CAERI(601965)2024-10-25 09:17Financial Performance - The company's operating revenue for Q3 2024 reached CNY 1,016,260,297.87, representing a year-on-year increase of 13.94% compared to CNY 870,113,392.69 in the same period last year[1] - The net profit attributable to shareholders for Q3 2024 was CNY 263,154,778.40, an increase of 21.95% from CNY 213,106,545.46 in the previous year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 228,425,166.52, reflecting a year-on-year growth of 12.13%[2] - The basic earnings per share for Q3 2024 was CNY 0.27, up 22.73% from CNY 0.22 in the same quarter last year[2] - Total operating revenue for the first three quarters of 2024 reached ¥3,047,414,926.36, an increase of 18.2% compared to ¥2,579,881,702.87 in the same period of 2023[13] - Operating profit for the first three quarters of 2024 was ¥848,230,290.45, up from ¥707,359,327.14 in 2023, reflecting a growth of 19.9%[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was ¥669,817,384.99, compared to ¥563,942,106.83 in 2023, representing an increase of 18.8%[15] - The total comprehensive income for Q3 2024 was ¥716,140,446.96, compared to ¥605,300,441.40 in Q3 2023, reflecting an increase of 18.3%[15] Cash Flow and Liquidity - The company achieved a net cash flow from operating activities of CNY 144,739,598.88 for the year-to-date, a significant increase of 284.93% compared to the previous year[2] - As of September 30, 2024, cash and cash equivalents decreased to approximately ¥1.22 billion from ¥2.38 billion at the end of 2023, representing a decline of 48.80%[10] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 2,217,964,991.84, a slight increase from CNY 2,170,435,386.51 in the same period of 2023[16] - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 144,739,598.88, compared to a positive CNY 78,268,230.68 in 2023[18] - Cash outflow from investing activities in the first three quarters of 2024 was CNY 817,694,778.62, significantly higher than CNY 301,743,028.01 in 2023[18] - The net cash flow from investing activities for the first three quarters of 2024 was -CNY 717,502,856.10, compared to -CNY 82,822,548.12 in 2023[18] - Cash inflow from financing activities in the first three quarters of 2024 was CNY 129,233,224.25, compared to CNY 8,285,943.12 in 2023[18] - The net cash flow from financing activities for the first three quarters of 2024 was -CNY 301,654,815.27, an improvement from -CNY 416,295,911.85 in 2023[18] - The ending cash and cash equivalents balance as of the end of Q3 2024 was CNY 1,104,299,432.43, down from CNY 1,417,901,191.27 at the end of Q3 2023[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to CNY 9,522,079,258.29, showing a year-on-year increase of 4.36%[2] - Total assets reached approximately ¥9.52 billion, an increase from ¥9.12 billion, reflecting a growth of 4.52%[11] - The total liabilities increased to ¥2,302,075,577.66 in Q3 2024 from ¥2,202,087,215.82 in Q3 2023, marking a rise of 4.5%[12] - The total equity increased to ¥7,220,003,680.63 in Q3 2024 from ¥6,922,194,627.46 in Q3 2023, reflecting a growth of 4.3%[12] - The company's equity attributable to shareholders was CNY 6,846,063,257.42, reflecting a year-on-year increase of 3.98%[2] Operational Highlights - The automotive technology service segment generated revenue of CNY 2,591,000,000, with a year-on-year growth of 18.69%[2] - The equipment manufacturing segment reported revenue of CNY 456,000,000, marking a year-on-year increase of 15.02%[2] - Research and development expenses for the first three quarters of 2024 amounted to ¥165,062,602.19, up from ¥149,686,913.24 in 2023, showing an increase of 10.2%[13] - The total operating costs for the first three quarters of 2024 were ¥2,264,322,175.45, an increase of 17.6% from ¥1,925,781,685.80 in 2023[13] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 19,548, with the largest shareholder, China Inspection and Certification Group, holding 534,714,168 shares, accounting for 53.30%[8] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[9] Inventory and Receivables - Accounts receivable increased significantly to approximately ¥2.08 billion, up from ¥1.01 billion, marking an increase of 105.80%[10] - Inventory increased to approximately ¥397.85 million from ¥268.10 million, representing a growth of 48.38%[10] - Accounts payable increased to approximately ¥842.10 million from ¥664.86 million, reflecting a rise of 26.67%[11] - The company reported a significant increase in prepayments to approximately ¥151.86 million, up from ¥57.83 million, marking an increase of 162.60%[10] - Short-term borrowings rose to approximately ¥13.31 million from ¥5.31 million, an increase of 150.00%[11]