SHLG(SH:600848)2024-10-29 09:29Financial Performance - The company's operating revenue for Q3 2024 was ¥1,053,101,262.14, a decrease of 14.65% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥309,182,639.86, an increase of 52.14% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥222,743,697.15, up 22.37% from the previous year[2] - Basic earnings per share for Q3 2024 was ¥0.13, reflecting a 62.50% increase compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 3,999,696,826.01, an increase of 20.7% compared to CNY 3,314,107,684.03 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 925,354,231.53, a decrease of 12.4% from CNY 1,056,326,653.96 in the same period of 2023[16] - The total comprehensive income attributable to the parent company for Q3 2024 was approximately ¥925.35 million, compared to ¥1,056.33 million in Q3 2023, reflecting a decrease of about 12.36%[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥88,364,714,664.62, representing a 9.06% increase from the end of the previous year[3] - The total assets of the company increased to CNY 88,364,714,664.62 in Q3 2024, compared to CNY 81,023,155,931.97 in Q3 2023, marking a growth of 9.5%[13] - Total liabilities rose to CNY 55,602,822,029.98 in Q3 2024, up from CNY 49,042,517,218.80 in Q3 2023, indicating an increase of 13.1%[13] - The company's non-current liabilities totaled CNY 26,978,088,111.20 in Q3 2024, compared to CNY 20,607,319,628.97 in Q3 2023, reflecting a growth of 30.8%[13] - The total liabilities amounted to CNY 30.43 billion, an increase from CNY 29.83 billion year-over-year, reflecting a growth of approximately 2.01%[23] Cash Flow - The company reported a net cash flow from operating activities of -¥4,617,053,524.18 for the year-to-date[3] - The net cash flow from operating activities for the first nine months of 2024 was approximately -¥4.62 billion, an improvement from -¥6.40 billion in the same period of 2023[19] - The cash inflow from operating activities totaled approximately ¥6.39 billion for the first nine months of 2024, compared to ¥6.19 billion in the same period of 2023, indicating a year-over-year increase of about 3.4%[19] - The cash outflow from operating activities was approximately ¥11.00 billion for the first nine months of 2024, down from ¥12.59 billion in the same period of 2023, showing a reduction of about 12.5%[19] - The net cash flow from investing activities for Q3 2024 was approximately -¥1.68 billion, compared to -¥50.90 million in Q3 2023, indicating a significant increase in cash outflow[20] - The net cash flow from financing activities for Q3 2024 was approximately ¥5.17 billion, slightly down from ¥5.28 billion in Q3 2023, reflecting a decrease of about 2.1%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,552[7] - The report indicates no significant changes in the top ten shareholders or their shareholding status compared to the previous period[9] Operational Insights - The company experienced a significant increase in net profit due to the recovery in fair value of other non-current financial assets compared to the same period last year[6] - The company has not disclosed any new product launches or technological advancements in this quarter[9] - There are no updates on market expansion or mergers and acquisitions in the current report[9] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[9] Cost and Expenses - Total operating costs for the first three quarters of 2024 were CNY 2,817,219,086.84, up from CNY 2,208,596,697.12 in 2023, reflecting a year-on-year increase of 27.5%[14] - The company reported a financial expense of CNY 476,528,123.17 in Q3 2024, which is an increase from CNY 389,665,253.93 in Q3 2023, representing a rise of 22.3%[16] - The tax expenses for Q3 2024 were CNY 512,332,843.01, compared to CNY 319,982,006.85 in Q3 2023, showing an increase of 60.2%[16] Inventory and Investments - The company's inventory increased to CNY 42.34 billion, up from CNY 41.07 billion, indicating a rise of about 2.93%[11] - Long-term equity investments rose to CNY 2.86 billion from CNY 2.62 billion, marking an increase of approximately 9.09%[11] - Investment properties increased significantly to CNY 29.60 billion from CNY 25.10 billion, showing a growth of around 17.92%[11] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[28]