CTM(SH:600711)2024-10-25 09:09Financial Performance - The company's operating revenue for Q3 2024 reached ¥6,243,606,814.42, representing a 23.79% increase compared to the same period last year[3]. - Net profit attributable to shareholders was ¥582,948,368.90, a significant increase of 940.68% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥648,169,424.17, reflecting a year-on-year increase of 1,135.12%[3]. - Basic earnings per share for the current period was ¥0.186, up 933.33% from the previous year[4]. - The company's net profit for Q3 2024 reached CNY 1,859,052,752.45, a significant increase from CNY 510,918,932.48 in Q3 2023, representing a growth of approximately 264%[20]. - The company's total profit for Q3 2024 was CNY 1,970,868,937.36, significantly higher than CNY 584,506,684.62 in Q3 2023, reflecting an increase of approximately 237%[20]. - The total comprehensive income for Q3 2024 was CNY 1,722,957,193.20, compared to CNY 887,242,951.53 in Q3 2023, representing an increase of approximately 94%[21]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥2,172,681,719.10, an increase of 115.52% compared to the same period last year[8]. - The company's cash and cash equivalents decreased to CNY 4.38 billion from CNY 4.88 billion, a decline of approximately 10.14%[16]. - The cash and cash equivalents at the end of the period were 2,004,434,993.81 CNY, down from 3,413,401,743.07 CNY year-over-year[23]. - The company reported a decrease in cash and cash equivalents by 1,126,415,614.21 CNY during the period[23]. Share Capital and Ownership - The company's total share capital has been reduced from 3,122,669,280 shares to 3,090,611,551 shares following the cancellation of 32,057,729 repurchased shares[14]. - The registered capital has been adjusted from 3,122,669,280 RMB to 3,090,611,551 RMB after the share cancellation[14]. - Shenzhen Shengtun Group Co., Ltd. holds 14.65% of the company's shares, amounting to 457,494,897 shares[10]. - The company has 152,739 total common shareholders at the end of the reporting period[10]. Leadership Changes - The company appointed a new CFO, Zhou Hualin, following the resignation of the previous CFO, Weng Xiong[14]. - The company has undergone a change in leadership, with Xiong Bo being elected as the new chairman of the board[14]. Strategic Initiatives - The company is focused on enhancing its copper production capacity and maintaining high metal prices, which are expected to support future growth[8]. - The company plans to acquire 45% of Huawai Nickel Industry Co., Ltd. for a total consideration of $162,819,811.12, which will allow it to indirectly hold 65% of YouShan Nickel Industry Co., Ltd. after the transaction[13]. - As of the report date, the first payment of $80 million for the acquisition has been made, with the remaining payment scheduled according to the contract[13]. Cost Management - The company has implemented effective cost control measures, contributing to improved profitability and cash flow[8]. - The total operating costs for the first three quarters of 2024 were CNY 15.51 billion, compared to CNY 17.73 billion in 2023, showing a reduction of about 12.48%[18]. Research and Development - Research and development expenses increased to CNY 39,866,766.88 in Q3 2024, up from CNY 25,404,664.10 in Q3 2023, marking a rise of about 57%[20].