KINGFA(SH:600143)2024-10-29 08:37Financial Performance - The company's operating revenue for Q3 2024 reached ¥17,117,592,793.08, representing a year-on-year increase of 22.78%[2] - Net profit attributable to shareholders for the same period was ¥303,244,134.98, a significant increase of 1,886.40% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥285,975,588.02, with a year-to-date increase of 84.29%[2] - The basic earnings per share for Q3 2024 was ¥0.1140, reflecting a year-on-year increase of 1,900.00%[3] - Total operating revenue for the first three quarters of 2024 reached ¥40.46 billion, a 17.8% increase from ¥34.29 billion in the same period of 2023[19] - Net profit for Q3 2024 was CNY 320,567,017.01, a decrease of 16.6% compared to CNY 384,366,338.01 in Q3 2023[21] - The company reported a total profit of CNY 713,371,762.66 for Q3 2024, down from CNY 757,144,736.79 in Q3 2023, reflecting a decline of 5.8%[21] - The company’s total profit for the first three quarters of 2024 was ¥826.47 million, down 51.5% from ¥1.71 billion in the same period of 2023[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥64,583,728,078.40, an increase of 4.89% from the end of the previous year[3] - Current assets as of September 30, 2024, totaled ¥26.58 billion, compared to ¥23.29 billion at the end of 2023, indicating a 14.8% growth[17] - Total liabilities as of September 30, 2024, amounted to ¥44.50 billion, compared to ¥43.66 billion at the end of 2023, reflecting a 1.9% increase[18] - The company's total assets reached ¥64.58 billion, up from ¥61.58 billion, marking a 4.9% increase[18] - Non-current liabilities totaled ¥20.84 billion, an increase from ¥20.31 billion, representing a 2.6% rise[18] - The total liabilities increased to 19,108,537,034.42 RMB from 16,816,296,616.81 RMB, reflecting an increase of approximately 17.2%[29] - The total assets reached 33,026,142,075.47 RMB, up from 30,631,303,747.32 RMB, marking an increase of about 7.8%[29] Shareholder Information - The company reported a total of 163,850 common shareholders at the end of the reporting period[8] - The top shareholder, Yuan Zhimin, holds 19.36% of the shares, totaling 510,380,393 shares[8] - The largest shareholder, Yuan Zhimin, holds 510,380,393 shares, representing a significant portion of the company's equity[10] - The second-largest shareholder, Xiong Haitao, holds 122,331,359 shares[10] Share Repurchase and Holdings - The company repurchased a total of 53,247,953 shares, accounting for 2.02% of the total share capital, with a maximum purchase price of RMB 7.68 per share and a minimum of RMB 6.31 per share[15] - The total amount paid for the repurchase was RMB 369,081,670.34, excluding transaction fees[15] - A total of 13 directors, supervisors, and senior management personnel planned to increase their holdings by at least RMB 9.5 million, completing the plan by acquiring 1,475,200 shares, which is 0.06% of the total share capital[15] - The total amount spent on the share increase was RMB 9,976,900, excluding transaction fees[15] - The company has engaged in a share repurchase program with a budget between RMB 300 million and RMB 500 million over a 12-month period[15] - The company has disclosed its commitment to timely information disclosure regarding the progress of its share repurchase[15] Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date period was ¥1,466,749,760.83, showing a decrease of 53.11%[3] - Operating cash flow for the first nine months of 2024 was CNY 1,466,749,760.83, a decrease of 53.2% from CNY 3,127,837,532.02 in the same period of 2023[25] - Cash flow from operating activities was ¥2.39 billion, a decrease of 34.5% compared to ¥3.65 billion in the same period of 2023[32] - The company incurred financial expenses of ¥251.66 million, a decrease of 20.4% from ¥316.19 million in the previous year[30] - Financial expenses for Q3 2024 were CNY 915,530,299.54, an increase of 17.4% compared to CNY 779,839,359.41 in Q3 2023[21] Research and Development - Research and development expenses for Q3 2024 were CNY 1,601,005,346.41, an increase of 33.4% from CNY 1,200,401,699.67 in Q3 2023[21] - Research and development expenses increased to ¥477.41 million, up 9.3% from ¥436.81 million in the previous year[30]