HTC(200771)2024-10-28 12:48Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,651,736,130.81, representing a year-on-year increase of 29.88%[2] - The net profit attributable to shareholders was a loss of ¥1,884,498.53, a decline of 101.51% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥15,328,054.23, down 116.35% year-on-year[2] - The basic earnings per share for the reporting period was ¥0.00, a decrease of 100.00% compared to the same period last year[2] - Net profit decreased by 42.11% to CNY 171,784,676.99, attributed to changes in product sales structure leading to reduced gross profit[6] - Operating profit decreased by 40.52% to CNY 178,200,197.42, reflecting a decline in gross profit from changes in product sales[6] - Net profit attributable to shareholders of the parent company was CNY 189,615,065.32, a decline of 30.8% from CNY 274,158,181.04 in the previous year[12] - Comprehensive income totalled CNY 1,116,958,830.66, compared to a loss of CNY 146,955,473.82 in the same quarter last year[12] - Basic and diluted earnings per share were both CNY 0.16, compared to CNY 0.24 in the same quarter last year[12] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,087,890,090.42, an increase of 7.28% from the end of the previous year[2] - The total equity attributable to shareholders at the end of the reporting period was ¥8,454,896,979.22, an increase of 7.03% from the previous year[2] - The total assets of Hangzhou Steam Turbine Power Group Co., Ltd. increased to CNY 17,087,890,090.42 as of September 30, 2024, up from CNY 15,927,680,116.23 at the beginning of the year, representing a growth of approximately 7.3%[9] - Current assets decreased to CNY 10,132,200,468.91 from CNY 10,294,846,921.79, reflecting a decline of about 1.6%[10] - Total liabilities increased to CNY 8,093,474,856.09, up 9.5% from CNY 7,387,563,183.64 year-over-year[11] - Long-term borrowings increased by 109.74% to CNY 467,348,991.11, reflecting an increase in long-term bank loans maturing beyond one year[5] - Total liabilities decreased by 31.62% for short-term borrowings to CNY 344,930,512.40, indicating a reduction in short-term bank loans[5] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥360,487,848.58, a decline of 155.27% year-on-year[2] - The net cash flow from operating activities for the period was -360,487,848.58 CNY, a decrease from 652,190,382.77 CNY in the previous period[13] - Cash inflow from operating activities totaled 3,719,710,508.29 CNY, down from 4,297,423,342.88 CNY year-over-year[13] - Cash outflow from operating activities increased to 4,080,198,356.87 CNY, compared to 3,645,232,960.11 CNY in the prior period[13] - The net cash flow from investing activities was 81,616,458.12 CNY, a recovery from -15,199,662.79 CNY in the previous year[13] - The net cash flow from financing activities was -519,190,197.83 CNY, compared to -164,553,923.15 CNY in the previous period[14] Inventory and Other Assets - Inventory increased by 29.52% to CNY 3,146,713,453.73, primarily due to an increase in stock of gas turbines and steam turbines[5] - Other current assets increased by 893.54% to CNY 55,863,025.52, mainly due to an increase in deductible input tax and prepaid corporate income tax[5] - The company reported a significant increase in other receivables, which rose to CNY 53,865,146.04 from CNY 43,018,211.13, an increase of about 25.5%[10] Research and Development - Research and development expenses decreased by 40.46% to CNY 121,147,920.80, due to a reduction in R&D investment and a reversal of previously capitalized R&D costs[6] - Research and development expenses were CNY 121,147,920.80, down 40.4% from CNY 203,457,276.46 in the previous year[12] Shareholder Information - The number of common shareholders at the end of the reporting period was 10,841, with the largest shareholder holding 58.70% of the shares[7]