HENGFENG PAPER(SH:600356)2024-10-29 07:33Financial Performance - The company's operating revenue for Q3 2024 reached ¥718,314,523.73, representing an increase of 8.47% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥53,878,889.84, a significant increase of 60.62% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,022,289.39, up by 66.10% compared to the same period last year[2] - Basic earnings per share for Q3 2024 were ¥0.18, a rise of 50.00% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 reached CNY 1,918,275,441.31, an increase of 4.9% compared to CNY 1,829,200,260.12 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was CNY 117,844,354.08, representing a significant increase of 25.7% from CNY 93,751,319.20 in the same period of 2023[17] - The company's operating profit for the first three quarters of 2024 was CNY 132,862,709.01, compared to CNY 110,350,270.71 in 2023, marking an increase of 20.4%[17] - The total comprehensive income for the first three quarters of 2024 was CNY 117,844,354.08, compared to CNY 93,751,319.20 in 2023, showing an increase of 25.7%[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥3,476,885,981.91, reflecting a growth of 9.78% from the end of the previous year[4] - As of September 30, 2024, the total assets of Mudanjiang Hengfeng Paper Co., Ltd. reached RMB 3,476,885,981.91, an increase from RMB 3,167,036,857.51 at the end of 2023, reflecting a growth of approximately 9.76%[12] - The company's current assets totaled RMB 2,067,412,280.89, up from RMB 1,861,810,614.47, indicating an increase of about 11.04%[12] - Total liabilities increased to RMB 841,483,591.35 from RMB 593,723,366.57, reflecting a significant rise of approximately 41.73%[14] - The company's equity attributable to shareholders increased to RMB 2,567,427,746.90 from RMB 2,498,258,694.14, which is an increase of about 2.77%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥246,602,597.69, showing a substantial increase of 169.46% year-on-year[4] - Cash flow from operating activities for the first three quarters of 2024 was CNY 246,602,597.69, a substantial increase compared to CNY 91,516,192.40 in the same period of 2023[19] - The net cash flow from investing activities was -196,461,011.20, compared to -37,262,029.63 in the previous period[20] - The total cash inflow from financing activities was 412,197,086.31, an increase from 295,562,065.75 in the prior period[20] - The net cash flow from financing activities improved to 35,112,966.73, compared to a negative flow of -6,796,125.96 previously[20] - The cash and cash equivalents at the end of the period increased to 445,892,959.72 from 356,052,753.93[20] - The net increase in cash and cash equivalents was 85,254,553.22, up from 47,458,036.81 in the previous period[20] Costs and Expenses - Total operating costs for the first three quarters of 2024 were CNY 1,795,677,982.93, up from CNY 1,736,598,297.31 in 2023, reflecting a year-on-year increase of 3.4%[15] - Research and development expenses for the first three quarters of 2024 amounted to CNY 60,715,510.26, up from CNY 57,623,508.62 in 2023, indicating a growth of 3.6%[17] - The company reported a decrease in financial expenses, with interest expenses at CNY 11,131,502.56 for 2024 compared to CNY 10,555,912.71 in 2023, indicating a rise of 5.4%[17] Government Support - The company received government subsidies amounting to ¥4,803,053.31 during the reporting period, contributing to its financial performance[5] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[21]