驰宏锌锗(600497) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 4,825,012,575.74, a decrease of 11.48% compared to CNY 5,450,646,511.94 in the same period last year[3]. - Net profit attributable to shareholders was CNY 571,042,453.60, reflecting a slight decrease of 2.97% from CNY 588,546,427.17 year-on-year[3]. - The company reported a decrease in net profit attributable to shareholders for the year-to-date period, totaling CNY 1,473,840,870.92, down 15.79% from CNY 1,750,207,788.47[3]. - Total operating revenue for the first three quarters of 2024 was CNY 14.65 billion, a decrease of 11.2% compared to CNY 16.50 billion in the same period of 2023[19]. - Net profit for the first three quarters of 2024 was CNY 1.47 billion, a decrease of 15.9% compared to CNY 1.75 billion in 2023[21]. - Basic earnings per share were CNY 0.1122, down 2.94% from CNY 0.1156 in the same period last year[3]. - The basic earnings per share for the first three quarters of 2024 was CNY 0.2895, down from CNY 0.3438 in the same period of 2023[22]. Cash Flow and Investments - The net cash flow from operating activities increased by 7.99% to CNY 985,313,907.75, compared to CNY 912,402,033.30 in the previous year[3]. - Cash flow from operating activities was CNY 16.26 billion in the first three quarters of 2024, down 18.0% from CNY 19.93 billion in 2023[23]. - Cash inflow from operating activities for the first three quarters of 2024 was approximately ¥16.57 billion, a decrease of 17.5% compared to ¥20.11 billion in the same period of 2023[24]. - Cash outflow from operating activities totaled ¥13.98 billion in 2024, down from ¥17.19 billion in 2023, resulting in a net cash flow from operating activities of ¥2.59 billion, a decline of 11.4% year-over-year[24]. - The net cash flow from investing activities increased by 160.17% due to payments for equity acquisitions, which were not present in the previous period[6]. - Cash inflow from investment activities was ¥474.15 million in 2024, compared to ¥315.50 million in 2023, marking a 50.5% increase[24]. - Net cash flow from investment activities was -¥1.42 billion in 2024, worsening from -¥544.85 million in 2023[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 26,567,302,114.24, a decrease of 4.24% compared to the previous year[3]. - As of September 30, 2024, the company's total assets amounted to CNY 26,674,437,567.39, down from CNY 27,854,767,756.35 at the end of 2023[17]. - The company's total liabilities decreased to CNY 7.65 billion as of September 30, 2024, from CNY 8.46 billion at the end of 2023, representing a reduction of 9.5%[18]. - The total equity attributable to shareholders decreased to CNY 16.53 billion as of September 30, 2024, from CNY 16.89 billion at the end of 2023, a decline of 2.1%[18]. - The company reported a total current liability of CNY 5,154,152,982.19, an increase from CNY 4,259,696,476.72 at the end of 2023, representing an increase of approximately 20.9%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,113[7]. - The largest shareholder, Yunnan Metallurgical Group Co., Ltd., holds 1,944,142,784 shares, representing 38.19% of total shares[7]. - The company plans to repurchase shares through centralized bidding to maintain value and protect shareholder interests, with the process yet to commence as of the report date[14]. - The company has completed the establishment of a dedicated securities account for share repurchase but has not yet executed any buybacks as of the report date[14]. Production and Operations - The company's lead and zinc concentrate metal production for the reporting period was 230,300 tons, a decrease of 27,600 tons compared to the same period last year, primarily due to production stoppages at mining facilities[13]. - For the first nine months of 2024, the production of lead products was 128,500 tons, while zinc products totaled 138,500 tons, reflecting a decrease from 132,100 tons and 188,700 tons respectively in the same period of 2023[12]. - The company's inventory decreased to CNY 1,351,883,450.44 from CNY 1,624,880,386.89, reflecting a reduction of approximately 16.7%[16]. Research and Development - Research and development expenses increased by 91.76% due to heightened investment in R&D efforts[6]. - Research and development expenses increased to CNY 81.13 million in the first three quarters of 2024, up 91.8% from CNY 42.31 million in 2023[21]. Other Financial Metrics - Non-recurring gains and losses for the period amounted to CNY 25,617,499.39, with government subsidies contributing CNY 40,619,040.37[5]. - Other income saw a significant increase of 561.11% attributed to VAT adjustments compared to the same period last year[6]. - The company reported a tax expense of CNY 258.65 million for the first three quarters of 2024, compared to CNY 294.07 million in 2023, a decrease of 12.0%[21]. - The company received tax refunds of approximately ¥48.47 million in 2024, significantly higher than ¥17.20 million in 2023, indicating improved tax recovery efforts[24]. - The company paid approximately ¥1.12 billion to employees in 2024, slightly down from ¥1.15 billion in 2023, reflecting a 2.3% decrease in employee compensation[24]. - The company reported a 326.26% increase in employee compensation payable, reflecting accrued salaries not yet disbursed[6].