TEC(600780)2024-10-29 08:15Financial Performance - Total operating revenue for Q3 2024 was CNY 2,598,606,385.43, a decrease of 0.34% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 132,756,029.85, down 7.28% year-on-year[2] - Basic earnings per share for the period was CNY 0.1158, reflecting a decrease of 7.29% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 7,861,816,037.43, a decrease of 2.85% compared to CNY 8,092,681,468.33 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 383,443,858.51, a decline of 28.86% from CNY 538,410,415.54 in the same period of 2023[14] - Earnings per share for the first three quarters of 2024 was CNY 0.3353, compared to CNY 0.4704 in 2023, indicating a decrease of 28.66%[15] Assets and Liabilities - Total assets at the end of the period amounted to CNY 10,305,440,684.32, an increase of 1.20% from the end of the previous year[3] - The equity attributable to shareholders was CNY 7,557,712,884.65, up 2.84% compared to the end of the previous year[3] - Total liabilities as of the end of the third quarter of 2024 were CNY 2,783,708,056.33, a decrease from CNY 2,869,694,645.15 at the end of 2023[14] - Total current liabilities decreased to RMB 2.13 billion from RMB 2.22 billion, showing a decline of approximately 4.0%[11] - The total liabilities decreased slightly to RMB 2.13 billion, down from RMB 2.22 billion, indicating a reduction of about 4.0%[11] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 980,698,159.24, an increase of 14.80% year-on-year[2] - The net cash flow from operating activities for Q3 2024 was ¥980,698,159.24, an increase from ¥854,277,577.89 in Q3 2023, representing a growth of approximately 14.8%[17] - Total cash inflow from operating activities was ¥9,262,245,818.37, while cash outflow was ¥8,281,547,659.13, resulting in a net increase of ¥980,698,159.24[17] - Cash paid for operating activities was ¥8,281,547,659.13, down from ¥8,821,850,417.52 in Q3 2023, indicating a reduction in operational cash outflows[17] - Cash paid for financing activities decreased to ¥333,026,112.42 from ¥514,741,626.66 in the previous year, suggesting improved cash management in financing[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,470[6] - The largest shareholder, Shanxi International Power Group Co., Ltd., holds 57.33% of the shares[6] Investment and Expenses - Research and development expenses increased to CNY 1,783,348.31 in 2024 from CNY 660,347.00 in 2023, representing a significant increase of 169.99%[14] - Financial expenses decreased to CNY 1,522,601.53 in 2024 from CNY 12,818,985.72 in 2023, a reduction of 88.12%[14] - Investment income for the first three quarters of 2024 was CNY 166,577,103.74, down from CNY 204,361,321.49 in 2023, a decrease of 18.43%[14] Changes in Assets - The company's cash and cash equivalents increased to RMB 2.43 billion from RMB 2.22 billion, representing a growth of approximately 9.5% year-over-year[10] - Accounts receivable decreased to RMB 740.25 million from RMB 876.17 million, indicating a reduction of about 15.5%[10] - Inventory levels rose significantly to RMB 170.53 million, up from RMB 103.48 million, marking an increase of approximately 64.7%[10] - The company's long-term equity investments increased to RMB 1.12 billion from RMB 1.02 billion, reflecting a growth of about 10.5%[10] - The company reported a significant increase in other receivables, which rose to RMB 197.05 million from RMB 9.29 million, a substantial increase of approximately 2,014.5%[10] Operational Strategy - The company has not indicated any significant changes in its operational strategies or market expansion plans during the reporting period[9]