Henglin(SH:603661)2024-10-29 08:13Revenue and Profit - Revenue for Q3 2024 reached ¥3,006,744,669.47, an increase of 41.02% year-over-year[2] - Net profit attributable to shareholders decreased by 55.58% to ¥46,004,764.94 in Q3 2024[2] - Basic and diluted earnings per share for Q3 2024 were both ¥0.34, down 55.26% compared to the same period last year[3] - The company reported a net profit margin decline, with total profit for the first three quarters of 2024 at CNY 303,080,018.28, down from CNY 410,202,131.78 in 2023, a decrease of approximately 26%[16] - The net profit for the third quarter of 2024 was CNY 275,950,503.77, a decrease of 26.2% compared to CNY 373,653,780.86 in the same period of 2023[17] - The total comprehensive income for the third quarter of 2024 was CNY 301,464,748.05, down from CNY 400,712,359.59 in the previous year, reflecting a decline of 24.7%[17] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥10,917,587,486.22, reflecting a 13.93% increase from the end of the previous year[3] - Non-current assets totaled CNY 4,671,694,287.73 as of the end of the reporting period, compared to CNY 4,098,721,762.00 at the end of the previous period, marking an increase of about 14%[14] - Total liabilities amounted to CNY 7,150,930,229.66, up from CNY 6,134,712,967.20, representing an increase of approximately 16.5%[14] - The total current assets reached approximately RMB 6.25 billion, up from RMB 5.48 billion at the end of 2023, indicating a growth of about 13.9%[12] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 105.18% to ¥750,933,772.63[2] - Cash inflows from operating activities for the first nine months of 2024 amounted to CNY 8,648,181,821.17, an increase of 45.5% from CNY 5,936,607,239.65 in the same period of 2023[19] - The net cash flow from operating activities for the first nine months of 2024 was CNY 750,933,772.63, compared to CNY 365,994,881.30 in the previous year, indicating a growth of 105.5%[19] - Cash outflows from investing activities for the first nine months of 2024 totaled CNY 187,473,594.45, a significant decrease from CNY 707,367,814.41 in the same period of 2023[20] - The net cash flow from financing activities for the third quarter of 2024 was -CNY 660,526,099.00, compared to a positive cash flow of CNY 348,661,145.34 in the same quarter of 2023[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,286[9] - The largest shareholder, Wang Jianglin, holds 82,657,866 shares, representing 59.44% of total shares[10] - The top ten shareholders include a mix of individual and institutional investors, with no significant changes in their shareholding status reported[10] Business Operations - The company reported a 35.24% increase in year-to-date revenue, totaling ¥7,811,074,269.72, driven by growth in cross-border e-commerce and OEM business[2][8] - The company experienced a significant increase in inventory due to the growth of its cross-border e-commerce business[6] - The company plans to expand its market presence and improve its market share through new channels despite facing challenges such as rising shipping costs[6][8] Expenses - Total operating costs for the first three quarters of 2024 were CNY 7,521,995,277.52, compared to CNY 5,366,241,739.77 in 2023, indicating an increase of about 40.4%[16] - Research and development expenses for the first three quarters of 2024 were CNY 164,405,451.08, compared to CNY 156,958,362.07 in 2023, indicating a growth of about 4.6%[16] Inventory and Receivables - Inventory increased significantly to approximately RMB 2.59 billion from RMB 1.82 billion year-over-year[12] - The total accounts receivable decreased to approximately RMB 1.36 billion from RMB 1.47 billion year-over-year[12]