AIM(300446)2024-10-22 10:07Financial Performance - Revenue for Q3 2024 reached ¥1,664,402,909.18, an increase of 5.26% year-over-year, while year-to-date revenue totaled ¥5,496,481,552.84, up 30.21% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥148,968,081.59, representing a significant increase of 75.81% year-over-year, with a year-to-date net profit of ¥535,884,931.40, up 120.77%[3]. - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥131,829,677.70, an increase of 81.36% year-over-year, with a year-to-date figure of ¥478,752,788.77, up 517.52%[3]. - Basic earnings per share for Q3 2024 were ¥0.1762, reflecting a 38.53% increase year-over-year, while diluted earnings per share were the same[3]. - Total operating revenue for Q3 2024 reached ¥5,496,481,552.84, an increase of 30.2% compared to ¥4,221,366,131.74 in the same period last year[19]. - Operating costs for the same period were ¥4,892,826,184.85, up 27% from ¥3,853,115,153.05 year-over-year[19]. - Net profit attributable to shareholders of the parent company was ¥535,884,931.40, representing a significant increase of 121.5% from ¥242,732,032.05 in the previous year[20]. - The total comprehensive income for the third quarter amounted to CNY 596,096,250.73, an increase from CNY 336,087,842.22 in the previous year, representing a growth of approximately 77.5%[21]. - The basic and diluted earnings per share for the third quarter were both CNY 0.6339, compared to CNY 0.3645 in the same period last year, reflecting an increase of about 74%[21]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥8,901,560,286.22, a decrease of 8.23% from the end of the previous year[3]. - The total liabilities decreased to ¥3,587,526,069.02 from ¥4,905,366,770.65, a reduction of 26.9%[18]. - Non-current liabilities totaled ¥375,217,752.37, an increase from ¥353,376,688.55, indicating a rise of 6.4%[18]. - The equity attributable to shareholders of the parent company increased to ¥4,989,341,579.62 from ¥4,530,505,626.54, a growth of 10.1%[18]. - The total current assets decreased from CNY 6,952,868,939.94 to CNY 6,000,377,049.02, a decline of approximately 13.7%[16]. - Cash and cash equivalents decreased from CNY 3,014,016,176.61 to CNY 1,343,342,632.12, representing a decrease of about 55.5%[16]. - Accounts receivable increased from CNY 1,217,964,286.03 to CNY 1,509,258,540.40, an increase of approximately 23.9%[16]. - Inventory increased from CNY 1,268,936,112.07 to CNY 1,307,075,145.29, reflecting a growth of about 3.0%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,968[8]. - The largest shareholder, Sichuan Aerospace Chuan Nan Fire Technology Co., Ltd., holds 18.44% of shares, totaling 155,868,149 shares[8]. - Sichuan Aerospace Industrial Group Co., Ltd. is the second-largest shareholder with a 14.27% stake, amounting to 120,681,151 shares[8]. - The third-largest shareholder, Aerospace Investment Holdings Co., Ltd., owns 9.29% of shares, which is 78,502,118 shares[8]. - The company has a total of 42,735,042 unrestricted shares held by Guo Feng Investment Private Fund Management Co., Ltd.[9]. - The report indicates that there are no changes in the restricted shares for major shareholders during the reporting period[10]. - The major shareholders are subject to a lock-up period of 36 months following the completion of a significant asset restructuring[11]. - The company has a performance commitment period from 2023 to 2025, after which the shares held by major shareholders can be unlocked[11]. - The total number of preferred shareholders and their holdings is not applicable in this report[10]. - The company has not disclosed any related party transactions among the top ten unrestricted shareholders[9]. Investment and Capital Allocation - The company plans to invest CNY 200 million to establish a wholly-owned subsidiary focused on anti-counterfeiting materials and electronic functional materials[15]. - The company intends to increase capital by CNY 1.1 billion to its wholly-owned subsidiary, with CNY 536.39 million allocated for project construction and CNY 563.61 million for working capital[15]. - The company reported a significant increase in investment income, reaching ¥2,587,277.55 compared to ¥2,454,713.71 in the previous year[20]. - The company has a significant asset restructuring involving multiple stakeholders, with lock-up periods ranging from 12 to 36 months for various shares[13]. - The company reported a total of CNY 706,056,285 in shares subject to lock-up agreements, with specific details on the release dates[13]. - The company’s board of directors approved the establishment of a new subsidiary to enhance its strategic planning and business development in high-performance functional materials[14]. - The company’s financial performance indicates a need for strategic adjustments in asset management and capital allocation to improve liquidity and operational efficiency[16]. Cash Flow - Cash inflows from operating activities totaled CNY 4,336,383,942.83, up from CNY 3,834,988,567.11, indicating a growth of approximately 13.1%[22]. - The net cash flow from operating activities was CNY 655,169,799.94, compared to CNY 538,751,332.47 in the previous year, marking an increase of about 21.7%[23]. - Cash outflows from investment activities were CNY 2,031,395,617.51, significantly higher than CNY 1,026,610,112.84 from the previous year, indicating a rise of approximately 97.9%[23]. - The net cash flow from investment activities was negative CNY 1,377,883,026.06, compared to negative CNY 204,287,954.68 in the previous year, showing a decline of about 576.5%[23]. - Cash inflows from financing activities were CNY 200,000,000.00, down from CNY 1,312,334,049.17, representing a decrease of approximately 84.8%[23]. - The net cash flow from financing activities was negative CNY 954,953,157.56, compared to negative CNY 186,332,313.89 in the previous year, indicating a decline of about 412.5%[23]. - The ending balance of cash and cash equivalents was CNY 1,028,128,073.52, compared to CNY 508,011,084.16 at the end of the previous year, reflecting an increase of approximately 102%[23]. Audit Information - The report for the third quarter was not audited, as stated by the company[24].