ZJJH(SH:600160)2024-10-24 08:26Financial Performance - Operating revenue for Q3 2024 was CNY 5,826,285,665.56, a decrease of 1.53% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 reached CNY 423,347,050.92, an increase of 64.76% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 390,449,718.16, up 67.81% from the previous year[2] - Basic earnings per share for Q3 2024 was CNY 0.157, reflecting a growth of 65.26% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached ¥17.91 billion, an increase of 11.8% compared to ¥16.01 billion in the same period of 2023[15] - Net profit for the first three quarters of 2024 was ¥1.39 billion, a significant increase of 83.4% compared to ¥757.70 million in 2023[16] - Earnings per share for the first three quarters of 2024 were ¥0.466, compared to ¥0.277 in the same period last year, reflecting a 68.3% increase[18] - The company reported a total comprehensive income of ¥1.39 billion for the first three quarters of 2024, compared to ¥755.90 million in 2023, marking an increase of 84.1%[18] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to CNY 27,770,524,486.44, an increase of 18.76% from the end of the previous year[3] - As of September 30, 2024, the total assets of Zhejiang Juhua Co., Ltd. reached approximately CNY 27.77 billion, an increase from CNY 23.38 billion at the end of 2023, representing a growth of about 18.5%[11] - The company's current assets totaled approximately CNY 8.20 billion, up from CNY 6.42 billion, indicating a growth of around 27.8%[12] - The total liabilities of the company reached approximately CNY 9.41 billion, up from CNY 7.01 billion, indicating an increase of about 34.3%[13] - The company's equity remained stable at approximately CNY 2.70 billion, unchanged from the previous period[13] - The total equity attributable to shareholders of the parent company increased to ¥17.06 billion, up from ¥16.07 billion in the previous year, reflecting a growth of 6.1%[14] Cash Flow - The company reported a net cash flow from operating activities of CNY 799,954,233.84 for the year-to-date, representing a growth of 13.79%[3] - The net cash flow from operating activities for the third quarter was ¥799,954,233.84, an increase from ¥703,018,100.02 in the same period last year, representing a growth of approximately 13.8%[20] - Total cash inflow from operating activities amounted to ¥19,956,152,746.50, compared to ¥18,561,973,841.25 in the previous year, indicating an increase of about 7.5%[20] - Cash outflow for purchasing goods and services was ¥16,782,867,845.54, up from ¥15,279,250,406.60, reflecting a rise of approximately 9.8%[20] - The net cash flow from investing activities was -¥1,892,283,957.48, worsening from -¥845,341,871.19 year-over-year[21] - Cash inflow from financing activities totaled ¥2,711,005,172.24, significantly higher than ¥553,790,811.05 in the previous year, marking an increase of about 389.5%[21] - The net cash flow from financing activities was ¥537,774,102.82, compared to -¥392,950,534.67 in the same quarter last year, indicating a positive turnaround[21] Operational Highlights - The increase in net profit is primarily attributed to rising prices and sales volume of refrigerant products[6] - The company completed the acquisition of Zibo Feiyuan Chemical Co., Ltd. in January 2024, integrating it into the financial statements[10] - The production of the third-generation fluorinated refrigerants (HFCs) commenced in January 2024, in accordance with national production quotas[10] - Research and development expenses for the first three quarters of 2024 were ¥849.42 million, up 15.0% from ¥738.56 million in 2023, indicating a focus on innovation[16] Inventory and Receivables - The inventory value increased significantly to approximately CNY 2.64 billion from CNY 1.76 billion, reflecting a rise of about 49.4%[12] - Accounts receivable rose to approximately CNY 1.61 billion, compared to CNY 920.56 million, marking an increase of about 74.9%[11] - The company's short-term borrowings surged to approximately CNY 1.28 billion from CNY 605.05 million, an increase of about 111.1%[13] - Long-term borrowings also increased to approximately CNY 2.63 billion from CNY 1.74 billion, representing a growth of about 51.1%[13] Dividend and Interest Payments - The cash paid for dividends and interest was ¥413,193,331.08, down from ¥758,680,207.00, reflecting a decrease of about 45.5%[21]