东方精工(002611) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,144,651,410.20, a decrease of 7.96% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥166,163,143.02, an increase of 152.87% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥147,087,872.50, up 76.58% from the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.13, reflecting a 116.67% increase compared to the same period last year[2]. - The net profit for Q3 2024 was CNY 356.86 million, an increase of 16.3% compared to CNY 306.81 million in Q3 2023[14]. - Operating profit reached CNY 486.64 million, up 13.7% from CNY 427.99 million in the same period last year[14]. - The total profit for the period was CNY 487.55 million, an increase of 13.8% from CNY 428.32 million in the same quarter last year[14]. - The total comprehensive income for the period was CNY 347.46 million, compared to CNY 325.65 million in Q3 2023, an increase of 6.7%[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥7,358,744,021.53, a decrease of 2.38% from the end of the previous year[2]. - Current assets totaled CNY 4,593,421,752.39, down from CNY 4,877,177,256.11, indicating a decline of about 5.83%[12]. - Non-current assets increased to CNY 2,765,322,269.14 from CNY 2,661,045,313.91, reflecting a growth of approximately 3.93%[12]. - Total liabilities decreased to CNY 2,275,627,083.92 from CNY 2,804,014,600.68, a reduction of about 18.73%[12]. - The company's total assets amounted to CNY 7,358,744,021.53, down from CNY 7,538,222,570.02, a decrease of approximately 2.39%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 98,862[6]. - The company’s major shareholder, Tang Zhuolin, holds 22.21% of the shares, with a total of 270,737,568 shares[6]. - The company repurchased 21,330,432 shares, accounting for 1.75% of the total share capital[8]. - An employee stock ownership plan was proposed, involving 53 employees, with a maximum of 21.33 million shares to be purchased at ¥2.64 per share[9]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥180,553,840.88, a decrease of 35.58% compared to the same period last year[5]. - The net cash flow from operating activities for Q3 2024 was ¥180,553,840.88, a decrease of 35.6% compared to ¥280,283,974.12 in Q3 2023[17]. - The total cash inflow from investment activities was ¥1,230,024,051.16, down 47.8% from ¥2,352,564,665.44 in the same period last year[17]. - The net cash flow from investment activities was -¥283,193,122.66, compared to -¥135,972,237.59 in Q3 2023, indicating a worsening investment cash flow situation[17]. - The cash inflow from financing activities totaled ¥364,309,749.56, a decline of 52.7% from ¥768,755,964.63 in Q3 2023[17]. - The net cash flow from financing activities was -¥84,745,986.04, contrasting with a positive cash flow of ¥293,884,410.84 in the same quarter last year[17]. - The total cash and cash equivalents at the end of Q3 2024 were ¥1,469,497,909.89, down from ¥1,683,304,018.24 at the end of Q3 2023[17]. - The company reported a total cash outflow from operating activities of ¥3,167,106,167.35, slightly down from ¥3,211,575,554.57 in Q3 2023[17]. - The cash paid for investment activities was ¥1,388,992,934.97, a decrease of 37.4% compared to ¥2,216,047,316.84 in Q3 2023[17]. - The cash paid for employee compensation increased to ¥639,392,033.33 from ¥486,695,698.59, reflecting a rise of 31.2% year-over-year[17]. Expenses - The company reported a significant decrease in financial expenses, down 79.61% year-on-year, primarily due to increased interest income[5]. - The company experienced a 138.32% decrease in investment income compared to the previous year, mainly due to reduced gains from the disposal of financial assets[5]. - Research and development expenses decreased to CNY 76.28 million from CNY 91.63 million, reflecting a reduction of 16.7%[14]. - Sales expenses were CNY 187.79 million, slightly down from CNY 189.52 million, indicating a decrease of 0.9%[14]. Other Information - The company decided to terminate the plan for the spin-off of its subsidiary, Suzhou Baisheng Power Machinery Co., Ltd., due to significant changes in the market environment[9]. - The company did not report any audited financial results for Q3 2024[18].