兆易创新(603986) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,040,559,511.23, representing a year-on-year increase of 42.83%[2] - Net profit attributable to shareholders for the same period was ¥315,112,515.15, a significant increase of 222.55% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥304,019,306.91, reflecting a remarkable growth of 367.35% year-on-year[2] - Basic earnings per share for Q3 2024 were ¥0.48, an increase of 242.86% year-on-year[2] - The diluted earnings per share for the same period were ¥0.47, marking a growth of 235.71% compared to the previous year[2] - The net profit for the third quarter of 2024 was CNY 832,100,288.06, compared to CNY 433,675,509.91 in the same period last year, representing a significant increase[25] - The total comprehensive income attributable to the parent company was CNY 746,232,861.61, compared to CNY 651,556,856.59 in the previous year, marking an increase of approximately 14.5%[25] - The net profit attributable to shareholders for the current period surged by 222.55% compared to the same period last year, driven by increased revenue and improved gross margins[51] - Operating revenue for the current period rose by 42.83%, attributed to a recovery in market demand following a period of inventory destocking[51] - The basic earnings per share for the current period increased by 242.86%, indicating strong profitability growth[51] Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥608,130,628.69, up 80.65% from the same period last year[2] - Cash flow from operating activities for the first three quarters of 2024 was ¥1,856,846,341.99, up 89.24% from the same period in 2023[14] - The net cash flow from operating activities increased by 80.65% in the current period, primarily due to higher sales revenue and increased interest income[51] - The net cash flow from financing activities was CNY 501,621,059.51, contrasting with a negative cash flow of CNY -506,784,624.55 in the same period last year[20] - The company reported a net cash inflow from financing activities of ¥486,094,622.35 in 2024, compared to a net outflow of -¥521,672,490.88 in 2023[73] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥18,162,982,363.14, an increase from ¥16,455,783,581.80 at the end of the previous year[10] - The total liabilities for the company increased to ¥1,968,811,939.31, compared to ¥986,175,191.96 in the same period last year[10] - The total liabilities increased to CNY 1,804,163,876.26 from CNY 1,128,008,695.09, indicating a growth of approximately 60%[20] - The total equity increased to CNY 14,473,806,844.99 from CNY 14,113,098,528.28, reflecting a growth of about 2.56%[20] - The total assets and liabilities of the company as of September 30, 2024, amounted to ¥16,277,970,721.25, an increase from ¥15,241,107,223.37 at the end of 2023[75] - The total liabilities amounted to approximately ¥2.17 billion, up from ¥1.26 billion, indicating a significant increase of about 72.1%[45] Investments and Expenses - The total cash outflow from investing activities was CNY 2,974,561,583.97, compared to CNY 2,743,780,211.90 in the previous year, representing an increase of about 8.4%[20] - The company's long-term equity investments rose significantly to approximately ¥111.74 million from ¥25.73 million, marking an increase of about 334.5%[43] - Research and development expenses increased to ¥845,884,402.79 in 2024, compared to ¥756,770,461.28 in 2023, reflecting a growth of 11.7%[71] - The company's sales expenses increased to ¥277,572,176.06 in 2024 from ¥207,086,246.85 in 2023, reflecting a rise of 34%[71] Cash and Equivalents - The cash and cash equivalents at the end of the period were CNY 3,084,116,538.20, down from CNY 3,557,920,994.74, showing a decrease of approximately 13.3%[20] - The company's cash and cash equivalents decreased from CNY 3,532,165,762.78 to CNY 3,107,173,694.57, a decline of about 12%[27] - The company's cash and cash equivalents increased to approximately ¥9.27 billion from ¥7.27 billion, representing a growth of approximately 27.5%[43] - The cash and cash equivalents at the end of September 2024 were ¥9,221,475,968.76, up from ¥6,277,046,206.93 at the end of 2023[73] Other Financial Metrics - The weighted average return on equity increased by 1.41 percentage points to 2.05% for Q3 2024[2] - Financial expenses decreased to -¥167,320,581.11 in 2024 from -¥235,879,771.98 in 2023, indicating improved financial management[71] - The investment income for the first three quarters of 2024 was ¥19,119,796.69, down from ¥57,167,302.60 in the same period of 2023[71] - The after-tax net amount of other comprehensive income is reported as -$8.41 million, a decrease from $636,780.70[76]