zhenhua chemical(SH:603067)2024-10-29 08:15Financial Performance - The company's operating revenue for Q3 2024 was ¥1,006,093,418.75, representing a decrease of 3.96% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥122,868,215.16, an increase of 28.88% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥121,555,641.32, reflecting a year-on-year increase of 22.87%[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 2,993,587,430.81, an increase of 8.75% compared to CNY 2,752,629,321.20 in the same period of 2023[12]. - Net profit for the first three quarters of 2024 was CNY 364,046,337.22, compared to CNY 290,281,784.91 in the previous year, representing a growth of 25.38%[14]. - The company's total comprehensive income for Q3 2024 was CNY 364,046,337.22, compared to CNY 290,281,784.91 in Q3 2023, reflecting an increase of approximately 25.4%[15]. - The net profit attributable to the parent company for Q3 2024 was CNY 363,871,841.94, an increase from CNY 288,848,171.75 in Q3 2023, representing a growth of approximately 26%[15]. - The net profit for the first three quarters of 2024 was CNY 246,723,243.15, compared to CNY 167,595,529.64 in the previous year, indicating a year-over-year increase of about 47.2%[22]. Assets and Equity - The total assets at the end of the reporting period reached ¥4,883,612,981.12, which is a 14.93% increase from the end of the previous year[3]. - The company's total assets increased to CNY 4,883,612,981.12, up from CNY 4,249,266,472.38, indicating a growth of 15.00%[12]. - The total equity attributable to shareholders at the end of the reporting period was ¥3,049,955,826.95, an increase of 8.71% from the previous year[3]. - The company's equity attributable to shareholders increased to CNY 3,049,955,826.95 from CNY 2,805,629,662.59, a growth of 8.69%[12]. - The total equity of the company reached CNY 2,445,006,406.02, an increase from CNY 2,317,526,050.18 in the previous year, representing a growth of about 5.5%[20]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥157,990,096.87, showing a decrease of 16.83% compared to the same period last year[2]. - The total cash inflow from operating activities for the first three quarters of 2024 was CNY 1,603,633,943.25, down from CNY 1,784,643,909.07 in the same period of 2023, reflecting a decrease of about 10.1%[16]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 157,990,096.87, compared to CNY 189,968,446.05 in the same period of 2023, a decline of approximately 16.8%[16]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 30.78 million, a decrease of 74.73% from CNY 121.91 million in the same period of 2023[24]. - Cash inflow from operating activities totaled CNY 955.12 million, while cash outflow was CNY 924.34 million, resulting in a net cash flow of CNY 30.78 million[24]. - The total cash inflow from financing activities for the first three quarters of 2024 was CNY 563,832,928.68, compared to CNY 525,835,374.40 in the same period of 2023, showing an increase of about 7.2%[17]. - The company's cash flow from financing activities showed a significant increase compared to the previous year, indicating a robust financing strategy[25]. Costs and Expenses - Total operating costs amounted to CNY 2,585,924,129.50, up from CNY 2,407,925,604.47, reflecting a year-on-year increase of 7.39%[14]. - Research and development expenses for the first three quarters were CNY 85,287,412.95, compared to CNY 80,410,750.26, reflecting a rise of 6.00%[14]. - Research and development expenses for the first three quarters of 2024 were CNY 49,422,555.64, up from CNY 44,900,522.79 in the same period last year, indicating a growth of about 10.5%[22]. Production and Sales - The net sales volume of chromium chemicals (calculated as sodium dichromate) was approximately 60,300 tons, a decrease of about 9.87% quarter-on-quarter[9]. - The sales revenue contraction affected the company's scale efficiency, leading to an increase in the unit manufacturing cost of major products[9]. - The company’s alloy additive products (including metallic chromium and chromium corundum) sold approximately 4,420 tons, with no significant fluctuations quarter-on-quarter[9]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 1,562,838,403.44 for the first three quarters of 2024, down from CNY 1,720,617,212.69 in the same period of 2023, a decline of about 9.2%[16]. - The company reported a cash inflow of CNY 928.69 million from sales of goods and services in the first three quarters of 2024, slightly up from CNY 923.06 million in the same period of 2023[24]. Inventory and Current Assets - The total current assets as of September 30, 2024, amounted to approximately RMB 2.26 billion, compared to RMB 1.80 billion at the end of 2023, reflecting a significant increase[10]. - Inventory as of September 30, 2024, was approximately RMB 784.48 million, compared to RMB 642.77 million at the end of 2023[10]. - The company's inventory as of Q3 2024 was CNY 373,696,335.76, compared to CNY 331,632,647.82 in Q3 2023, reflecting an increase of approximately 12.7%[20]. - Accounts receivable rose to approximately RMB 581.17 million, up from RMB 373.17 million at the end of 2023[10]. Liabilities - Non-current liabilities totaled CNY 1,129,998,673.03, compared to CNY 738,060,372.14, marking an increase of 53.00%[12]. - The total liabilities of the company reached CNY 1,783,950,826.23, up from CNY 1,381,261,684.29, representing an increase of 29.05%[12]. - The total liabilities increased to CNY 1,536,798,386.76 from CNY 1,192,792,511.82, marking an increase of about 28.8% year-over-year[20]. - The total liabilities as of September 30, 2024, were CNY 1,200,000,000, compared to CNY 1,100,000,000 as of December 31, 2023, indicating a growth of approximately 9.1%[18]. Environmental Commitment - The company is committed to becoming an environmentally friendly enterprise and a model for circular economy development in response to local government expectations[9]. - The company aims to enhance its competitive advantage and increase market share globally through the relocation and upgrading of its production facilities[9]. - As of September, the production capacity utilization rate at the Chongqing base has fully recovered, and preparations for the relocation of the plant have commenced[9].