MCC(SH:601618)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 was CNY 113,775,947, a decrease of 14.37% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 2,681,017, an increase of 177.45% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,404,329, up 148.41% year-on-year[3] - Basic and diluted earnings per share for Q3 2024 were CNY 0.13, reflecting a 160.0% increase compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 412.62 billion, a decrease of 11.7% compared to CNY 467.32 billion in the same period of 2023[14] - Operating profit for the first three quarters of 2024 was CNY 8.92 billion, down 29.3% from CNY 12.66 billion in the first three quarters of 2023[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 6.83 billion, a decline of 16.5% from CNY 8.18 billion in the same period of 2023[14] - The company’s total comprehensive income for the first three quarters of 2024 was CNY 7.40 billion, a decrease of 30.5% from CNY 10.65 billion in the same period of 2023[15] - Basic earnings per share for the first three quarters of 2024 were CNY 0.24, down from CNY 0.31 in the same period of 2023[15] Assets and Liabilities - Total assets at the end of Q3 2024 reached CNY 725,006,073, representing a 9.58% increase from the end of the previous year[4] - The total liabilities increased to CNY 541.62 billion as of September 30, 2024, compared to CNY 493.61 billion at the end of 2023, reflecting a growth of 9.7%[13] - The company's total equity increased to CNY 183.38 billion as of September 30, 2024, up from CNY 167.99 billion at the end of 2023, representing a growth of 9.1%[13] - The total current assets as of September 30, 2024, were CNY 92,191,776,000, an increase from CNY 75,066,674,000 at the end of 2023, reflecting a growth of 22.8%[20] - The total liabilities increased to CNY 70,534,165,000 as of September 30, 2024, compared to CNY 56,299,332,000 at the end of 2023, indicating a rise of 25.3%[21] Cash Flow - The company reported a net cash flow from operating activities of CNY (30,735,612) for the year-to-date period[3] - The company reported a net cash outflow from operating activities of CNY 30.74 billion for the first three quarters of 2024, compared to a net outflow of CNY 22.48 billion in the same period of 2023[16] - The company’s cash inflow from operating activities was CNY 301.55 billion for the first three quarters of 2024, down 16.3% from CNY 360.26 billion in the same period of 2023[16] - The company reported a net cash outflow from investment activities of CNY 2,956,379,000 for the first three quarters of 2024, an improvement from CNY 3,367,004,000 in the same period of 2023[22] - The net cash flow from investment activities was negative CNY 14,161,922,000, worsening from negative CNY 4,829,176,000 in the previous year[23] - Total cash inflow from financing activities was CNY 525,279,622,000, up 32.7% from CNY 395,824,387,000 in 2023[23] - The net cash flow from financing activities increased to CNY 13,978,486,000, compared to CNY 2,502,108,000 in the same period last year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 337,866[7] - Shareholders' equity attributable to the parent company was CNY 153,871,032, an increase of 5.77% from the end of the previous year[4] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities[10] Contracts and New Business - The total new contracts signed by the company in the first three quarters of 2024 amounted to RMB 891.69 billion, a decrease of 9.2% compared to the same period last year[11] - The new overseas contracts signed reached RMB 60.76 billion, representing an increase of 85.2% year-on-year[11] Other Financial Metrics - Non-recurring gains and losses for the current period totaled CNY 276,688, with significant contributions from asset disposals and government subsidies[5] - The weighted average return on equity for Q3 2024 was 2.64%, an increase of 1.63 percentage points compared to the same period last year[3] - Research and development expenses for the first three quarters of 2024 were CNY 11.90 billion, down 12.1% from CNY 13.54 billion in the first three quarters of 2023[14] - The company's cash and cash equivalents decreased to RMB 33.66 billion from RMB 44.44 billion year-on-year[12] - Accounts receivable increased to RMB 171.82 billion from RMB 130.04 billion year-on-year[12] - The company's inventory remained relatively stable at RMB 79.84 billion compared to RMB 80.08 billion in the previous year[12] - The company reported a significant increase in long-term receivables, rising to RMB 52.85 billion from RMB 50.83 billion year-on-year[12] - The company’s long-term equity investments decreased to CNY 94,671,309,000 as of September 30, 2024, from CNY 95,704,384,000 at the end of 2023, a decline of 1.1%[20]