Hugeleaf(SH:600226)2024-10-24 08:38Financial Performance - Revenue for Q3 2024 reached ¥347,021,487.20, an increase of 119.45% year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was ¥70,822,930.30, up 35.04% compared to the same period last year[2] - Operating income for the year-to-date period reached ¥908,204,370.68, a growth of 106.70% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 reached ¥908,204,370.68, a significant increase from ¥439,391,684.64 in the same period of 2023, representing a growth of approximately 106.6%[14] - The net profit for the third quarter of 2024 was CNY 163,641,791.74, an increase from CNY 159,394,877.10 in the same period of 2023, reflecting a growth of approximately 1.4%[15] - The total profit for the third quarter of 2024 reached CNY 194,158,728.84, compared to CNY 175,284,946.95 in the previous year, indicating an increase of about 10.8%[15] - The company's operating profit for Q3 2024 was CNY 183,143,469.32, slightly up from CNY 175,407,406.04 in Q3 2023, marking a growth of around 4.2%[15] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥4,364,694,157.41, reflecting a 1.16% increase from the end of the previous year[3] - Total liabilities increased to ¥957,014,742.15 in Q3 2024 from ¥826,048,737.29 in Q3 2023, marking a rise of approximately 15.8%[13] - The equity attributable to shareholders of the parent company rose to ¥3,407,679,415.26 in Q3 2024, compared to ¥3,259,189,338.30 in Q3 2023, an increase of about 4.5%[14] - The company's long-term equity investments decreased to ¥1,538,908,975.62 in Q3 2024 from ¥1,616,723,843.93 in Q3 2023, a decline of approximately 4.8%[12] Cash Flow - Cash flow from operating activities for the first three quarters of 2024 was CNY 941,840,283.88, significantly higher than CNY 508,954,125.40 in the same period of 2023, representing an increase of approximately 84.8%[17] - The net cash flow from investing activities for the first three quarters of 2024 was -CNY 131,248,274.32, an improvement compared to -CNY 332,352,753.51 in the same period of 2023[18] - The company reported a decrease in cash and cash equivalents, with a net decrease of CNY 199,352,545.25 in Q3 2024, compared to a decrease of CNY 119,469,905.12 in Q3 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 36,744[6] - The largest shareholder, Hengtong Group Co., Ltd., held 14.73% of the shares, with 270,298,280 shares pledged[6] - As of September 30, 2024, Zhejiang Hengtong Holdings Co., Ltd. repurchased 84,695,449 shares, accounting for 2.77% of the total share capital[8] - Hengtong Group Co., Ltd. remains the largest shareholder, holding 450,497,132 shares[7] Research and Development - Research and development expenses surged to ¥26,936,007.87 in 2024, up from ¥6,156,503.17 in 2023, reflecting a growth of approximately 338.5%[14] Other Financial Metrics - The basic earnings per share for Q3 2024 was ¥0.02, unchanged from the previous quarter[3] - The weighted average return on equity for Q3 2024 was 2.07%, an increase of 0.46 percentage points year-over-year[3] - Non-recurring gains and losses totaled ¥29,533,387.22 for Q3 2024, with significant contributions from government subsidies and asset disposals[4] - The company reported a significant increase in accounts receivable, rising to CNY 197,305,361.08 from CNY 67,594,710.24 in the previous period[11] - The company completed the acquisition of a 49% stake in Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. for CNY 29,296.00 million, resulting in 100% ownership[9] - The company has a bad debt provision of CNY 26,620.00 million related to overdue transaction intention funds[9] - The company has received CNY 12,349,367.52 in government subsidies related to the acquisition of Hengtong Copper Foil[10] - The company provided financial assistance of CNY 81,600,000 to Hengtong Copper Foil, which was repaid ahead of schedule[10] - The company completed the transfer of 100% equity of Chengdu Yanlong Technology Co., Ltd. for CNY 1.2 million[9] - The company is actively pursuing legal actions to recover overdue transaction intention funds, with a court ruling in its favor[9] - The company's cash and cash equivalents increased to ¥1,471,113,262.67 in Q3 2024, up from ¥1,357,838,526.92 in Q3 2023, reflecting a growth of approximately 8.3%[12] - The accounts payable increased to ¥252,705,040.11 in Q3 2024 from ¥244,891,751.18 in Q3 2023, indicating a rise of about 3.3%[13] - Deferred income increased to ¥80,277,183.43 in Q3 2024 from ¥57,683,593.40 in Q3 2023, representing a growth of about 39.0%[13] - The company recorded a foreign exchange gain of CNY 600,361.99 in Q3 2024, compared to a gain of CNY 663,877.26 in Q3 2023[19] - The company's total revenue from sales and services received in cash for the first three quarters of 2024 was CNY 782,337,539.21, compared to CNY 451,125,986.87 in the same period of 2023, indicating a growth of approximately 73.3%[17]