创业环保(600874) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was RMB 117,125.9 million, representing a year-on-year increase of 1.58%[2] - The net profit attributable to shareholders for Q3 2024 was RMB 25,563.2 million, an increase of 14.44% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 23,974.6 million, up 18.48% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached RMB 3,389,425, an increase from RMB 3,261,970 in the same period of 2023, representing a growth of approximately 3.9%[14] - The net profit attributable to shareholders for the first three quarters of 2024 was RMB 6,067,252, up from RMB 5,650,381 in the same period of 2023, reflecting a growth of approximately 7.4%[13] - The net profit for Q3 2024 reached CNY 732,654 thousand, compared to CNY 693,660 thousand in the same period last year, reflecting a growth of approximately 5.6%[16] - The net profit attributable to shareholders of the parent company was CNY 677,560 thousand, an increase from CNY 661,228 thousand, which is a rise of about 2.5%[16] - The basic earnings per share for Q3 2024 was CNY 0.43, compared to CNY 0.42 in Q3 2023, showing an increase of approximately 2.4%[16] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,553,414.0 million, reflecting a 4.39% increase from the end of the previous year[3] - Current assets as of September 30, 2024, totaled RMB 7,449,753, up from RMB 6,235,654 as of December 31, 2023, indicating an increase of about 19.5%[11] - Non-current assets totaled RMB 18,084,387 as of September 30, 2024, slightly down from RMB 18,225,000 at the end of 2023, a decrease of about 0.8%[12] - Total liabilities increased to RMB 14,837,489 from RMB 14,244,893, representing a rise of approximately 4.2%[13] - The company's total assets reached RMB 25,534,140, compared to RMB 24,460,654 at the end of 2023, indicating an increase of about 4.4%[13] - The company's long-term borrowings stood at RMB 7,501,283, an increase from RMB 7,257,625, indicating a rise of about 3.4%[13] - The total equity attributable to shareholders increased to RMB 9,539,512 from RMB 9,122,177, representing a growth of approximately 4.6%[13] Cash Flow - The company reported a net cash flow from operating activities of RMB 73,867.5 million for the year-to-date, which is a decrease of 10.14% compared to the same period last year[2] - The cash flow from operating activities for the first three quarters of 2024 was CNY 738,675 thousand, down from CNY 822,062 thousand in the same period last year, a decrease of about 10.2%[18] - The total cash inflow from operating activities for the first three quarters of 2024 was CNY 2,483,911 thousand, down from CNY 2,660,119 thousand in the same period last year, a decrease of about 6.6%[18] - The net cash flow from investment activities was -571,397 thousand RMB, a decrease from -1,304,208 thousand RMB year-over-year[19] - The net cash flow from financing activities was 10,008 thousand RMB, a significant decrease from 305,955 thousand RMB year-over-year[19] - Cash inflow from financing activities totaled 2,484,665 thousand RMB, compared to 2,120,527 thousand RMB in the previous year[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,396[5] - The largest shareholder, Tianjin Municipal Investment Co., Ltd., held 715,565,186 shares, accounting for 45.57% of the total shares[6] Research and Development - Research and development expenses for Q3 2024 were CNY 30,861 thousand, compared to CNY 23,725 thousand in Q3 2023, marking an increase of approximately 30.2%[15] - The company plans to continue expanding its investment in research and development to enhance its technological capabilities and market competitiveness[22] - Research and development expenses increased significantly to CNY 16,233, up 105.4% from CNY 7,905 in the same period last year[22] Operating Costs - The total operating costs amounted to CNY 2,598,844 thousand, up from CNY 2,481,341 thousand, indicating an increase of about 4.7%[15] - The total profit for Q3 2024 was CNY 858,871 thousand, up from CNY 846,689 thousand, indicating a growth of about 1.5%[15] - The financial expenses for Q3 2024 were CNY 258,216 thousand, compared to CNY 179,990 thousand in Q3 2023, representing an increase of approximately 43.3%[15] Market and Product Development - The company has not reported any new product developments or market expansion strategies in this quarter[7]