维远股份(600955) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,695,169,940.85, representing a 55.08% increase compared to the same period last year[1] - The net profit attributable to shareholders was ¥52,131,726.67, a decrease of 6.50% year-on-year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,931,647.80, down 7.34% from the previous year[1] - Total operating revenue for the first three quarters of 2024 reached ¥7,213,819,349.11, a significant increase of 46.3% compared to ¥4,927,700,973.86 in the same period of 2023[12] - Net profit for the first three quarters of 2024 was ¥87,870,251.82, slightly higher than ¥87,634,411.19 in the same period of 2023, indicating a growth of 0.3%[15] - The total comprehensive income for the first three quarters of 2024 was ¥87,870,251.82, compared to ¥87,634,411.19 in 2023, showing a marginal increase of 0.3%[15] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥13,559,729,214.56, reflecting a 5.17% increase from the end of the previous year[2] - As of September 30, 2024, the total assets of Lihua Yi Weiyuan Chemical Co., Ltd. amounted to RMB 13,559,729,214.56, an increase from RMB 12,893,279,190.80 at the end of 2023, reflecting a growth of approximately 5.2%[9] - Total liabilities amounted to RMB 4,781,739,262.32, up from RMB 4,151,319,941.14, reflecting an increase of approximately 15.2%[10] - The total liabilities increased to ¥4,930,261,088.30 in Q3 2024 from ¥4,259,167,673.38 in Q3 2023, representing a rise of 15.7%[11] - The total equity attributable to shareholders was ¥8,629,468,126.26 in Q3 2024, slightly down from ¥8,634,111,517.42 in Q3 2023, a decrease of 0.05%[11] Cash Flow - The cash flow from operating activities for the year-to-date reached ¥976,524,293.43, showing a significant increase of 134.17% compared to the same period last year[1] - Cash flow from operating activities totaled ¥8,625,713,007.78 in the first three quarters of 2024, compared to ¥5,467,025,728.66 in 2023, marking an increase of 57.5%[16] - The net cash flow generated from operating activities was CNY 976,524,293.43, an increase of 133.4% compared to CNY 417,023,510.37 in the previous year[17] - Total cash outflow from operating activities amounted to CNY 7,649,188,714.35, up from CNY 5,050,002,218.29, indicating a significant increase in operational expenditures[17] - The cash and cash equivalents at the end of the period increased to CNY 934,382,110.75, compared to CNY 334,174,317.96 at the end of the previous year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,406[5] - The controlling shareholder, Weiyuan Holdings, has implemented a share buyback plan, purchasing 237,000 shares for a total of RMB 3,096,711.00, which is about 0.04% of the total share capital[8] - The company has not reported any significant changes in the top 10 shareholders or their shareholding percentages during the reporting period[7] Operational Insights - The increase in operating revenue is primarily attributed to the production ramp-up of new projects, leading to higher product sales[4] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[8] Research and Development - Research and development expenses for the first three quarters of 2024 were ¥29,226,069.77, up from ¥26,484,765.69 in 2023, reflecting a growth of 10.4%[14] Accounting Changes - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[18]