AVICHM(600765)2024-10-28 09:43Financial Performance - The company's operating revenue for Q3 2024 was ¥2,052,420,890.10, a decrease of 16.69% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥290,093,334.40, an increase of 15.97% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥270,242,129.46, reflecting a year-on-year increase of 10.37%[2]. - For the first three quarters of 2024, the company achieved an operating revenue of ¥7,524,451,837.51, down 5.56% year-on-year[4]. - The net profit attributable to shareholders for the first three quarters was ¥1,012,842,937.58, which is approximately flat compared to the previous year, but increased by 4.77% after excluding the impact of the Hongshan company consolidation[4]. - The company reported a basic earnings per share of ¥0.19 for Q3 2024, an increase of 11.76% year-on-year[3]. - Total operating revenue for the first nine months of 2024 was CNY 7,524,451,837.51, a decrease of 5.58% compared to CNY 7,967,849,138.36 in the same period of 2023[17]. - Operating profit for the first nine months of 2024 was CNY 1,224,633,507.80, compared to CNY 1,278,540,038.97 in the same period of 2023, indicating a decline of 4.23%[17]. - Net profit attributable to shareholders for the first nine months of 2024 increased to CNY 5,908,771,110.12, up from CNY 5,294,368,271.26 in the previous year, representing an increase of 11.59%[15]. - Net profit for Q3 2024 was CNY 1,066,184,628.42, a slight decrease from CNY 1,085,115,496.14 in Q3 2023, representing a decline of approximately 1.1%[18]. - Earnings per share (EPS) for Q3 2024 was CNY 0.68, down from CNY 0.70 in the same period last year, indicating a decrease of about 2.9%[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥27,072,334,127.69, representing a 6.46% increase from the end of the previous year[3]. - Total assets as of the end of Q3 2024 reached CNY 27,072,334,127.69, an increase of 6.45% from CNY 25,429,355,533.72 at the end of Q3 2023[15]. - Total liabilities amounted to CNY 13,972,316,188.60, up from CNY 13,174,266,514.03, reflecting an increase of 6.05%[15]. - Long-term borrowings increased significantly to CNY 2,593,457,420.13, compared to CNY 1,919,839,999.99 in the previous year, marking an increase of 35.05%[15]. - The total equity attributable to shareholders increased to CNY 12,315,329,127.38, up from CNY 11,488,100,575.59, reflecting an increase of 7.23%[15]. Cash Flow - The company’s cash flow from operating activities for the year-to-date was negative at ¥-520,292,825.91[2]. - Cash flow from operating activities for the first three quarters of 2024 was CNY -520,292,825.91, compared to CNY -459,205,833.99 in the same period of 2023, reflecting a worsening cash flow situation[20]. - Cash flow from investing activities for the first three quarters of 2024 was CNY -879,996,218.18, slightly improved from CNY -896,339,597.40 in the same period of 2023[21]. - The company’s financing activities generated a net cash flow of CNY 226,962,294.21 in Q3 2024, a significant improvement compared to a net outflow of CNY -216,989,265.93 in Q3 2023[21]. - The company’s total cash inflow from financing activities for the first three quarters of 2024 was CNY 1,527,071,127.96, down from CNY 2,312,423,990.55 in the same period of 2023[21]. Current Assets - As of September 30, 2024, the company's total current assets amounted to approximately CNY 19.24 billion, an increase from CNY 17.84 billion at the end of 2023, representing a growth of about 7.8%[13]. - The company's cash and cash equivalents decreased to approximately CNY 4.00 billion from CNY 5.19 billion, reflecting a decline of about 23%[13]. - Accounts receivable increased significantly to approximately CNY 8.79 billion, up from CNY 5.65 billion, indicating a growth of approximately 55%[13]. - Inventory levels rose to approximately CNY 4.58 billion, compared to CNY 3.72 billion, marking an increase of about 23%[13]. - The company's long-term equity investments slightly increased to approximately CNY 893.78 million from CNY 892.47 million, showing a marginal growth of about 0.15%[13]. Shareholder Information - The top ten shareholders include state-owned entities, with the largest shareholder holding approximately 430.51 million shares, representing a significant portion of the total shares[9]. - The company reported no changes in the participation of major shareholders in margin trading and securities lending activities during the reporting period[10]. Research and Development - Research and development expenses for the first nine months of 2024 were CNY 353,414,858.70, down from CNY 545,693,729.53 in the same period of 2023, a decrease of 35.24%[17]. Other Information - The company has not disclosed any new products or technologies in the current earnings report[12]. - There are no significant mergers or acquisitions reported in the current quarter[12]. - The company has not provided specific future guidance or outlook in the earnings report[12]. - The company reported a decrease in contract liabilities to CNY 185,087,899.75 from CNY 713,326,870.13, a reduction of 74.00%[15]. - The company reported a total comprehensive income of CNY 1,066,251,144.66 for Q3 2024, compared to CNY 1,084,176,298.26 in Q3 2023, indicating a decline of approximately 1.7%[18]. - The company received CNY 30,498,875.72 in tax refunds during the first three quarters of 2024, an increase from CNY 22,405,159.39 in the same period of 2023[20].