,443,737.79 in Q3 2024, up from CNY 9,669,809,863.12 in Q3 2023, indicating a growth of 9.6%[21] - The total liabilities increased to CNY 15,000,000,000, reflecting a growth of approximately 5% compared to the previous period[19] - The company reported a decrease in long-term equity investments to CNY 607,951,003.11 from CNY 617,307,079.48, a decline of approximately 1.8%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥902,532,247.89 for the year-to-date, showing a slight decrease of 0.70%[6] - In the first three quarters of 2024, cash inflow from operating activities reached ¥8,101,067,728.05, an increase of 24.3% compared to ¥6,515,887,015.65 in the same period of 2023[27] - The net cash flow from operating activities for the first three quarters of 2024 was ¥902,532,247.89, slightly down from ¥908,861,702.23 in 2023[27] - Cash outflow for purchasing goods and services in the first three quarters of 2024 was ¥5,658,134,823.19, up from ¥4,322,198,629.65 in 2023, indicating a 30.9% increase[27] - Investment activities generated a net cash flow of -¥61,764,530.44 in the first three quarters of 2024, an improvement from -¥437,880,512.44 in 2023[28] - Cash inflow from financing activities in the first three quarters of 2024 was ¥9,553,872.15, down from ¥32,972,610.98 in 2023[28] - The net cash flow from financing activities for the first three quarters of 2024 was -¥571,645,825.79, compared to -¥248,203,457.12 in 2023, indicating increased cash outflows[28] - The total cash and cash equivalents at the end of Q3 2024 amounted to ¥5,192,073,298.09, up from ¥3,380,301,441.64 at the end of Q3 2023[28] Investments and Expenditures - The company has invested CNY 160,600,668.74 in development expenditures, significantly up from CNY 77,939,131.66, representing an increase of approximately 105.5%[19] - Research and development expenses for the first three quarters of 2024 were CNY 297,849,666.07, up from CNY 278,527,535.86 in the same period of 2023, reflecting a growth of 6.9%[23] Future Outlook - The company plans to continue focusing on high-value product delivery and improving operational efficiency to drive future growth[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]