ZJJF(SH:600668)2024-10-29 08:47Financial Performance - The company's operating revenue for Q3 2024 was CNY 66,321.36 million, a decrease of 2.96% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 2,293.82 million, an increase of 36.45% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 2,048.72 million, up 78.97% compared to the same period last year[2]. - Year-to-date net profit attributable to shareholders decreased by 45.06% to CNY 7,056.23 million compared to the same period last year[2]. - Basic earnings per share for Q3 2024 were CNY 0.0667, an increase of 36.45% year-on-year[4]. - Net profit for the first three quarters of 2024 was CNY 83,710,032.76, a decline of 34.9% compared to CNY 128,529,994.42 in the same period of 2023[18]. - The total comprehensive income for the third quarter of 2024 was CNY 53,847,582.03, a decrease from CNY 100,923,933.98 in the same period of 2023[20]. - The net profit attributable to the parent company was CNY 40,699,801.77, compared to CNY 100,826,634.01 in the previous year, reflecting a significant decline[20]. - Basic and diluted earnings per share for the third quarter were CNY 0.21, down from CNY 0.37 in the same quarter of 2023[20]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 708,708.72 million, a slight increase of 0.56% from the end of the previous year[4]. - The total assets as of the end of Q3 2024 were CNY 7,087,087,169.65, an increase from CNY 7,047,279,717.07 at the end of Q3 2023[16]. - Total liabilities increased to CNY 1,679,218,091.03 from CNY 1,578,751,464.77 year-over-year, representing an increase of 6.36%[16]. - The company’s total equity decreased to CNY 5,407,869,078.62 from CNY 5,468,528,252.30, a decline of 1.11%[16]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 163.05% to CNY 14,642.89 million compared to the same period last year[8]. - Cash flow from operating activities generated a net cash inflow of CNY 146,428,901.46, an increase from CNY 55,665,062.08 in the previous year[21]. - Cash flow from investing activities resulted in a net outflow of CNY 68,024,819.82, improving from a net outflow of CNY 168,239,495.94 in the same period last year[22]. - Cash flow from financing activities showed a net outflow of CNY 45,189,431.18, compared to a net outflow of CNY 11,241,202.35 in the previous year[22]. - The total cash and cash equivalents at the end of the period were CNY 214,907,185.93, down from CNY 243,654,619.48 at the end of the same period in 2023[22]. - The company received CNY 196,000,000.00 in cash from borrowings during the third quarter, compared to CNY 316,000,000.00 in the same period last year[22]. - The company reported cash receipts from sales of goods and services amounting to CNY 2,189,518,886.34, a decrease from CNY 2,355,336,830.71 in the previous year[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,382[9]. - The largest shareholder, Jinhua Tongji State-owned Assets Investment Co., Ltd., holds 55,564,103 shares, accounting for 16.15% of total shares[12]. - The company has no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[11]. - There are no indications of related party transactions among the top shareholders[10]. Operational Insights - The company attributed the increase in Q3 net profit to the improved profitability of its subsidiary's mechanism sand aggregate business[7]. - The company has not reported any significant new strategies or product developments in the current quarter[13]. Costs and Expenses - Total operating revenue for the first three quarters of 2024 was CNY 2,022,022,292.40, a decrease of 2.06% compared to CNY 2,064,631,835.35 in the same period of 2023[16]. - Total operating costs for the first three quarters of 2024 were CNY 1,960,325,832.43, down from CNY 1,986,762,089.62 in the previous year, reflecting a decrease of 1.34%[16]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 71,993,537.74, compared to CNY 84,057,891.93 in the previous year, indicating a decrease of 14.3%[18]. - The company reported a decrease in sales expenses to CNY 133,225,980.28 from CNY 151,313,015.39, a reduction of 11.93%[18]. Inventory and Receivables - Accounts receivable decreased to ¥253,102,012.73 from ¥267,256,723.29 year-over-year[14]. - Inventory increased to ¥426,628,543.08 from ¥394,608,084.43 year-over-year[14]. - The company's non-current assets include long-term equity investments valued at ¥1,772,836,923.48, down from ¥1,844,039,849.77[14]. - The total current assets as of September 30, 2024, are ¥1,147,431,695.32, compared to ¥1,100,430,619.82 at the end of 2023[14]. - The deferred income tax assets rose to CNY 67,666,548.72 from CNY 58,843,975.85, reflecting an increase of 14.5%[16].