BJP(SH:600578)2024-10-25 09:22Financial Performance - The company's operating revenue for Q3 2024 was ¥8,734,329,998.18, representing a year-over-year increase of 1.08%[2] - Net profit attributable to shareholders for Q3 2024 was ¥501,985,768.39, reflecting a 9.04% increase compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥513,728,445.62, up 12.05% year-over-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 25,004,475,414.78, an increase of 5.73% compared to CNY 23,648,568,195.63 in the same period of 2023[15] - The company's net profit attributable to shareholders rose to CNY 1,324,874,469.14, compared to CNY 709,342,303.29 in the previous year, indicating a significant increase of 86.67%[14] - The total profit for Q3 2024 was CNY 1,893,837,983.97, compared to CNY 1,001,833,348.27 in the same period last year, marking an increase of about 89.0%[16] - The company's operating profit rose to CNY 1,922,836,248.79 in Q3 2024, up from CNY 1,033,386,002.81 in Q3 2023, reflecting a growth of approximately 85.9%[16] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥91,740,964,172.35, a 1.98% increase from the end of the previous year[3] - The company's total equity attributable to shareholders at the end of Q3 2024 was ¥28,186,643,056.37, up 2.51% from the previous year[3] - Total liabilities increased to CNY 57,326,124,850.22 from CNY 57,169,971,418.75, reflecting a growth of 0.27%[14] - The company reported a decrease in short-term borrowings to CNY 9,182,153,097.56 from CNY 9,752,679,254.69, indicating improved liquidity management[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥4,443,476,649.97, showing an increase of 86.56% year-over-year[7] - Cash flow from operating activities for the first nine months of 2024 was CNY 4,443,476,649.97, compared to CNY 2,381,824,561.80 in the same period of 2023, representing an increase of approximately 86.5%[19] - The company reported cash inflow from operating activities totaling CNY 29,176,575,551.99 for the first nine months of 2024, compared to CNY 26,881,920,728.68 in the previous year, an increase of about 8.6%[19] - Investment activities resulted in a net cash outflow of CNY 1,545,947,817.99 in the first nine months of 2024, an improvement from a net outflow of CNY 3,014,735,209.89 in the same period of 2023[20] - Financing activities generated a net cash outflow of CNY 1,898,068,074.85 in the first nine months of 2024, compared to a net inflow of CNY 549,924,584.50 in the same period of 2023[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,129, with the largest shareholder holding 66.73% of the shares[10] - The company did not report any changes in the participation of major shareholders in margin trading or securities lending activities[12] Research and Development - Research and development expenses increased by 326.61% in Q3 2024, indicating a substantial rise in investment in innovation[7] - Research and development expenses increased significantly to CNY 74,505,018.69 in 2024 from CNY 17,464,273.54 in 2023, indicating a focus on innovation[15] Cash and Current Assets - The company's cash and cash equivalents at the end of Q3 2024 stood at CNY 5,401,435,039.04, compared to CNY 3,948,526,431.62 at the end of Q3 2023, indicating an increase of about 36.9%[20] - The company's current assets totaled 14,544.99 million RMB as of September 30, 2024, an increase from 12,981.86 million RMB at the end of 2023[12] - Cash and cash equivalents increased to 5,608.84 million RMB from 4,645.82 million RMB year-over-year[12] - Accounts receivable decreased to 4,286.35 million RMB from 5,056.29 million RMB, indicating improved collection efficiency[12] - Inventory rose to 1,893.26 million RMB, up from 1,379.40 million RMB, reflecting increased operational activity[12] Tax and Legal Matters - The company reported a decrease in expected liabilities by 100.00% due to a court ruling related to a pending lawsuit[7] - The company's cash flow from tax refunds increased to 47.74 million RMB, primarily due to a rise in VAT refunds compared to the same period last year[8] - The company reported a significant increase in cash paid for taxes, amounting to 30.34 million RMB, due to higher VAT and related taxes[8] - Cash paid for operating activities reached 75.56 million RMB, mainly due to compensation payments related to a lawsuit[8]