山西路桥(000755) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 was CNY 425.11 million, a decrease of 8.43% compared to CNY 450.76 million in the same period last year[3]. - Net profit attributable to shareholders was CNY 144.79 million, an increase of 8.83% from CNY 136.72 million year-on-year[3]. - Basic earnings per share for Q3 2024 was CNY 0.0987, up 8.82% from CNY 0.0932 in the previous year[3]. - The net profit for Q3 2024 was CNY 381,936,903.94, a decrease of 1.89% compared to CNY 387,670,976.34 in Q3 2023[15]. - Operating profit for Q3 2024 was CNY 507,274,265.01, down from CNY 519,612,733.39 in the same period last year, reflecting a decline of 2.58%[15]. - Total operating revenue for the third quarter was CNY 1,185,082,730.79, a decrease of 7.2% compared to CNY 1,276,679,658.45 in the same period last year[14]. - The company reported a total revenue from sales of goods and services of CNY 1,258,777,874.57 for Q3 2024, down from CNY 1,283,098,524.93 in Q3 2023, a decline of 1.90%[16]. - Financial expenses for Q3 2024 were CNY 153,331,215.72, a decrease from CNY 184,387,462.33 in Q3 2023, reflecting a reduction of 16.87%[15]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was CNY 958.61 million, reflecting a growth of 6.81% compared to CNY 900.19 million last year[3]. - Cash flow from operating activities for Q3 2024 was CNY 958,609,648.47, an increase from CNY 897,531,477.85 in Q3 2023, representing a growth of 6.73%[16]. - As of September 30, 2024, the company's cash and cash equivalents amounted to ¥994,465,624.65, an increase from ¥838,073,007.26 at the beginning of the period, representing a growth of approximately 18.66%[11]. - Total cash and cash equivalents at the end of Q3 2024 amounted to CNY 981,653,624.65, compared to CNY 1,051,621,019.04 at the end of Q3 2023, indicating a decrease of 6.63%[17]. - The company’s cash and cash equivalents increased, contributing to improved liquidity[12]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12.74 billion, a decrease of 2.26% from the previous year-end[3]. - Current assets totaled CNY 1,072,512,281.52, an increase from CNY 938,703,542.00, reflecting a growth of 14.2%[12]. - Non-current assets decreased to CNY 11,384,251,668.97 from CNY 11,805,495,933.01, a decline of 3.6%[12]. - Total liabilities amounted to CNY 7,189,174,912.56, down from CNY 7,792,518,390.97, indicating a reduction of 7.8%[13]. - The company reported a decrease in accounts payable to CNY 269,047,165.41 from CNY 295,295,866.88, a decline of 8.9%[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,990, with the largest shareholder holding 58.42%[7]. - The top 10 shareholders include Shanxi Provincial Highway Group with 857,266,275 shares, representing a significant portion of the total shareholding[8]. - The total number of shares held by Shanxi Provincial Tourism Investment Holding Group decreased to 6,000,000, accounting for 0.41% of the total share capital[9]. - The company reported that the top 10 shareholders' participation in margin trading and securities lending has changed, with some shareholders exiting this activity[10]. Operational Highlights - The company reported a significant reduction in accounts receivable by 41.75%, from CNY 92.55 million to CNY 53.92 million[5]. - The company’s contract liabilities decreased by 96.79% as a result of revenue recognition[5]. - Other income increased by 121.08% to CNY 836,224.62 due to higher government subsidies received[6]. - The company received government subsidies totaling CNY 444,524.00 during the reporting period[4]. - Research and development expenses were CNY 1,712,889.24, slightly down from CNY 1,893,903.38, a decrease of 9.5%[14]. - The company has not disclosed any new product or technology developments in this quarter[10]. - There are no significant changes in market expansion or mergers and acquisitions reported during this period[10]. - The company did not provide specific future guidance or outlook in the current report[10]. Debt and Financing Activities - The company paid CNY 4,429,344,444.44 in debt repayments during Q3 2024, significantly higher than CNY 173,314,341.46 in Q3 2023[17]. - The total cash outflow from financing activities in Q3 2024 was CNY 4,658,809,584.57, compared to CNY 457,103,613.96 in Q3 2023, indicating a substantial increase in financing activities[17].