JHEC(SH:600273)2024-10-28 08:35Financial Performance - The company's operating revenue for Q3 2024 was ¥2,449,154,344.01, representing a year-on-year increase of 15.70%[2] - The net profit attributable to shareholders for the same period was ¥261,095,688.83, showing a decrease of 8.56% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥217,351,929.70, down 24.83% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.1891, a decrease of 7.98% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 7,071,466,767.60, an increase of 6.9% compared to CNY 6,616,108,669.86 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was CNY 789,485,213.96, down from CNY 912,188,840.38 in the previous year, representing a decrease of 13.5%[16] - The net profit attributable to the parent company's shareholders for Q3 2024 was approximately ¥790.66 million, a decrease from ¥911.55 million in Q3 2023, representing a decline of about 13.2%[19] - The total comprehensive income attributable to the parent company's owners for Q3 2024 was approximately ¥743.26 million, down from ¥918.39 million in Q3 2023, indicating a decrease of approximately 19.1%[19] - Basic and diluted earnings per share for Q3 2024 were both ¥0.5726, compared to ¥0.6556 in Q3 2023, reflecting a decrease of about 12.7%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥12,804,511,695.47, an increase of 8.80% from the end of the previous year[3] - Total assets increased to CNY 12,804,511,695.47, up from CNY 11,768,492,672.69, reflecting a growth of 8.8%[14] - Total liabilities rose to CNY 2,822,689,470.45, compared to CNY 1,850,649,749.18, marking an increase of 52.5%[14] - Current liabilities totaled CNY 2,474,579,646.76, an increase of 44.4% from CNY 1,714,509,085.83[14] - Long-term borrowings increased significantly to CNY 235,333,000.00 from CNY 26,352,500.00, indicating a growth of 791.5%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥935,905,520.69, reflecting a significant increase of 364.94%[5] - Cash flow from operating activities for the first nine months of 2024 was approximately ¥935.91 million, significantly up from ¥201.29 million in the same period of 2023, marking an increase of about 365.5%[22] - Cash inflow from operating activities totaled approximately ¥5.82 billion in the first nine months of 2024, compared to ¥5.59 billion in the same period of 2023, showing an increase of about 4.1%[20] - Cash outflow from operating activities decreased to approximately ¥4.88 billion in the first nine months of 2024 from ¥5.39 billion in the same period of 2023, a reduction of about 10.5%[22] - The net cash flow from investing activities for Q3 2024 was approximately -¥369.81 million, an improvement from -¥450.98 million in Q3 2023[22] - Cash flow from financing activities for Q3 2024 showed a net outflow of approximately -¥767.43 million, compared to -¥883.60 million in Q3 2023, indicating a decrease of about 13.2%[22] - The ending cash and cash equivalents balance for Q3 2024 was approximately ¥650.37 million, slightly down from ¥668.84 million at the end of Q3 2023[22] Shareholder Information - The company reported a total of 45,620 common shareholders at the end of the reporting period[6] - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., held 37.06% of the shares[6] Non-Recurring Items and Impairments - Non-recurring gains and losses for the period totaled ¥43,743,759.13, down from ¥52,879,289.84 in the previous year[4] - A total of RMB 56.70 million was recognized as impairment losses for certain assets of its subsidiary, Zhejiang Jiahua New Materials Co., Ltd.[11] Inventory and Receivables - Accounts receivable increased to RMB 817.44 million from RMB 774.68 million in the previous period, indicating a growth of approximately 5.5%[11] - Inventory decreased to RMB 630.88 million from RMB 785.97 million, reflecting a reduction of about 19.7%[11] Corporate Actions - The company has initiated a share repurchase plan with a budget of RMB 100 million to RMB 200 million, having repurchased 13.36 million shares for a total of RMB 97.22 million[10] - The company plans to merge with its wholly-owned subsidiary, Zhejiang Jiafu New Materials Technology Co., Ltd., to streamline its management structure[11] - The company reported a decrease in other current assets from RMB 53.22 million to RMB 74.82 million, indicating a significant increase of approximately 40.5%[11] - The total guarantee balance for the company and its subsidiaries was RMB 38.88 million and USD 4.36 million, with no overdue guarantees reported[11] - The company has signed a loan agreement with CITIC Bank for RMB 100 million specifically for stock repurchase purposes[10] Operating Costs - The company reported operating costs of CNY 6,266,709,400.67, which is a rise of 10.6% from CNY 5,667,910,542.65 in the previous year[15] Fixed Assets - The company’s fixed assets decreased to CNY 5,892,060,855.42 from CNY 6,338,789,177.52, a decline of 7.0%[13] - The company’s cash and cash equivalents decreased to CNY 3,502,924,291.19 from CNY 3,512,032,158.71, a slight decrease of 0.3%[13] - The company’s total equity attributable to shareholders increased to CNY 9,951,449,531.64 from CNY 9,886,123,704.73, reflecting a growth of 0.7%[14]