YDC(SH:605555)2024-10-28 07:55Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,124,465,678.50, representing a year-on-year increase of 42.99%[2] - The net profit attributable to shareholders for Q3 2024 was ¥94,439,411.38, with a slight increase of 2.78% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥91,134,331.76, reflecting a year-on-year growth of 0.24%[2] - Total operating revenue for the first three quarters of 2024 reached ¥2,986,808,837.66, a 40.5% increase from ¥2,128,461,093.81 in the same period of 2023[13] - Net profit attributable to shareholders for the first three quarters of 2024 was ¥301,567,266.86, compared to ¥263,380,338.34 in 2023, marking a 14.5% increase[15] - Total comprehensive income for the third quarter of 2024 reached ¥292,082,132.48, an increase from ¥273,773,694.19 in the same period of 2023[16] - Basic and diluted earnings per share for Q3 2024 were both ¥0.81, up from ¥0.71 in Q3 2023, representing a growth of approximately 14.08%[16] Assets and Liabilities - The total assets as of the end of Q3 2024 amounted to ¥4,884,819,552.59, an increase of 14.32% from the end of the previous year[3] - Total assets as of the end of the third quarter of 2024 amounted to ¥4,884,819,552.59, up from ¥4,272,760,377.44 at the end of the same period in 2023[12] - Total liabilities increased to ¥1,991,352,761.98 from ¥1,541,049,439.31, indicating a rise in financial obligations[12] - Non-current assets totaled ¥1,638,840,088.25, compared to ¥1,288,998,954.60 in the previous year, showing growth in long-term investments[12] Cash Flow - The company reported a cash flow from operating activities of ¥262,716,738.41 for the year-to-date, which is a decline of 19.39% year-on-year[2] - Cash inflow from operating activities for the first three quarters of 2024 was ¥3,047,651,646.70, compared to ¥1,988,980,924.36 in the same period of 2023, indicating a significant increase of 53.23%[17] - Cash outflow from operating activities totaled ¥2,784,934,908.29 for the first three quarters of 2024, up from ¥1,663,054,376.85 in 2023, reflecting a rise of 67.47%[17] - Net cash flow from operating activities for the first three quarters of 2024 was ¥262,716,738.41, down from ¥325,926,547.51 in 2023, a decrease of 19.36%[17] - Cash inflow from investment activities was ¥2,245,641,236.82 for the first three quarters of 2024, compared to ¥141,761,777.94 in 2023, marking a substantial increase[18] - Cash outflow from investment activities reached ¥2,436,421,550.87 in the first three quarters of 2024, up from ¥379,329,203.74 in 2023, indicating a rise of 542.73%[18] - Net cash flow from investment activities was -¥190,780,314.05 for the first three quarters of 2024, an improvement from -¥237,567,425.80 in 2023[18] - Cash inflow from financing activities was ¥654,375,000.00 in the first three quarters of 2024, compared to ¥300,000,000.00 in 2023, showing an increase of 118.125%[18] - The ending balance of cash and cash equivalents as of the end of Q3 2024 was ¥1,082,039,413.97, a slight decrease from ¥1,648,204,865.73 at the end of Q3 2023[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,803, with the top ten shareholders holding a combined 86.35% of shares[7] - The top shareholder, Huang Yuchang, holds 24.36% of the shares, indicating a strong concentration of ownership[7] - The company has not reported any significant changes in shareholder relationships or actions regarding share lending during the reporting period[8] Operational Insights - The increase in operating revenue is primarily driven by the gradual ramp-up of new projects contributing significantly to revenue growth[6] - The company is focusing on new project development and market expansion strategies to enhance revenue growth[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] Research and Development - Research and development expenses for the first three quarters of 2024 were ¥97,509,358.84, compared to ¥70,495,105.96 in the same period of 2023, reflecting a 38.3% increase in R&D investment[13] Inventory and Receivables - Accounts receivable increased to RMB 1,227.26 million, up from RMB 904.28 million at the end of 2023, indicating a growth of approximately 36%[10] - Inventory levels rose to RMB 519.33 million, compared to RMB 375.74 million at the end of 2023, reflecting a 38% increase[10] - The company reported a significant decrease in trading financial assets, which fell to RMB 70.59 million from RMB 320.52 million[10] - The total current assets amounted to RMB 3,245.98 million, an increase from RMB 2,983.76 million at the end of 2023[10]