XCC(SH:603667)2024-10-28 09:56Financial Performance - The company's operating revenue for Q3 2024 was ¥720,908,445.89, a decrease of 7.88% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥23,177,603.00, down 41.62% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,653,043.24, a decline of 61.30% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.07, representing a decrease of 36.36% year-on-year[4]. - The diluted earnings per share for Q3 2024 was also ¥0.07, reflecting a 36.36% decline compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 2,472,924,038.44, a decrease of 1.76% compared to CNY 2,517,110,578.67 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 101,374,385.10, a decline of 20.5% from CNY 127,547,957.67 in the same period of 2023[19]. - Earnings per share for the first three quarters of 2024 was CNY 0.27, compared to CNY 0.37 in the same period of 2023, indicating a decrease of 27%[20]. - The company reported a total comprehensive income of CNY 104,223,895.92 for the first three quarters of 2024, down from CNY 125,381,499.42 in 2023, a decrease of 16.9%[20]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥135,885,582.01, a decrease of 21.52%[4]. - In the first three quarters of 2024, the cash inflow from operating activities totaled CNY 2,640,926,314.84, slightly up from CNY 2,629,195,730.78 in the same period of 2023, reflecting a growth of approximately 0.1%[21]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 135,885,582.01, down from CNY 173,139,204.67 in 2023, indicating a decrease of about 21.5%[22]. - The total cash outflow from investing activities in the first three quarters of 2024 was CNY 350,093,877.27, compared to CNY 291,112,706.30 in 2023, representing an increase of approximately 20.2%[22]. - The cash inflow from investment activities in the first three quarters of 2024 was CNY 5,084,620.27, significantly lower than CNY 88,719,104.80 in 2023, indicating a decrease of about 94.3%[22]. - The company received CNY 910,697,288.33 in cash from borrowings in the first three quarters of 2024, compared to CNY 942,008,603.09 in 2023, indicating a decrease of about 3.3%[22]. - The cash outflow for employee compensation in the first three quarters of 2024 was CNY 363,270,812.46, up from CNY 338,079,314.98 in 2023, representing an increase of approximately 7.4%[22]. - The company paid CNY 121,776,469.39 in dividends and interest in the first three quarters of 2024, down from CNY 141,762,648.67 in 2023, reflecting a decrease of approximately 14.1%[22]. - The cash flow from other financing activities increased to CNY 310,436,340.04 in 2024 from CNY 136,392,875.77 in 2023, showing a significant increase of about 127.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,103,429,353.65, an increase of 8.25% from the end of the previous year[4]. - The equity attributable to shareholders at the end of the reporting period was ¥2,935,910,291.18, up 1.22% year-on-year[4]. - The company's current assets totaled approximately RMB 2.70 billion, up from RMB 2.55 billion at the end of 2023, indicating an increase of around 5.67%[12]. - Total current liabilities amounted to approximately RMB 1.89 billion, up from RMB 1.45 billion, indicating an increase of around 30.25%[13]. - Total liabilities as of the end of the third quarter of 2024 were CNY 2,092,222,172.85, an increase of 20.2% from CNY 1,740,266,935.29 at the end of the third quarter of 2023[17]. - The company's goodwill increased to approximately RMB 413.18 million from RMB 370.74 million, representing a growth of about 11.43%[13]. - Non-current assets totaled approximately RMB 2.41 billion, an increase from RMB 2.16 billion, reflecting a growth of about 11.06%[13]. - The company reported a significant increase in accounts payable, which rose to approximately RMB 556.68 million from RMB 409.51 million, marking an increase of about 35.93%[13]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 2,374,696,610.91, down from CNY 2,391,292,032.11 in 2023, reflecting a reduction of 0.69%[17]. - Research and development expenses increased to CNY 88,990,797.00 in the first three quarters of 2024, up from CNY 73,547,049.09 in 2023, representing a growth of 20.9%[17]. - The financial expenses for the first three quarters of 2024 were CNY 15,272,494.55, a decrease from CNY 18,653,206.96 in the same period of 2023, indicating a reduction of 18.5%[17]. - The deferred income tax liabilities stood at CNY 25,209,073.58, slightly down from CNY 25,751,298.29 in the previous year, showing a decrease of 2.1%[17]. Other Financial Metrics - The company reported a significant increase in accounts payable by 35.94% due to the acquisition of WJB Holdings[7]. - The company experienced a 32.73% increase in selling expenses attributed to the same acquisition[7]. - Cash and cash equivalents decreased to approximately RMB 670.87 million from RMB 751.44 million, representing a decline of about 10.70%[12]. - Accounts receivable rose to approximately RMB 865.30 million, compared to RMB 730.42 million, marking an increase of about 18.41%[12]. - Inventory increased to approximately RMB 876.10 million from RMB 791.81 million, showing a growth of about 10.65%[12]. - Short-term borrowings increased significantly to approximately RMB 778.26 million from RMB 604.40 million, reflecting a rise of about 28.73%[13].