YUANLI(SH:603217)2024-10-29 07:37Financial Performance - Operating revenue for Q3 2024 was CNY 582,010,576.39, a decrease of 1.64% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 49,679,923.75, down 12.99% year-on-year[2] - Net profit excluding non-recurring gains and losses for Q3 2024 was CNY 49,922,527.19, a decrease of 0.97% compared to the same period last year[2] - Basic earnings per share for Q3 2024 was CNY 0.246, down 10.22% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached ¥1,717,242,205.05, an increase from ¥1,682,732,395.81 in the same period of 2023, representing a growth of approximately 2.06%[14] - Net profit for the third quarter of 2024 was ¥156,982,164.95, down from ¥183,719,177.21 in the same quarter of 2023, reflecting a decrease of approximately 14.5%[16] - Earnings per share for the third quarter of 2024 were ¥0.761, compared to ¥0.882 in the same quarter of 2023, showing a decline of about 13.7%[16] - The net profit for the first three quarters of 2024 was ¥2,403,523.47, a significant decrease from ¥9,914,289.00 in the same period of 2023, reflecting a decline of about 75.8%[22] Cash Flow - Cash flow from operating activities for the year-to-date was CNY -187,627,343.75, a decline of 263.31%[3] - The net cash flow from operating activities for the first three quarters of 2024 is -187,627,343.75 RMB, a decrease from 114,889,508.45 RMB in the same period of 2023[17] - Total cash inflow from operating activities decreased to 1,188,764,199.00 RMB compared to 1,224,453,186.92 RMB in the previous year[17] - Cash outflow for purchasing goods and services increased significantly to 1,194,891,799.02 RMB from 878,390,426.83 RMB in the previous year[17] - The company reported a significant increase in cash received from financing activities to 185,286,015.79 RMB compared to -5,158,110.00 RMB in the same period last year[18] - The cash flow from financing activities showed a net outflow of -122,498,039.75, compared to -104,278,610.00 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,979,707,332.32, an increase of 6.62% from the end of the previous year[3] - Total current assets increased to approximately RMB 2.41 billion from RMB 2.27 billion year-over-year[11] - Total assets reached approximately RMB 3.98 billion, compared to RMB 3.73 billion at the end of 2023, showing growth in asset base[12] - Current liabilities increased to approximately RMB 718.38 million from RMB 521.09 million, reflecting a rise in short-term obligations[12] - Total liabilities as of the end of the third quarter of 2024 amounted to ¥752,058,676.01, an increase from ¥555,178,785.59 at the end of the same period in 2023, representing a growth of approximately 35.5%[15] - The company's total assets reached ¥3,214,607,153.66 in Q3 2024, up from ¥3,002,051,639.75 in Q3 2023, marking an increase of about 7.1%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,506[8] - The largest shareholder, Liu Xiuhua, holds 120,063,602 shares, representing 57.67% of total shares[9] - The company has no significant changes in the top ten shareholders' participation in margin trading and securities lending[9] Operational Insights - The company has not disclosed any new strategies or significant changes in operations during the reporting period[10] - There are no applicable reminders for investors regarding the company's operational status during the reporting period[10] Expenses - Total operating costs for the first three quarters of 2024 were ¥1,558,733,345.68, compared to ¥1,499,814,984.52 in 2023, indicating an increase of about 3.93%[15] - Research and development expenses for the first three quarters of 2024 were ¥73,168,490.95, compared to ¥69,374,341.17 in 2023, marking an increase of approximately 5.1%[15] - The company reported a decrease in tax and additional charges from ¥11,252,715.33 in 2023 to ¥9,952,721.71 in 2024, a reduction of about 11.5%[15] - The company's sales expenses decreased to ¥7,815,072.96 in the first three quarters of 2024 from ¥8,604,106.43 in the same period of 2023, reflecting a reduction of about 9.2%[21] Investment Activities - The company’s investment income for the year-to-date decreased by 63.70% due to a reduction in bank wealth management product investments[7] - The net cash flow from investment activities was -22,681,516.65, compared to 210,515,459.29 in the previous year[25] - Cash inflow from investment activities totaled 54,957,833.18, while cash outflow was 77,639,349.83, resulting in a net outflow[25] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 1.56%, a decrease of 0.31 percentage points year-on-year[3] - The company reported a significant increase in cash and cash equivalents, up 113.46% at the end of the reporting period[6] - Cash and cash equivalents at the end of the period increased to 1,328,013,481.38 RMB from 1,043,566,740.25 RMB in the previous year[18] - The company did not apply new accounting standards or interpretations starting from 2024[26]