Lion(SH:605358)2024-10-28 07:45Financial Performance - The company's operating revenue for Q3 2024 reached RMB 81,768.56 million, representing a year-on-year increase of 21.94%[2] - The net profit attributable to shareholders for the same period was RMB 1,251.44 million, showing a growth of 6.63% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 558.59 million, which is a decrease of 47.75% year-on-year[2] - The company's net profit attributable to shareholders for the year-to-date period is -129.31 million RMB, reflecting a significant decline due to the semiconductor industry's downturn and increased fixed costs from expansion projects[8] - The net profit excluding non-recurring gains and losses for the current period is -47.75 million RMB, with a year-to-date figure of -159.30 million RMB, indicating a substantial drop in key financial metrics[9] - The net profit for the first three quarters of 2024 was a loss of CNY 128,914,011.21, compared to a profit of CNY 136,920,702.24 in the same period of 2023[21] - The company's operating profit for the first three quarters of 2024 was a loss of CNY 206,886,267.94, contrasting with a profit of CNY 111,858,753.74 in 2023[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 1,932,741.72 million, reflecting a 5.75% increase from the end of the previous year[4] - The total liabilities increased to CNY 10,113,052,670.42 in Q3 2024, compared to CNY 8,730,258,528.55 in Q3 2023, reflecting a growth of 15.77%[19] - The total equity attributable to shareholders decreased by 3.24% year-on-year, amounting to RMB 771,367.70 million[4] - The total equity attributable to shareholders of the parent company decreased to CNY 7,713,677,018.13 from CNY 7,972,352,994.93, a decline of 3.25%[19] Cash Flow - The company reported a net cash flow from operating activities of RMB 64,134.69 million for the year-to-date, which is a 15.18% increase[4] - In the first three quarters of 2024, the company generated cash inflows from operating activities totaling ¥2,414,380,364.59, an increase of 13.7% compared to ¥2,124,270,679.29 in the same period of 2023[23] - The net cash flow from operating activities for the first three quarters of 2024 was ¥641,346,855.79, up from ¥556,838,650.35 in 2023, reflecting a growth of 15.2%[24] - The company reported cash outflows from investment activities of ¥2,534,327,794.90, significantly higher than ¥1,599,625,363.96 in the previous year, indicating an increase of 58.3%[24] - The net cash flow from investment activities was negative at ¥1,752,557,242.91, compared to a negative cash flow of ¥1,199,293,376.99 in 2023[24] - Cash inflows from financing activities amounted to ¥1,815,062,659.81, a substantial increase from ¥607,538,611.11 in the same period last year[24] - The net cash flow from financing activities was positive at ¥826,819,109.81, contrasting with a negative cash flow of ¥604,311,147.56 in 2023[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,905[10] - The largest shareholder, Wang Minwen, holds 17.55% of the shares, with 117,831,266 shares, and has pledged 55,000 shares[10] Operational Metrics - The company achieved a significant increase in sales volume, with 6-inch equivalent silicon wafer sales reaching 10.97 million pieces, a year-on-year growth of 53.73%[14] - The sales volume of 12-inch silicon wafers was 753,000 pieces, equivalent to 3.01 million pieces of 6-inch wafers, marking a year-on-year increase of 128.11%[14] - The sales volume of compound semiconductor RF chips reached 27,200 pieces, a year-on-year increase of 199.86%[14] Cost and Expenses - Operating costs increased by 478.30 million RMB compared to the same period last year, primarily due to a significant rise in product sales volume and fixed costs associated with expansion projects[8] - The company reported a significant increase in financial expenses, totaling CNY 169,255,354.50 in 2024, compared to CNY 138,347,622.05 in 2023[20] - Research and development expenses for the first three quarters of 2024 amounted to CNY 203,992,519.05, slightly down from CNY 206,299,143.04 in 2023[20] Other Financial Metrics - The overall gross margin decreased by 13.67 percentage points, primarily due to increased depreciation costs and a decline in sales prices for silicon and power chip products[14] - The company's cash and cash equivalents decreased to approximately 2.36 billion yuan from 2.67 billion yuan at the end of 2023[16] - The company's inventory increased to approximately 1.45 billion yuan, up from 1.32 billion yuan at the end of 2023[18] - The company experienced a decrease in investment income of 58.85 million RMB compared to the same period last year, largely due to increased losses from joint ventures[8] - Deferred tax assets increased by 107.71 million RMB, mainly due to increased temporary differences from losses in certain subsidiaries[8] - The company reported a significant increase in other current assets by 74.21 million RMB, primarily due to a substantial rise in deductible input tax[8] - The company experienced a decrease in tax payments, totaling ¥84,921,467.51 in 2024 compared to ¥129,285,965.50 in 2023, a reduction of 34.3%[24] - The total cash inflow from other operating activities was ¥210,682,707.93, an increase from ¥150,183,766.00 in the previous year, representing a growth of 40.3%[23] - The company reported a negative impact of ¥8,669,903.58 from exchange rate fluctuations on cash and cash equivalents[25]